My Big Coin founder sentenced to 8 years for defrauding investors

U.S. District Court Judge Denise Casper sentenced the founder of a multi-million fraudulent crypto scheme to eight years. The team amassed $7.6 million and spent it on a house, cars, and other The post My Big Coin founder sentenced to 8 years for defrauding investors appeared first on AMBCrypto. дальше »

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Founder of $7.5M 'brazen fraud scheme' to see 8 years behind bars

Randall Crater will pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release. дальше »

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Hackers Take Control Of Robinhood Twitter Account To Promote Fake Crypto

Hackers broke through the social media accounts of Robinhood, a prominent US online trading platform, to peddle a fraudulent coin. The fake token is called RBH on the Binance Smart Chain. Wednesday, the account released a tweet announcing the debut of the suspicious coin on BSC, with an initial price of $0.005. An analysis of the […] дальше »

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Robinhood confirms Twitter hack that promoted fraudulent crypto token

Robinhood confirmed that several of its social media accounts were breached earlier today in a statement emailed to CryptoSlate on January 25. The post Robinhood confirms Twitter hack that promoted fraudulent crypto token appeared first on CryptoSlate. дальше »

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Robinhood’s Twitter Account Hacked to Promote Scam Token on BNB Chain

Some users were tricked into buying a fraudulent cryptocurrency by the compromised Robinhood account дальше »

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800 victims of ‘massive’ Bitconnect fraud to receive $17M restitution

The millions will be distributed among the select number of victims, but thousands more were impacted by the $2.4 billion fraudulent scheme. дальше »

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Scam Alert: Dogecoin Community Warns of Fraudulent New Token

Users beware as Dogecoin community issues alert on new scam token дальше »

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Magic Eden falls victim to exploit: Here's why your NFTs are safe

Magic Eden stated that an exploit resulted in the sale of 25 fraudulent NFTs across four collections in the last 24 hours. The NFT marketplace has promised to refund all users who were duped inThe post Magic Eden falls victim to exploit: Here's why your NFTs are safe appeared first on AMBCrypto. дальше »

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These 17 Fraud Crypto Websites Have Been Flagged By California Regulators

A total of 17 questionable crypto websites, which also include crypto brokers, have been flagged by the California Department of Financial Protection and Innovation (DFPI). These websites are believed to be conducting fraudulent practices. дальше »

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Californian regulatory body issues alert about 17 crypto websites

The Californian regulatory body has issued 17 alerts over the past two days against potentially fraudulent crypto brokers and websites. As per a CertiK report, 84% of videos on YouTube mentioniThe post Californian regulatory body issues alert about 17 crypto websites appeared first on AMBCrypto. дальше »

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OneCoin Co-Founder Karl Sebastian Greenwood Pleads Guilty to Fraud Charges

OneCoin was a fraudulent cryptocurrency that was marketed through a global multi-level marketing (MLM) network. Its co-founder has now pleaded guilty to fraud charges related to its operations. The post OneCoin Co-Founder Karl Sebastian Greenwood Pleads Guilty to Fraud Charges appeared first on BeInCrypto. дальше »

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$4B OneCoin scam co-founder pleads guilty, faces 60 years jail

The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering. дальше »

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Co-Founder of OneCoin Pyramid Scheme Pleads Guilty; ‘CryptoQueen’ Still Wanted

One of the founders behind OneCoin pleaded guilty to federal U.S. charges on Friday after one of the largest financial scams of all time, according to the Department of Justice. The purported cryptocurrency project was fraudulent from its 2014 beginnings, prosecutors said, with OneCoin – co-founded by Karl Greenwood – setting up a pyramid scheme to market it to millions of people, generating as much as $4 billion in revenue. дальше »

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Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail. дальше »

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Congressman Tom Emmer alleges SEC Chairman Gensler was aware of FTX fraud

United States Congressman Tom Emmer has alleged that SEC Chairman Gary Gensler knew that FTX was fraudulent, but still held meetings with the disgraced founder Sam Bankman-Fried. The post Congressman Tom Emmer alleges SEC Chairman Gensler was aware of FTX fraud appeared first on CryptoSlate. дальше »

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Binance investigates abnormal price changes for specific pairs

Binance has decided to launch an investigation into possible fraudulent activity on its site after observing unusual price fluctuations for some pairs. дальше »

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What is NFT wash trading? Examples of how it works

Dec 2022, CoinGecko and Footprint Analytics Joint Report There is an underlying assumption that the entire NFT market is fraudulent and only consists of wash traders. The post What is NFT wash trading? Examples of how it works appeared first on CryptoSlate. дальше »

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Crypto firms under probe by U.S. consumer watchdog for deceptive ads

The United States' Federal Trade Commission (FTC) is probing several crypto firms for potentially fraudulent or misleading advertising. According to FTC spokesperson Juliana Gruenwald, the agency is lThe post Crypto firms under probe by U. дальше »

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EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’

Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil. дальше »

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“Sam Bankman-Fried’s days of freedom are numbered,” Mike Novogratz predicts

Galaxy Digital CEO Mike Novogratz, not holding back on what he believes SBF deserves, stated some of his actions with FTX were illegal and fraudulent and his day in jail will come. “Liars lie and will continue to lie,” Mike… дальше »

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US lawmakers ask DOJ hold FTX execs accountable ‘to the fullest extent of the law’

“The fall of FTX was not simply a result of sloppy business and management practices, but rather appears to have been caused by intentional and fraudulent tactics,” said the letter. дальше »

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Acknowledging the Trust Fallacy Surrounding KYC Verified Accounts

There’s no doubt in the minds of financial organizations and anti-laundering regulators that Know Your Customer (KYC) verified accounts prevent fraudulent activity– and according to Alex Zeltcer from nSure.ai, that’s exactly the problem. дальше »

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Assessing the details of this latest Ponzi scheme amid the current market state

A 27-year-old investment manager from Ohio was arrested on 18 November for allegedly running a crypto Ponzi scheme. This fraudulent cryptocurrency investment scam raised at least $10 million from inveThe post Assessing the details of this latest Ponzi scheme amid the current market state appeared first on AMBCrypto. дальше »

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FTX may be a fraud, Ripple CEO suggests

Ripple CEO Brad Garlinghouse suggested that the edgy FTX exchange was a fraudulent scheme.  Garlinghouse dismisses FTX unregulated claim as “overstated” During a recent interview on CNBC International today, Ripple CEO Brad Garlinghouse, while speaking on the current trend in… дальше »

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Tom Brady and other celebrities named in class-action lawsuit against FTX

Evidence suggests “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors,” according to the lawsuit. дальше »

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Ripple CEO Suggests FTX Was Fraudulent

Ripple CEO Brad Garlinghouse believes that the failed FTX cryptocurrency exchange might be a fraudulent scheme дальше »

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Orbeon Protocol aims to protect users from scams and rug-pulls

Recent years have seen a proliferation of scams in the crypto industry, with investors losing billions of dollars to fraudulent projects. The industry's decentralized nature has exacerbated the probleThe post Orbeon Protocol aims to protect users from scams and rug-pulls appeared first on AMBCrypto. дальше »

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British Bank Santander To Block Transfers To Crypto Exchanges In 2013

As part of measures to protect consumers from fraudulent activities, Santander will restrict UK customers from transferring real-time payments to cryptocurrency exchanges beginning in 2023, Reuters reported, citing the bank’s Friday email statement. дальше »

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CFTC Issues Order Against Fraudulent Crypto Arbitrage Company

The Commodity Futures Trading Commission (CFTC) has issued an order against the CEO of a fraudulent crypto trading firm "Abritraging.co." дальше »

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Terra co-founder Do Kwon faces $57-million lawsuit in Singapore

The lawsuit alleges Kwon and others made fraudulent claims on UST “either well knowing that they were false and untrue, or recklessly not caring whether they were true or false.” дальше »

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Is 2022 the "year of crypto hacks" as this attempt makes it to the "Hacktober" list

A group of individuals hacked the official Twitter account of cryptocurrency exchange Gate.io, and proceeded with a fraudulent Tether [USDT] giveaway scheme. The hacking effort has put over one millioThe post Is 2022 the "year of crypto hacks" as this attempt makes it to the "Hacktober" list appeared first on AMBCrypto. дальше »

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Mastercard launches new product to help banks combat crypto-related crime

Mastercard announced it would debut a software product that helps banks detect and block fraudulent transactions from going through crypto exchanges, according to a report on October 4, 2022. The post Mastercard launches new product to help banks combat crypto-related crime appeared first on CryptoSlate. дальше »

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Mastercard Unveils Secure Tool To Fight Growing Crypto Fraudulent Activities

Amid the growing frauds in the crypto sector, the multinational financial service organization, Mastercard, has unveiled a new feature to prevent and detect crypto-related fraud operations within its network. дальше »

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Taliban Targeting Afghan Crypto Users

Afghan police forces are targeting crypto dealers for trading what is now considered fraudulent digital currencies by the nations central bank. “Fraudulent” Currencies The Taliban is coming for crypto owners.... дальше »

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Chargebacks: A Big Problem for Crypto Exchanges. Here’s the Fix

Chargebacks: Digital currency marketplaces need to defend against fraudulent transaction disputes, which are a rising problem. The post Chargebacks: A Big Problem for Crypto Exchanges. Here’s the Fix appeared first on BeInCrypto. дальше »

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Coinbase hit with 2 fresh lawsuits amid SEC probe

In both cases, plaintiffs allege Coinbase made fraudulent and misleading statements about the company's business, operations and compliance efforts throughout the class period. дальше »

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How The SEC Uncovered A $300 Million Crypto Pyramid Scheme

According to a press release issued by the U.S. Securities and Exchange Commission (SEC) on August 1st, eleven people have been charged for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that brought up more than $300 million from millions of retail investors across the globe. The decentralized finance (DeFi) […] дальше »

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US SEC charges 11 for role in $300M Forsage crypto pyramid scheme

The US Securities and Exchange Commission (SEC) charged eleven people on August 1 for their involvement in Forsage, a fraudulent crypto pyramid scheme that raised $300 million from investors around the world. дальше »

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SEC charges 11 people over $300 million crypto Ponzi scheme

The US Securities and Exchange Commission (SEC) has announced that it has filed charges against 11 individuals in connection with a fraudulent crypto project that raised over $300 million from investors across the world. дальше »

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U.S. Senator seeks safeguards disclosures from Apple, Google amid rise in fake crypto apps

United States Senator Sherrod Brown (D-Ohio) sent letters to Tim Cook, CEO of Apple, and Sundar Pichai, CEO of Google and Alphabet on July 28, asking for information about what the companies are doing to protect users from fraudulent cryptocurrency apps. дальше »

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Titanium Blockchain CEO pleads guilty in $21M fraudulent ICO case

Titanium Blockchain founder and CEO Michael Alan Stollery pleaded guilty to conducting a fraudulent initial coin offering (ICO) touted to be worth $21 million. The post Titanium Blockchain CEO pleads guilty in $21M fraudulent ICO case appeared first on CryptoSlate. дальше »

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Titanium Blockchain CEO Pleads Guilty in $21M Securities Fraud Case

Michael Stollery admitted to carrying out a fraudulent initial coin offering back in 2018. дальше »

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FBI detects fake crypto apps that scammed $42.7M from 244 victims

The United States Federal Bureau of Investigation (FBI) detected three fake crypto apps that stole around $42. 7 million from 244 victims between October 4, 2021, and May 13, 2022, and recently issued a public warning against such fraudulent applications. дальше »

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FBI releases advisory on fraudulent crypto apps

With crypto-based cyber fraud victims having lost more than $42.7 million so far, the…

The post FBI releases advisory on fraudulent crypto apps appeared first on CoinJournal.

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Ukraine Is Getting Aid From This DeFi Project

Blockchain networks are decentralized, meaning that they can be used to make payments without centralized authorities deciding which transactions are allowed. While some argue that such systems can enable fraudulent transactions, blockchain networks use advanced mathematical technologies called consensus mechanisms to prevent this. дальше »

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Six Charged with NFT and Crypto Fraud Schemes Worth Over $130 Million

This week US prosecutors announced that six people have been indicted in four fraudulent NFT and crypto schemes involving more than $130 million in losses to investors. Included in the indictments were a Ponzi scheme, an ICO, investment fraud and an NFT scam. дальше »

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Grayscale Flips The Script And Sues The SEC After Spot Bitcoin ETF Plan Rejection

The SEC rejected Grayscale’s application late Wednesday on the grounds that it did not do enough to shield investors from “fraudulent and manipulative acts and practices." дальше »

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NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security

Falling prey to a fraudulent link can be devastating to one’s personal investment portfolio. Here are three ways a hard wallet can protect you. дальше »

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Richard Branson Targets Tech Firms Hosting Fraudulent Crypto Ads

British tycoon Sir Richard Branson, a known bitcoin advocate, targets tech firms publishing fraudulent crypto schemes using his name. The post Richard Branson Targets Tech Firms Hosting Fraudulent Crypto Ads appeared first on BeInCrypto. дальше »

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Richard Branson ramps up efforts to end crypto scams using his name

Richard Branson, the founder of the Virgin Group, is looking to stop the use of his name in fraudulent crypto schemes, the British billionaire disclosed in an interview. The post Richard Branson ramps up efforts to end crypto scams using his name appeared first on CryptoSlate. дальше »

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