2020-1-2 19:00 |
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. origin »
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In 2019, one of the biggest narratives in the crypto market was the PlusToken pyramid scheme. The post Trader fears $200m in Ethereum collected by a new crypto Ponzi could cause a “disaster” appeared first on CryptoSlate.
2020-9-9 14:00 | |
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Crypto itself has only been around for a decade, and the space has already gained its top Ponzi scheme actors. Here are three of them.
2020-7-5 13:12 | |
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More skulduggery in the cryptocurrency space as two Arizona men who fronted a million-dollar Crypto Ponzi scheme are arrested on money laundering charges. Crypto Ponzi Scheme Targeted Major Baseball League Players Another day, another deliciously wicked scam in the cryptocurrency space.
2020-2-7 16:00 | |
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Chinese law enforcement recently busted 72 individuals connected to the Cloud Token (CTO) scam. The Ponzi was similar to the Plustoken fraud and CTO scammers made off with $500 million. According to regional press, the CTO scam artists are likely connected to the Plustoken swindlers.
2019-12-29 03:20 | |
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A woman based in the United States island-state of Hawaii has lost nearly half of her entire life savings, in a crypto mining-related Ponzi scheme. And while the woman is clearly the victim, she’s been hit with a temporary restraining order for voicing her concerns and attempting to retrieve the money that was stolen from.
2019-12-21 22:00 | |
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A huge number of ether (ETH) tokens have just moved from a wallet associated with the PlusToken Ponzi scheme. More than $105,099,000 worth of the native crypto asset of the Ethereum network moved between the wallet and an unknown one earlier today.
2019-12-19 14:18 | |
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Blockchain compliance firm Chainalysis has issued a new report suggesting that PlusToken, the multi-billion-dollar Ponzi scheme widely suspected to have been driving down the price of Bitcoin with mass liquidations, could have misappropriated less crypto than previously alleged.
2019-12-17 12:00 | |
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As bitcoin and ether prices fell below technically significant levels, some traders are citing fear emanating from a report about the alleged PlusToken Ponzi scheme as the reason for the plunge
2019-12-17 01:47 | |
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New Jersey authorities announce the arrest of three founders of alleged $722 million crypto Ponzie Scheme
2019-12-11 02:59 | |
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U.S. authorities have arrested three members of BitClub Network, alleging the mining pool is a long-running Ponzi scheme.
2019-12-11 23:27 | |
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Ugandan police have reportedly seized Samson Lwanga, a director of Dunamiscoins crypto scam which managed to get $2.7 million from the victims
2019-12-11 16:23 | |
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The infamous crypto Ponzi scheme OneCoin website has gone offline several months following US government officials indicted one of the key suspects involved in the scam, Cointelegraph reports. According to MLM scam monitor, OneCoin did not return live results from Nov.
2019-12-3 23:29 | |
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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 | |
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A Manhattan court convicted Mark Scott, OneCoin's lawyer, for fraud after he laundered $400 million for the crypto Ponzi scheme.
2019-11-23 21:10 | |
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Ever since Bitcoin’s bottom at $3,100, the crypto market has been convinced that the first-ever crypto asset was building a foundation for its next bull run. But a powerful parabolic rally this year was unable to set a new all-time high, putting a new bull run in jeopardy.
2019-11-21 22:00 | |
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Вслед за Шанхаем власти китайского города Шэньчжэнь ужесточат борьбу с криптотрейдингом и схемами Pump & Dump. How to define “illegal” is pretty ambiguous under the current regulatory framework according to prior cases, ICO/IEO towards Chinese retail investors is illegal, and capital flight/forex via crypto can be illegal (and fiat on-ramp/off ramp), financial fraud like ponzi […]
2019-11-21 16:55 | |
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A businessman from Brooklyn went to jail for a year and a half for two scam ICOs. The time of gangster lawlessness on the crypto market has ended. Crypto criminals get what they deserve. We are talking about projects built on Ponzi scheme: RECoin and Diamond Reserve Club. The first project was announced as “First […]
2019-11-21 20:47 | |
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China is taking serious action against cryptocurrencies, solidifying its stance on “blockchain not bitcoin. ” Dovey Wan, Founding Partner at Primitive Crypto shared the latest developments where CCTV1, the national flagship television network of the People's Republic of China featured a 60-minute investigative program on cryptocurrency.
2019-11-18 18:51 | |
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OneCoin has been in the middle of a lot of legal trouble recently, considering the massive scam that the cryptocurrency has proven to be. Mark Scott, who formerly worked at the Locke Lord international firm as an attorney, is being tied into this trouble for allegedly conspiring with the creators of the Ponzi scheme to […]
2019-11-17 22:28 | |
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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 | |
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The world’s biggest crypto exchange, Binance, is the latest target of a pyramid scheme using renowned crypto-based companies and individuals to propagate their fraudulent activities. This is after the company was targeted by a company accused of running a crypto ponzi scheme in Singapore.
2019-10-29 22:16 | |
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In March 2019, the United States Attorney’s Office for the Southern District of New York issued a release announcing that the Manhattan U.S. Attorney will be charging the leaders of OneCoin. The release referred to OneCoin as a “pyramid scheme” that involves the sale of “fraudulent” crypto. According to a report by Finance Feeds, the […]
2019-10-23 19:12 | |
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A Las Vegas man is charged with raising at least $11 million from cryptocurrency investors he promised to trade binary options for, and make gains of up to 300%. According to the charges the money was sent from new clients to previous ones in a classic Ponzi scheme manner.
2019-10-18 04:26 | |
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Circle Society, Corp. , and its owner, David Gilbert Saffron, have been charged with fraud relating to an Bitcoin and crypto asset investment scheme. The Nevada-based firm is suspected of operating an $11 million binary options scheme.
2019-10-18 23:00 | |
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Purported crypto and forex investment firm Circle Society is accused by the CFTC of operating like a Ponzi scheme.
2019-10-17 13:00 | |
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L7 Trade Company is a Russian-based crypto Ponzi scheme. The most frequent visitors to the website hail from Russia, Venezuela, and Ukraine. Ponzi investors operate in a race against time and the best time to invest in the scheme is during its “explosive growth” phase when the project can honor withdrawals because more money is […]
2019-10-9 08:39 | |
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Officials of the Bank of Ireland (BOI) are set to testify against a principal actor in the alleged OneCoin crypto Ponzi scam before a U. S. court. BOI Employees to Point the Finger at OneCoin Principal Actor According to FinanceFeeds, four past and present employees of the BOI will serve as witnesses for the U.
2019-9-30 15:00 | |
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Fairwin, which is the biggest Ethereum contract in the crypto field, is supposedly risking investor’s funds, as it continues to chunk a quantifiable amount of gas. Several crypto enthusiasts from social media have expressed their concerns about the Ethereum contract terming it as a rapid growing Ponzi scheme.
2019-9-28 17:55 | |
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The Financial Services Commission (FSC) has issued an investor alert regarding a crypto-Ponzi scheme being advertised on social media, asking people to invest in digital assets called “Cloud Token Mauritius” & “Cloud Token Indian Ocean and Africa” through a mobile application called ” cloud token.
2019-9-26 23:58 | |
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Kate Winslet, the famous Hollywood actress is taking legal action against online crypto scammers who used her image and fake quotes to promote their Ponzi coin Bitcoin Code, reported Mirror. According to reports, the scammers posted several fake quotes of the actress from a fabricated interview with BBC.
2019-9-22 10:01 | |
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2019 had several scams so far. Unfortunately, despite the fact that, in most aspects, this could be considered a good year, scams are everywhere. One of the main scams was PlusToken. This scam took over $2.
2019-9-4 21:54 | |
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Binance, the largest crypto exchange in the world, has recently been accused of having relations with a prominent Ponzi scheme known as Cloud Token. According to a recent tweet made by Alex Saunders, one of the people linked to the company, a man named Ronald Aai, affirmed that he was a panelist in a recent […]
2019-8-27 03:00 | |
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According to new research, the recently alleged crypto asset Ponzi scheme PlusToken may be the largest in history. The study, conducted by Elementus, shows that around $2 billion worth of Ether (ETH) tokens were involved in the scheme.
2019-8-24 01:00 | |
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Despite numerous analysts and crypto worshippers predicting that Bitcoin will surpass the $13,000 mark, the king coin has continued to trade around the $10,000 mark and here are some reasons why. Ponzi Scheme Theory According to Primitive Crypto founding partner Dovey Wan, the Ponzi scheme is responsible for crashing the crypto industry. On JUly 14 […]
2019-8-19 04:57 | |
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Over the past couple of days, investors have grown fearful regarding the possibility of a massive Chinese Ponzi scam dumping the significant amount of Bitcoin (BTC) that they hold in wallets onto the markets, which may have contributed to the recent downwards pressure experienced by the entire crypto markets.
2019-8-17 00:00 | |
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In the last couple of days, BTC has been under immense selling pressure. The digital asset has gradually shed value leaving many questioning when this will end. Some believe bitcoin, and cryptocurrencies in general, are plummeting due to the growing economic tensions.
2019-8-15 19:35 | |
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Dovey Wan of Primitive Ventures has recently drawn attention to a $3 billion Ponzi scheme perpetrated by fraudulent crypto investment outfit PlusToken.
2019-8-16 19:34 | |
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Allegedly collapsed China-based Ponzi scheme Plus Token may be liquidating on exchanges portions of a reported $3. 5 billion cache of stolen cryptocurrency, according to venture capitalist Dovey Wan, who is now appealing to the crypto ecosystem to spread awareness of the “critical” matter “before it’s too late”.
2019-8-16 12:19 | |
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An Australian citizen who ran an international crypto Ponzi scheme will face justice after police in India finally arrested him - but not before he defrauded victims out of $28 million. 'Hybrid crypto' with low risks and high returns India's Special Task Force (STF) arrested Sydney resident Harpreet Singh Sahni in a hotel near the […] The post $28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail appeared first on CCN Markets
2019-8-8 17:59 | |
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Self-proclaimed bitcoin inventor Craig Wright issued another ominous warning to crypto scammers: Your con game is over, and your bitcoin can be seized. In a foreboding August 2 blog post, Wright says the grifters in the crypto space are gasping their last breaths because their house of cards will soon crumble.
2019-8-4 23:30 | |
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Self-proclaimed bitcoin inventor Craig Wright issued another ominous warning to crypto scammers: Your con game is over, and your bitcoin can be seized. In a foreboding August 2 blog post, Wright says the grifters in the crypto space are gasping their last breaths because their house of cards will soon crumble.
2019-8-3 23:30 | |
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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 | |
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A group of Venezuelan citizens has dragged the owners of Eagle Financial Diamond Group Inc. and Argyle Coin have been dragged to court for defrauding them through their diamond-backed crypto Ponzi scheme.
2019-7-17 17:00 | |
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Acclaimed investor Peter Schiff has famously labeled bitcoin as "fool’s gold" and a "Ponzi scheme. " But the gold bug is willing to make a 180-degree turn if presented with a persuasive and convincing argument on the cryptocurrency.
2019-7-11 21:30 | |
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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 | |
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Victims of the Wave Field Community Ponzi scheme, which operated on the Tron network, have accused Justin Sun and Tron of being complicit in the crypto scam by remaining silent while the operation played out.
2019-7-9 23:59 | |
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Hundreds of locals who used to eagerly gather outside the Bitcoin Wallet office in Ladysmith, South Africa are now mobbing the office to demand their money back.
2019-7-9 20:30 | |
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The price of Tron (TRX) fell as much as 9 percent on Monday after protesters furious at Justin Sun for allegedly remaining silent about a $30 million Ponzi scheme stormed the project’s Beijing offices.
2019-7-9 20:20 | |
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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 | |
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