Reading Time: 2 minutes A promoter of the Bitcoiin scam has pleaded guilty to conning investors John DeMarr helped promote Bitcoiin which promised 8,000% returns The scam was busted by the SEC and three team members were charged in February An associate of the...
A court will determine the terms of the settlement reached with the three individuals and the entity.
Around 69,000 Bitcoin has vanished from a South African investment platform, Africrypt, along with two brothers who owned the crypto firm. Africrypt Founders Took $3.6 Billion A new Bitcoin scam involving the disappearance...
Reading Time: 2 minutes There is little evidence to suggest that Gerald Cotten faked his death, according to a podcast Exit Scam podcast interviewed a journalist who went to the area where Cotten is supposed to have died He found that all records were properly...
The former practicing dentist is accused of publishing false statements to manipulate the securities market.
Reading Time: 2 minutes Former Bithumb Korea Chairman Lee Jung-hoon has been handed to prosecutors in the fraud case against him Lee was involved in the failed takeover of Bithumb Korea in 2018 and 2019 Investors lost over $25 million when the sale collapsed The...
Thinking of buying or selling an NFT? Here are some important things to keep in mind.
In Manhattan. federal prosecutors have indicted John McAfee and an associate, Jimmy Watson, for fraud and money laundering crimes. John McAfee is the founder of the McAfee antivirus software company while Jimmy Gale Watson Jr. served as the executive adviser of the McAfee crypto team. Charges Against the McAfee Team On the 5th of March, the United States Attorney for the Southern District...
Reading Time: 2 minutes The story of the Centra Tech scam is almost over, as the second co-founder was jailed Centra Tech has come to embody the ICO boom of 2017/18 From inception to demise, no other project encapsulates an era quite so much The...
Reading Time: 2 minutes Ex-BitMEX CEO Arthur Hayes is reportedly negotiating terms of a surrender to US authorities Hayes is wanted on charges relating to the illegal operation of BitMEX Hayes remains at large in Singapore, out of the clutches of the CFTC who have filed...
Reading Time: 2 minutes A fake QuadrigaCX site that popped up last month may have collected user logins The imposter site, which used the original’s URL, appeared early last month The law firm representing QuadrigaCX claimants has issued guidance A fake...
The group of US and Canadian regulators released its annual list of financial products that threaten to trap investors.
State regulation of crypto ATMs is poor and federal laws aren't much better, the commission said in a report.
Reading Time: 2 minutes Virgil Capital was thought to be a cryptocurrency hedge fund posting phenomenal returns Instead it was a Ponzi scheme set up by a 19-year-old college dropout Virgil Capital founder Stefan Qin now faces 14 years in prison for the $90 million fraud...
Reading Time: 2 minutes The founder and two promoters of Bitcoiin have been charged with fraud by the SEC Bitcoiin claimed to be the “2nd generation of the original Bitcoin” but was allegedly a scam designed to enrich the creators and promoters Bitcoiin was promoted by...
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