Cryptocurrency Analysis and News Portal
An unknown group or individual has hacked the Twitter account behind crypto and stock trading platform Robinhood to push users to buy a 'new' token.Many Crypto Twitter users reported on Jan. 25 that Robinhood had posted a tweet calling on its 1.1 million followers to each pay $0.0005 for a
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NYU Professor Nouriel Roubini, aka Dr. Doom, has warned that “99.99% of crypto is a scam, a criminal activity, a total real-bubble Ponzi scheme that is going bust.” He advised investors to “absolutely stay away” from crypto, claiming that most people in the crypto space are “all crooks.” Dr. Doom Warns
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Authorities in Germany, Bulgaria, Serbia, and Cyprus have taken down a cryptocurrency scam network in collaboration with Europol. “The suspects used advertisements on social networks to lure victims to websites covertly operated by the criminals, which offered seemingly exceptional investment opportunities in cryptocurrencies,” Europol detailed. Authorities Cracking Down on Cryptocurrency Scams Europol
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The regulator will seek to fine appropriately, all the parties involved, and recover whatever is left of the stolen investors’ funds.The US Securities and Exchange Commission (SEC) has newly charged Neil Chandran and four other associates for orchestrating a fraudulent scheme. According to the press release, Chandran and others successfully
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YouTuber Logan Paul has threatened to sue fellow YouTuber and internet detective Coffeezilla for defamation after he accused Paul’s CryptoZoo nonfungible token (NFT) project of being a “scam.”The two have been battling back and forth on both social media and YouTube videos ever since Dec. 17, when Stephen Findeisen —
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“We allege the defendants falsely claimed access to valuable blockchain technology and that the imminent sale of the technology would generate investment returns of more than 500,000 times for investors,” said Daniel Gregus, Director of the SEC’s Chicago Regional Office. The money actually went to purchase luxury cars, real estate
Read MoreThe rapidly expanding DeFi space is becoming riddled with scams as another suspicious project has headed for the exits carrying speculators' money."A new liquidity mining pool DeFi project, Yfdexf.Finance has exited the market after defrauding investors of $20 million in total funds locked in its protocol," media outlet ZyCrypto wrote
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