Fraud

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CEO of Korean Exchange Coinnest among Four Arrested for Fraud

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South Korean police have arrested four high-ranking representatives of two cryptocurrency exchanges, including Coinnest’s CEO. They were detained on arrest warrants issued after a fraud investigation, prosecutors said. The executives are accused of embezzling funds belonging to customers and may face additional charges. Also read: Three South Korean Crypto Exchanges Raided for Diverting Funds Suspects … Read more

Floyd Mayweather-Backed ICO Co-Founders Arrested for Fraud

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In what is turning into a real cautionary tale for the cryptocurrency community about the need to be wary of celebrity’s power, along with skepticism about most initial coin offerings (ICOs), the US Securities and Exchange Commission (SEC) announced an ICO endorsed by champion boxer Floyd Mayweather has officially been deemed a fraud. Also read: Trezor … Read more

Wendy McElroy: How Centralized Exchanges Intend to Devastate You

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The Satoshi Revolution: A Revolution of Rising Expectations Section 2: The Moral Imperative of Privacy Chapter 6: Privacy is a Prerequisite for Human Rights How Centralized Exchanges Intend to Devastate You. Chapter 6, Part 6. The root problem with conventional currency is all the trust that’s required to make it work…We have to trust them … Read more

Hacked Cryptocurrency Exchange Youbit Re-Emerges Amid Insurance Controversy

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Cryptocurrency exchange Youbit has reportedly re-emerged after a series of hacks and a bankruptcy filing, amid an insurance claim controversy and civil lawsuits. The exchange continues to operate after it was sold and renamed, local media reported. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Insurance Claim Denied DB Insurance, one of … Read more

Plagiary Is The Worst Cryptocurrency Scam of All

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There’s a 99% chance that you’re reading these words on news.Bitcoin.com. And there’s a 1% chance that you’re reading them on some other cryptocurrency site. It might have a similar name to this one, or it might be called something entirely different. But whatever its name, it wasn’t responsible for producing this content – it … Read more

South Korean Exchange Paying Users to Report Illegal Crypto Schemes

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The Kakao-backed cryptocurrency exchange Upbit has launched a system to reward users for identifying fraudulent multi-level schemes related to cryptocurrencies. The exchange has already identified and reported 20 such schemes to the police. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Reporting Illegal Schemes South Korea’s largest cryptocurrency exchange Upbit has invited … Read more

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