2019-12-13 01:31 |
Shopin founder Eran Eyal pleads guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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The Stellar Development Foundation is shutting down its $120 million airdrop program amid fraudulent account sign-ups. Stellar’s largest airdrop to date is canceled In September, the Stellar Development Foundation (SDF)—“a non-profit organization founded in 2014 to support the development and growth of the open-source Stellar network”—partnered up with Keybase, a free group messaging community and […] The post Stellar Lumens puts an end to its largest airdrop to date appeared first on CryptoSlate.
2019-12-12 18:32 | |
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Shopin Founder and CEO Eran Eyal allegedly spent $500,000 of investor funds on personal expenses
2019-12-13 03:55 | |
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Several executives from the South Korean cryptocurrency exchange CoinUp, including its president, were arrested on charges of fraud that amount to nearly $400 million. Local media outlets report that nine of the company’s executives were arrested on Nov 11 after an extensive investigation that began in 2018.
2019-11-13 19:28 | |
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The United States Commodity Futures Trading Commission (CFTC) has taken action against Circle Society, Corp and its founder, David Gilbert Saffron for defrauding people through a Ponzi scheme disguised as a bitcoin-powered $11 million binary options trading project.
2019-10-18 09:00 | |
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A man in the US has been charged for allegedly operating an $11 million Bitcoin Ponzi scheme. The US Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action yesterday, charging David Gilbert Saffron of Las Vegas, and Circle Society, Corp, with “fraudulent solicitation, misappropriation, and registration violations.
2019-10-17 14:34 | |
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The U. S. Securities and Exchange Commission is in discussions with the alleged fraudulent firm Virataseum. Sec announced off into a dialogue with CEO Reginald Middleton before the pre-trial conference for a possible settlement of the $15 million illegal token sales.
2019-10-10 17:37 | |
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Middleton organized the unregistered $14.8 million Veritaseum (VERI) initial coin offering, and is further accused of market manipulation post-ICO.
2019-10-10 17:57 | |
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The SEC has obtained a final judgment against PlexCoin’s fraudulent ICO and its proprietors, finding the defendants in the case guilty for violating antifraud provisions of Federal security laws.
2019-10-3 13:00 | |
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Longfin Corp. , one of the firms that suddenly joined the crypto bandwagon in a bid to take advantage of the bitcoin bull run of 2017, has been ordered by a New York federal court to pay nearly seven million dollars in penalties and disgorgement for fraudulent practices, according to a press release on September 30,Read MoreRead More.
2019-10-1 23:00 | |
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The Commodity Futures Trading Commission (CFTC) charged an individual from Pennsylvania for making fraudulent claims of investing in Bitcoin on behalf of two investors. As per the press release, the accused never had possession of said Bitcoin, so it was never actually delivered to investors, September 30, 2019.
2019-10-1 18:00 | |
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Longfin’s CEO, Venkata S. Meenavalli, has been fined a penalty of $6. 8 million by the Exchange Commission (SEC) and US Securities. This is because his cryptocurrency company was involved in fraudulent activities and also an unregistered ICO.
2019-10-1 17:35 | |
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The founder of now defunct Fantasy Market, a purported online adult entertainment marketplace, has been charged with running a fraudulent initial coin offering (ICO) after raising $63,000 in cryptocurrency from over 100 investors.
2019-9-25 16:05 | |
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The Securities and Exchange Commission (SEC) is ramping up its efforts to combat crypto fraud. The Commission filed an emergency legal action against the owner of Veritaseum, Reggie Middleton, whose ICO raised almost $15 million—obliterating the price of VERI.
2019-8-16 02:31 | |
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The US Securities and Exchange Commission filed an emergency lawsuit against "financial guru" Reginald Middleton and his two companies, Veritaseum LLC and Veritaseum Inc., to safeguard $8 million of investor funds Middleton raised during an allegedly fraudulent initial coin offering.
2019-8-14 23:26 | |
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The SEC is seeking to freeze the assets of Reggie Middleton, organizer of the $14.8 million Veritaseum (VERI) ICO.
2019-8-14 20:10 | |
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Cryptocurrency investment scams in Australia cost victims a record $14. 76 million between January and July this year. That’s according to the Australian Competition and Consumer Commission (ACCC).
2019-8-13 15:40 | |
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The United States Securities and Exchange Commission (SEC) is taking action against a New York-based individual in an attempt to safeguard investor funds that were raised through an allegedly fraudulent initial coin offering (ICO).
2019-8-13 15:34 | |
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Nothing draws attention to the cryptocurrency space as controversy does. 2019 has been very newsworthy in this regard, with the case of New Zealand-based Cryptopia starting the year off. The cryptocurrency exchange reported a massive hack in January, where over $16 million worth of tokens were stolen.
2019-7-20 21:30 | |
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The latest buzz on Twitter is the supposed police raid of the TRON offices in China. This was eventually found to be false, however, as the police were instead called to protect employees from the wrath of an angry mob.
2019-7-9 11:00 | |
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A third defendant has recently decided to plead guilty in a case that is happening in Toledo, Ohio. The defendant is being accused of being a part of a scam that created fake ID rings and could have netted around $4.
2019-7-4 02:57 | |
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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 | |
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The Canadian cryptocurrency exchange QuadrigaCX appears to have been playing with fire long before it collapsed – and took $134 million with it – earlier this year. According to the latest report from administrators, EY, QuadrigaCX had been operating a fraudulent cryptocurrency exchange.
2019-6-20 11:32 | |
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In sync with rising crypto-adoption, government bodies have stepped up and implemented stricter regulations, in light of the space’s history and susceptibility to fraudulent activities. The Commodity Futures Trading Commission (CFTC) has been making a lot of effort in this regard and recently, caught a Bitcoin trading and investment company for fraudulent activities.
2019-6-19 18:30 | |
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By CCN Markets: Renwick Haddow, the operator of the fake crypto trading platform Bitcoin Store and the fraudulent shared office space Bar Works, admitted to the charges against him with one of his fellow collaborators found guilty by US court.
2019-6-18 17:42 | |
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By CCN: John de Mol, who is behind the reality television hit show “Big Brother,” blames Facebook for scammers using his likeness on fraudulent bitcoin-fueled ads that stole nearly $2 million from investors.
2019-6-6 22:30 | |
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The creator of the Big Brother reality television format is suing Facebook for allowing advertisements to fraudulently feature his name and image, Reuters reports. Dutch billionaire John de Mol, one of the brains behind entertainment studio Endemol, filed his suit against Facebook in an Amsterdam court earlier today.
2019-6-5 18:34 | |
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North Korean hackers have made a phishing attempt on users of the South Korean crypto exchange Upbit. News correspondents in Korea broke this development on May 29, 2019, detailing the ploy to steal Upbit users’ information.
2019-6-1 00:54 | |
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Ethereum Classic [ETC] endured a 51% attack twice in the month of January, attacks which successfully latched on to ETC’s blockchain for several days. The losses estimated following the breach accounted for more than $1 million.
2019-5-28 20:00 | |
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Brazil has taken drastic action against a fraudulent cryptocurrency pyramid scheme by shutting down its operation in the country. The pyramid scheme which is worth 850 million reals equivalent to $210 million promises a return of 15% after the first month of investment in the scheme.
2019-5-22 21:25 | |
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By CCN: Authorities in the Netherlands have arrested a suspect who allegedly operated a bitcoin mining investment scam, according to Dutch daily De Gelrderlander. The fraudulent scheme which was reportedly started in 2017 earned the man named Berry van Mourik at least €2 million ($2.
2019-5-22 14:11 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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Police Arrest Cryptocurrency Entrepreneur After Allegedly Conducting Fraudulent Activities According to a recent report released by De Gelderlander, Dutch police have arrested a former entrepreneur after allegedly conducting fraudulent activities.
2019-5-21 21:28 | |
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By CCN: Weixing Chen, the founder and CEO of Kuaidi Dache, a Chinese taxi-hailing application, has expressed his concerns about crypto assets like EOS in a statement published on Weibo that prioritize scalability.
2019-5-21 18:00 | |
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In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.
2019-5-18 22:14 | |
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Nestled in the exhibition room at this year’s Consensus conference, the U. S. Commodity Futures Trading Commission (CFTC) had a message for conference goers as they weaved in and out of booths representing various projects and startups in the space: “Be on the lookout for virtual currency fraud” and if you see it, let us know.
2019-5-17 19:00 | |
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Chinese authorities were able to uncover a fraudulent mining scheme that stole approximately $293 million from crypto users. As reported by the local news outlet 8BTC, a fake Chinese company called Lianxin Tech, sold more than 300,000 units of mining hardware to users in just a few months. Investors believed that they were going to […]
2019-5-12 19:10 | |
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By CCN: Berkshire Hathaway, the multinational corporation led by billionaire Warren Buffett, posted a $377 million first-quarter charge for investment losses related to a solar Ponzi scheme. Berkshire invested $340 million in Ponzi scheme Berkshire made the disturbing revelations in a regulatory filing during its annual shareholders meeting last weekend.
2019-5-9 18:16 | |
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Following this morning’s $40 million hack of the globe’s largest crypto asset exchange there were calls to roll back the Bitcoin blockchain to nullify the fraudulent transaction. Binance boss Changpeng ‘CZ’ Zhao said in an earlier AMA that the company was deciding on whether to push for a possible rollback.
2019-5-8 10:30 | |
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The botnet attacking Electrum has grown to 152,000 infected computers and has now stolen $4. 6 million in cryptocurrencies such as Bitcoin, according to Malwarebytes. Malwarebytes states that it has been “closely monitoring” the attack against the Electrum Bitcoin wallet.
2019-5-1 14:00 | |
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The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $6.
2019-4-30 20:07 | |
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A special South Korean investigative agency in Seoul has successfully used Artificial Intelligence (AI) to unravel a cryptocurrency Ponzi scheme that defrauded 56,000 people of more than $18. 7 million.
2019-4-8 15:30 | |
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The hacks and fraudulent activities seem to happen in tandem with the developments and updates from the world of cryptocurrencies. On April 3, Superior Court Justice of Canada Jane Kelly ordered that 281.
2019-4-5 01:30 | |
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Canadian police have frozen the assets of the Vanbex founders, who raised more than $22 million in an allegedly fraudulent Etherparty (FUEL) ICO
2019-4-1 20:01 | |
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In Canada, authorities have seized luxury cars and frozen bank accounts owned by the ringleaders of FUEL, an allegedly fraudulent $22-million initial coin offering (ICO) from 2017. Court documents claim “blockchain services company” Vanbex raised $22 million (CAD$30 million) in cryptocurrency and fiat by with absolutely no intention to develop the FUEL token, reports CoinDesk.
2019-4-1 17:04 | |
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The leader of a prolific cryptocurrency Ponzi scheme, OneCoin, was arrested and charged on Mar. 6th. OneCoin Ltd. claims to have 3 million members—or victims—worldwide and has generated over €3.
2019-3-11 08:15 | |
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A new investigation performed by CoinDesk shows that the startup BHB has faked its founding team. There are some images associated with the founders that were taken from university professors. These individuals are currently denying the accusations.
2019-2-28 06:11 | |
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Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company. Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration.
2019-2-27 23:13 | |
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Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume.
2019-1-23 00:57 | |
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Riot Blockchain, Inc. replaced its CEO in September after the SEC charged him in connection with a fraudulent $27 million pump and dump scheme. Now another person involved in that case, biotech billionaire Phillip Frost, has agreed to pay $5.
2019-1-1 17:40 | |
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