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Willie Breedt, a South African national accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme, has reportedly been forced into bankruptcy by a local court.According to a recent report from News24, the sequestration order was initiated on July 3 by Simon Dix —
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A global bitcoin scam has reportedly leaked personal data of about 250,000 people from more than 20 countries. The majority of the compromised data were of people in the U.K., Australia, South Africa, and the U.S. This bitcoin scam operates under several different names.Investors’ Personal Data LeakedA global threat
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GPay Limited, which traded as XtraderFX (formerly CryptoPoint) has been shut down by UK authorities following investigations into its practices.The firm has been on the radar of the Financial Conduct Authority for over two years. But a High Court hearing, before Deputy Insolvency & Companies Court Judge Baister, finally forced
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It’s no secret that the crypto industry is rife with scams, hacks, and other nefarious activities, with the decentralized and private nature of many digital assets being conducive to these types of undertakings.The latest group to fall victim to one of these scams is a school within the University of
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Scam sales, a big win for privacy from Apple, new jobless claims in the “whack-a-mole” economy and the biggest BTC options expiry ever. Today’s edition of The Breakdown is an extended version of the Brief, this time covering five topics. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives
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A judge has granted a motion from the U.S. attorney’s office to pause the SEC’s action against Edit Pardo and Boaz Manor for their involvement in the alleged $30 million crypto investment scam CG Blockchain.United States District Judge Stanley Chesler cited a parallel criminal investigation into Pardo and Manor in
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The Royal Canadian Mounted Police, or RCMP, in Burnaby, a district of Vancouver in British Columbia, reported a surge of Bitcoin (BTC) related scams across the city. This news comes amid recent reports of similar activity occurring across Canada.Authorities say scammers call their victim and impersonate a member of the
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‘Elon Musk’ bitcoin giveaways continue to scam people on Youtube. Scammers have reportedly pulled in millions of dollars in bitcoin from people wanting to double their cryptocurrency. Some of them use bitcoin addresses containing the name Elon Musk, Spacex, or Telsa. Before sending money to a bitcoin address, check
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An alleged Bitcoin (BTC) scam is now reportedly targeting residents of Winnipeg, Canada. A local grocery store owner warned that many of his customers were victims of the scammers.According to Global News, Husni Zeid placed a large sign on the Bitcoin machine he has in his store, asking people to
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The United States Securities and Exchange Commission (SEC) has halted activity of another alleged cryptocurrency-related scam stealing millions of dollars from investors.According to a SEC’s announcement on June 19, the authority has been granted a temporary restraining order and asset freeze against two Pennsylvania-based brothers allegedly running three crypto scam
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