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Alleged crypto Ponzi scheme targeting Spanish speakers freezes user funds
15.9.2020
Researchers are warning that the supposed scheme could have swindled billions
Brock Pierce Served Court Papers for Fraud Lawsuit at His Own Presidential Campaign Rally
15.9.2020
U.S. presidential candidate and crypto entrepreneur Brock Pierce was legally served during his campaign rally in New York on Monday
U.S. Presidential candidate served for alleged securities fraud at rally in NYC
14.9.2020
This campaign rally probably did not turn out quite as the candidate had envisioned it
Rapper TI Cryptocurrency Fraud: Charged and Fined $75,000 by SEC
13.9.2020
Rapper TI and four other people, including film producer Ryan Felton, have been charged by the U.S. Securities and Exchange Commission (SEC) over fraudulent token sales. TI, or Tip as the rapper is also known, is also fined $75,000 by the securities regulator. Rapper TI and Film Producer Charged...
Many blockchain projects have ‘smoke-and-mirror’ strategies: Avalanche CEO
12.9.2020
Too many make strong claims without evidence
DeFi: A shrinking window of opportunity
12.9.2020
With regulators unlikely to change old-fashioned rules in favor of the emerging market, DeFi might be burdened under fraud and new portions of restrictions
Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T
11.9.2020
A California judge has dismissed the $200 million in damages claim against the telecom giant AT&T for alleged negligence and fraud. The judge still ruled the telecom company had to answer the lawsuit by Michael Terpin for enabling the theft of $24 million worth of his cryptocurrency after...
Defi Project Yfdex.Finance Vanishes With $20M Investors’ Funds Just Two Days After Launch
11.9.2020
Yfdex.Finance (Yfdex), a new liquidity mining pool, has reportedly exit scammed, making off with up to $20 million of investors’ funds. The decentralized finance (Defi) project convinced people to hand over their life savings following just two days of aggressive marketing on social media...
Alongside today's sanctions, the US charges operators of Russian troll farm with fraud for using U.S. IDs to start crypto accounts
10.9.2020
New wire fraud charges against St. Petersburg trolls allege that they stole the identities of U.S. citizens to open crypto accounts
6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China
10.9.2020
Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid...
Singapore man pleads guilty to stealing $360K in fake Bitcoin sale
9.9.2020
The cases of the robber’s two accomplices are still pending
Crypto Firm Bitsonar had Signs of a ‘Deliberate Fraud’, Ex Employee Claims in FBI Report
7.9.2020
Former Bitsonar employee Yaroslav Shtadchenko has filed an FBI complaint accusing the crypto investment firm of operating like a pyramid scheme
‘Bitcoin Pope’ faces up to 10 years in jail for running two crypto scams
7.9.2020
The alleged crypto scam websites are still intact
US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case
7.9.2020
A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. The man, Joseph Frank Abel, pleaded guilty by video conference before U.S. District Judge Claire...
Industry leaders say blockchain makes payment services more efficient
5.9.2020
Is blockchain the solution in making payments more transparent and secure?
South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex
5.9.2020
A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC)...
Blockchain can combat Australia’s $1.7B food and wine fraud problem
4.9.2020
Food and wine fraud costs Australians $1.7 billion, but government and industry experts say blockchain could be the solution
Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint
4.9.2020
Chilean cryptocurrency exchange, Badu.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition...
Ubitquity LLC Announces ClosingBlock Software to Tackle Wire Fraud
3.9.2020
Delaware based enterprise blockchain solution for recordkeeping, Ubitquity LLC, has announced on Thursday the launch of ClosingBlock, a software designed to fight wire frauds. The company stated that the software will go live in the last quarter of 2020, and will help users to make escrowing...
Crypto Exchanges Worried: Police Continue Bithumb Fraud Probe
3.9.2020
Source: Adobe/david_franklin
Further details are emerging about the Seoul Metropolitan Police Agency’s all-day raid on Bithumb, South Korea’s leading crypto exchange on suspicions of fraud and embezzlement.
A Seoul-based employee at a rival South Korean crypto exchange who asked not to be named...