Search
Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint
4.9.2020
Chilean cryptocurrency exchange, Badu.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition...
Ubitquity LLC Announces ClosingBlock Software to Tackle Wire Fraud
3.9.2020
Delaware based enterprise blockchain solution for recordkeeping, Ubitquity LLC, has announced on Thursday the launch of ClosingBlock, a software designed to fight wire frauds. The company stated that the software will go live in the last quarter of 2020, and will help users to make escrowing...
Crypto Exchanges Worried: Police Continue Bithumb Fraud Probe
3.9.2020
Source: Adobe/david_franklin
Further details are emerging about the Seoul Metropolitan Police Agency’s all-day raid on Bithumb, South Korea’s leading crypto exchange on suspicions of fraud and embezzlement.
A Seoul-based employee at a rival South Korean crypto exchange who asked not to be named...
Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case
3.9.2020
South Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder. With the recorded number of visitors to the platform touching 4.11 million between May...
Scam warning as Columbia’s President ‘endorses’ Bitcoin Era
3.9.2020
Not even the Colombian president is exempt from being impersonated by Bitcoin scammers
US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer
3.9.2020
Prosecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi scheme Onecoin launder funds. The U.S. Department of Justice (DoJ) claims that Scott helped...
Self-Help Firm That Mostly Took Bitcoin as Payment Mostly Just Helped Itself, SEC Charges
2.9.2020
Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They'd paid in over a million dollars - mostly in bitcoin
Federal Jury Indicts Three Accused of Posing as Pastors in Alleged $28M Ponzi Scheme
31.8.2020
The accused were also charged by the CFTC and the SEC for allegedly soliciting funds from over 1,000 people for the fake forex and bitcoin trading fund
Another inside job at Shapeshift cost the company nearly $1 million
27.8.2020
An employee allegedly used his credentials at Shapeshift to steal from the company
The leaders of a fake crypto exchange are now behind bars
27.8.2020
Choi and Park lost their last chance not to serve a jail time
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...