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CryptoCurrency

$300 Million Crypto Scam: Indian Authorities Arrest 8 Cops

  • The scam targeted around 5,000 government officials and about 1,000 police personnel.
  • The Indian police made 18 arrests related to the fraud.
Tuesday, 07/11/2023 | 08:42 GMT by Arnab Shome
CryptoCurrency

Study Finds Blackmail Leads in $20 Billion Bitcoin Scams

  • Blackmail has led the list of the most prevalent types of Bitcoin scams since 2018.
  • The number of reported scammers has almost halved, but ransomware scams are on the rise in 2023.
Wednesday, 04/10/2023 | 08:44 GMT by Damian Chmiel
CryptoCurrency

Crypto Kingpin behind Bars: 12 Years for $100M Ponzi Scheme

  • The scheme mastermind has been sentenced for running a global crypto pyramid scheme.
  • AirBit Club deceived investors, with assets valued at $100 million have now been seized.
Wednesday, 27/09/2023 | 08:22 GMT by Damian Chmiel
CryptoCurrency

What is a Rug Pull: Types, How to Avoid Them

  • A deep dive into rug pulls.
Thursday, 14/09/2023 | 08:08 GMT by Pedro Ferreira
CryptoCurrency

$4 Billion Crypto Scam: OneCoin Co-Founder Gets 20 Years in Prison

  • OneCoin arbitrarily set the price without considering market forces.
  • Millions of victims lost money due to the fraudulent scheme.
Wednesday, 13/09/2023 | 08:50 GMT by Tareq Sikder
CryptoCurrency

Crypto Hacks and Exploits Decline to $300M in Q2: Report

  • Hackers stole about $313 million in the period.
  • The figures compare to $745 million lost in the same period last year.
Wednesday, 05/07/2023 | 16:16 GMT by Jared Kirui
CryptoCurrency

Israeli Entrepreneur Was Allegedly Robbed of Crypto at Gunpoint

  • The cryptocurrencies have been reportedly frozen by receive wallet provider.
  • The entrepreneur has left Israel and the unnamed person remains almost penniless.
Thursday, 15/06/2023 | 15:07 GMT by Solomon Oladipupo
Education Center

The Importance of Staying Vigilant against Crypto Scams

  • Scammers are getting better and more sophisticated.
Tuesday, 13/06/2023 | 14:08 GMT by FM Contributors
CryptoCurrency

Former New York Banker Faces Criminal Charges for Crypto Scam

  • He was arrested on Monday and arraigned on Tuesday afternoon.
  • The CFTC also filed a civil lawsuit against him.
Wednesday, 12/04/2023 | 06:49 GMT by Arnab Shome
CryptoCurrency

Ormenus Coin Scammers to Pay $102 Million as Recovery and Fine

  • The siblings ran a massive operation defrauding thousands of retail investors.
  • The SEC brought charges against the fraudsters last year.
Friday, 31/03/2023 | 09:06 GMT by Arnab Shome
CryptoCurrency

Document Says OneCoin Founder Ruja Ignatova ‘Killed’ in 2018 in Greece

  • Ignatova disappeared from the public scene in 2017.
  • Sebastian Greenwood, OneCoin Co-Founder, is to be sentenced in April this year.
Monday, 20/02/2023 | 14:32 GMT by Solomon Oladipupo
CryptoCurrency

Are Cryptocurrencies a Scam?

  • Recent events have caused many to question whether or not cryptocurrencies are a scam.
Monday, 06/02/2023 | 16:50 GMT by Finance Magnates Staff
CryptoCurrency

StarOptions and B2G Promoter Gets 60 Months in Prison for Fraud

  • Both schemes were fraudulent and received millions from investors.
  • B2G even promised an 8,000 percent annual return from its ICO.
Wednesday, 01/02/2023 | 06:23 GMT by Arnab Shome
Retail FX

FMA Warns against Crypto Fraudsters and Impersonators

  • Bay Exchange was providing crypto services without proper authorization.
  • Krypto Security was trying to impersonate the FMA's officials and extort consumer funds.
Monday, 12/12/2022 | 09:24 GMT by Damian Chmiel
CryptoCurrency

Hackers Steal $4.3bn in Crypto in Nine Months

  • The amount represents a 31% increase from the same period in 2021.
  • Privacy Affair has described FTX's collapse as the largest crypto scam so far in 2022.
Monday, 05/12/2022 | 15:56 GMT by Solomon Oladipupo
CryptoCurrency

ASIC Shows How to Spot a Cryptocurrency Scam

  • ASIC supports ongoing Scams Awareness Week 2022.
  • The regulator lists 10 ways to identify potential crypto fraud.
Tuesday, 08/11/2022 | 08:25 GMT by Damian Chmiel
CryptoCurrency

UK Court Winds Down Fraudulent Crypto Firm PGI Global

  • The company promised a 200 percent return to investors.
  • The US has already shuttered a related entity of the firm.
Thursday, 27/10/2022 | 11:50 GMT by Arnab Shome
CryptoCurrency

Three OneCoin Crypto Scam Associates Faced a German Court

  • OneCoin may have defrauded up to 3,000 people.
  • Three defendants may be first convicted in this case in Europe.
Wednesday, 19/10/2022 | 08:43 GMT by Damian Chmiel
Retail FX

Fugitive FX Fraudster Accuses Israeli Lawyers of 100m Euro BTC Theft

  • Jacques Vygodatsky was evading a German warrant and fleeing to Latin America.
  • The Belgian-Israeli accused Guy Yuval and Uri Arad of stealing 100m euros worth of Bitcoin.
Thursday, 06/10/2022 | 23:50 GMT by Finance Magnates Staff
Exchanges

Runaway Thodex Crypto Exchange CEO Arrested in Albania, Turkey Says

  • Fatih, who fled Turkey in April last year, was rounded up in Vlorë in Southern Albania.
  • Turkish prosecutors are seeking jail sentences of up to 40,564 years.
Friday, 02/09/2022 | 13:10 GMT by Solomon Oladipupo
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