2019-7-6 23:09 |
Indian authorities have arrested four people associated with KBC, a crypto allegedly at the center of a scam investment scheme
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According to a July 5, 2019, report by The Times of India, State Crime Investigation Department (CID) has unearthed yet another cryptocurrency scam in Surat, India, which is estimated to have defrauded investors of more than $180,000.
2019-7-6 21:00 | |
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Cryptocurrencies like bitcoin are Ponzi scheme and deserve to be banned to protect investors, at least according to Anurag Agarwal. The joint secretary for India’s Ministry of Corporate Affairs accused bitcoin of simplifying financial frauds in the Indian markets.
2019-5-4 14:00 | |
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By CCN. com: An official from an investor watchdog group in India likened cryptocurrencies to a Ponzi scheme, and voiced his support for them to be banned to protect investors. Anurag Agarwal, chief executive officer of the Investor Education and Protection Fund Authority, made the comments Friday, according to local reports.
2019-4-26 17:17 | |
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Indian Supreme Court Bails Bitcoin Ponzi Scheme Mastermind Amit Bhardwaj Out It looks like you can steal $300 million USD with a Bitcoin Ponzi scheme and get away with that, at least if you’re in India, that is.
2019-4-4 21:38 | |
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Amit Bhardwaj, a man accused of running a $300-million Bitcoin Ponzi scheme, has reportedly been granted bail on medical grounds, citing a deteriorating kidney condition. The former entrepreneur, who was arrested in Bangkok last year, was reportedly admitted into Apollo Hospital in India, maintaning he needed regular dialysis treatment to treat his condition.
2019-4-4 13:46 | |
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Exactly a year after Thane security operatives crushed a scam cryptocurrency project worth five billion rupees, Delhi police have reportedly arrested another associate of the head of the scheme according to local media, The Indian Express on January 7, 2018.
2019-1-9 08:00 | |
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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 | |
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Scammers lured about 8,000 people into their scheme by offering unrealistically high returns.
2018-12-22 22:27 | |
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The Times of India reported on December 20, 2018, that the cyber crime branch of Pune police had seized 452 bitcoins worth $1. 8 million from one of the ten suspects involved in a cryptocurrency related Ponzi scheme case.
2018-12-21 01:00 | |
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In September, we wrote about how politicians in India were bribing voters with free smartphones worth millions of dollars. The next trend in campaigning also involves free phones, but in a more old-fashioned way.
2018-11-19 12:45 | |
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November 13, 2018, Diego Garcia, British Indian Ocean Territory (BIOT): A massive “sexstortion” scheme that has been raking in millions of dollars in Bitcoins from terrified victims has been traced to the Bitcoin money laundering site Bitblender.
2018-11-14 23:04 | |
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Ambidant Marketing allegedly lured individuals with "halal" investment.
2018-11-14 22:56 | |
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A one-year-old cryptocurrency fraud case, involving an Indian suspect, has reached a deadlock, as affected investors refuse to testify. Lack of Witness Testimonies Stall Proceedings A Goregaon resident, Subhashchand Jewria, was accused of luring investors to his fraudulent cryptocurrency scheme in 2017.
2018-10-17 20:08 | |
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Amit Bhardwaj, whose scheme was cracked during the summer months, sees properties seized in connection to the investigation of a Bitcoin Ponzi scheme.
2018-9-26 19:46 | |
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Money attracts thieves and masterminds of what could be the largest Bitcoin Ponzi scheme in history are facing justice. Vivek Bhardwaj, a software developer and brother of Gain Bitcoin founder and CEO Amit Bhardwaj, was brought to Delhi, India on Sept.
2018-9-24 21:30 | |
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The Indian CID authorities are widening their investigation into the fallout from the BitConnect scheme.
2018-9-12 18:53 | |
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The mastermind of the scheme, Gardas Ramesh, has been involved in similar schemes before.
2018-8-30 18:51 | |
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Yet another cryptocurrency-based Ponzi MLM scheme surfaced on August 25, 2018, as the police caught five fraudsters in the city of Hyderabad, India. While raiding a local real estate firm, GRM Estates Pvt.
2018-8-29 05:00 | |
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Murkier details of the Bitconnect cryptocurrency scam have emerged as police have arrested the head of the defunct cryptocurrency exchange. [Note: This is a guest article submitted by Bhushan Akolkar] Bitconnect — A Pyramid Scheme of Scams Last Saturday, August 18, Indian authorities arrested Divyesh Darji, the Asian head of defunct cryptocurrency exchange, in a high-profile scam worth 880 billion Indian Rupees ($12.
2018-8-21 13:00 | |
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Nearly eight months after BitConnect pulled one of the most iconic exit scams in cryptocurrency history, the authorities across the globe are still catching up with the crooks behind the pyramid scheme.
2018-8-20 14:19 | |
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In a somewhat surprising twist, Amit Bhardwaj, the man behind the notorious Bitcoin Ponzi scheme, has pledged to pay back his victims in Indian rupees (INR) according to report on July 18, 2018. The Schemer’s Path Towards Prison Bhardwaj caught the attention of police and global media houses in April 2018, when the police arrested him for setting up an.
2018-7-20 19:00 | |
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Amit Bhardwaj, the Ponzi scheme kingpin accused of scamming thousands by promising outlandish returns on investments in Bitcoins, has offered to pay back investors their initial investments in Indian rupees even as one of the country’s largest cryptocurrency exchanges, Zebpay, has been roped in to help with the investigation. What Was Bharadwaj's Ponzi Scheme? Over […]
2018-7-20 13:06 | |
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News The alleged bitcoin Ponzi kingpin, Amit Bhardwaj, has reportedly offered to pay back the initial investments in Indian rupees to those who lost money through his scheme. However, victims want the current value of their cryptocurrencies, not the initial investments.
2018-7-19 07:46 | |
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The alleged bitcoin Ponzi kingpin, Amit Bhardwaj, has reportedly offered to pay back the initial investments in Indian rupees to those who lost money through his scheme. However, victims want the current value of their cryptocurrencies, not the initial investments.
2018-7-19 05:30 | |
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GainBitcoin was exposed as a Ponzi scheme, and the investigation by the Indian police force has continued to progress. The scheme stole $300 million, but authorities have said that they presently have new “crucial clues” to see how this fake company ended up laundering so much money.
2018-7-16 09:17 | |
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News Turkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors.
2018-6-20 04:00 | |
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Google has taken legal action against a group of individuals it accuses of defrauding over 100,000 people globally by distributing counterfeit crypto apps through its Google Play store, CNBC reported.
More memecoins might also mean more scams.
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257. 7 ETH (equivalent to $11. 6 million) via a flash loan attack on the protocol.
The FBI’s Internet Crime Complaint Center (IC3) has released its 2023 report, revealing a significant rise in crypto-related fraud and the use of digital assets in cybercrime. The 2023 IC3 report serves as a comprehensive overview of the current state of internet crime, including the challenges and risks posed by the use of crypto in […] The post FBI cybercrime report reveals crypto investment fraud in the US rose 53% YoY appeared first on CryptoSlate.
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau's Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime.
Crypto industry losses amounted to $67 million in February over 12 incidents, with hacks accounting for 97. 54% of funds stolen, according to Immunefi’s latest crypto losses report. Meanwhile, the remaining 2.
A sophisticated social engineering campaign successfully duped several prominent crypto news outlets into promoting a fabricated $10 million Uniswap airdrop on Feb. 16. The scammer, posing as a Uniswap Foundation representative, offered coordinated publicity in tandem with the legitimate Uniswap v4 announcement.