A new Chinese Bitcoin Ponzi scheme has absorbed roughly $11 million in Bitcoin in less than one month of operating. Antimatter Kingdom (AK), a new Chinese crypto Ponzi scheme, appears to have netted $11 million worth of Bitcoin (BTC) in less than one month of operating. Upon launching at the start of April, AntiMatter Kingdom […]
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The latest developments in proceeding surrounding the notorious OneCoin fraud have seen the plaintiffs in a $4 billion suit plead for the suit to continue. Legal proceedings surrounding the infamous OneCoin Ponzi scheme have seen a couple of updates, with the lead plaintiff for a $4 billion class-action urging the judge not to scrap the […]
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A cryptocurrency staking app which offers 1.5% daily returns might be a Ponzi scheme related to one that exit-scammed two years ago. A cryptocurrency staking wallet that offers users as much as 1.5% daily returns is bearing striking resemblance to a Ponzi scheme. That’s according to a Medium article published on April 19 by Jan […]
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British reality TV star-turned-presenter, Rylan Clark-Neal, has warned his Twitter followers of fraudulent interviews claiming he made millions from Bitcoin. British TV presenter and former X-Factor star, Rylan Clark-Neal, alerted his followers as to “fake interview” claiming that Rylan had made “millions from Bitcoin.” On April 18, the former Celebrity Big Brother star tweeted that […]
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PlusToken is not behind the recent Bitcoin price crash, but as scam activity peaks amid the pandemic they may still affect the market. Bolstered by the new coronavirus pandemic, scams continue to be rampant in the cryptocurrency world. From malware to fake investment programs and even fake donations to health organizations, scammers are known for […]
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The Philippines Securities and Exchange Commission has flagged its third cryptocurrency scam this month, warning investors against a scheme dubbed “The Billion Coin.” The Philippines Securities and Exchange Commission (SEC) has flagged its third cryptocurrency scam this month, warning investors against a scheme dubbed “The Billion Coin” (TBC). Marketed as a so-called “abundance-based cryptocurrency,” the […]
Continue ReadingUS judge threatens to throw out $4B class-action suit against OneCoin after its lead plaintiff failed to meet multiple deadlines. U.S. District Judge Valerie Caproni has scheduled an April 16 hearing for the representation of the plaintiffs’ in a class action suit against the $4 billion crypto Ponzi scheme, OneCoin, to justify why the case […]
Continue ReadingCheck out this week’s Bad Crypto News. Bitcoin is still floating comfortably around $7,000 after a week in which it’s risen more than ten percent. Over at Bitcoin.com, the news is not so good. Candor, a site that lists jobs lost to the coronavirus, has reported that Roger Ver is planning to lay off half […]
Continue ReadingChainalysis data has found that the value of transactions sent to known scam wallets has dropped significantly amid the coronavirus pandemic and crypto market crash. Data published on April 10 by blockchain forensics firm Chainalysis indicates that the average value of transactions received by the wallets of known scams fell 30% during March. Amid fraudsters’ […]
Continue ReadingAnalysis from Coin Metrics suggests that a giant selloff sparked an immediate knock-on effect for BTC/USD, which shed hit lows of $6,850. Bitcoin (BTC) fell below $7,000 minutes after an investor prepared to sell 1,000 BTC on a major exchange, data shows. Discovered by monitoring resource Coin Metrics, the deposit on Huobi Global on April […]
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