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Binance and Oasis Labs Launch Alliance to Combat Crypto Fraud and Hacks
27.8.2020
The aim is a comprehensive database of information gleaned from previous hacks and fraud used to proactively fight future ones. The platform supports Bitcoin, Ethereum, TRX and EOS blockchains
Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key Institutions
27.8.2020
With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge. Some are responding through increased educational campaigns, which they hope will not only turn the tide against scammers but will also...
South Korean Exchange Coinbit Seized Over Allegations of Fraud
26.8.2020
South Korea's third largest crypto exchange, has reportedly been seized by police over allegations it faked transaction volumes
Wirecard scandal fallout sees 50% of German staff laid off
26.8.2020
730 people from Wirecard’s German offices will be given pink slips
Australian Conman Extradited Over Alleged Fraud Involving $1.2M in Bitcoin
25.8.2020
An Australian serial conman has been extradited to New South Wales to face fraud charges involving over $1 million in bitcoin
I would never invest one cent in Bitcoin, says Ryanair CEO
24.8.2020
“Avoid Bitcoin like a plague.”
With Blockchain, Fraud Will Not Be Able to Steal Digital Ad Revenues
23.8.2020
Supply chain transparency is the spanner in the works of the digital advertising machines, but can blockchain help?
CFTC Seeks $429M Penalty Against Ponzi Operator Who Ghosted Them
21.8.2020
While nobody can find the man behind alleged ponzi scheme Control-Finance, the CFTC is asking the court to throw the book at him
OneCoin Founder's Brother Agrees to Testify Against Sister in Settlement
21.8.2020
The OneCoin case now seems to turn the sibling founders against each other
South African Regulator Pressures Bitcoin Investment Company, Urges Clients to Request Refunds
19.8.2020
An embattled bitcoin investment company, Mirror Trading International (MTI)’s troubles took another twist August 18 after the South African regulator, Financial Sector Conduct Authority (FSCA) said that it is investigating the investment company. MTI’s latest conflict with the regulator...
South African Bitcoin-Based Trading Firm Investigated for Fraud
19.8.2020
After promising on its website to “take the hassle out of forex trading by doing it all for you,” a South Africa-based company is now under investigation by the country’s financial regulator, saying that the return figures which the company flashes seem “far-fetched and unrealistic.”
Per a press...
KuCoin Warns of Impersonator Website Offering Incentives to Deposit Crypto
19.8.2020
Impersonation scams continue to permeate the cryptocurrency space
AirBit Club Ponzi Operators Charged With Fraud and Money Laundering
19.8.2020
Proceeds were spent on luxury cars, jewellery and real estate, rather than cryptocurrency mining and trading, shock
Two States Sanction South African Firms for Crypto Debit Card Fraud
18.8.2020
The Texas State Securities Board and Alabama Securities Commission issued cease and desist orders in response to a crypto debit card scam
South African Firms Ordered to Cease and Desist in 2 US States for Crypto Debit Card Fraud
17.8.2020
Two U.S. states have issued emergency cease and desist orders to South African firms and a South African national promoting a cryptocurrency debit card scheme. The companies claim that the card is like a traditional Mastercard but the states say the scheme is fraudulent. South African Firms...
US Regulator Charges Tech Firm, CEO in $5 Million ICO Fraud Case
16.8.2020
The United States Securities and Exchange Commission (SEC) jointly charged Virginia-based Boontech and CEO, Rajesh Pavithran for fraud and registration violations. The charges stem from an initial coin offering (ICO) that raised $5 million from 1,500 investors around the world in exchange for Boon...
UK Crackdown Pulls Thousands of Crypto Scams Offline
14.8.2020
The NCSC has gone scorched earth on crypto scams
Bitcoin Proceeds of COVID-19 Business Support Scheme Fraud Seized
14.8.2020
The $150,000 worth of Bitcoin was allegedly being used to launder money gained through fraudulent support loan applications on behalf of dummy businesses
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?
Cyprus SEC Blacklists 7 Investment and Crypto-Related Websites
11.8.2020
The Cyprus Securities and Exchange Commission blacklists another batch of allegedly illegal firms offering crypto and FX trading