US Court Slaps $209 Million Penalty on Crypto Ponzi Scheme
Oregon resident and entities fined $209 million for crypto Ponzi scam The schemes disguised as crypto and carbon investments defrauded investors $83.7 million restitution and...
Tag : Crypto scams
Fraudsters Use Late Broadcaster’s Identity in Crypto Scam
Fraudsters are exploiting the identity of late broadcaster Gary Burgess Jersey police have issued warnings about a cryptocurrency scam linked to him Scammers also used...
90% of UK Crypto Firms Fail Licence Due to Fraud Concerns
UK’s FCA reports that 90% of crypto firms lack fraud and money laundering safeguards. Only 14% of firms have successfully registered for crypto licenses. Over...
California has Designated 17 Virtual Currency Sites as Potentially Fraudulent
The Department of Financial Protection and Innovation (DFPI) of California has issued 17 public warnings on the activity of digital asset platforms. The DFPI claims...
As Scrutiny Intensifies, California Cracks Down on Cryptocurrency Scams
As part of its efforts to enforce California securities laws, California’s Department of Financial Protection and Innovation has released desist and refrain orders against 11...
Over half of financial pyramids included cryptocurrency in 2022: Russian Bank Says
Scammers seem to have increased their activity at a time when Russia is encircled by Western sanctions. Many Russian fraudsters pretend to be approved by...
The US and Korea support each other to stop crypto scams
Recently, LUNA, a blockchain-based cryptocurrency, collapsed from $12.24 billion to $555 million in May and has made South Korea and the United States work together....
FBI Suspects an Increase in Crypto Scams Amid COVID Fears
The Federal Bureau of Investigations (FBI) expects an increase in crypto-scams amid the COVID-19 pandemic and has issued a warning urging people to stay safe...
Indian Police will attain specialized training to deal with crypto scams
Indian Police will attain specialized training to deal with crypto scams Government of India’s Ministry of Home Affairs is planning to deliver an all-around police...
Chinese Crypto Investor Alleges EOS Referring it as Total Scam
As per reports, a Chinese crypto investor alleges EOS by referring it as a scam. Precisely, Chen Weixing is a Binance investor and a crypto...