For some time, former kickboxer and social media influencer Andrew Tate has been heavily promoting the meme coin Daddy Tate (DADDY). At various points in recent months, the campaign has been marked with noted success as the cryptocurrency achieved various…[Continue Reading...]
Over a span of five years, starting in 2018, fraudsters operating in Himachal Pradesh reportedly scammed numerous cryptocurrency investors of ₹400 crore, initial police investigation suggested. This coincided with a surge in the crypto market. But that is just the…[Continue Reading...]
The U.S. Commodity Futures Trading Commission (CFTC) has imposed $1.7 billion in restitutions against a South African BTC scam in the agency’s largest fraud scheme case involving digital assets. A court in the Western District of Texas ordered Mirror Trading International (MTI)…[Continue Reading...]
The fraudulent investment program known as a Ponzi scheme entices investors with the promise of extremely high profits. The Ponzi scheme is named after Charles Ponzi, who gained popularity in the early 20th century for employing this method. It operates…[Continue Reading...]
"If you don't understand the intricacies of how cryptocurrency works, I beg you not to invest in it." So says Jen McAdam, a Scottish coal miner's daughter, who was one of the countless victims of the insidious OneCoin global cryptocurrency…[Continue Reading...]
Actor and 'Easy Money' author Ben McKenzie joins 'Squawk Box' to discuss the flaws and shortcomings of cryptocurrency, the inherent risks and practices within the industry, and more.[Continue Reading...]
Ukrainian authorities have uncovered a crypto pyramid scheme that has bilked investors out of millions. Most of the ten under arrest were citizens of the Russian Federation. The organizers tried to hide their involvement after the invasion of Ukraine in…[Continue Reading...]
Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed, fireballs erupted and Alicia Keys' "Girl on Fire" blared through the speakers. "Looks like a girl, but she's a flame.…[Continue Reading...]
The cryptocurrency industry is no stranger to shady schemes and scams. With each new blockchain and coin launched, investors must consider the risk of being conned. As another project gains popularity, known as the Pi Network, suspicions are arising around…[Continue Reading...]
The Securities and Exchange Commission today charged Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose Ramiro Coronado Reyes for their roles in creating and promoting Forcount Trader Systems, Inc., a fraudulent crypto asset pyramid…[Continue Reading...]
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