Cryptocurrency Analysis and News Portal
The Securities and Exchange Commission (SEC) has filed suit against Donald G. Blakstad for scamming investors partly through an allegedly fraudulent crypto mining operation.In a filing Jan 8, the SEC alleged that Blackstad, 60, bilked over $3.5 million from investors of three separate firms: an oil and gas company; a
Read More
Six months after the U.S. Commodity Futures Trading Commission (CFTC) filed a complaint against Control Finance, the regulatory agency is yet struggling to capture the mastermind behind the crypto pyramid scheme.Filed mid-2018, the CFTC accused Control Finance and its Director Benjamin Reynolds of defrauding naive investors through a fraudulent crypto
Read More
Bitcoin (BTC) scam ads featuring the likeness of Martin Lewis have continued to appear on social media despite Lewis’ previous efforts to prevent such illegal practices.After the British financial expert settled a defamation lawsuit against Facebook for showing unendorsed fake Lewis crypto ads in 2019, new scam adverts have
Read More
The HEX purchase address used 50 ETH to buy more tokens. The tokens were then sent to an exchange to provide liquidity for HEX traders. HEX continues to benefit its founder, to the severe detriment of its investors. Ethereum (ETH) from the flush address of the controversial HEX
Read More
The PlusToken Ponzi scheme has and continues to impact the price of Bitcoin as funds are liquidated via OTC brokers, but half the problem facing the BTC market is a lack of buying demand according to analyst Alex Krüger. PlusToken DumpPlusToken promised its “investors” monthly returns of anywhere from 10 to
Read More
While price fluctuations is very common in the crypto sphere, some analysts have reasons to believe that the recent plunge in the Bitcoin price isn’t just like any other decline. The researchers of Chainalysis believe it could very well be the aftereffect of the PlusToken scam.You will recall that a
Read More
Adding to the hundreds of Bitcoin scam schemes employed since its inception, a group of ‘spoofers’ is out there defrauding Americans via Bitcoin(BTC)trade in the disguise that they are government officials.Raising alarm on an epidemic that seems to be spreading fast across the nation, the United States Marshals Service together
Read More
U.S. Attorney Craig Carpenito announced the arrests of four men who were accused of defrauding investors during an investigation of a crypto Ponzi scheme called the BitClub Network. The fraudulent scheme was based on a whopping $722 million cryptocurrency mining scam.Yes, you’ve been reading it right, seven hundred and twenty
Read More
A user on Reddit recently shared his experience with Coinjer, calling it an elaborate cryptocurrency scam that has recently surfaced on the internet.The user, @m3l0n, shared that he received a message on Discord, a platform for video gaming communities, advertising that users could win 0.25 Bitcoin, almost equivalent of $1,830
Read More
According to local news outlets in Thailand, 24 Chinese have been arrested in the country under the accusation of running a crypto investment scam. The authorities conducted the raid in a call center where the Chinese nationals were allegedly conducting a Bitcoin(BTC)trade con scheme.One of the news outlets who reported
Read More