Cryptocurrency Analysis and News Portal
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that “cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML) /
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Israeli police have arrested eight suspects in connection with a cryptocurrency fraud scheme after raiding their homes and seizing evidence. One of the suspects is Moshe Hogeg, a well-known owner of the premier soccer team Beitar Jerusalem Football Club. 8 People Arrested in Crypto Fraud Scheme in Israel Israeli police arrested eight
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The use of CBDC to commit fraud undercuts the narrative that digital currencies issued by nation states will be a better, less-prone-to-fraud alternative to crypto. That this is happening in security-conscious China, which has severely cracked down on crypto is bound to engender a certain about of schadenfreude amongst crypto
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The United States Department of Justice is planning to sell $56 million worth of cryptocurrency seized in connection with its case against Ponzi scheme BitConnect.In a Tuesday announcement, the Justice Department said it would sell the seized crypto and hold the proceeds in U.S. dollars until it could use the
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A U.S. federal judge is allowing the U.S. Department of Justice to liquidate approximately $56 million in proceeds seized from Glenn Arcaro, the lead promoter of a crypto lending program that defrauded thousands of investors out of an estimated $2 billion, the agency said Wedn Source
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The Federal Bureau of Investigation (FBI), America’s domestic intelligence and security service, has published a public service announcement concerning fraudulent schemes associated with cryptocurrency ATMs and QR codes. The FBI’s warning, published on November 4, highlights the presence of “scammers” directing their energy at unknowing victims. US Federal Agency Warns of
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On April 23, 2014, Kleiman reached out to Wright via email for answers. ”I feel like there are discrepancies in the contracts between you and W&K, such as Dave’s signature, his resignation, transfer of all accountable value, Uyen’s role of director, BAA projects, etc...I do believe we need to remedy
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In Iceland the burden fell on people who had nothing, and then had less than nothing. The ease with which these [finance] guys could just see past that, or not be troubled by it, was really shocking to me. When I would bring up things like, “What about these other
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Crypto fraud has accounted for losses of over £146 million ($200 million) in the U.K. this year, according to the City of London Police.The figure is 30% higher than for all of 2020, the City of London Police said Monday.The U.K.’s national reporting center for fraud and cyber crime, Action
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BitOasis, a cryptocurrency exchange from the United Arab Emirates, has partnered with the Dubai Police Force to raise awareness about frauds related to crypto investment and trades.The exchange’s partnership with the Dubai Police is intended to help build regulations that will make crypto safe for investors in the region, BitOasis
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