Tuesday, September 17, 2019
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India’s Police Arrests 4 Crypto Scammers for Defrauding 1,500 Victims in 22 Countries

Recently, a scam in India was reported to the local Madhya Pradesh Police in which four people are accused of setting up a fake cryptocurrency exchange and manipulating the prices to lure in investors from no less than 22 countries.According to the Special Task Force (STF) of Madhya Pradesh Police,

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US Crypto Scammers’ Linked to Bitfinex, Tether in Shadow Banking Fraud

By CCN.com: The U.S. Justice Department has nabbed one of two crypto fraudsters accused of a shadow banks scheme that entailed the processing of hundreds of millions of dollars of unregulated transactions on behalf of several cryptocurrency exchanges.On the surface, these seem like the run-of-the-mill bad actor arrests. However, chatter

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From Ponzi Schemes to ICO Exits, Ethereum’s Blockchain Has Been the Platform of Choice for Scammers

According to a recent report from crypto analytics specialists Chainalysis, Ethereum (ETH) has become the crypto platform of choice for scam artists. Its research suggests that 2018 saw far more sophisticated, higher-earning scams carried out using ETH, although the actual number of these crimes dropped significantly year on year.The amount

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