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The team behind meme cryptocurrency Shiba Inu (SHIB) has issued a public warning against ongoing online scams that primarily target altcoin investors interested in SHIB tokens. The proactive scam alert came in the form of a tweet detailing the various methods used to dupe unsuspecting victims from the Shiba Inu community. Stay
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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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“This is a case of intrigue, whitewash, concealment, and deception smack of a deep-rooted conspiracy. It is India’s biggest-ever ‘Bitcoin Scam Cover Up’ under the Karnataka BJP government,” Surjewala said in a press conference. “Instead of conducting a fair investigation, the BJP Government of Karnataka appears to be preoccupied with
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Users of crypto wallets Metamask and Phantom, as well as the crypto swap platform Pancake have been targeted in a crypto phishing scam involving at least half a million dollars being stolen, according to a Check Point Research (CPR) report.CPR said that in the past few days there have been
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Crypto exchange Binance is investigating the SQUID token crash and considers it a classic “rug pull” scam, according to a Barron’s report.Binance has frozen and blacklisted wallet addresses tied to the token’s developers, according to the report. It is also using analytics tools to identify the developers.The developers appear to
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A cryptocurrency inspired by Netflix’s internationally hit TV show Squid Game scammed investors in what appears to be a $3.38-million “rug pull” scheme.Dubbed SQUID, the cryptocurrency plunged to almost a fraction of a cent minutes after crossing over $2,850 at 09:35 UTC on Nov. 1. The deadly drop oed following a 75,000%
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An Ohio man will be getting 20 years in prison for carrying out a cryptocurrency scam. Michael Ackerman has pleaded guilty to the crime and might be spending a long time in prison. According to the US Justice Department, the man pleaded guilty to the multi-million dollar cryptocurrency scam last
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The man behind a multi-million dollar cryptocurrency scam has pleaded guilty to fraud this week according to the U.S. Department of Justice.Ohio man Michael Ackerman could face up to 20 years inside following the guilty plea for defrauding investors in a crypto scam he orchestrated in 2017. The too good
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Fourteen suspects allegedly behind a cryptocurrency scam have been arrested in Taiwan. According to the country’s Criminal Investigation Bureau, the scheme has defrauded investors out of millions of dollars. Suspects Behind Crypto Scam in Taiwan Arrested The country’s Criminal Investigation Bureau (CIB) explained that the crypto scam allegedly defrauded more than 100
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