Tag: scam

Aug 04 2021

Africrypt Wallets Emptied Months Before Collapse Says Liquidator

Reading Time: 2 minutes The court appointed Africrypt liquidator has presented evidence that suggests the company’s wallets were empty months before the alleged hack A private detective has also found the Cajee brothers bought luxury cars, watches, and suits with investors’...

Aug 02 2021

NFT Game Founder Loses $1 Million To Scammers, Here’s How

Aug 02 2021 Published at Coingape under tags  adabch adabnb adabtc adabusd adaeth

An NFT project founder lost 16 CryptoPunks and some ETH in a phishing attack last night The total value of stolen assets is estimated to be over $1 Million Experts warn people to stay safe from fraudulent websites and projects A sudden increase in popularity has shot up the average price of CryptoPunks NFT by 53% The post NFT Game Founder Loses $1...

Jul 31 2021

Cajee Brothers Sought in International Manhunt

Reading Time: 2 minutes The Cajee brothers are the subjects of an international manhunt after conflicting reports over their whereabouts The pair fled South Africa when their Africrypt investment firm collapsed The Cajee brothers could have taken almost $3 billion in...

Jul 21 2021

Profit Connect Wealth Services Scam Busted by SEC

Reading Time: 2 minutes Profit Connect Wealth Services, a crypto scam that claimed it used a supercomputer to beat the market, has been halted by the SEC Profit Connect Wealth Services allegedly took some $12 million from investors and never traded a cent The operation...

Jul 09 2021

Swedish Man Gets 15 Years in Jail for $16 Million Fraud

He offered a ‘risk-free’ investment with promises of a 450-fold return.

Jul 08 2021

Four BitConnect Promoters to Settle With SEC

Reading Time: 2 minutes Four of the six BitConnect promoters have agreed to settle with the SEC The four will pay back monies in excess of $4 million Two of the more famous BitConnect shillers have declined to settle and may fight the case The Securities and...

Jul 05 2021

META 1 Case Highlights Crypto Scam-fighting Inefficiency

Jul 05 2021 Published at FullyCrypto under tags  cryptocurrency opinions scam sec

Reading Time: 3 minutes The case of the ongoing META 1 scam has highlighted the inefficiency in dealing with fraudulent cryptocurrencies META 1 has grown its operation since a court ruling against them, ignoring summons’ and luring in new investors Meanwhile the SEC is...

Jul 04 2021

META 1 Still Scamming Investors Despite SEC Ban

Reading Time: 3 minutes META 1, the crypto scam whose founders claim to be creating a “coin for humanity”, are still scamming investors despite an SEC ban The SEC ordered META 1 to cease and desist in March 2020 after conning millions out of ICO investors META 1...

Jun 29 2021

AfriCrypt Founders: We Were Hacked

Reading Time: 2 minutes One of the founders of AfriCrypt has denied that the platform held billions of dollars in Bitcoin Raees Cajee told the Wall Street Journal that they never managed more than $200 million He also maintained that AfriCrypt was hacked and $5...

Jun 25 2021

Africrypt Exit Scam Sees $2.3 Billion in Bitcoin Stolen

Reading Time: 2 minutes The founders of Africrypt has exit scammed with $2.3 billion in bitcoin The two brothers, aged 20 and 17, appear to have absconded with ₿69,000 Africrypt was allegedly a cryptocurrency exchange, bank, and...

Jun 24 2021

Beware the Soft Rug, Crypto’s Latest Scam

Reading Time: 2 minutes The term ‘soft rug’ has been coined to describe a team selling tokens in batches over time before pulling the plug on a project The concept of a soft rug isn’t new, but it is starting to happen more frequently There is a way to guard against...

Africrypt Stole $3.6 Billion In Bitcoin: Is This The Biggest Crypto Scam In History?

Jun 24 2021 Published at Bitcoinist.com under tags  africrypt bitcoin btc fraud news

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...

Jun 23 2021

Little Evidence Gerald Cotten Faked His Death, Says Podcast

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...

WTF Coin – The Scam That Stopped the Euros

Jun 23 2021 Published at FullyCrypto under tags  cryptocurrency cryptocurrency news scam

Reading Time: 2 minutes A pitch invader promoting WTF Coin stopped a Euro 2020 match on Monday WTF Coin claims that it was “free advertising” and is milking the stunt for all it’s worth WTF Coin is in fact nothing but a rip off shitcoin that can only further damage the...

Jun 22 2021

Is Quadriga’s Gerald Cotten Still Alive? The ‘Exit Scam’ Podcast Aims to Answer

Jun 22 2021 Published at Unchained Podcast under tags  2021 bitcoin conspiracy crypto ethereum

Aaron Lammer, author and host of the Exit Scam podcast, recounts the mysterious and controversial death of QuadrigaCX’s founder Gerald Cotton. Show highlights: A quick recap of QuadrigaCX why Aaron felt compelled to create a series on...

Jun 21 2021

Jun 20 2021

$3.6 Billion Crypto Theft: South African Bank Denies Relationship With Fraud Accused Africrypt

Jun 20 2021 Published at Bitcoinist.com under tags  africrypt bitcoin crypto scam south africa

According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. Africrypt Stops Operations Abruptly Africrypt abruptly ceased operations nearly two months ago, prompting the banking institution's denial. The crypto investment firm's management claimed at the time that Africrypt's trading system had been hacked....

Jun 18 2021

Fake Ledger Devices Sent to Data Breach Victims

Jun 18 2021 Published at FullyCrypto under tags  cryptocurrency news hack ledger scam wallet

Reading Time: 2 minutes Compromised Ledger Nano devices are being sent to Ledger hack victims The wallets purport to come from the company as an apology for the massive data leak last year The wallets contain a flash drive which allows any funds on them to go straight...

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