2022-8-26 16:12 |
Crypto Ponzi schemes have increased over the past couple of years. This is how to spot them.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
|
Uganda wants to ban pyramid schemes, but cryptocurrencies may come under fire as well
2020-2-6 15:05 | |
|
|
The Ugandan Ministry of Finance have once again issued a warning about investing in crypto-assets, over concerns of rising Ponzi and pyramid schemes. Local sources say the Government is now updating its Penal Code Act to outlaw these types of scams Crypto Ponzi schemes are pilfering Ugandan investors Uganda’s State Minister of Finance, David Bahati, spoke to Uganda’s Parliament yesterday, and asked the government to publish public warnings to Ugandan investors about the risks ofRead More The post appeared first on Bitcoinist.com.
2020-2-6 05:00 | |
|
|
In 2019, the Bank of Russia discovered 237 financial Ponzi schemes that operated on the territory of Russia. Many of them promised high returns and encouraged investing in cryptocurrencies.
2020-2-7 15:13 | |
|
|
Central bankers who initially discounted Bitcoin and other public crypto assets as fraud, Ponzi schemes or scams, have suddenly changed their stance. Banks Now Love Crypto, But Only if They Can Control It Bank of France Governor Francois Villeroy de Galhau is the latest monetary policymaker who has recently commented on cryptocurrency and advocated for the technology to be issued and controlled by central banks.
2020-1-27 19:30 | |
|
|
Crypto holders are always excited by the idea of receiving a passive income. While Ponzi schemes dominate in this room, the DeFi era provides a fair alternative.
2020-1-2 19:00 | |
|
|
The cryptocurrency industry has gotten a bad reputation through the years for the scams that have plagued it, and another one has recently been added to the ranks. In the same way that BitConnect and Plus Token were discovered to be Ponzi schemes, so has the Cloud Token according to a report and AZC News. […]
2019-12-24 01:26 | |
|
|
Over the past 24 hours, the market experienced high levels of volatility. This could be related to one of the largest Ponzi schemes in the history of the cryptocurrency industry. PlusToken moves a large amount of Ethereum On Wednesday, Ethereum experienced a massive upswing.
2019-12-19 18:00 | |
|
|
It was only after continuous selling pressure suppressed the price of Bitcoin, Ethereum, and a few other major altcoins that people realized a couple of major Ponzi schemes from 2019 might be unloading their bags into the market.
2019-12-17 14:00 | |
|
|
Two of the largest Ponzi schemes in the history of the cryptocurrency industry could be behind the bearish momentum that Bitcoin has seen in the last few months, according to a renowned fund manager.
2019-12-10 20:33 | |
|
|
The OneCoin website is finally down – further unraveling one of the biggest Ponzi schemes in the crypto space. The portal that offered “educational packages” was a remnant of the scheme, and is still carrying user balances.
2019-12-3 18:00 | |
|
|
The creators of the PLUS token Ponzi scheme were apprehended by Chinese authorities earlier this year for scamming a record $3B in Bitcoin. Recent analysts have discovered that these funds are being regularly dumped on the market.
2019-11-29 20:43 | |
|
|
Shenzhen is the blockchain hub of China, but its law enforcement will soon be cracking down on cryptocurrencies. The state has identified some 39 illegal cryptocurrency companies operating within the city.
2019-11-23 00:17 | |
|
|
David Schwartz, Ripple CTO says it’s just an attempt to “get clicks” on the “PR Stunt” by leveraging XRP’s name More than $400 million worth of XRP are traced back to illegal activities, with a large portion of it to Ponzi schemes and scams, Elliptic, a blockchain analytics startup said in its report, released Wednesday. […]
2019-11-21 17:38 | |
|
|
With over $4b in stolen cryptocurrency so far this year in hacks alone, the growing number of Hacks, Scams, Ransomware, Ponzi schemes and other nefarious actions call for the need of an effective system for victims to attempt to reclaim these funds.
2019-11-1 15:05 | |
|
|
Scams and Ponzi schemes have existed in the cryptocurrency space since its inception. The likely first-ever use of the word ‘shitcoin’ was posted on BitcoinTalk all the way back in 2010 The word ‘shitcoin’ has been floating around in the cryptocurrency sphere for many years now, but most don’t know exactly where it originated from.
2019-10-7 19:20 | |
|
|
The cryptocurrency market has not been able to keep itself safe from activities like fraud, Ponzi schemes, scams, and hacks. The world of cryptocurrencies has seen hackers stay one step ahead, despite the fact that many entities have taken several security measures to prevent funds from being stolen.
2019-8-13 14:00 | |
|
|
Self-proclaimed bitcoin inventor Craig Wright torched crypto evangelists Roger Ver, Vitalik Buterin, and Binance CEO Changpeng Zhao as con artists who are projecting their own criminality onto him.
2019-7-30 20:33 | |
|
|
Like all Ponzi schemes, South Africa’s cryptocurrency investment scheme Bitcoin Wallet is reportedly on the verge of collapse. The Bitcoin scam which was initially based in Kwa-Zulu Natal’s rural town of Ladysmith has allegedly run out of money to pay out to investors.
2019-7-9 13:47 | |
|
|
There is one reason not to invest in Ponzi schemes: you will be scammed. Sure, you can believe that you will have a degree of success in case you go in and get out pretty quickly, but the truth is that you will generally only lose money. This is exactly what happened to the investors […]
2019-7-9 00:09 | |
|
|
Ponzi schemes in the crypto ecosystem can be traced back to every single bull run that attracted a new wave of naive investors. Although such scams maintain its stronghold within the budding markets, Tron made headlines after being linked to a billion-dollar Ponzi scheme with Chinese investors.
2019-7-8 18:02 | |
|
|
The U. S department of Justice is looking to extradite Swedish citizen for money laundering, wire fraud and securities fraud through a crypto scam amounting to $11 million USD. The blockchain world has long been troubled by the scams, thefts and hacks prevalent on the users’ private keys.
2019-6-20 17:25 | |
|
|
The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.
2019-6-4 19:03 | |
|
|
Major economies of the world are looking forward to meeting in Japan next month and finding a middle ground on the long-running issue of cryptocurrency and crypto-exchanges. The world of cryptocurrency has often been a target for hackers, scammers, money launderers and Ponzi schemes, which is why many governments are prepared to take regulatory steps […] The post G20 Summit in June may introduce a registry for the world’s cryptocurrency exchanges appeared first on AMBCrypto.
2019-5-31 13:00 | |
|
|
From exchange hacks to propped-up ICOs to shady investor plots, Ponzi schemes in cryptocurrency markets have been layered to swindle billions of dollars from gullible investors, and in some cases, have succeeded.
2019-5-31 22:30 | |
|
|
Vexa Global, a crypto ATM company and exchange has been considered a Ponzi scheme by one of the most recognized sites investigating MLM schemes. According to Behind MLM, this company doesn’t provide any information about itself and how they run the business.
2019-5-11 20:49 | |
|
|
In the financial world, there will always be people with less than honest intentions. That is only to be expected, primarily because a lot of people want to make money at all costs. Ponzi Schemes are often a great way to attract a lot of money, even though they will always be shut down in […] The post Top 7 21st-Century Ponzi Schemes appeared first on NullTX.
2019-5-10 13:30 | |
|
|
Bitcoin prices may slide below $5,000 To protect investors, an Indian government official suggests banning of cryptocurrencies An Indian official believes cryptos including Bitcoin are Ponzi schemes that the country’s regulator should ban.
2019-4-30 22:00 | |
|
|
The cryptocurrency market and space has been plagued with fraudulent schemes, exchanges, practices, and participants. This is something that has affected the integrity of the market and of virtual currencies.
2019-3-20 06:33 | |
|
|
Anyone who’s spent any time in cryptocurrency communities knows fraud is a widespread issue. We’ve seen ‘pump and dump’ tactics, Ponzi schemes, Twitter cryptocurrency scambots impersonating tech moguls like Elon Musk, and multi-million dollar exit-scams.
2019-3-19 12:17 | |
|
|
In the cryptocurrency world, there has never been a shortage of dodgy projects, Ponzi Schemes, and outright scams. Most of those projects are all in the past, yet new ones tend to pop up every now and then.
2019-3-1 12:12 | |
|
|
Greed and capitalism have had a long and co-dependent relationship. However, human greed knows no bounds and people are always scheming to profit, regardless of the legality of the operation. From Ponzi schemes to outright theft, no industry is isolated from them, January 5th was just another reminder of this fact. At the start of […]
2019-2-11 21:26 | |
|
|
ETH scams trends have changed dramatically over the past 24 months, and this seems likely to continue
2019-2-4 15:55 | |
|
|
Whether it’s multi-million dollar exit scams, Ponzi schemes, or sophisticated networks of remote-controlled Twitter scambots, this year saw some of the most epic and sophisticated cryptocurrency schemes to date.
2018-12-27 13:00 | |
|
|
The GainBitcoin Ponzi scheme was among the most significant Bitcoin schemes to hit the crypto space. In addition to stirring up a new round of panic and accusations that the cryptocurrency community ought to be more properly regulated, this Ponzi scheme is linked to another scam which set the stage for the OneCoin MLM scam, […]
2018-12-23 04:02 | |
|
|
The world of cryptocurrency is suffering from the endless scams and pyramid schemes cropping up daily. In this article we focus on the Exp Asset scheme that promises a 120% return on investment (ROI) in 120 days.
2018-12-9 19:36 | |
|
|
With more crypto mining schemes popping up every day, it can be quite difficult for unsuspecting individuals who just want a decent source of passive income, to choose the right programs to invest in.
2018-12-4 19:10 | |
|
|
Uganda will seek to regulate crypto assets to prevent criminals from exploiting digital currencies to scam citizens. This comes as thousands of Ugandans have fallen victim to a number of Ponzi schemes, including the D9 Club, which promised to pay members in bitcoin.
2018-11-24 21:00 | |
|
|
The country’s financial regulator has also issued a new public warning about the most used technique in virtual asset Ponzi schemes.
2018-10-26 19:09 | |
|
|
Just recently Josh Garza was sentenced to 21 months of prison and six months of home confinement for his role in the many Ponzi scams like Gaw Miners, Zen Miners, Hashlets, and of course the controversial Paycoin that appeared in 2014.
2018-9-15 04:15 | |
|
|
Thomas Carter, a fintech startup veteran and serial entrepreneur, is on a mission to disrupt the traditional finance model capital raising by leveraging cryptocurrency and blockchain technology. Although ICOs are known for their scams and Ponzi schemes, Carter has found a new way to leverage the ICO model and create an alternative to bank financing without the messy scams.
2018-9-14 19:00 | |
|
|
Известный финансовый эксперт профессор экономики Нью-Йоркского университета Нуриэль Рубини (Nouriel Roubini) считает, что падение цены ETH было предсказуемо, поскольку в сети Ethereum слишком мало активных децентрализованных приложений (DApp).
2018-9-11 12:41 | |
|
|
Bitconnect eventually turned into one of the biggest Ponzi Schemes the cryptocurrency industry has ever seen, surprisingly it is still actively listed on exchanges today. While the number of trading opportunities is nearly reduced to zero, it seems some service operators still have some cleaning up to do. The two following platforms still have active […]
2018-9-4 19:00 | |
|
|
The mastermind of the scheme, Gardas Ramesh, has been involved in similar schemes before.
2018-8-30 18:51 | |
|
|
Meet The Self-Proclaimed Ponzi Scheme and Exit Scam The cryptocurrency market has its fair share of shady schemes — think Bitconnect or any of the multitude of exit scams that have occurred in the past few years.
2018-8-25 23:08 | |
|
|
Unrelenting Rip-Offs? Ethereum’s Gambling Problem Is Getting Out Of Hand Ethereum has a gambling challenge. Since last month, there are products which are similar to Ponzi schemes that have topped charts among distributed applications.
2018-8-20 18:19 | |
|
|
Earlier this year in July, products that have been resembling ‘Ponzi Schemes’ have been ‘topping the charts’ amongst decentralised applications (dapps) which are running on the globes second biggest blockchain.
2018-8-20 23:00 | |
|
|
Indian Police Dismantles Two Bitcoin Ponzi Schemes and Arrests Suspects Cryptocurrency and Bitcoin Ponzi schemes spread all over the world. This time, the Indian police was able to arrest two individuals that were involved in the ‘GainBitcoin’ Ponzi case.
2018-8-19 06:33 | |
|
|
Mining and trading Ponzi schemes were the most popular tools for crypto fraudsters, the police data revealed.
2018-8-10 21:02 | |
|
|
The cryptocurrency market keeps evolving in terms of regulations. Barbara D. Underwood, New York State Attorney General, announced a new Investor Protection Bureau Chief. Cynthia Hanawalt will be the Chief of the office of the New York General Attorney, and will be responsible for the Ponzi schemes and fee overcharge, among other risks related to […]
2018-8-10 10:57 | |
|
|
| Analogue Notcoin - TapSwap |
John Bigatton, a former promoter of the notorious BitConnect scheme, has pleaded guilty to criminal charges
Canada’s self-named ‘crypto king’ has been has been charged with $30 million fraud. According to a May 15 announcement from the Ontario Securities Commission, Two Canadian men, namely Aiden Pleterski, 25, and Colin Murphy, 27, have been charged for duping…
The FBI has uncovered a multi-year Ponzi scheme defrauding investors of $43 million, linked to crypto trading, with an individual now facing wire fraud charges. A Manhattan resident, Idin Dalpour, is accused by the FBI of orchestrating a multi-million-dollar Ponzi…
Social media influencer Jabara Igbara, commonly known as Jay Mazini, was sentenced to seven years in prison for stealing over $8 million from Muslims via a crypto fraud scheme.
Explore the Bitcoin Ponzi scheme debate. Check the criticisms, Ponzi explanation, and why Bitcoin isn't one.
A New York District Court jury convicted two men associated with IcomTech, a company that presented itself as specializing in cryptocurrency mining and trading, of wire fraud conspiracy. The individuals, David Brend and Gustavo Rodriguez, now potentially face up to…
Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions.