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US ramps up enforcement actions against global crypto scams
17.9.2020
The U.S. Justice Department has announced sanctions against two Russians, and the arrest of two Malaysians, over separate seven-figure crypto scams
From Call Centers to Cryptos: India’s Scammers Don't Seem to Stop
11.8.2020
As cryptos gain ground in India and Bitcoin price spikes, Indian scammers are likely to make the most of the opportunity
How Billion-Dollar Crypto Scams Lure Victims
25.7.2020
In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico. According to reports, the two Oscar Brito Ibarra and Ignacio Ibarra may have been kidnapped and murdered but the motives behind their murder is unclear. Onecoin is one of the biggest...
Crypto Scammers Steal $381 Million in 2020, While Twitter Hackers Direct Funds to Mixers
24.7.2020
Cryptocurrency related scams have taken a total of $381 million from victims so far this year. This figure makes crypto scams the largest category of cryptocurrency-related crimes so far in 2020. Chainalysis data still shows current figures are well below those seen in 2019. In 2019, scams...
Crypto Scammer on the Prowl as YouTube and Twitter Become Central to Bitcoin Scams
23.7.2020
Bitcoin giveaway scammers are getting away with Bitcoin
A Guide on How to Identify Cryptocurrency and ICO Scams
8.12.2019
It will not be wrong to say that ICOs or the Initial Coin Offerings form the backbone of the cryptocurrency arena. Despite facing the slump in 2018, the digital currency space failed to lose its charm and dominance in the market space. More than a dozen new cryptocurrency projects are introduced...
Mark Scott Laundered 400 Million Dollars in Crypto Scam, Says Counsel
21.11.2019
Mark S. Scott, a former Locke Lord LLP associate, was paid 50 million dollars by Ruja Ignatova, the fugitive head of the worldwide OneCoin Cryptocurrency scam. A Counsel told a jury that a lawyer on trial for manipulating 400 million dollars out of a huge cryptocurrency scam was inspired by...
CoinUp Officials Sentenced for Fraudulent Crypto Schemes
13.11.2019
CoinUp, the reputed cryptocurrency exchange from South Korea, is yet again taking the internet by storm, but this time for all the wrong reasons. According to a news report, several officials (60 to be more precise) from the CoinUp cryptocurrency exchange were arrested for a fraudulent...
OneCoin Scam Accused Lawyer’s Trial to Begin in New York
6.11.2019
The trial process of a US-based lawyer named Mark Scott, who was recently blamed for being involved in embezzlement of the proceeds from the notoriously famous OneCoin cryptocurrency “scam,” has started in the New York City. According to the reports describing the allegations imposed on the lawyer...
‘Cryptocurrency Wizard’ Assaulted and Imprisoned in 500M Fraud Case
5.9.2019
A man about 48-year-old arrested for his part in a 500m baht exchange fraud in Bangkok this Wednesday evening. The man named Mana Jumuang was found playing football at the time of arrest in a field by Rama IX Road in the district of Huai Khwang. The news came out from the commander of crime...
Sextortion-A New Name with Old Intent Ramps up with Bitcoin Scam Email
8.8.2019
The blackmailing plot gets thicker when the extortion gets personal. Scammers are extorting money against the threat of leaking the sensitive photos of the user. Australians are becoming the target of this nasty game. It is almost a vicious cycle as the more money is surrendered to...
Over 55,000 Brazilians Conned For $200 Million By Fake Cryptocurrency, As Crypto Frauds Refuse To Die
23.5.2019
Crypto related frauds continue to be a headache for the market. Another one pops out its head from Brazil, where a fake cryptocurrency scams over 55,000 investors. The estimated fraud value is said to be over $200 million. The primary for crypto scams has been the lack of awareness among investors....