One of four men charged with defrauding investors of over $722 million through a long-running cryptomining scheme has pleaded guilty to charges against him. One of four men charged with defrauding investors of more than $722 million through a long-running cryptocurrency mining scheme has pleaded guilty to charges against him. The man, a 35-year-old Romanian […]
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Millennials and Zoomers are the least likely crypto investors to have a plan for their digital assets should they die unexpectedly. Most younger crypto holders don’t have any kind of plan to pass down their digital assets when they die. According to a survey conducted among 1,150 participants between October 2019 and June 2020 by […]
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Philippine SEC warns against investment schemes including one based on the Ethreum blockchain it says is a Ponzi scheme. The Securities and Exchange Commission (SEC) of the Philippines has warned the public against individuals and groups engaged in unauthorized crypto investments and trading, according to an announcement on July 1. The Philippine SEC warned those […]
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Crypto itself has only been around for a decade, and the space has already gained its top Ponzi scheme actors. Here are three of them. In addition to the obvious advantages in the form of anonymity, accessibility, ease of use and low cost of transactions, cryptocurrencies have some serious drawbacks that impede their global adoption. […]
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A Singapore man was fined $72,000 for operating a multi-level marketing scheme linked to the Ponzi scheme OneCoin. On Wednesday, a 52-year old man named Fok Fook Seng of Singapore was found guilty of operating a multi-level marketing scam linked to the cryptocurrency Ponzi scheme OneCoin. Since its inception, the OneCoin crypto scam has defrauded […]
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As Bitcoin price continues to range sideways, the momentum may be shifting to XRP for the next big move. Bitcoin (BTC) price sidewards action of late has been a hunting ground where whales can easily liquidate misinformed traders on leverage trading platforms. Without decent swings, any asset can become boring. But let’s not forget BTC […]
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An alleged crypto pyramid scheme stole hundreds of millions of dollars from investors. South Korean authorities are investigating a complaint filed by 950 investors who claim to be victims of a crypto-related ponzi scheme. According to TV Chosun, police are looking into reports that over 160 individuals are believed to have operated the alleged scam, […]
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One of the largest ponzi schemes in crypto history is still trying to launder its proceeds, but Ethereum congestion is making that difficult. Funds from the infamous Chinese-based PlusToken ponzi scheme are moving once again, but they’re being blocked by Ethereum’s block congestion. According to Whale Alert, funds from a known PlusToken Ether (ETH) stash […]
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The Philippines Department of Finance warns people that Bitcoin Revolution uses government officials’ names to spread fake news endorsing their business. Another Filipino finance entity issued a warning against the alleged crypto Ponzi scheme Bitcoin Revolution, accusing them of impersonating the country’s president, as well as its finance and treasury officials. According to the Department […]
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A study by Scamwatch suggests cryptocurrency scams are a real threat in Australia. Australians filed 1,810 reports of cryptocurrency-related scams in 2019, collectively totaling more than $21.6 million AU ($14.9 million USD). According to a study by Scamwatch, an arm of the Australian Competition and Consumer Commission, younger Australians aged 25 to 34 were those […]
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