New York Resident Indicted for Crypto Scam, Charged With Wire Fraud
U.S. authorities have charged a New York resident with wire fraud for misusing investors’ funds in a digital currency scheme dubbed Igobit Go to Source Powered by WPeMatico
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Belgian Regulator Blacklists Another 9 Crypto Websites Suspected of Fraud
Belgium’s financial watchdog adds another nine suspect sites to its blacklist of crypto-related platforms associated with fraud Go to Source Powered by WPeMatico
NY Court Orders Veritaseum to Pay Back $8 Million From Illegal ICO
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 Go to Source Powered by WPeMatico
‘Bitcoin of the Middle East’ Scam Lands Canadian Expat in Dubai Jail
A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent cryptocurrency, billed as the “Bitcoin of the Middle East” Go to Source Powered by WPeMatico
Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested
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 History’ Claims Lawsuit Against Bitfinex Crypto Capital Leadership Accused … Read more
Fraudulent Transactions in Crypto, Explained
Fraudsters are getting increasingly creative. Here are the common scams facing crypto consumers, and the novel approaches being used to stop them #Sponsored Go to Source Powered by WPeMatico
Victim of $24 Million SIM Swap Case Writes Open Letter to FCC Chairman
Michael Terpin wrote an open letter to the FCC chairman, requesting to take decisive action against SIM swapping after a hacker stole $24 million Go to Source Powered by WPeMatico
Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi
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 Add Bitcoin … Read more
ICOs Are Dead But ICO Scammers Are Immortal
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 they make, the soulless scammer is unencumbered by … Read more
Crypto and Blockchain News From Brazil: Oct. 6-12 in Review
This week’s selected cryptocurrency news from Brazil, courtesy of Cointelegraph Brasil Go to Source Powered by WPeMatico
