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Cloud Token and the Rise of MLM Crypto Projects
29.12.2019
Chinese law enforcement recently busted 72 individuals connected to the Cloud Token (CTO) scam. The Ponzi was similar to the Plustoken fraud and CTO scammers made off with $500 million. According to regional press, the CTO scam artists are likely connected to the Plustoken swindlers. Moreover...
Chinese Police Seize Thousands of Miners, Arrest Dozens of Scammers
25.12.2019
In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud. Also Read: Chinese Regulators...
Russia Is Unhappy About Greece Extraditing Money Launderer Vinnik to France
20.12.2019
Russian Embassy is unhappy about Greece again ruling to extradite the alleged $4 billion Bitcoin launderer Alexander Vinnik to France
Thailand Integrates Blockchain to E-Visa System for Higher Security
19.12.2019
Five million Thailand visitors from 20 countries will soon be able to apply for Visa On Arrival using benefits of blockchain technology
Chinese Crypto Fitness App Reportedly Under Investigation for Fraud
18.12.2019
Chinese regulators are reportedly investigating a crypto fitness app over suspected financial fraud and illegal fundraising
HitBTC Scammers Face Two Years in Jail dor $140K Bitcoin Twitter Fraud
17.12.2019
Another case of Bitcoin fraud involving weak security sees two men steal 23 Bitcoins from a HitBTC user
New York AG Finds It ‘Perverse’ For Bitfinex and Tether to Criticize Investigation
14.12.2019
The New York Attorney General and Bitfinex had it out with each other in filings with the State Supreme Court
Shopin Founder Pleads Guilty to Orchestrating Fraudulent $42 Million ICO
12.12.2019
Shopin founder Eran Eyal pleads guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million
Company at Center of SEC Fraud Probe, Shopin, Promotes its Token Sale
12.12.2019
Shopin, an American blockchain retail startup, appears to be going ahead with a token sale, despite the fact that it has been charged by the regulatory Securities and Exchange Commission (SEC), which has hit Shopin with a civil fraud wrap.
The SEC says that Shopin duped investors in a 2017-2018...
US SEC Charges Shopin Founder With Orchestrating Fraudulent $42 Million ICO
12.12.2019
Shopin Founder and CEO Eran Eyal allegedly spent $500,000 of investor funds on personal expenses
SEC Charges Shopin CEO With Fraud Over Unregistered $42M ICO
11.12.2019
The U.S. Securities and Exchange Commission (SEC) has charged Shopin and its founder Eran Eyal with fraud after a $42 million initial coin offering. The SEC announced Wednesday that Eyal had been charged with defrauding investors by selling unregistered securities in the form of Shopin Tokens....
The State Encourages ICO Fraud. The Free Market Minimizes It
11.12.2019
Many Initial Coin Offerings (ICOs) have been and are frauds. The state enables this con game in various ways, including the establishment of accredited investors and the regulation of businesses that sell equity. Shut off from the most lucrative aspects of investment, average people rush into...
Three Men Arrested for Running Alleged $722 Million Crypto Ponzi Scheme
11.12.2019
New Jersey authorities announce the arrest of three founders of alleged $722 million crypto Ponzie Scheme
US Arrests 3 in Alleged Crypto Mining Pool Fraud Scheme
10.12.2019
U.S. authorities have arrested three members of BitClub Network, alleging the mining pool is a long-running Ponzi scheme
Accused Onecoin Co-Conspirators Fight Criminal Charges in the US
10.12.2019
The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged associate who was found guilty of laundering $400 million has asked a New York judge for more time...
Ugandan Police Hold Director of Alleged $2.7M Crypto Ponzi Scheme
10.12.2019
Ugandan police have reportedly seized Samson Lwanga, a director of Dunamiscoins crypto scam which managed to get $2.7 million from the victims
Brazilian Police Bust Alleged Crypto Fraud That Cost Investors $360M
9.12.2019
Brazilian police have shut down a purported bitcoin investment scheme they allege stole 1.5 billion Brazilian reals
Crypto Pyramid Scheme in Uganda Steals Employees’ Money and Closes
6.12.2019
An alleged crypto pyramid in Uganda stole money from its employees and covertly closed down its offices
PlusToken Effect: Alleged Asian Exit Scam to Blame for Market Decline?
3.12.2019
This exit scam purportedly cost investors $3 billion, and now could be dropping the crypto price market
Criminal Activity in Crypto: The Fact, the Fiction and the Context
30.11.2019
$400 million in XRP is used in illicit activity, how does this stack up against fiat fraud, and is the reputation of the crypto industry beyond saving?