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Texas Issues Orders to Stop ‘Binance Assets’ and 2 Other Fraudulent Crypto Investment Platforms
18.3.2021
The Texas securities commissioner has entered emergency cease and desist orders to stop three cryptocurrency investment platforms from duping investors in the state. One scheme operates under the name “Binance Assets.” The regulator has found that all three platforms are fraudulent....
Ripple Settles Legal Dispute With Youtube Over XRP Giveaway Scams
11.3.2021
Ripple and Youtube had ended a legal battle initiated in April last year amid allegations related to crypto-related scams. The U.S. blockchain company sued the video platform for negligence in acting against crypto scams that impersonated Ripple. Terms of the Resolution Are Confidential During...
South African Regulator Warns Crypto Investors to ‘Be Prepared to Lose All’ Following Collapse of Bitcoin Trading Company MTI
5.2.2021
The Financial Sector Conduct Authority (FSCA) has issued what it terms crypto health warning after receiving many complaints from South African victims of crypto scams. In the warning, the FSCA reminds prospective investors that crypto-related investments are currently not regulated. Therefore...
Indian government looking to crack down on crypto scams with proposed ban: Cashaa CEO
31.1.2021
Kumar Gaurav said "there is no way any government" can outright ban crypto given its nature as a global and decentralized system
BlackRock CEO on BTC, Grayscale Competitor, USD 16.5bn Lost to Crypto Scams + More News
27.1.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Commenting on Bitcoin (BTC), Larry Fink, Founder, Chairman and CEO of BlackRock, said: "It's not a market for the calm. Right...
Substack Newsletters Are Being Used to Spread Crypto Scams
25.1.2021
Substack is being leveraged by scammers for its ease of use and reach
Lawsuit Filed to Stop a Global Cryptocurrency Scam Spreading in India
13.1.2021
A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. The Delhi court has directed a notice to be placed in major newspapers...
Spanish Police Detain Four People Allegedly Involved in a $15M Crypto Ponzi Scheme
9.1.2021
The Spanish police detained four people of different nationalities this week for allegedly running a $15 million crypto Ponzi scheme. According to the police, “many victims” filed a complaint against them. Victims Believed Their Bitcoins Went to a Legit Company According to Policia...
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...
Texas Financial Regulators Crack Down on 15 Alleged Crypto Scams
19.11.2020
Many of the alleged crypto scams had a common tactic: savvy social media posts to draw victims in
SEC Commissioner Peirce Weighs in Defi Token Regulation Debate: Panel Predicts Defi Will Self Correct in Twelve Months
9.10.2020
The U.S. Securities and Exchange Commissioner, Hester Peirce says while defi tokens carry some equity-like benefits, she believes that giving something away is distinct from selling something. As a result of this lack of clarity, Peirce says questions about the regulatory structure and how these...
Brazen Nigerian Crypto Scam Inksnation Still Operational Three Months After Regulator Warning
20.9.2020
One of Nigeria’s most brazen crypto scams, Inksnation remains operational and still invites new investors some three months after the country’s Securities and Exchange Commission (SEC) deemed its activities illegal. The SEC has previously warned Nigerians against investing with the scam...
US ramps up enforcement actions against global crypto scams
17.9.2020
The U.S. Justice Department has announced sanctions against two Russians, and the arrest of two Malaysians, over separate seven-figure crypto scams
African traders least likely to fall for crypto scams: Chainalysis
17.9.2020
The region's traders are highly aware of scams and avoid them
‘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
Waterloo residents have lost $430k to crypto scams this year
25.8.2020
Bitcoin scammers have thus far proven to be unstoppable in Canada
UK Crackdown Pulls Thousands of Crypto Scams Offline
14.8.2020
The NCSC has gone scorched earth on crypto scams
Google Ads is Failing to Protect People From Crypto Scams
12.8.2020
How does such a seemingly omnipotent company fail to do something so basic?
From Call Centers to Cryptos: India’s Scammers Don't Seem to Stop
11.8.2020
As cryptos gain ground in India and Bitcoin price spikes, Indian scammers are likely to make the most of the opportunity
California's Attorney General Warns People to Be Wary of Crypto Scams
7.8.2020
California authorities recently came out with a fresh cautionary statement on crypto crime