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PortuguêsThe Chinese authorities dismantled a significant crypto-related scam in Wenzhou. The scheme amassed over 100 million yuan ($14.31 million), which was seized along with a number of luxury cars and…
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Continue ReadingThe Cardano Foundation — the organization behind major cryptocurrency Cardano (ADA) — warned that a suspicious firm is trying to rake in investments by claiming it has contacts with the…
Continue ReadingJon Barry Thompson, the accused operator of a fraudulent crypto escrow service that defrauded $7 million from two customers, is expected to enter a guilty plea — with prosecutors aiming…
Continue ReadingDeutsche Bank was recently ordered to pay a $150 million fine for “significant compliance failures” in its relationship with alleged child sex trafficker, Jeffrey Epstein. The Bitcoin community on Reddit…
Continue ReadingIn a July 7 interview with predecessor Jim Newsome, current Chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert ran down a list of pending concerns standing between cryptocurrencies…
Continue ReadingDouble-spending is an issue that has existed ever since Bitcoin’s (BTC) inception, and according to a recent report from ZenGo, it still persists across cryptocurrency wallets such as BRD, Ledger…
Continue ReadingGifts and Remittances: Bitcoin.com’s New Tools Allow People to Send BCH via Email This month Bitcoin.com launched two services that help facilitate bitcoin cash adoption and crypto remittance via email.…
Continue ReadingWillie Breedt, a South African national accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme, has reportedly been forced into bankruptcy by a…
Continue ReadingWillie Breedt, CEO of cryptocurrency investment firm VaultAge Solutions, has been officially declared bankrupt while on the run from angry investors. Disclosure The leader in blockchain news, CoinDesk is a…
Continue ReadingIn addition to the obvious advantages in the form of anonymity, accessibility, ease of use and low cost of transactions, cryptocurrencies have some serious drawbacks that impede their global adoption.…
Continue ReadingSome of the most impactful frauds in modern history, from the Enron scandal to the Bernie Madoff investment scheme, were carried out by malignant actors inside or at the helm…
Continue ReadingShortly after lifting the country’s Telegram ban, Russian authorities began investigating potentially fraudulent offerings involving the company’s unlaunched token, Gram. The token was at one time meant to serve a…
Continue ReadingA report released by major crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. In the report published on June 30, the exchange explained that its…
Continue ReadingThe UK High Court has appointed the Official Receiver as liquidator of the cryptocurrency trading platform, GPay Ltd. According to an announcement published by the UK Insolvency Service on June…
Continue ReadingSouth Korean authorities are investigating a complaint filed by 950 investors who claim to be victims of a crypto-related ponzi scheme. According to TV Chosun, police are looking into reports…
Continue ReadingFraudulent websites successfully have stolen the personal records of a number of individuals from the U.K., Australia, South Africa, the U.S., Singapore, Malaysia, Spain, and more. The attack was executed…
Continue ReadingSergey Medvedev, a Russian national who operated a digital currency escrow service for the $568 million payment card fraud forum he founded in 2010, pleaded guilty to racketeering charges in…
Continue ReadingShareholders in German fintech Wirecard are taking legal action against Big Four auditor EY in the fallout from the scandal now engulfing the company. Earlier this month, the auditor had…
Continue ReadingWirecard’s subsidiary responsible for issuing debit cards, Wirecard Card Solutions Ltd., has been suspended by the United Kingdom’s Financial Conduct Authority, or FCA. According to a statement issued on June…
Continue ReadingOn June 25, the United States Securities and Exchange Commission charged the issuer of AML Bitcoin — not to be confused with Bitcoin itself — with conducting a fraudulent offering.…
Continue ReadingTroubled fintech company Wirecard, which powers many of the crypto debit cards on the market, has reportedly filed to open insolvency proceedings. As reported by Wall Street Journal and others,…
Continue ReadingA judge has granted a motion from the U.S. attorney’s office to pause the SEC’s action against Edit Pardo and Boaz Manor for their involvement in the alleged $30 million…
Continue ReadingYou’ve seen it before: A site that promises instant returns on your small crypto investment. It looks legitimate with all the happy customer testimonials, FOMO-inducing promises and easy-to-use dashboards that…
Continue ReadingFunds from the infamous Chinese-based PlusToken ponzi scheme are moving once again, but they’re being blocked by Ethereum’s block congestion. According to Whale Alert, funds from a known PlusToken Ether…
Continue ReadingA federal judge ordered Eran Eyal, the founder of the Shopin cryptocurrency, to pay $450,000 in fines last week as a result of allegations he committed fraud. The U.S. Securities…
Continue ReadingThe former chief executive officer of Wirecard, a German fintech company, has been detained by Munich police after being charged with misrepresenting the company’s balances. As reported by Reuters and many…
Continue ReadingA wallet associated with alleged crypto Ponzi scheme PlusToken has moved 26,316,339 EOS tokens (worth over $67 million as of press time) to an anonymous crypto wallet created less than…
Continue ReadingAustralians filed 1,810 reports of cryptocurrency-related scams in 2019, collectively totaling more than $21.6 million AU ($14.9 million USD). According to a study by Scamwatch, an arm of the Australian…
Continue ReadingThe United States Securities and Exchange Commission (SEC) has halted activity of another alleged cryptocurrency-related scam stealing millions of dollars from investors. According to a SEC’s announcement on June 19,…
Continue ReadingThe U.S. Securities and Exchange Commission (SEC) moved on Friday to halt an allegedly-fraudulent digital asset investment fund run by two Pennsylvania brothers. The SEC announced Friday that it had…
Continue ReadingIn August 2010, a bug in the Bitcoin network that allowed large transactions to be added to the ledger without proper verification was identified by a hacker. The hacker generated…
Continue ReadingThe hottest Ethereum topic in June so far has been mysterious transactions that involved millions of dollars being paid to transfer small-to-medium amounts of Ether (ETH) — an activity which…
Continue ReadingMajor fintech company WireCard, which issues Crypto.com’s debit cards, has fallen into controversy as some of its employees appear to have defrauded the company. As reported by the Financial Times…
Continue ReadingThe last two years have witnessed a hefty uptick in crypto-centric ransomware attacks. Not only are bad actors becoming more refined, but they are facilitating access to other, less sophisticated…
Continue ReadingRuss Albert Medlin — co-founder of alleged crypto Ponzi scheme BitClub — was arrested in South Jakarta under accusation of sexual assault on minors. Local news outlet Jakarta Globe reported…
Continue ReadingThe co-founder of the Centra Tech crypto project that at one time garnered A-list celebrity endorsements but was later called a scam in court, pleaded guilty Tuesday for conspiring to…
Continue ReadingGiving the opening remarks during a U.S. House meeting on illegal digital activities, Representative and subcommittee chair Emanuel Cleaver (D-MO) noted a major jump for online crime in 2020. “We…
Continue ReadingThe United Kingdom Advertising Standards Authority (ASA) and the Internet Advertising Office (IAB) launched a new system on June 16 to detect and remove online fraud ads. According to the…
Continue ReadingIndian police have registered a case against five individuals suspected of involvement in a cryptocurrency scam that has defrauded investors since 2017. Despite operating for several years, the scammers are…
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