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8,000 Bitcoin Scam Victims Get Refunds From US Regulator
7.11.2020
The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid Schemes’ Victims...
Court Enters $900K Judgment Against Crypto Ponzi Scammer on Behalf of CFTC
4.11.2020
Venture Capital Investments Ltd. raised $534,829 from 72 victims, falsely promising to invest funds in bitcoin and other assets
FTC Sending More Than $470K to People Duped by Bitcoin Funding Team, My7Network Scams
4.11.2020
Most of the the participants in the schemes failed to recoup their initial investments, the FTC said
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
Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’
29.10.2020
Jesse Powell, chief executive officer of the world’s fourth-largest crypto exchange Kraken, has criticized decentralized finance (defi) projects, accusing them of being “scams” that enter the market too quickly, unprepared. In a charged Oct. 26 tweet, Powell said...
South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme
27.10.2020
A South African regulator along with the country’s police have reportedly seized electronics devices and computers belonging to two principal members of Mirror Trading International (MTI), an alleged bitcoin Ponzi scheme. The raid at Clynton and Cheri Marks’ home on October 26...
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
Yearn Finance doppelganger scam tries to trick visitors out of their keys
22.10.2020
Scam websites posing as famous crypto projects ask for private keys so they can steal users' funds
Abramoff-linked crypto firm says SEC has no case against it
21.10.2020
Participants of a $5.6 million token sale did not expect a return on investment, the NAC Foundation argued
Latvian regulators warn public about cryptocurrency fraud
19.10.2020
Crypto remains under-regulated, so Latvian investors need to be extra vigilant, says the FCMC
Fool's gold? Peter Schiff's bank under investigation in tax evasion probe
18.10.2020
Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin?
New York polls crypto firms on security measures after Twitter hack
16.10.2020
The New York Department of Financial Services found that crypto firms blocked the Twitter hackers’ crypto addresses within 40 minutes
Escalating DeFi scams tarnishing the crypto yield farming market niche
15.10.2020
With DeFi scams multiplying by the day, industry stakeholders urge investors to prioritize due diligence before investing in any project
YouTube’s sleazy decline into scam promotion
14.10.2020
With great influence comes great responsibility. Unfortunately, YouTube seems to ignore it
12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ?
12.10.2020
The ongoing hype about the abnormally high returns from Defi tokens has naturally seen many more investors moving funds to decentralized protocols. As of October 10, total value locked in Defi protocols was nearly $11 billion. However, despite this apparent endorsement of Defi, rug pulling...
Belgian investors lost $12M to crypto and forex scams last year
12.10.2020
Losses due to crypto scams are on the rise in Belgium
Aussie household name threatens to sue The Guardian over Bitcoin scam ads
9.10.2020
The legal team behind the case called it a “prolific cryptocurrency scam.”
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...
Fraudsters are switching from credit cards to Bitcoin, says consumer protection company
5.10.2020
Scammers are taking advantage of one of Bitcoin's strengths, as once lauded by Satoshi Nakamoto
Security, regulation, and knowledge gaps: Bad crypto news of the week
3.10.2020
Check out this week’s Bad Crypto podcast