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PortuguêsThe U.S. Securities and Exchange Commission charged a former Texas pastor and his wife for allegedly defrauding hundreds of investors through an alkaline water-backed cryptocurrency, TeshuaCoin. Larry Donnell and Shuwana…
Continue ReadingThree alleged cryptocurrency traders ran a Ponzi scheme which scammed more than 100 investors for over $35 million, according to a lawsuit filed by an entity formed by the victims…
Continue ReadingFrench international soccer striker Kylian Mbappé filed a complaint on March 31 for the unauthorized use of his name on a cryptocurrency scam network, which is being investigated by local…
Continue ReadingRipple Labs announced a donation of $200,000 to two different non-profit organizations on March 25. These donations will aid in the fight to contain the spread of the coronavirus throughout…
Continue ReadingThe United States government has stood by its evidence presented against alleged OneCoin money launderer and former attorney Mark Scott. In a memorandum filed on March 24, the government responded…
Continue ReadingThe Texas State Securities Board (TSSB) has issued a warning on March 23 about crypto scams that have emerged in the wake of the COVID-19 pandemic. The report refers to different…
Continue ReadingDespite YouTube’s many aggressive actions against cryptocurrency-related content, the world’s most popular video-hosting website is apparently having trouble discovering a major scam account involving crypto. On March 23, the crypto…
Continue ReadingUnited States derivatives markets regulator, the Commodity Futures Trading Commission (CFTC), has joined the list of global authorities warning the public against cryptocurrency scammers trying to capitalize on the widespread…
Continue ReadingThe Securities and Exchange Commission (SEC) has pressed charges against a former state senator for his role in a $4.3 million token sale that promised outlandishly high returns. The SEC…
Continue ReadingOn March 18, Attestiv, a firm combating digital fraud and deep-fakes using blockchain technology, announced that it had secured funds exceeding $2 million in a seed offering. Cointelegraph recently spoke…
Continue ReadingTwo Canadian nationals have been sentenced to two years in a United States federal prison for stealing 23.2 Bitcoin (BTC) through a scam on Twitter in 2017. According to the…
Continue ReadingTwo Canadian nationals have been sentenced to two years in a U.S. jail for stealing bitcoin from an Oregon resident through a Twitter scam. Karanjit Singh Khatkar, and Jagroop Singh…
Continue ReadingCryptocurrency scams in 2019 were more risky for U.S. residents than fraud involving romance or payments. That’s the conclusion of a report released last week by the Better Business Bureau…
Continue ReadingA report published by the Better Business Bureau (BBB) says that cryptocurrency-related scams are continually growing, becoming the second most risky of 2019 among North Americans. According to research from…
Continue ReadingFollowing a successful rollout in Shenzhen last year, China’s blockchain invoicing system is being introduced to the capital. On March 2, the Beijing Municipal Office of the State Administration of…
Continue ReadingThe iFinex–Tether market manipulation lawsuit continues. Last week, Judge Katherine Failla of the Southern District of New York selected Roche Cyrulnik Freedman as interim lead plaintiff counsel, and four civil…
Continue ReadingA site as hugely influential as Twitter should ideally take a balanced and responsible approach when suggesting blue check accounts and other popular influencers to follow in the crypto space.…
Continue ReadingZachary Salter, the co-founder of Zima Digital Assets alongside 28-year-old John Caruso, has pleaded not guilty to charges of money laundering and conspiracy to commit wire fraud in his arraignment…
Continue ReadingThe Swedish government is reacting to an alleged Bitcoin fraud scheme that targeted vulnerable people in Sweden, Australia, New Zealand and the U.K. Ukrainian officials were informed of the allegations…
Continue ReadingSweden’s foreign minister has called for Ukraine to act following the exposing of an alleged cryptocurrency fraud operation duping naive investors from the country’s capital. The so-called “fraud factory,” working…
Continue ReadingThreatFabric, an Amsterdam-based cybersecurity firm specializing in threats to the financial industry, has identified the “Cerberus” Trojan that steals 2-Factor Authentication (2FA) codes generated by the Google Authenticator app for…
Continue ReadingThe owner of a top-tier Australian football club has walked away from buyout negotiations with a controversial cryptocurrency company. Owner Tony Sage confirmed Monday a deal to sell 80 percent…
Continue ReadingA former employee at Microsoft has been found guilty of 18 federal felonies in connection with a complex scheme to embezzle $10 million using cryptocurrency. The man — a 25-year…
Continue ReadingWells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years.…
Continue ReadingEarlier this week, the decentralized lending protocol bZx was exploited in back-to-back “flash loan” attacks. While the two exploits were distinct, the end results remained the same. In total, $954,000…
Continue ReadingReginald Fowler, an alleged operator behind payment processor Crypto Capital, was charged with wire fraud Friday, on top of existing charges of bank fraud, operation of an unlicensed money transmission…
Continue ReadingBelgium’s Financial Services and Markets Authority (FSMA) has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity. The FSMA made the update following a number of complaints from Belgium-based…
Continue ReadingSteve Chen, the mastermind behind the $147 million Gemcoin cryptocurrency scheme, has admitted to wire fraud and tax evasion in a plea agreement. The 62-year-old Southern California resident agreed that…
Continue ReadingSteve Chen, the ringleader behind the $100 million-plus Gemcoin fraud of 2013-2015, agreed to plead guilty Wednesday to tax evasion and conspiracy to commit wire fraud. The 62-year-old resident of…
Continue ReadingThe 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when…
Continue ReadingA new extortion scam targeting website owners serving banner ads through Google‘s AdSense program has begun circulating the Internet. The malicious scheme demands Bitcoin (BTC) in exchange for preventing an…
Continue ReadingIt’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast…
Continue ReadingThe U.S. Commodity Futures Trading Commission (CFTC) is suing an alleged Ponzi scammer on claims he and his company raised half a million dollars for cryptocurrency investments, which instead went…
Continue ReadingThe U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the U.S Attorney for the Southern District of New York have charged Ohio resident Michael Ackerman…
Continue ReadingThe nature of cryptocurrency fraud is shifting away from exchange hacks, and toward Ponzi-style frauds, pyramid schemes and exit scams. A massive 533% rise in the value of such crimes…
Continue ReadingTimothy Peterson, CFA at Cane Island Alternative Advisors, tweeted about Coinmetrics’ recent findings on Bitcoin SV (BSV) transactions, which show extremely high levels of wash trading. Bitcoin Satoshi’s Vision, or…
Continue ReadingFrench, Belgian and Israeli investigators have brought down a scheme that defrauded €6 million ($6.64 million) from French and Belgian citizens, a Jan 29. press release from Europol reads. The…
Continue ReadingResearch conducted by the Digital Forensic Research Lab (DFRLab) of the Atlantic Council think tank suggests that the infamous cryptocurrency-themed Ponzi scheme OneCoin used fake reviews on TrustPilot and Quora…
Continue ReadingThe four class-action suits against Bitfinex, Tether and parent company iFinex over alleged market manipulation leading to Bitcoin’s (BTC) 2017 bull market have been consolidated — with implications for every…
Continue ReadingAccording to a recent letter filed by Mark Scott’s counsel, the OneCoin co-conspirator is trying to get his sentencing postponed until the 21st of April. The crypto space is filled…
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