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Adoption, scams and regulator FUD: 2020’s biggest crypto disappointments
26.12.2020
With only a few days of 2020 left, here’s a look at some of the major disappointments in the crypto industry during the year
Livecoin exchange goes offline after Bitcoin price reportedly exceeds $320K
25.12.2020
Russian crypto exchange Livecoin claims that it has suffered a “carefully planned attack,” but some in the community suspect an exit scam
Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud Schemes
24.12.2020
A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams. The U.S. Department of Justice alleges that the trader knowingly sold bitcoin to victims of fraudulent schemes. Bitcoin Trader Facing Jail Time The U.S. Department of Justice (DOJ)...
DJ Khaled and Floyd Mayweather promoted his 2017 ICO; now, he faces a year behind bars
15.12.2020
Robert Farkas will face the lightest felony sentence possible for his role in Centra Tech's 2017 ICO
Investigation traces scam Bitcoin celeb ads to Moscow
15.12.2020
More countries are allegedly involved in a major global Bitcoin ad scam
Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers
14.12.2020
An Indian law enforcement agency has arrested Naisar Kothari, a cryptocurrency trader, for his role in a money-laundering scheme linked to online Chinese betting scams. The arrest was made after the country’s Enforcement Directorate (ED) detected large amounts of money “being...
Ledger Wallet Customer Data Leak Invokes Threats, Phishing Scams, User Allegedly Loses Life Savings
13.12.2020
The cryptocurrency hardware wallet firm Ledger was hacked last June and over a million emails were exposed, according to reports from the company at the time. Months later, the hackers who obtained the Ledger data emailed clients, sent texts to customers, and created phishing links for users...
Popular Browsers Like Google Fail to Catch Copycat Crypto Sites, Scams Make the Top Results
13.12.2020
As the digital asset economy grows popular and a number of crypto companies become well known, copycat scammers appear in greater numbers. There are a number of websites that are clones of the official web page from companies that provide mining device sales, wallets, full nodes, paper wallet...
Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes
13.12.2020
A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes. Crypto Founder Exit Scams, Caught for Tax Evasion...
Belgian Regulator Warns of Crypto Scammers That Target Male Tinder Users With Fake ICOs
10.12.2020
The Belgian regulator, the Financial Services and Markets Authority (FSMA), says scammers are employing new techniques which target Tinder and Facebook users. Using what the FSMA terms an “emotional scam,” criminals are targeting male users of the dating app Tinder with promises...
Accused Ponzi scheme is now fighting the SEC in addition to former investors
8.12.2020
The SEC subpoenas the former owner's bank accounts to find out what happened to investments into Crypto Traders Management
Did you fall for it? 13 ICO scams that fooled thousands
6.12.2020
ICOs are revolutionary for business, though the fear of being scammed keeps investors at a distance
CipherTrace warns of surge in funds lost to MetaMask phishers
3.12.2020
Phishers are coming after MetaMask users in increasingly clever ways
Report: 33% of US Based ICO Investors Say Founders Intentionally Deceived Them or Withheld Key Information
2.12.2020
A survey conducted by Xangle Research finds that a third (33%) of respondents say founders of an initial coin offering (ICO) in which they invested either intentionally deceived them or withheld key information. A further 17% of the responding ICO investors say they did not know if they had been...
Justice Department extradites alleged BTC mining ponzi operator from Panama
30.11.2020
AirBit Club's leadership have been gathered in New York City and will face charges for stealing "membership dues" to finance massive marketing events and lavish personal lifestyles
No, You Can’t Buy Shares in Bitcoin
29.11.2020
With bitcoin going through an extended bull-run, scammers and con artists have been on hand to exploit a general fear of missing out (FOMO). Many early adopters of bitcoin became multi-millionaires by simply holding the digital asset. New Scam Tactic Consequently, many bitcoin investment scams have...
Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi
27.11.2020
Court filings from Nov. 19 show that a large volume of crypto assets, including Bitcoin and Ether, was seized from seven convicts in the PlusToken case
Russian Prime Minister Pledges to ‘Civilize’ Crypto Market and Prevent Scams
26.11.2020
Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin
4 tips to avoid phishing attacks
23.11.2020
Once a user identifies a phishing attempt, spreading the word online can assist in the security of everyone’s funds
Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader
21.11.2020
The Texas State Securities Board (TSSB) has announced a series of enforcement actions against 15 online investment entities that illegally market cryptocurrency, binary options, and forex investments in Texas. Fake Social Media Accounts The regulator alleges that operators of the companies...