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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...
Cryptocurrency Founder Charged With Avoiding Tax to Buy Yachts and Homes
10.12.2020
"Bruno Brock" is alleged to have avoided tax on sales of the pearl cryptocurrency as well as minting free tokens for himself
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...
Bitcoin ETF Time? What SEC Chairman Jay Clayton Stepping Down Means for Markets
22.11.2020
Jay Clayon is stepping down as chairman of the Securities Exchange Commission. Here’s what that means for crypto and traditional markets
Sharktron Defi Project Devs Exit Scam: Tron Foundation Says Part of Missing Funds Now Frozen
10.11.2020
Developers of the Sharktron defi project have exit scammed with reports suggesting that TRX tokens worth up to $10 million are missing. The Tron Foundation has confirmed the theft, but is quick to inform Sharktron token holders that a portion of the missing funds has been frozen. The exit scam...
Binance takes credit for thwarting an attempted exit scam on its blockchain
4.11.2020
The centralized part of "CeDeFi" did not seem to help though
Binance Recovers $344K From DeFi ‘Exit Scam’ That Launched on Its Platform
4.11.2020
Cryptocurrency exchange Binance says it followed the money trail left by the Wine Swap exit scam and recovered nearly all the stolen funds
Exit scams and regulations disrupt global darknet markets
27.10.2020
Recent exit scams have displaced the users of darknet markets, with Eastern European-only platform Hydra now the largest worldwide
Filecoin Founder Accuses Justin Sun of Spreading Lies About FIL Tokens as Fresh Dumping Allegations Emerge
21.10.2020
Juan Benet, a founder at Filecoin, is attacking Justin Sun for spreading completely false accusations about the movement of the FIL tokens soon after listing. In his long Twitter rebuff, Benet accuses Sun of spreading lies with the intention of harming the Filecoin project financially. Calling...
Filecoin Offering: Community Alleges Token Dumping, Tron’s Justin Sun Wants the US SEC to Investigate
17.10.2020
The recent Filecoin (FIL) token offering is creating controversy as some crypto community members are alleging that an unknown account has received 1.5 million tokens when only 500,000 were due for unlocking. According to reports, 800,000 tokens out of the 1.5 million of such tokens have been...
Coinbase’s Global Marketing Head Latest to Join Mass Exit
16.10.2020
Global Marketing Head John Russ is the latest in a string of departures from the crypto exchange over recent weeks
Bulls Exit BitMEX Bitcoin Futures Market
2.10.2020
Since the announcement from U.S. regulators, BitMEX has witnessed an outflow of more than 40,000 bitcoins, currently worth more than $422 million
Crypto P2P Exchange LocalBitcoins: We Have No Plans to Exit Venezuela
17.9.2020
Peer-to-peer (P2P) crypto marketplace LocalBitcoins said it has “no plans” to leave Venezuela – despite the United States Treasury-endorsed sanctions that have already forced one of its rivals to close down its operations in the South American nation.
As previously reported, the Office of Foreign...
‘You Are Not Anonymous on Tor’ – Study Shows Privacy Network Offers Superficial Anonymity
17.9.2020
Privacy advocates are growing leery of the Tor network these days, as recently published research has shown a great number of network’s exit relays are compromised. Furthermore, on September 15, the Hacker Factor Blog published a new Tor report that shows IP addresses being uncovered....
Tron legitimized a project before it pulled an exit scam, community says
15.9.2020
Tron’s primary DeFi project whitelisted what looks like a scam
Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward
15.9.2020
The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other. Waves blockchain creator...
Sushiswap’s 2 Million Token Airdrop: Founders Face Accusations of ‘Making Defi a Joke Again’
14.9.2020
Sushiswap’s new leader and FTX CEO Sam Bankman-Fried tweeted on September 12 that the promised 2 million token airdrop would go on as scheduled. The process was expected to last up to two hours or less depending on network congestion. The airdrop caps an eventful week for Sushiswap that...
Sushiswap Creator Returns $14 Million After Community Cries Exit Scam
11.9.2020
One week after the Sushiswap creator was accused of an exit scam, he has returned all of the coins he cashed out. The anonymous creator also apologizes to the community, including to Binance which came under fire for listing the sushi token. Sushiswap Creator Says ‘Sorry’ The creator...
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...
Another DeFi exit scam just made off with $20M in investor funds
10.9.2020
Is DeFI unravelling, or are these just growing pains?