Crypto fraud Archives • Bitcoin Feed News

News.Bitcoin / Mastermind of $147 Million Crypto ‘Scam of Epic Proportions’ Sentenced to 10 Years in US Prison

January 13, 2021 / newsbitcoin

The mastermind of what the U.S. Department of Justice calls a scam of “epic proportions” has been sentenced to 10 years in prison. His crypto scheme collected over $147 million,…

News.Bitcoin / Lawsuit Filed to Stop a Global Cryptocurrency Scam Spreading in India

January 13, 2021 / newsbitcoin

A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to…

News.Bitcoin / The CFTC Asks Court to Issue Fines in Excess of $100M Against Mastermind of a Fraudulent Crypto Scheme

January 11, 2021 / newsbitcoin

The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency…

News.Bitcoin / Mastermind of a Cryptocurrency Scam Arrested in India

January 6, 2021 / newsbitcoin

An alleged mastermind of a cryptocurrency scam has been arrested in India after he fled the country to Dubai. Investors were duped into investing in a cryptocurrency linked to a…

News.Bitcoin / Production of $2.7 Million-per-Episode: South Korean Crypto-Related TV Drama Series Is Set to Start in 2021

December 31, 2020 / newsbitcoin

A major South Korean TV series with crypto and blockchain-related topics is set to launch its production stage at the beginning of 2021, directed by Gemstone Film, in collaboration with…

News.Bitcoin / Crypto Exchange Bitgrail Founder Accused by Italian Police of Faking Hacks That Led to Company’s Bankruptcy

December 23, 2020 / newsbitcoin

Italian police accused a man who ran a cryptocurrency exchange of being responsible for a series of hacks that caused millions in losses as part of an alleged massive fraud…

News.Bitcoin / Mastermind of $25 Million Crypto Debit Card Scheme Sentenced to Prison

December 18, 2020 / newsbitcoin

The mastermind behind a $25 million cryptocurrency debit card scheme has been sentenced to one year and one day in prison, in addition to three years of supervised release. The…

News.Bitcoin / Man Jailed for Role in $25 Million Ponzi Scheme Involving a Failed Crypto

December 10, 2020 / newsbitcoin

Cryptocurrency Indexes Are Set to Launch in 2021 by S&P Dow Jones Indices S&P Dow Jones Indices has made it official: they will launch cryptocurrency indexes in 2021, becoming the…

News.Bitcoin / Nigerian Authorities Put Mastermind of the Inksnation Crypto Scam on Wanted List

November 16, 2020 / newsbitcoin

Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published…

News.Bitcoin / European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the Industry

October 21, 2020 / newsbitcoin

The European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0.0001 per dollar on all cryptocurrency transactions occurring within the EU. The…

News.Bitcoin / Onecoin Victims Join Petition Seeking Establishment of European Crypto Fraud Compensation Fund

October 1, 2020 / newsbitcoin

Onecoin victims have joined a consortium that wants the European Parliament to consider a petition seeking the establishment of a compensation fund. The envisioned EU-administered fund will function as an…