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Nalezeno "exit scam": 76

South African ‘Exit Scam’ Sees Brothers Vanish with USD 3.6B in Bitcoin


An apparent exit scam in South Africa could have left investors out of pocket to the tune of USD 3.6bn after the two brothers who operate the Africrypt project “vanished” following reports of a hushed-up “hack.” Per Bloomberg, Hanekom Attorneys, a legal firm in Cape Town was hired by investors,...

Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam


The Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled an exit scam. Customers are unable to withdraw their funds and have been asked to provide extensive identifying information which they fear would lead to identity theft. The exchange claims that it...

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