From Ponzi Schemes to ICO Exits, Ethereum’s Blockchain Has Been the Platform of Choice for Scammers
ETH scams trends have changed dramatically over the past 24 months, and this seems likely to continue Go to Source Powered by WPeMatico
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Research Reveals $1.7 Billion Obtained via Crypto Thefts and Scams in 2018
A newly published report reveals that about $1.7 billion in cryptocurrency had been obtained via illicit means in 2018 Go to Source Powered by WPeMatico
Ethereum-Based Scam Revenue More Than Doubled in 2018: Report
A recent Chainalysis report reveals that the number of Ethereum-related scams declined in 2018, but that they were more lucrative Go to Source Powered by WPeMatico
Silver Miller Files Lawsuit Against Creator of Alleged Crypto Ponzi Scheme
U.S. crypto-focused law firm Silver Miller has filed a lawsuit against a purported crypto hedge fund manager who was allegedly operating a fraudulent Ponzi scheme Go to Source Powered by WPeMatico
Israel: Former PM Calls Crypto a ‘Ponzi Scheme,’ But Underlines Importance of Blockchain
Israeli ex-PM compares cryptocurrencies to Ponzi schemes, but underlines the importance of blockchain technology Go to Source Powered by WPeMatico
US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million
A U.S. federal court has fined a New York firm and its chief executive officer over $2.5 million in the first anti-fraud action involving bitcoin filed by the Commodity Futures Trading Commission. The Ponzi scheme involved a fake pooled investment strategy and a “fake computer ‘hack’ that supposedly caused the loss of nearly all customer funds,” … Read more
5 Interesting BitConnect Facts You May Have Missed
Most cryptocurrency enthusiasts are all too familiar with the concept of BitConnect. For most of the people who invested in this scheme, things have not ended all that well. Some interesting key facts have come to light regarding this prominent Ponzi Scheme, courtesy of the BehindMLM team. A lot of surprising facts can be found … Read more
Exit Scam in Wonderland: Bitconnect’s Tentacles From Texas to Gujarat
Cointelegraph traces Bitconnect’s tangle of high crimes and misdemeanours in the Indian state of Gujarat Go to Source Powered by WPeMatico
GAWMiners CEO Joshua Garza Sentenced to Almost 2 Years in Prison
The cryptocurrency industry has seen its fair share of scams and nefarious projects over the years. GAW Miners, a project spearheaded by Homero Joshua Garza, is one of the biggest scams to date. Garza now finally faces a two-year prison sentence for his $9m Ponzi Scheme which gave cryptocurrency an even worse reputation. Garza Finally … Read more
CEO Behind GAW Miners, PayCoin Ponzi Scheme Sentenced to 21 Months in Prison
The CEO of now-defunct U.S. crypto firm GAW Miners has been sentenced to 21 months in prison and $9.2 million in restitution to investors Go to Source Powered by WPeMatico
