2023-4-4 00:16 |
The firms will compensate the scheme’s victims while fighting for millions in damages from the cross-chain bridge that covered up the token-printing scheme. origin »
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OneCoin's victims were allegedly defrauded of over $4 billion in the scheme, which began operations in 2014.
2023-3-22 19:48 | |
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The scheme's founders and promoters promised victims their money would be invested in a lucrative mining operation, but instead spent funds on cars, jewelry and luxury homes.
2023-3-9 01:01 | |
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OKX will reimburse victims $3 million after an alleged GameFi market manipulation scheme that saw five accounts accrue The post OKX Seizes $2M in USDT From Accounts Allegedly Involved in Market Manipulation appeared first on BeInCrypto.
2023-3-1 01:49 | |
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Randall Crater will pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release.
2023-2-1 05:34 | |
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Today marks bittersweet victory for victims of massive Bitcoin fraud scheme as four key figures involved in conspiracy were jailed
2023-1-16 18:57 | |
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A California judge has ordered $17 million in restitution to be paid out to hundreds of victims of the BitConnect Ponzi scheme, the infamous global scam that collapsed in 2018.
2023-1-14 19:43 | |
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Almost four years after the Bitconnect Ponzi scheme's demise, hundreds of investors will share in $17 million restitution.
2023-1-13 12:27 | |
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The millions will be distributed among the select number of victims, but thousands more were impacted by the $2.4 billion fraudulent scheme.
2023-1-13 07:42 | |
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"They pulled the rug out from under the victims," law enforcement said of the creators of the Frosties NFT collection.
2022-3-24 21:15 | |
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Asa Saint Clair was convicted of wire fraud for devising an investment scheme that swindled hundreds of thousands of dollars from more than 60 victims.
2022-3-18 19:03 | |
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The Bitcoin community is euphoric about the rejection of the EU's plan to ban proof-of-work cryptocurrencies. However, Ripple proponents have used the opportunity to decry regulators' bias.
2022-3-16 21:16 | |
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After my report last week about Huh token being a scam, the team behind the token decided to launch an aggressive marketing campaign on a variety of news publications in an attempt to lure more victims for their scheme.
2021-11-12 02:16 | |
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A Swedish man has been sentenced to 15 years in prison in the U. S. for an investment fraud scheme involving cryptocurrency, including bitcoin. He defrauded thousands of victims of more than $16 million.
2021-7-9 20:00 | |
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Some of those caught up in an alleged $3.6 billion crypto Ponzi scheme are refusing to aid police investigations as they still expect to triple their investments.
2021-6-10 07:40 | |
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Two men have been accused of defrauding 3 women in a scam disguised as a bitcoin investment scheme. The pair allegedly swindled more than 150,000 Malaysian ringgits (almost $37,000) from their victims and now face a plethora of punishments under the country’s stiff penal code if convicted.
2021-2-4 14:15 | |
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A petition has been submitted to the European Parliament, asking to implement a scheme to compensate crypto-related victims. The crimes mentioned in the petition 0421/2020 include fraud, piracy, and extortion.
2021-1-19 13:30 | |
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The Spanish police detained four people of different nationalities this week for allegedly running a $15 million crypto Ponzi scheme. According to the police, “many victims” filed a complaint against them.
2021-1-9 10:10 | |
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The Arbistar case victims’ defense lawyer claims that the overall number of those affected amounts to 32,000 families with at least 93.4 million euros ($113.55 million) in losses. Lawyer in Arbistar Case Reveals Details on Class-Actions Lawsuits Against the Alleged Crypto Ponzi Scheme During an interview with Eldiario, Carlos Aránguez, a Spanish lawyer who represents […] The post Lawyer Who Represents Victims of Alleged Spanish Crypto Ponzi Says It Could Be the ‘Biggest One’ in the Country appeared first on Bitcoin News.
2020-12-16 16:30 | |
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A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme. In addition, the judge ordered Aman to pay over $23 million in restitution to victims who invested in his diamond cutting business and the purported diamond-backed crypto token.
2020-12-10 18:05 | |
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The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims of “tens of millions of dollars.
2020-12-1 16:15 | |
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Kate Winslet is scheduled to star in an upcoming Hollywood movie chronicling the rise and fall of OneCoin, a notorious Ethereum-based Ponzi scheme that raked in $4 billion from victims worldwide. The post Kate Winslet to act in Hollywood flick showing $4 billion Ethereum scam OneCoin appeared first on CryptoSlate.
2020-10-12 14:54 | |
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U.S. authorities are trying to return $6.5 million in bitcoin and tether to the victims of an alleged Ponzi scheme.
2020-8-3 12:00 | |
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Plus Token, Bitconnect, OneCoin, had one thing in common - an investment deal that sounded too good to be true and when something's is too good to be true, it usually is. With One Coin Ponzi, Ruja IgnThe post Why this Bitcoin and Ethereum ponzi scheme garnered billions (in victims and dollars) appeared first on AMBCrypto.
2020-7-6 17:00 | |
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Former pro baseball players and senior citizens are among the victims of a crypto ponzi scheme that defrauded people of at least $7.5 million
2020-2-6 06:47 | |
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Bitmain is allegedly in hot water for selling mining equipment to the notorious BitClub Network, an infamous Ponzi scheme which defrauded victims of over $722M. Recent reports suggest that Bitmain is being asked to rescind its U.
2020-1-21 03:24 | |
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Over 5,000 victims of the alleged crypto pyramid scheme Dunamiscoins petitioned the Ugandan Parliament asking to refund the lost money
2020-1-18 23:16 | |
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20 victims of an alleged $2.5 million cryptocurrency pyramid scheme have appealed to Thailand’s Department of Special Investigation to investigate their case
2020-1-17 14:17 | |
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Ugandan police have reportedly seized Samson Lwanga, a director of Dunamiscoins crypto scam which managed to get $2.7 million from the victims
2019-12-11 16:23 | |
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The New York Southern District Court has denied a request filed against alleged fraudulent digital currency scheme OneCoin and other individual defendants linked to the scheme. The plaintiffs filed their lawsuit about one month ago with the hope of being awarded damages arising from the fraudulent and for alternative service of their complaint. Judge Valerie […]
2019-11-2 22:23 | |
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In March 2019, the United States Attorney’s Office for the Southern District of New York issued a release announcing that the Manhattan U.S. Attorney will be charging the leaders of OneCoin. The release referred to OneCoin as a “pyramid scheme” that involves the sale of “fraudulent” crypto. According to a report by Finance Feeds, the […]
2019-10-23 19:12 | |
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Cryptocurrency investment scams in Australia cost victims a record $14. 76 million between January and July this year. That’s according to the Australian Competition and Consumer Commission (ACCC).
2019-8-13 15:40 | |
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Cryptocurrency scammers continued to swindle funds throughout Q2 2019, netting approximately $4. 26 billion so far this year. According to CipherTrace latest report, insider thefts were by far the largest offenders, netting massive loses on investors and cryptocurrency exchange users.
2019-8-13 12:22 | |
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An Australian citizen who ran an international crypto Ponzi scheme will face justice after police in India finally arrested him - but not before he defrauded victims out of $28 million. 'Hybrid crypto' with low risks and high returns India's Special Task Force (STF) arrested Sydney resident Harpreet Singh Sahni in a hotel near the […] The post $28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail appeared first on CCN Markets
2019-8-8 17:59 | |
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You don’t mess with Bitcoin investors from Ladysmith or, maybe, well, you do, but your house gets torched. After several South Africans lost their money to a Bitcoin Ponzi scheme in the rural town of Ladysmith, they decided to torch the house of the alleged mastermind of the crime, Sphelele “Sgumza” Mbatha. According to reports, […]
2019-7-12 01:40 | |
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After the arrest of Konstantin Ignatova, brother to the highly sought-after CEO of OneCoin, those who fell for the scam are already in court. One of them, believed to have lost more than $700,000 in the scam, has filed a lawsuit, suing the Ponzi scheme.
2019-7-11 17:43 | |
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Angry victims have looted and torched the home of a man who reportedly operated an alleged Bitcoin Ponzi scheme in South Africa. Firefighters in Ladysmith, approximately 365 kilometres south of Johannesburg, were called to Sphelele “Sgumza” Mbatha’s house on Wednesday afternoon after several angry citizens set the building on fire.
2019-7-11 13:23 | |
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Victims of the Wave Field Community Ponzi scheme, which operated on the Tron network, have accused Justin Sun and Tron of being complicit in the crypto scam by remaining silent while the operation played out.
2019-7-9 23:59 | |
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Ponzi schemes in the crypto ecosystem can be traced back to every single bull run that attracted a new wave of naive investors. Although such scams maintain its stronghold within the budding markets, Tron made headlines after being linked to a billion-dollar Ponzi scheme with Chinese investors.
2019-7-8 18:02 | |
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The offices of one of TRON’s Chinese partners was the centre of a fracas today as victims of a scheme that had claimed to be affiliated with the company tried to disturb company employees as they came into work today.
2019-7-9 16:01 | |
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TRON (TRX) founder Justin Sun found himself at the center of a $30 million controversy this week, after burned investors in a Chinese Ponzi scheme claimed Sun was complicit for their losses. Victims of the Ponzi say Sun’s failure to denounce the scheme – which purported to be associated with TRON – caused more damage […] The post Tron’s Justin Sun Didn’t Cause a Suicide – But He Didn’t Stop It Either appeared first on CCN Markets
2019-7-6 16:01 | |
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A Swedish citizen has been charged with securities, wire fraud, and money laundering in a scheme that saw him encourage victims to invest using cryptocurrencies such as Bitcoin In a complaint submitted on March 4, 2019, and unsealed yesterday, Roger Nils-Jonas Karlsson and his company, Eastern Metal Securities (EMS), were charged with engaging in a scheme that defrauded more than 3,500 victims of over $11 million.
2019-6-20 11:49 | |
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While the entire cryptospace is busy celebrating the return of the “bulls,” bad actors have formulated a new scheme aimed at stealing victims’ cryptos and injecting ransomware into their systems. These hackers are now using several websites to push their fake bitcoin (BTC) and ether (ETH) giveaway programs, according to a Bleeping Computer report onRead MoreRead More.
2019-5-28 13:00 | |
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By CCN. com: The United States Attorney’s Office District of Oregon has indicted two Nigerian nationals, Kelvin Usifoh and Onwuemerie Ogor Gift, over a bitcoin fraud scheme which is estimated to have netted them bitcoin worth over $270,000.
2019-4-25 16:19 | |
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The Ponzi scheme of the Global Game Arena has just collapsed. Now instead of them admitting that the platform actually run out of money, the admins have gone straight to blame the affiliate investors.
2019-4-16 08:26 | |
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On April 11, 2019, a federal jury convicted Bogdan Nicolescu and Radu Miclaus of Romania on 21 counts pertaining to a scheme to infect computers using malware technology. The malware was used to steal sensitive information relating to the victims’ credit card and other personal information.
2019-4-12 18:38 | |
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A 37 year-old man in the US has been sentenced to one year and one day in prison for fraud in connection with a Bitcoin phishing scheme designed to rob victims of their cryptocurrency. Michael Richo, of New Haven, was also ordered to forfeit $352,000 in cash, various computers and electronic devices, and an assortment of precious coins and metals that he purchased with the proceeds of his offense.
2019-4-10 12:28 | |
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A scam group has been arrested in Seoul for stealing over $18 million from victims after being caught by an artificial intelligence (AI) program, Korea JoongAng Daily reports on April 8, 2019. Big Crime, Big Time Crypto-related crimes are quite wide and varied.
2019-4-9 20:00 | |
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A special South Korean investigative agency in Seoul has successfully used Artificial Intelligence (AI) to unravel a cryptocurrency Ponzi scheme that defrauded 56,000 people of more than $18. 7 million.
2019-4-8 15:30 | |
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The leader of a prolific cryptocurrency Ponzi scheme, OneCoin, was arrested and charged on Mar. 6th. OneCoin Ltd. claims to have 3 million members—or victims—worldwide and has generated over €3.
2019-3-11 08:15 | |
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It is extremely unlikely that WazirX customers will be made whole in crypto terms through the restructuring, legal advisers of the Indian cryptocurrency exchange said.
Decentralized finance (DeFi) hacks remain a major threat to the industry despite a reduction in the amount stolen in 2023, according to blockchain security firm Halborn.
A reentrancy attack earlier Wednesday briefly halted the network. It restarted after an “emergency” chain upgrade.
Justine Bone, a cybersecurity firebrand whose research led to recalls of half a million faulty pacemakers, leads the new information-sharing and analysis center for crypto firms.
Justine Bone, a cybersecurity firebrand whose research led to recalls of half a million faulty pacemakers, leads the new information-sharing and analysis center for crypto firms.
Apparently orchestrated from North Korea, the $63 million hack adds grist to the argument that crypto exploits pose a plausible national security risk.
OrdiZK, a project that set out to become a bridge between the Bitcoin, Ethereum and Solana blockchains, appears to have pulled an exit scam, according to blockchain security firm CertiK.