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Algorand Targets Insurance Fraud With New Partnership
21.5.2020
Blockchain firms Algorand and Attestiv are teaming up to fight insurance fraud using DLT
Chinese Police Arrest 12 Fake ‘Huobi Officials’
21.5.2020
Chinese authorities have busted a group of scammers allegedly claiming to be “Huobi officials”
Block.one Failed to Decentralize EOS, Argues New Securities Fraud Lawsuit
19.5.2020
The plaintiffs – a crypto fund and an individual investor – are seeking compensatory damages from Block.one and other defendants
Wangiri Fraud Can be Controlled Through Blockchain Technology
18.5.2020
The Wangiri fraud, or the popularly known one ring scam, is still the talk of the town. The telecom operators are still extremely concerned about scams. Based on the fraudulent analysis by CFCA 2019, it is calculated that Wangiri comes under the top 5 methods of fraud. According to the CFCA...
Overstock Files to Dismiss ‘Meritless’ Fraud Lawsuit Over Its Security Token Sale
14.5.2020
The e-commerce giant is hoping to persuade a judge in the Utah District Court to throw out a class-action securities fraud lawsuit, claiming the defendants have not backed up their allegations with evidence
Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes
12.5.2020
A social media account for the People’s Bank of China is warning citizens against illegal fundraising schemes that involve virtual currencies and blockchain
Belgium Losing $3.2M to Crypto Fraud in 2019 Is ‘Tip of the Iceberg’
8.5.2020
Belgium’s economic inspectorate reported $3.2 million in losses due to cryptocurrency fraud in 2019
CFTC Claims ‘Massive Fraudulent’ Scheme Defrauded Investors of $20M
7.5.2020
The CFTC alleged three individuals and affiliated entities defrauded crypto and binary options investors out of $20 million over 5 years
DeFi’s Recent, Costly Setbacks Serve as Lessons for the Sector
7.5.2020
After a meteoric rise, DeFi has suffered several high-profile setbacks. The question is not about whether it will recover, but what needs to be done to ensure recovery
CFTC Charges Multiple Firms for $15 Million Crypto and Binary Options Scam
7.5.2020
U.S. and Israel-based firms were charged for promoting fake investment schemes and defrauding customers of $15 million
Onecoin Lawsuit Continues: Judge Lifts Stay Order, Investigators Search for ‘Crypto Queen’
4.5.2020
In mid-April, news.Bitcoin.com reported on the unsealed indictment tied to the Onecoin cofounder Sebastian Greenwood. At the same time, U.S. Judge Valerie Caproni had placed a stay order on the case against Greenwood, Konstantin Ignatov, Mark Scott and David Pike. Now Judge Caproni has lifted...
Famous Venezuelan Entertainer Quits Acting to Lead Controversial Crypto Startup
1.5.2020
Fernando Carrillo is looking for opportunities in the crypto sphere after a long-time career acting in TV and film
Crypto Fund Manager Sued Over Alleged Fraud and Deception
28.4.2020
A cryptocurrency investment management company allegedly lured investors into a fraudulent fund, using the capital for personal gain, according to new complaint
Co-founders of ICO Startup Admit to Stealing Business From Their Own Company
24.4.2020
An ICO startup has sued its co-founders for creating a clone that illegally sold the same products
SEC Sues Dropil Founders for Fraud After $1.8M Token Sale
24.4.2020
The SEC has charged three California residents with defrauding investors of $1.8 million through an unregistered token sale
Community Fraud Site Tracks 8.5M XRP Lost to Giveaway Scams
24.4.2020
Scammers have taken XRP holders for nearly 8.5M tokens since 2019 using fake airdrops and YouTube giveaways, according to a community fraud prevention site
Crypto Sextortion Scams Prove to Be Alarmingly Successful
22.4.2020
An in-depth analysis made by SophosLabs noted the profitability of crypto sextortion scams for cybercriminals
America’s Banks Can Simply Bail Themselves Out – Thanks to the Fed’s $27 Trillion Blackrock Deal
20.4.2020
Mainstream media has been awfully quiet about all the fraud and manipulation stemming from the global bureaucracies’ newly enacted covid-19 reaction policies. In the U.S. amid all the commotion and fear, the Federal Reserve granted special powers to the giant private equity firm Blackrock....
Florida Man Charged Over $1.6M ‘Compcoin’ Scam
17.4.2020
After promising investors exorbitant returns through ‘proprietary trading algorithms’, the defendant left customers holding worthless ‘Compcoins.’
CFTC Charges Florida Resident With Defrauding Crypto Investors Out of $1.6M
16.4.2020
The CFTC alleged Florida resident Alan Friedland defrauded investors out of $1.6 million, promising returns through his “Compcoin” token and an algorithmic trading software which never materialized