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Pump-and-dump in crypto is an orchestrated fraud that involves misleading investors into purchasing artificially inflated tokens — typically marketed and hyped by paying celebrities and social influencers. Go to Source Powered by WPeMatico
The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the non-fungible space. Go to Source Powered by WPeMatico
Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million of undeclared crypto gains. Tax Authority in Romania Verifies … Read more
Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth 100 Million Rubles Police in the Russian Irkutsk Oblast … Read more
Nearly half of the consumers that reported a cryptocurrency-related scam in 2021 said it started with an ad, post, or message on social media. Go to Source Powered by WPeMatico
Dmitry Vasiliev, co-owner and former chief executive of the now defunct Russian crypto exchange Wex, has been arrested upon entering Croatia, local media reported. The crypto entrepreneur is wanted by Kazakhstan where he is accused of stealing money from an investor. Wex Executive Vasiliev Apprehended at the Airport in Zagreb Belarus-born Dmitry Vasiliev, former CEO … Read more
Since the jump online, financial institutions and their patrons have been victims of cybercriminals. In fact, financial organizations and all types of businesses can be susceptible to fraud. Fraud can take many different forms, but it can be split into three main types: misappropriation of assets, bribery, and false statements on financial statements. Although this … Read more
Ruja Ignatova, mastermind of the notorious pyramid Onecoin, is now one of Europe’s most wanted fugitives. Also known as the “Crypto Queen,” she disappeared almost five years ago, after the Ponzi scheme she led collected billions of dollars from defrauded investors around the world. Europol Seeks Information on Onecoin Inventor’s Whereabouts The European Union Agency … Read more
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot topics of the day, including the sanctions theme. Pyramids Offer Russian Investors Ways to Circumvent Western Sanctions Amid growing financial uncertainty, Ponzi … Read more
The Brazilian Senate has approved a recently presented cryptocurrency policy, advancing the project to discussions in the deputy chamber. The proposal will have to be greenlighted by the deputies of Congress and signed by President Jair Bolsonaro to be approved as law. The project presented is the result of the fusion of several law projects … Read more
