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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...
UK’s FCA Warns Investors of High-Risk Crypto Investments and Scams
11.1.2021
The Financial Conduct Authority said investors in cryptocurrency products offering high returns should be prepared to lose "all their money."
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...
Hackers Are Using Three Fake Crypto-Related Apps to Drain Wallets
7.1.2021
While bitcoin (BTC) prices are increasing, crypto-related scams appear on the scene to take advantage of the situation. In this case, a security firm spotted three malicious crypto apps targeting users to steal their funds. Three Bogus Crypto Trading and Poker Apps Are Infected With Dangerous...
Rapper HiiiKey confirms YouTube channel hack, fake crypto giveaway steals $70K
7.1.2021
An American rapper’s YouTube channel has reportedly been hacked to promote a fake ETH and BTC giveaway live stream that seems to have over 56,000 viewers
Alleged 'kingpin' of a 25M rupee Indian crypto scam arrested at Delhi airport
1.1.2021
The man is said to have convinced people to invest in a 2017 scheme promising monthly returns of over 20%
Roundup of crypto hacks, exploits and heists in 2020
26.12.2020
2020 has been the year of DeFi, but not all has gone smoothly with the fledgling financial ecosystem
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