OneCoin Crypto Ponzi Scheme Used Fake Reviews to Improve Its Image
When bad press surrounding the scam started circulating, Onecoin used fake positive reviews TrustPilot and Quora to try to protect its public image Go to Source Powered by WPeMatico
ponzi
Auto Added by WPeMatico
The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors
In late 2019, the remnants of multi-level Ponzi scheme Onecoin crumbled. However, Onecoin’s founder, dubbed the ‘crypto queen,’ Ruja Ignatova, remains on the run and law enforcement haven’t caught up with her yet. Moreover, police are investigating two churches in New Zealand that allegedly have links to the Onecoin operation and founders. Also read: Onecoin … Read more
China Saw $11.4 Billion in Crypto-Based Capital Flight Last Year
On January 8, China-based blockchain security firm Peckshield published its “2019 Global Digital Asset AML Research Report” noting a variety of crypto trends throughout the year. According to the study, cryptocurrency-based capital flight stemming from China was around $11.4 billion in 2019. Peckshield’s research recorded a number of illegal or otherwise unregulated transactions over the … Read more
Plustoken Cash-Outs Could Be Behind BTC Price Drop, Says Report
On Monday, the blockchain surveillance company Chainalysis published an excerpt from the firm’s upcoming crime report that will publish in January. According to the Chainalysis research, the Ponzi scheme called Plustoken not only defrauded investors out of $3 billion but the scam “may also be driving down the price of bitcoin.” Also read: Mystery Surrounds … Read more
Onecoin Websites Suspended as the $4 Billion Ponzi Crumbles
The MLM monitoring publication behindmlm.com revealed on Dec. 1 that the infamous Ponzi scheme Onecoin’s website onecoin.eu has gone offline. According to the domain host Eurid, the onecoin.eu domain name is currently “under legal investigation.” Onecoin’s website going offline follows the recent arrest of the operation’s cofounder Konstantin Ignatov. Also read: Part Deux! Onecoin Buyer … Read more
From $10M to Zero in 10 Days: ETH Smart Contract FairWin Is Empty
From $10M to zero in 10 days: Ethereum smart contract FairWin is empty Go to Source Powered by WPeMatico
Report: Ethereum’s Gas-Guzzling Suspected Ponzi FairWin Funds at Risk
Ethereum’s most gas-hungry contract, dubbed FairWin, can allegedly be drained by insiders and contains critical vulnerabilities that purportedly put funds at risk Go to Source Powered by WPeMatico
Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’
On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin Ignatov and Ruja Ignatova with a slew of charges in connection with defrauding investors. Konstantin Ignatov … Read more
Bitconnect Faces Consolidated Class Action Complaint
More than a dozen lawsuits targeting Bitconnect have been merged into a single case, following the submission of an Amended Consolidated Class Action Complaint on Thursday. The newly combined complaint has been filed with the U.S. District Court for the Southern District of Florida. Also Read: Venezuela Authorizes 6 Exchanges to Sell National Cryptocurrency Petro Amendment … Read more
Bad Cryptocurrency Projects Have Squandered Millions of Dollars
Cryptocurrency scams take many forms. But one thing they all share is the goal of enriching their founders at the expense of investors. If a crypto project is “investing” a large portion of its capital into lavish parties, PR stunts and marketing, there’s a strong chance that it’s a scam. Also read: Debit Card Issuer Bitnovo … Read more
