Bitcoin Scams

New Study Says 80 Percent of ICOs Conducted in 2017 Were Scams

3 days ago admin2 0
A recent study prepared by ICO advisory firm Statis Group revealed that more than 80 percent of initial coin offerings (ICOs) conducted in 2017 were identified as scams. The study took into consideration the lifecycle of ICOs run in 2017, from the initial proposal of a sale availability to the most mature phase of trading Read More

YouTube Added as Defendant in Class Action Lawsuit Against BitConnect

1 week ago admin2 0
According to court documents filed July 3, YouTube has been added as a defendant in a class action lawsuit against BitConnect. The lawsuit was initially filed on January, 24 by six individuals represent by law firm Silver Miller. The claimants state that crypto investment platform BitConnect issued crypto tokens that were unregistered securities, and obtained Read More

South African Police Investigate Alleged Crypto Ponzi-Scheme Involving 28,000 Investors

2 months ago admin2 Comments Off on South African Police Investigate Alleged Crypto Ponzi-Scheme Involving 28,000 Investors
South African Police are pursuing an alleged major cryptocurrency investment fraud, according to a police statement released yesterday, May 25. According to the statement, over 28,000 investors are said to have suffered losses exceeding 1 bln rand ($80.4 mln). The Hawks, an investigative unit of South Africa’s Directorate for Priority Crime Investigation (DPCI), have outlined Read More

Texas Regulator Hit Two Bitcoin Investment Schemes with Cease-and-Desists

2 months ago admin2 Comments Off on Texas Regulator Hit Two Bitcoin Investment Schemes with Cease-and-Desists
Advertisement Join our community of 10 000 traders on Hacked.com for just $39 per month. The Texas State Securities Board has uncovered more suspicious activity from cryptocurrency businesses targeting residents in the state. The agency has most recently issued a pair of emergency orders against two separate entities that according to the regulators were scamming Read More

‘Discount Bitcoin Bandits’ Charged in Los Angeles for Theft

3 months ago admin2 Comments Off on ‘Discount Bitcoin Bandits’ Charged in Los Angeles for Theft
Advertisement Join our community of 10 000 traders on Hacked.com for just $39 per month. The Los Angeles County district attorney has charged a couple with stealing thousands of dollars from people who sought to purchase cryptocurrency, the district attorney’s office announced on its website. ‘Discount Bitcoin Bandits’ Charged with Second-Degree Robbery Authorities first charged Read More

Indian Police Arrest Operators of $2.6 Million Bitcoin Ponzi

3 months ago admin2 Comments Off on Indian Police Arrest Operators of $2.6 Million Bitcoin Ponzi
Advertisement Join our community of 10 000 traders on Hacked.com for just $39 per month. Indian authorities have arrested two individuals accused of operating a bitcoin ponzi scheme that swindled some 300 bitcoins, approx. $2.6 million in current prices, from 5000 victims. The duo, alleged to be running a multi-level marketing (MLM) scheme that incentivized Read More

SEC Busts Fraudulent ICO Endorsed By Floyd Mayweather, Founders Defrauded $32 Mln

3 months ago admin2 Comments Off on SEC Busts Fraudulent ICO Endorsed By Floyd Mayweather, Founders Defrauded $32 Mln
The US Securities and Exchange Commission (SEC) charged two co-founders of a supposed financial services start-up with organizing a fraudulent initial coin offering (ICO), the SEC announced in a press release April 2. The SEC says the the co-founders of Centra Tech. Inc., Sohrab Sharma and Robert Farkas, were arrested and charged after raising $32 Read More

Over $6.2 Mln In Crypto Assets Lost To Fraud, Hacks In Japan Last Year

4 months ago admin2 Comments Off on Over $6.2 Mln In Crypto Assets Lost To Fraud, Hacks In Japan Last Year
Over $6.2 mln (662.4 mln yen) of cryptocurrency was lost in 2017 due to fraud and theft, according to statistics released from Japan’s National Police Agency (NPA), local news outlet Nikkei reports today, March 22. This number does not include the over $500 mln hack of NEM from Japanese crypto exchange Coincheck in late January. Read More

McAfee Suspects North Korea In Recent Cyberattack On Turkish Financial Sector

4 months ago admin2 Comments Off on McAfee Suspects North Korea In Recent Cyberattack On Turkish Financial Sector
North Korean hackers are suspected in a cyberattack on Turkey’s financial sector, as stated in a report released by McAfee March 8. The McAfee Advanced Threat Research team identified an attempt by the hacking group Hidden Cobra to breach the security of Turkish government-backed financial institutions on March 2 and 3. While McAfee policy is Read More