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Maltese Financial Regulator Warns About Suspicious Project
Crime   |   29.08.19  |  

... casinos that first started to feature these currencies in the past. Therefore, having very heightened vigilance on investment fraud cases in the country is nothing to be surprised with. The authorities over at MFSA have been dealing with fraudsters, scammers and money launderers for years, and in very few cases have they had a fluke. MFSA wants to help those who were scammed The MFSA also came out with a statement, saying that it’s ready to support any local who had the misfortune of dealing with ...

SEC Freezes Accounts Of Veritaseum And Its Founder Reggie Middleton
Crime   |   14.08.19  |  

According to a lawsuit filed on Monday, Middleton conducted a fraudulent and illegal ICO in 2017 and subsequently manipulated the value of tokens The US Securities and Exchange Commission (SEC) has received a temporary restraining order to freeze the assets of Reggie MIDDLETON and ICO Veritaseum (VERI) which was organized by him. The procedure applies to accounts at financial institutions of Bank of America, Citi and JPMorgan Chase, as well as to cryptocurrency exchanges Gemini and Kraken and 15...

South Africa Suffers From New Crypto Ponzi Schemes
Africa   |   10.07.19  |  

The educational programs in Africa should be popularized even more, because of fraud and scams following the path of technological growth amid regulatory uncertainty Recently, we paid attention to Africa as a promising place for blockchain and crypto development, due to the educational activities led by companies and enthusiastic groups ...

Bitsane, the Crypto Exchange and XRP Refuge Perform a Disappearing act, Scamming 246,000 Subscribers
Crime   |   29.06.19  |  

... requests due to “temporary technical reasons”. Their websites went offline by June 17’ with their Twitter and Facebook accounts being scrapped from existence. Emails to various Bitsane accounts were returned as undelivered. Those affected by the scam are now comparing notes in a group chat with approximately 100 members on the messaging app Telegram and in a comparable Facebook group. Sources close to them now claim that most users lost up to $5,000, elsewhere in the U.S. another person claimed ...

The Cobinhood Founder: "There is no exit scam, neither bankruptcy"
Exchanges   |   30.05.19  |  

The Taiwanese сrypto exchange Cobinhood has been at the centre of the scandal for several days. Users suspect it of fraud and exit-scam Cobinhood exchange has been at the centre of the scandal for several days. Users suspect it of fraud and exit-scam. On 29 May, following the recent controversy which surrounded Taiwanese crypto exchange, the co-founder and CEO Popo CHEN has published ...

Coinbin Exchange Files For Bankruptcy: More Than $26 Mln Embezzled
Exchanges   |   25.02.19  |  

Coinbin CEO Park Chang-kyu announced the bad news, but according to him, the reason behind this decision is a waste of funds committed by an employee South Korean cryptocurrency exchange Coinbin has filed for bankruptcy after a loss of about $26 mln, Business Korea reports . Coinbin crypto exchange has become the owner and the successor of the notoriously known Youbit exchange, which is twice-hacked in 2017. Now it seems that the same fate awaits Coinbin, as it happened with the predecessor. Coinbin...

FraudICO International Social and Legal Project

The new platform will bring together investors who are faced with ICO scams and frauds and are seeking legal support to get their funds back It is so common that investors, fallen for a fraudulent project, do not have any knowledge or resources to get a refund. Fraudico Ltd has launched a unique project - ...

Why QuadrigaCX’s Cold Wallet Reserves Haven’t Been Identified Yet
Guest-posts   |   11.02.19  |  

QuadrigaCX went offline with $190M gone after the purported founder’s death; people have declared it to be an exit scam or fraud. Paul Sibenik investigates the case Since QuadrigaCX went offline late last month due to not being able access $190M in cold storage reserves after the purported founders death, many people have declared it to be an exit scam or fraud....

Where Did $21 Mln Go? THOR Project Is Almost Broke
Cryptocurrencies   |   08.02.19  |  

... is not doing enough to develop and that THOR is becoming centralized. The audience reacts negatively to the news — many wonder what happened to the collected $21 mln, accusing the founders of the fact that the project was initially conceived as a scam. Image courtesy of CBR

Italian Crypto Fraudsters Use the Central Bank Logo In Social Networks
Crime   |   01.02.19  |  

... fabulous earnings on investments in cryptocurrency, stop at nothing. The Central Bank of Italy has applied to law enforcement authorities According to unofficial estimates, in Italy alone, the annual turnover of cryptocurrencies by social network scammers is 3 bln euros. Organized crime stands behind the numerous accounts of self-styled financial structures. The philosophy of the fraudsters is simple: it is much easier and more profitable to steal money in the virtual space than to rob a man with ...

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