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US SEC Issues Warning on Crypto Investment Scams Citing ‘Some Investors May Have FOMO’
12.9.2021
The U.S. Securities and Exchange Commission (SEC) has issued a warning about fraudulent investment schemes involving cryptocurrencies. The regulator notes that some investors may have fear of missing out (FOMO) given the rise in prices of some crypto assets in recent years. SEC Warns Investors...
Taiwan police arrest 14 suspects for scamming over 100 crypto investors
7.9.2021
The Criminal Investigation Bureau has charged the suspects with fraud, money laundering and breaches of the Organized Crime Prevention Act
Kim Kardashian Called out by UK Regulator for Pumping Crypto Token That Could Harm Investors
7.9.2021
Kim Kardashian has been singled out by the U.K.’s Financial Conduct Authority (FCA) for pumping a crypto token that could put investors at risk. With 250 million Instagram followers, the FCA chairman said that Kardashian’s cryptocurrency promotion “may have been the financial...
US SEC releases fresh investor alert against crypto investment scams
6.9.2021
The “rising popularity” of initial coin offerings, including cryptocurrencies, coins, and tokens, is considered the main reason for growing scams and exploits among retail investors
Sunacrip and Venezuelan Intelligence Police Issue Warning on Cryptocurrency Scams
6.9.2021
Sunacrip, the Venezuelan cryptocurrency watchdog, and the Intelligence Police (CICPC) issued a warning for the general population about cryptocurrency scams. The institutions gave a series of recommendations to avoid being scammed by cryptocurrency Ponzi schemes involving the national...
Scammers Offer Free Bitcoin on Hacked Government Site in Russia as Crypto Fraud Surges
5.9.2021
Unknown scammers have organized a fake bitcoin giveaway through a Russian government website they hacked. The news of the attack comes after a recent report revealed that damages from crypto-related fraud in Russia have reached $30 million in value in the first half of this year. Regional...
Kaspersky ranks cryptojackers among top malware threats in Africa
3.9.2021
Some of the most common methods of duping crypto investors include false advertisements claiming to sell mining equipment and fake websites posing as crypto exchanges
Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals
2.9.2021
Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in the region have sent the fraudulent schemes a staggering $815 million in crypto. Eastern Europe Leads by Volume...
Eastern European victims sent $815M to Ponzis and scams in the past year
2.9.2021
Scams make up the largest share of funds sent from Eastern Europe to illicit addresses
Bitconnect promoter pleads guilty over Ponzi scheme, as platform faces new SEC charges
2.9.2021
Former BitConnect promoter Glenn Arcaro has pled guilty to his role in the saga, but the whereabouts of the firm’s founder Satish Kumbhani is unknown
YouTuber Accuses Million-Dollar Retro Game Sales Of Being Scams
25.8.2021
Vintage video games, like factory-sealed copies of The Legend of Zelda and Super Mario Bros. for the Nintendo Entertainment System, have suddenly started selling for eye-popping prices, and a new video documentary claims potential fraud could be a big part of the reason why. It effectively charges...
Australians lost over $25 million to bogus crypto investments: Report
24.8.2021
Bitcoin-related investment scams have already exceeded $18.5 million, an increase of 44% compared to the total loss of nearly $12.8 million in 2020
South African Start-Up Aims To Shield Merchants From Crypto Price Swings
5.8.2021
While opponents of cryptocurrencies continue to peddle the environmental damage or the terrorism funding narrative, users from countries where the majority is financially excluded see these as a breakthrough innovation. Crypto Utility Inspires Volatility Solutions For instance, to undocumented...
Crypto Crime Falls in China, Surges in Hong Kong, Reports Reveal
5.8.2021
China’s cryptocurrency transactions related to criminal activities have decreased significantly over the past couple of years, a new report suggests. At the same time, its special administrative region of Hong Kong is seeing a spike in crypto-related crime this year, with authorities...
China crypto crime: Still ‘top ranked’ for illicit activity but crime is falling
4.8.2021
Chinese wallets both sent and received more than $2 billion worth of crypto associated with illicit activities between April 2019 and June 2021
Survey Shows 40% of US Crypto Owners Forget Their Password, 20% Write Passwords on Paper
4.8.2021
According to a recent study on crypto asset storage and passwords, a survey that polled over 1,000 digital currency owners shows 39.7% have forgotten their passwords. The study produced by cryptovantage.com indicates that users unable to recover their passwords lost an average of $2,134. Survey...
Bank of Russia Exposes Nearly 150 Financial Pyramid Scams, Fraudsters Exploit Crypto Craze
30.7.2021
The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year. Fraudsters often lure people with weak financial literacy into investment scams linked to cryptocurrencies or crypto mining operations. Pyramid Schemes Thrive Amid Rising Investment Demand...
Namibia Central Bank to Complete Crypto Study By April 2022 — Governor Says Current Laws Do not Permit Use of Digital Assets
25.7.2021
The Bank of Namibia (BON) is on course to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use...
Japanese police arrest alleged masterminds behind $55M ‘AI-led‘ crypto scam
14.7.2021
Four men have been arrested in Aichi Prefecture for allegedly running a fraudulent crypto scheme that drew in 20,000 Japanese investors and raised 6 billion yen
Self-Proclaimed Bitcoin Inventor Jörg Molt Arrested for Alleged Crypto Pension Fraud
14.7.2021
In 2019, a man with Fabio-like hair entered the cryptocurrency scene with questionable claims when he told a slew of people he helped co-found the creation of Bitcoin. The self-proclaimed Bitcoin inventor named Jörg Molt not only offered a “Satoshi School” but allegedly ran...