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Police forces in Belgium, France and Israel have reportedly put a stop to an international scam promising high returns of up to 35% on crypto investments. A big French private company and a French local authority are said to be among the 85 victims of this network. In total, 10 suspects related to the case … Read more
Those new to crypto and with money signs in their eyes can easily be taken in by scams, and there are many, thanks to the decentralized nature of bitcoin and the lack of knowledge surrounding it for beginners. Promises of easy and incredible gains thanks to the guidance of some shadowy “bitcoin expert” or auto … Read more
Scammers have continued to target cryptocurrency users for several years now. What is most worrisome is how so many of these scams are becoming more prolific over time. The most recent type of scam is apparently spreading on Facebook and other social networks. Impersonating Anonymous is a Risky Game A group of criminals is distributing … Read more
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
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
Cryptocurrency users are often targeted by criminals and scammers. Particularly emails can prove to be incredibly harmful in this regard. It appears a fair few phishing emails are making the rounds once again. Another Fake Binance Email Appears One of them claims to come from Binance, even though it is clearly not. Anyone who looks … Read more
It now appears that the final nail is put in the HEX project. Despite raising millions in investments, most of the ethereum deposits have been cashed out. The HEX project has been very controversial since day one. Where is the HEX Funds Going? Despite a professional website and plausible explanation of the product, many suspected … Read more
In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud. Also Read: Chinese Regulators Question 8 Crypto Companies in Shenzhen Police Seize … Read more
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
It has been a year since the founder of now-defunct crypto exchange Quadrigacx supposedly died in India. However, some 76,000 victims are still out of millions of dollars. A court-appointed lawyer representing them has now requested an exhumation and post-mortem autopsy in Canada of the dead body, highlighting the need to know if Gerald Cotten … Read more
