2019-12-13 01:31 |
Shopin founder Eran Eyal pleads guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million
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The Stellar Development Foundation is shutting down its $120 million airdrop program amid fraudulent account sign-ups. Stellar’s largest airdrop to date is canceled In September, the Stellar Development Foundation (SDF)—“a non-profit organization founded in 2014 to support the development and growth of the open-source Stellar network”—partnered up with Keybase, a free group messaging community and […] The post Stellar Lumens puts an end to its largest airdrop to date appeared first on CryptoSlate.
2019-12-12 18:32 | |
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Shopin Founder and CEO Eran Eyal allegedly spent $500,000 of investor funds on personal expenses
2019-12-13 03:55 | |
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Nothing draws attention to the cryptocurrency space as controversy does. 2019 has been very newsworthy in this regard, with the case of New Zealand-based Cryptopia starting the year off. The cryptocurrency exchange reported a massive hack in January, where over $16 million worth of tokens were stolen.
2019-7-20 21:30 | |
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The latest buzz on Twitter is the supposed police raid of the TRON offices in China. This was eventually found to be false, however, as the police were instead called to protect employees from the wrath of an angry mob.
2019-7-9 11:00 | |
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A third defendant has recently decided to plead guilty in a case that is happening in Toledo, Ohio. The defendant is being accused of being a part of a scam that created fake ID rings and could have netted around $4.
2019-7-4 02:57 | |
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The U. S department of Justice is looking to extradite Swedish citizen for money laundering, wire fraud and securities fraud through a crypto scam amounting to $11 million USD. The blockchain world has long been troubled by the scams, thefts and hacks prevalent on the users’ private keys.
2019-6-20 17:25 | |
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The Canadian cryptocurrency exchange QuadrigaCX appears to have been playing with fire long before it collapsed – and took $134 million with it – earlier this year. According to the latest report from administrators, EY, QuadrigaCX had been operating a fraudulent cryptocurrency exchange.
2019-6-20 11:32 | |
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In sync with rising crypto-adoption, government bodies have stepped up and implemented stricter regulations, in light of the space’s history and susceptibility to fraudulent activities. The Commodity Futures Trading Commission (CFTC) has been making a lot of effort in this regard and recently, caught a Bitcoin trading and investment company for fraudulent activities.
2019-6-19 18:30 | |
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By CCN Markets: Renwick Haddow, the operator of the fake crypto trading platform Bitcoin Store and the fraudulent shared office space Bar Works, admitted to the charges against him with one of his fellow collaborators found guilty by US court.
2019-6-18 17:42 | |
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By CCN: John de Mol, who is behind the reality television hit show “Big Brother,” blames Facebook for scammers using his likeness on fraudulent bitcoin-fueled ads that stole nearly $2 million from investors.
2019-6-6 22:30 | |
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The creator of the Big Brother reality television format is suing Facebook for allowing advertisements to fraudulently feature his name and image, Reuters reports. Dutch billionaire John de Mol, one of the brains behind entertainment studio Endemol, filed his suit against Facebook in an Amsterdam court earlier today.
2019-6-5 18:34 | |
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North Korean hackers have made a phishing attempt on users of the South Korean crypto exchange Upbit. News correspondents in Korea broke this development on May 29, 2019, detailing the ploy to steal Upbit users’ information.
2019-6-1 00:54 | |
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Ethereum Classic [ETC] endured a 51% attack twice in the month of January, attacks which successfully latched on to ETC’s blockchain for several days. The losses estimated following the breach accounted for more than $1 million.
2019-5-28 20:00 | |
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Brazil has taken drastic action against a fraudulent cryptocurrency pyramid scheme by shutting down its operation in the country. The pyramid scheme which is worth 850 million reals equivalent to $210 million promises a return of 15% after the first month of investment in the scheme.
2019-5-22 21:25 | |
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By CCN: Authorities in the Netherlands have arrested a suspect who allegedly operated a bitcoin mining investment scam, according to Dutch daily De Gelrderlander. The fraudulent scheme which was reportedly started in 2017 earned the man named Berry van Mourik at least €2 million ($2.
2019-5-22 14:11 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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Police Arrest Cryptocurrency Entrepreneur After Allegedly Conducting Fraudulent Activities According to a recent report released by De Gelderlander, Dutch police have arrested a former entrepreneur after allegedly conducting fraudulent activities.
2019-5-21 21:28 | |
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By CCN: Weixing Chen, the founder and CEO of Kuaidi Dache, a Chinese taxi-hailing application, has expressed his concerns about crypto assets like EOS in a statement published on Weibo that prioritize scalability.
2019-5-21 18:00 | |
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In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.
2019-5-18 22:14 | |
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Nestled in the exhibition room at this year’s Consensus conference, the U. S. Commodity Futures Trading Commission (CFTC) had a message for conference goers as they weaved in and out of booths representing various projects and startups in the space: “Be on the lookout for virtual currency fraud” and if you see it, let us know.
2019-5-17 19:00 | |
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Chinese authorities were able to uncover a fraudulent mining scheme that stole approximately $293 million from crypto users. As reported by the local news outlet 8BTC, a fake Chinese company called Lianxin Tech, sold more than 300,000 units of mining hardware to users in just a few months. Investors believed that they were going to […]
2019-5-12 19:10 | |
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By CCN: Berkshire Hathaway, the multinational corporation led by billionaire Warren Buffett, posted a $377 million first-quarter charge for investment losses related to a solar Ponzi scheme. Berkshire invested $340 million in Ponzi scheme Berkshire made the disturbing revelations in a regulatory filing during its annual shareholders meeting last weekend.
2019-5-9 18:16 | |
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Following this morning’s $40 million hack of the globe’s largest crypto asset exchange there were calls to roll back the Bitcoin blockchain to nullify the fraudulent transaction. Binance boss Changpeng ‘CZ’ Zhao said in an earlier AMA that the company was deciding on whether to push for a possible rollback.
2019-5-8 10:30 | |
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The botnet attacking Electrum has grown to 152,000 infected computers and has now stolen $4. 6 million in cryptocurrencies such as Bitcoin, according to Malwarebytes. Malwarebytes states that it has been “closely monitoring” the attack against the Electrum Bitcoin wallet.
2019-5-1 14:00 | |
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The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $6.
2019-4-30 20:07 | |
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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 hacks and fraudulent activities seem to happen in tandem with the developments and updates from the world of cryptocurrencies. On April 3, Superior Court Justice of Canada Jane Kelly ordered that 281.
2019-4-5 01:30 | |
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Canadian police have frozen the assets of the Vanbex founders, who raised more than $22 million in an allegedly fraudulent Etherparty (FUEL) ICO
2019-4-1 20:01 | |
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In Canada, authorities have seized luxury cars and frozen bank accounts owned by the ringleaders of FUEL, an allegedly fraudulent $22-million initial coin offering (ICO) from 2017. Court documents claim “blockchain services company” Vanbex raised $22 million (CAD$30 million) in cryptocurrency and fiat by with absolutely no intention to develop the FUEL token, reports CoinDesk.
2019-4-1 17:04 | |
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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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A new investigation performed by CoinDesk shows that the startup BHB has faked its founding team. There are some images associated with the founders that were taken from university professors. These individuals are currently denying the accusations.
2019-2-28 06:11 | |
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Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company. Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration.
2019-2-27 23:13 | |
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Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume.
2019-1-23 00:57 | |
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Riot Blockchain, Inc. replaced its CEO in September after the SEC charged him in connection with a fraudulent $27 million pump and dump scheme. Now another person involved in that case, biotech billionaire Phillip Frost, has agreed to pay $5.
2019-1-1 17:40 | |
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The Times of India reported on December 20, 2018, that the cyber crime branch of Pune police had seized 452 bitcoins worth $1. 8 million from one of the ten suspects involved in a cryptocurrency related Ponzi scheme case.
2018-12-21 01:00 | |
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The United States Securities and Exchange Commission (SEC) has won a prolonged court battle against the AriseBank blockchain project which organized a fraudulent initial coin offering (ICO) that claimed to had raised $600 million from investors last year.
2018-12-15 10:00 | |
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CoinSpeaker Former AriseBank Executives to Pay a $2. 7 Million Charge for ICO Scams For operating a fraudulent Initial Coin Offering, former AriseBank executives have to pay nearly $2.
2018-12-13 12:56 | |
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A study by the Massachusetts Institute of Technology has revealed that machine learning can identify crypto pump and dump schemes before they happen. It arrived at a figure generated by fraudulent trading which is a tiny fraction of the total trade volume.
2018-12-6 18:00 | |
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Jared Rice Sr. , CEO of the Dallas-based bank AriseBank, was arrested by the Federal Bureau of Investigation (FBI) on Wednesday, November 28, 2018, and charged with six counts of securities fraud and wire fraud.
2018-11-30 23:03 | |
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According to a report by Bloomberg, published November 13, 2018, U. S. resident named Joseph Kim has been fined $1. 1 million and sentenced to 15 months in prison for orchestrating fraudulent schemes related to bitcoin (BTC), and litecoin (LTC), thus duping his employer and several other customers of their money.
2018-11-16 00:00 | |
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In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies. Target and Google are two high profile targets that have seen their accounts taken over by hackers who, in turn, have used them to scam followers by advertising fraudulent crypto giveaways.
2018-11-15 23:40 | |
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International cybersecurity solutions provider Group-IB has come up with a scoring model to grade crypto exchanges based on their level of security. The scoring model was created by Group-IB in conjunction with Swiss-based Cryptolns (which is operated by Swiss insurance broker APIS AS), and the grading is intrinsic to CryptoIns’ new cryptocurrency exchange insurance, which will allow exchange users to cover up to 15 BTC worth of digital assets held in their exchange accounts.
2018-11-13 00:43 | |
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The U. S. Commodity Futures Trading Commission (CFTC) issued a press release on Friday, November 9, 2018, stating that it had fined Arizona resident Joseph Kim for perpetrating a fraudulent cryptocurrency trading scheme against his former employer and other investors.
2018-11-13 22:55 | |
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A fraudulent South Korean startup has pulled a $2. 8 million exit scam, garnering 13,500 ETH from its ICO campaign before disappearing from the web. Pure Bit shut down its website after finishing its Pure Coin token sale on November 9th.
2018-11-13 18:38 | |
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The U. S. Securities and Exchange Commission (SEC) has released a report detailing actions taken against fraudulent ICOs and financial ventures, and, indeed, the year has been wrought with cases.
2018-11-3 00:33 | |
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The Annual Report on the Division of Law Enforcement by the Securities and Exchange Commission (SEC) has revealed its plans of placing strict rules against ICO scams. With a total amount of $794 million investor funds returned this year alone, the SEC has made it clear that spearheading investigations to help reduce fraudulent ICOs to […] The post SEC Draws Battle Line Against ICO Scams in it’s Yearly Annual Report appeared first on ZyCrypto.
2018-11-3 20:46 | |
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Polish authorities seized over 44 million PLN ($11. 6 million dollars) from DasCoin, a Ponzi scheme company that scammed users with fraudulent investments. According to local reports, Ewa Bialik, a spokesperson of the National Public Prosecutor’s Office confirmed the recent seizure of these funds.
2018-10-28 21:48 | |
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North Korean cybercrime hacking group The Lazarus Group is currently the biggest crypto hacking syndicate in the world, having stolen millions worth of cryptocurrencies from online exchanges.
2018-10-20 00:22 | |
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Riot Blockchain, Inc. (NASDAQ: RIOT), a company officially focused on cryptocurrency mining and the development of an exchange, has swiftly replaced its CEO after the SEC charged him in connection to a fraudulent $27 million pump an dump scheme.
2018-9-11 19:45 | |
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In a move that feels both inevitable and quietly revolutionary, Coinbase has unveiled a regulated token-sale platform that effectively reopens the door to U.S. retail participation in primary crypto offerings for the first time since the SEC nuked the 2017 ICO boom.
Coinbase published a token sales disclosure for the Monad ICO that contains detailed information about its market maker operators and how many tokens are loaned to each firm. Coinbase’s disclosure may be one of the first cases where a large…
After years of venture-funded dominance, Coinbase is reviving the idea that crypto projects can raise money directly from their users. The US-based exchange announced on Oct. 21 that it acquired Echo, a community-fundraising platform founded by veteran investor Jordan “Cobie” Fish, in a $375 million deal to rebuild fairer, on-chain capital markets.
Курс PUMP, нативного токена платформы для запуска мемкоинов Pump.fun, обвалился более чем на 50% спустя две недели после старта предпродаж. Причиной стала потеря интереса инвесторов к предстоящему эйрдропу, который теперь отложен не неопределенный срок.
Суд Южного округа Нью-Йорка отклонил коллективный иск к американскому подразделению модного дома Dolce & Gabbana. Суд постановил, что компания не несет ответственности за NFT-проект DGFamily, который привлек средства инвесторов на более чем $25 млн.
Комиссия по ценным бумагам и биржам США (SEC) завершила расследование в отношении австралийской компании Immutable — к ней, как и к IMX Ecosystem Foundation, не будут приняты принудительные меры.
Genre-defining launch of a play-to-earn mobile MMORPG that blends strategy, adventure, and cutting-edge technology, powered by GPS, AR, AI, and blockchain planned for this year For the past three years, the team behind Chaos on the Chains has been quietly crafting an experience that pushes the boundaries of mobile gaming.