Search
Report: Crypto Crash Kingpin Who Played League During Meetings Apparently Sucked At It
14.11.2022
Last week, crypto exchange FTX went from being valued at nearly $32 billion to filing for bankruptcy, and its founder, Sam Bankman-Fried, went from being the crypto space’s only ethical genius to being just a dude like the rest of us, albeit one who lost customers and investors alike a fortune....
DeviantArt Embraces AI Art, Screws Up Massively
14.11.2022
DeviantArt is a website that has survived multiple generations of the internet because it does one thing and does it well: it lets artists upload and share their work. That’s it! So it’s both funny and more than a little tragic to see the site try something new last week, only for it to be...
CEO Of Crypto’s Biggest Bust Played League Of Legends While Pitching Investors
10.11.2022
FTX CEO Sam Bankman-Fried spent the last year on a victory tour. The “crypto kingpin” held court at Bloomberg’s Crypto Summit over the summer and was crowned as a mega donor savior to Democrats in the midterm elections. His company even gloated about him playing League of Legends during high-level...
‘Do not delay’ — ASIC warns Aussies to look for 10 signs of a crypto scam
8.11.2022
The list comes out as part of Australia's 2022 Scams Awareness Week
Hyped Mystery Square Enix Game Turns Out To Be NFT Junk
3.11.2022
While several big gaming companies have flirted with the idea of non-fungible tokens, none has embraced the crypto scam with as much blind confidence as Square Enix. Now the Final Fantasy maker has finally revealed its first NFT stunt, Symbiogenesis, crushing fan hopes that the previously leaked...
Cryptoqueen Ruja Ignatova Tipped Off About Onecoin Investigations Before She Vanished, Report
22.10.2022
Ruja Ignatova, founder of the notorious crypto pyramid Onecoin, was reportedly alerted about police investigations into the scam before she disappeared. The ‘Cryptoqueen’ has been on the run for several years, wanted by law enforcement agencies around the world. Onecoin Mastermind Learned About...
Crypto ATMs emerging as popular method for crypto scam payments: FBI
5.10.2022
The FBI says alongside regular methods of payment such as wire transfers and prepaid cards, crypto ATMs are also becoming a prominent tool for crypto investment scammers
US State Issues Order Freezing Crypto at Exchanges in Pig Butchering Scam Crackdown
1.10.2022
The Delaware Department of Justice’s Investor Protection Unit has issued a cease and desist order against 23 entities and individuals involved in a popular cryptocurrency scam known as “pig butchering.” The order also freezes the accounts allegedly holding cryptocurrencies...
Congressman Under Investigation For 'Sex Trafficking' Caps Off Twitch's Worst Week Ever
22.9.2022
First Amazon-owned Twitch was ravaged by a major gambling scandal. Then it revealed a new, worse revenue split for creators because it had to charge itself too much for servers. Next Bloomberg reported that the platform has a major problem when it comes to potential predators using it to target...
Florida Crypto Scam Trader of EmpiresX Pleads Guilty of Defrauding Investors of $100m
12.9.2022
A Florida man has pleaded guilty to conspiracy to commit securities fraud with a crypto Ponzi scheme that defrauded investors of about USD 100m.
The man, identified as the 28-year-old Joshua David Nicholas, was working as “Head Trader” at the purported crypto platform EmpiresX, which he and others...
US Senators Press Meta CEO Mark Zuckerberg on Crypto Scam Policies for Facebook, Instagram, Whatsapp
11.9.2022
Six U.S. senators have demanded answers from Meta CEO Mark Zuckerberg about how his company is handling cryptocurrency scams on its social media platforms, including Facebook, Instagram, and Whatsapp. “We are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes...
Indian Police Arrest Two Suspected of Duping 1,400 in Alleged $12M Crypto Scam
6.9.2022
Two individuals have been arrested on suspicion of duping 1,441 investors in a crypto scam, according to the Economic Offences Wing of Mumbai's Thane Police in the western state of Maharashtra
‘Far too easy’ — Crypto researcher’s fake Ponzi raises $100K in hours
6.9.2022
Crypto Twitter user FatManTerra explained the fake investment scheme was used to teach people a lesson about investing blindly in crypto schemes shilled by influencers
Congress Questions Coinbase, FTX, Binance, Kraken in Crypto Fraud Crackdown
2.9.2022
A House committee has sent letters to four U.S. federal agencies and five cryptocurrency exchanges asking for information about what they are doing to combat cryptocurrency fraud and scams. Congress Questions Regulators and Crypto Exchanges The House Committee on Oversight and Reform sent letters...
FBI Profiles Top 10 Most Wanted Fugitive ‘Crypto Queen’ Ruja Ignatova of Onecoin Scam
1.9.2022
The Federal Bureau of Investigation (FBI) profiled the Onecoin cryptocurrency scam and its co-founder Ruja Ignatova, aka “Crypto Queen,” in a new podcast. Onecoin was one of the world’s biggest crypto scams and Ignatova was recently added to the FBI’s 10 most wanted...
Argentinian Presidential Hopeful Reportedly Faces Crypto Scam Promotion Wrap
23.8.2022
A group of Argentine crypto investors have launched a lawsuit against Javier Milei, an outspoken MP and bitcoin (BTC) advocate who wants to run for president.
The media outlet Clarín reported that a lawyer named Juan Pablo Chiesa, who is representing the group, says that the investors lost around...
US Authorities Warn of ‘Pig Butchering’ Crypto Scam Becoming Alarmingly Popular
21.8.2022
U.S. authorities have warned about the rising popularity of a crypto scam known as “pig butchering.” The Federal Bureau of Investigation (FBI) explained: “The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off...
Indian Police Search for Bitconnect Founder After the US Indicted Him for Defrauding Crypto Investors
20.8.2022
The Indian police have launched an investigation into Bitconnect and booked its founder after a bitcoin investor reported being defrauded by the global crypto “Ponzi scheme.” According to U.S. authorities, the scheme reached a market capitalization of $3.4 billion at its peak....
Crypto Scam BitConnect Founder Reportedly Booked in India on Fresh Charges
18.8.2022
The legal woes of Satish Kumbhani, the discredited founder of crypto scam BitConnect, continue - Indian police have booked him after a lawyer told the authorities that he had been defrauded out of close to BTC 220 (USD 5.2m) through a series of scams perpetrated by Kumbhani and others....
Read...
Chainalysis: Illicit Crypto Activity Falls — Scam Revenue 65% Lower Than Last Year
18.8.2022
Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year. “Those numbers suggest that fewer people than ever are falling for cryptocurrency scams,”...