SEC Halts Crypto Scam, Alleging Two Brothers Stole Millions From Investors

The U.S. SEC freezes assets of several alleged crypto scams run by Hvizdzaks brothers. 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 […]

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Chinese Police Investigate ‘Exit Scam’ by Iranian Crypto Exchange

Reports indicate the Iranian-based crypto exchange ‘Bitisis’ is actually a Ponzi scheme that has attempted an exit scam. Bitisis, an Iran-based cryptocurrency exchange platform targeting Chinese investors with investment opportunities, has reportedly pulled an exit scam. Chinese police are currently investigating the exchange’s disappearance, with the platform appearing to have transferred users’ assets to three […]

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