Legal action against Circle Society and its operator continues, two months after regulators charged both with fraud over an alleged $11 million BItcoin scheme.
Bitcoin Scams News
A scam is a way to steal money from people under false pretenses. The main feature of a Bitcoin scam, compared with other ways of stealing money, is that it usually takes advantage of people’s trust and negligence. Currently, the cryptocurrency market is not regulated enough to protect people from scams, so that is why it is such a common thing among users of digital currencies. Since many people try to earn money by investing in new projects that are related to cryptocurrency, ICOs are one of the most popular ways to commit fraud. Besides that, some emerging cryptocoins use a financial pyramid system. In addition, to avoid scams, it is better to use a verified exchange or trading platform.
- News
- News
A Pennsylvania man has been charged with conspiracy to commit wire fraud and extortion via a SIM swapping scheme targeting crypto execs and investors.
- News
Russia’s largest darknet marketplace is looking to raise $146 million in a token offering that would allow it to go global.
- News
Ugandan police have reportedly seized Samson Lwanga, one of the directors of the alleged cryptocurrency pyramid scheme Dunamiscoins Resources Limited.
- News
by Helen Partz
An alleged cryptocurrency pyramid scheme in Uganda has fled after defrauding dozens of victims that invested and worked for the scheme.
- News
by Aaron Wood
Thai police have busted an alleged Bitcoin scam trading scheme in Bangkok, arresting 24 Chinese nationals and seizing hardware.
- News
Security researchers have discovered a new cryptocurrency-related macOS malware believed to be developed by North Korean hackers at the Lazarus Group.
- Follow up
New research suggests that the Bitcoin price could be still absorbing the effects of the alleged PlusToken exit scam.
- News
by Helen Partz
A Vancouver-based investor claims that he lost at least $430,000 due to misconduct and breaches of contract by crypto firm Stox.
- News
by Joeri Cant
The national police force of New Zealand seize over $4 million in cryptocurrency from Jaron David McIvor, suspected of laundering proceeds from online movie pir...
- News
Neil Bush — son and brother of two U.S presidents — is alleged to have been paid $300,000 to attend a meeting involving OneCoin co-founder and current fugitive ...
- News
by Helen Partz
Ignatov signed a plea on Oct. 4 and faces up to 90 years in prison for money laundering and fraud charges.
- News
A Dutch court has ruled that Facebook must remove crypto-related fraudulent investment ads after television producer John de Mol filed a lawsuit against the com...
- Local News
by Joeri Cant
Cointelegraph Brasil presents a weekly digest of selected cryptocurrency- and blockchain-related news.
- News
by Helen Partz
Veritaseum has been ordered to pay an $8 million disgorgement fine for selling unregistered securities by a New York Eastern District Court.
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