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Following alleged fraud accusations, Canadian blockchain firm Vanbex filed a lawsuit against its former contractor for defaming the firm Go to Source Powered by WPeMatico
Scams and get-rich-quick schemes are nothing new in the world of cryptocurrencies. In the past few months, there has been a notable increase in so-called Bitcoin HYIPs. A high-yield investment program is a very common scam, especially on the internet. Below are a few tips to easily snuff out such Bitcoin HYIPs and avoid dealing … Read more
During the first week of April, news.Bitcoin.com reported on a large swarm of darknet market (DNM) users flocking from Dream to the Wall Street marketplace. However, the migration hasn’t been as successful as it may have first seemed, with some vendors alleging that Wall Street has pulled an exit scam and ran off with $30 … Read more
Some issuers of initial coin offerings have started to change the terminology they use to refer to their token sale in a bid to evade the attention of regulators – the hawkish U.S. Securities and Exchange Commission (SEC) in particular. With research finding that fewer than half of ICO projects make it past the first … Read more
The operator of alleged crypto investment scam CabbageTech has been indicted on nine counts of wire fraud Go to Source Powered by WPeMatico
Morgan Rockcoons, aka Morgan Rockwell, has pleaded guilty to selling land he didn’t have and selling BTC without a money transmission license in the U.S. Go to Source Powered by WPeMatico
A U.S. District Attorney has charged the founders of the OneCoin project with “wire fraud, securities fraud, and money laundering offenses” Go to Source Powered by WPeMatico
The British Financial Conduct Authority has issued a warning against Next Coin Market, which falsely claimed to be authorized with the regulator Go to Source Powered by WPeMatico
Back in 2014, a group led by a woman named Ruja Ignatova created a Ponzi scheme called Onecoin which, together with the organization Onelife, defrauded billions from 3 million people. At peak popularity, the group declared that Onecoin would be a “Bitcoin killer” but the pyramid scheme is now in ashes and many of its … Read more
Police in Mumbai have busted a gang allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $14 million). The gang targeted people by launching a cryptocurrency called Cashcoin and sold it to investors, promising to double their money. Also Read: Indian Blockchain Summit Draws Policy Makers to Speed up Crypto Regulation … Read more
