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190 Indian Bank Locations Raided in Massive Fraud Crackdown
6.11.2019
India’s Central Bureau of Investigation has reportedly raided over 190 bank locations nationwide in an effort to crack down on fraud involving at least 15 banks. As many as 1,000 officers were involved in what is now one of the largest coordinated searches in India this year. Also read: State...
500.com’s “Blue Paper” Highlights Blockchain Solution for China’s Lottery Fraud
5.11.2019
The leading Chinese online sports lottery service provider, 500.com, has recently released a report that sheds light on how blockchain technology can transform the country’s massive online gambling industry. Dubbed as the “Blue Paper on Blockchain Technology for China’s Lottery Industry,”...
ATM Coin Founders Ordered to Pay $4.25 Million for Fraud
5.11.2019
A U.S. court issued penalties against the team and firms behind ATM Coin for fraud and misappropriation of client funds in case brought by the CFTC
Montnets Group and QLC Chain will Launch Blockchain-based Anti-fraud Product
4.11.2019
Many times mobile users get calls telling them that they have won a lottery, free trip, etc. and all they need to do to claim that reward is to give their bank account details. How do random people get users’ mobile numbers? We tend to share our mobile numbers quite easily. While booking...
Court Orders $4M in Penalties for Investment Fraud Involving ATM Coin
4.11.2019
A New York court has entered an order forcing defendants to pay $4.25 million in penalties for investment fraud involving the “worthless” cryptocurrency ATM Coin
Belgian Regulator Blacklists Another 9 Crypto Websites Suspected of Fraud
1.11.2019
Belgium’s financial watchdog adds another nine suspect sites to its blacklist of crypto-related platforms associated with fraud
Reggie Middleton Reaches $9.5 Million SEC Settlement Over ICO Fraud
1.11.2019
The U.S. Securities and Exchange Commission has reached a $9.5 million settlement with Reggie Middleton, organizer of the fraught Veritaseum initial coin offering
NY Court Orders Veritaseum to Pay Back $8 Million From Illegal ICO
1.11.2019
New York court orders Veritaseum to pay $8.4 million in disgorgement, while its CEO Reginald Middleton is also liable for a $1 million civil penalty
‘Bitcoin of the Middle East’ Scam Lands Canadian Expat in Dubai Jail
1.11.2019
A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent cryptocurrency, billed as the “Bitcoin of the Middle East”
Bitfinex Cries Fraud as Crypto Capital Executive Indicted by US
30.10.2019
How the firm that lost $880 million worth of Bitinex’s funds rose to prominence
Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested
28.10.2019
The operators of Bitfinex claim that the cryptocurrency exchange is a victim of fraud committed by its payment processor Crypto Capital. The men behind Crypto Capital now face charges related to money laundering in Poland and the U.S. Also Read: Tether Created ‘Largest Bubble in Human...
Crypto Capital Principal Indicted on Fraud, Confirming Bitfinex Allegations
27.10.2019
Crypto Capital's Oz Yosef has been indicited on three criminal acts, confirming statements made by Bitfinex Friday
Bitfinex Calls Itself 'Victim of a Fraud' in Response to Recent Arrest
25.10.2019
Bitfinex calls itself a “victim of a fraud” in response to a recent arrest at Crypto Capital
Bitfinex Denies Laundering, Says It’s a Victim of ‘Fraud’ by Crypto Capital
25.10.2019
The crypto exchange released a statement Friday denying that it had any part in the payment processor's alleged money laundering
Fraudulent Transactions in Crypto, Explained
22.10.2019
Fraudsters are getting increasingly creative. Here are the common scams facing crypto consumers, and the novel approaches being used to stop them #Sponsored
Victim of $24 Million SIM Swap Case Writes Open Letter to FCC Chairman
22.10.2019
Michael Terpin wrote an open letter to the FCC chairman, requesting to take decisive action against SIM swapping after a hacker stole $24 million
Michael Terpin Urges FCC to Curb Crypto Fraud That Cost Him $24 Million
22.10.2019
Terpin plans to distribute his letter to a major mobile industry conference
Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi
18.10.2019
A Las Vegas man is charged with raising at least $11 million from cryptocurrency investors he promised to trade binary options for, and make gains of up to 300%. According to the charges the money was sent from new clients to previous ones in a classic Ponzi scheme manner. Also Read: Binance to...
ICOs Are Dead But ICO Scammers Are Immortal
16.10.2019
The initial coin offering may have all but died, but the ICO scammer marches on regardless. Whereas legitimate projects have to wrangle with all kinds of challenges including the strength of the market, generating value for investors, creating a real product and actually delivering on the promises...
Crypto and Blockchain News From Brazil: Oct. 6-12 in Review
13.10.2019
This week’s selected cryptocurrency news from Brazil, courtesy of Cointelegraph Brasil