Tag: scams

Dec 18 2020

US Man Admits Using Bitcoin to Help Launder $630K From Romance, Lottery Scams

Austin Nedved pleaded guilty to involvement in scams that reaped over $600,000 by targeting the elderly and vulnerable.

Dec 16 2020

Bitcoin Scam Using Unauthorized Celebrity Images in Ads Traced to Moscow: Report

A Guardian Australia investigation traced the source of a major crypto scam using Google ads to addresses in Moscow.

Dec 15 2020

Another “rug pull” takes place, taking a $1.5m market cap Ethereum coin to $15,000

Dec 15 2020 Published at CryptoSlate under tags  defi ethusd scams

It appears that another DeFi "rug pull" has taken place as investors continue to throw money at an array of Ethereum small caps, even if they don't have fully-developed products or long-standing teams. A project that is known as DistX has seen its native token crash by literally over 99 percent in the past 36 hours, falling from a $1.5 million market capitalization...

Dec 12 2020

In one day, a total of $1.2 million worth of Ethereum was stolen in three DeFi “rug pulls”

Dec 12 2020 Published at CryptoSlate under tags  ethusd scams

The past few days have marked a renaissance in altcoin trading: previously- unknown projects on Uniswap, the leading Ethereum decentralized exchange, have been rallying by thousands of percent. Even some larger names have gained hundreds of percent, somehow benefiting as Bitcoin and Ethereum have begun to falter. Some of these rallies have been predicated on true innovation: SnowSwap launched a partnership with...

Dec 10 2020

US DoJ charges tax evading ICO superstar who spent $10m on private yacht

Dec 10 2020 Published at CryptoSlate under tags  regulation scams

The founder of a high-flying ICO was charged by authorities in the US yesterday on charges of a massive tax evasion scheme. DoJ charges Oyster Pearl founder Amir Bruno Elmaani, the founder of Oyster Pearl, a storied 2017 ICO that raised millions in token sales before fizzling out...

Dec 08 2020

How this scammer “accidentally” sent $200k to Yearn.finance (YFI) founder Andre Cronje

Dec 08 2020 Published at CryptoSlate under tags  defi scams

In my time analyzing Ethereum addresses over the past few weeks, I've noticed an interesting trend: prominent funds such as Polychain Capital and prominent figures such as Andre Cronje, founder of Yearn.finance, regularly receive random coins from...

Nov 27 2020

Counter argument: why China seizing $3.2B in Bitcoin and Ethereum isn’t a big deal

Nov 27 2020 Published at CryptoSlate under tags  analysis btcusd scams

According to a report from CoinDesk, the Chinese government has seized $4.2 billion worth of cryptocurrencies. Among them is 194,775 BTC, worth $3.2 billion. Albeit the size of the Bitcoin seizure is large, an argument can be made that it is not a big deal. Two reasons why the Bitcoin seizure was expected and could be the better outcome On July 31, local...

Nov 26 2020

Russian Prime Minister Pledges to ‘Civilize’ Crypto Market and Prevent Scams

Nov 26 2020 Published at CoinDesk under tags  law news policy & regulation russia scams

Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin.

Nov 21 2020

Veteran Trader Falls for ADA Scam on Fake CoinDesk Site, Warns Community

Nov 21 2020 Published at Crypto Briefing under tags  business coindesk scams

Crypto scams are commonplace, netting $4 billion in 2019 alone. Leon Fu of...

Nov 20 2020

U.S. regulators crackdown on 15 Bitcoin and forex scammers in “sweeping action”

Nov 20 2020 Published at CryptoSlate under tags  btcusd regulation scams

Texan regulators filed charges against 15 illicit investment platforms advertising false crypto, forex, and binary options investments, as per a Texas State Securities Board (TSSB) release shared with CryptoSlate. A total of three...

Nov 19 2020

Texas Financial Regulators Crack Down on 15 Alleged Crypto Scams

Many of the alleged crypto scams had a common tactic: savvy social media posts to draw victims in.

Nov 12 2020

Hackers, Scammers Have Stolen $7.6B in Crypto Since 2011

Nov 12 2020 Published at CoinDesk under tags  blockchain analytics exchanges hacks scams tech

Billions of dollars have been stolen through exchange hacks and scams, according to a new report from blockchain analytics firm Crystal Blockchain.

Nov 09 2020

1.1m XRP stolen in phishing scam on crypto wallet Ledger lookalike

Nov 09 2020 Published at CryptoSlate under tags  hacks scams

Crypto scams and attacks are on the rise once again as the broader sector breaks out of a nearly three-year-long bear market. The process is usually as follows: Scammers target sites like YouTube, Twitter, and Google searches to trap unsuspecting users and create either fake advertisements — such as alluring giveaways — or even create a fake website using domains similar to the...

Nov 01 2020

Two multi-million dollar Ethereum DeFi project forks just “rug pulled” their investors

Nov 01 2020 Published at CryptoSlate under tags  defi ethusd scams

While the average DeFi coin is down massively since the summer highs, there have been projects launching that have caught the attention of many crypto investors, resulting in millions of dollars worth of capital raised. Two such coins are...

Oct 28 2020

OneCoin Case: Story of Scam Queen Ruja Ignatova – Tales from the Crypt – Chapter Three

Ready to get more heebie-jeebies? Changelly continues to share tales from the crypt(o) with you. Read on to know the creepy story of OneCoin and the scam queen Ruja Ignatova. We’ve also prepared a final third emoji riddle – the last key to get the reward. The first five winners will share a $100 reward. Take a deep breath and get into a...

Oct 27 2020

Bitcoin allure has darknet markets jumping to record highs (and scams)

Oct 27 2020 Published at CryptoSlate under tags  btcusd price watch scams technology

Darknet marketplaces and their operators have been the focus of authorities since the last decade. But the rise of cryptocurrencies has seemingly borne well for such illicit online shops, with a recent CipherTrace report stating they have...

Plustoken Exit Scam – Tales from the Crypt – Chapter Two

Changelly has already told our scary bedtime story about Quadriga and its founder Gerard Cotten. However, it’s not the only creepy story about cheated investors. In 2019, the most significant part of crypto losses was associated with cybercrimes such as exit-scams and Ponzi schemes, namely $3.1 BILLION. The Plustoken team has stolen $2.9 B. What a nightmare...

Oct 12 2020

Kate Winslet to act in Hollywood flick showing $4 billion Ethereum scam OneCoin

Oct 12 2020 Published at CryptoSlate under tags  culture scams

Kate Winslet is scheduled to star in an upcoming Hollywood movie chronicling the rise and fall of OneCoin, a notorious Ethereum-based Ponzi scheme that raked in $4 billion from victims worldwide. Called “Fake!,” the movie based on the book by Jen McAdam with Douglas Thompson, based on the true-life story of Jen McAdam and her involvement with the OneCoin Ponzi scheme. The book...

Oct 11 2020

Trust no one: Founders of once-$50 million Ethereum coin “rug pull” users

Oct 11 2020 Published at CryptoSlate under tags  analysis ethusd scams

While the Ethereum decentralized finance space has cooled down dramatically since the euphoria seen in August and September, the space is still rife with scammers. In fact, relative to the number of legitimate projects launching, it appears that there are a large number of scams. This much was made clear when a DeFi project that was live for nearly two months "rug pulled"...

Oct 05 2020

‘Morris Coin’ Ponzi Scheme Busted: 36-Year-Old Man Arrested in India

Police were tipped off by someone who was not directly involved in the Ponzi scheme.

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