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Joshua David Nicholas – a resident of Florida – pleaded guilty that he and other members of the cryptocurrency platform EmpiresX skimmed investors with $100 million worth of digital assets.…
Cryptocurrency scams are, unfortunately, a never-ending part of the industry, in which bad actors are trying to offer something too good to be true (usually to double one’s assets). The…
Popular cryptocurrency influencer and a well-known member of the community – FatManTerra – took it to Twitter to reveal that he deliberately created a fake Ponzi scheme to raise funds. The initiative…
On September 03, the official YouTube channel of the South Korean government was compromised by a group of hackers who used it to promote a cryptocurrency scam with the image…
The Albanian authorities arrested Faruk Fatih Ozer – the CEO of the Turkish cryptocurrency exchange Thodex – in the city of Elbasan. Last year, the platform ceased trading and withdrawals,…
An increasing number of financial and crypto pyramids targeting Russian investors have been opening physical offices in the country. The Central Bank of Russia has recently expressed concern over the…
The US Department of Justice (DOJ) charged three residents of Miami – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – with defrauding banks and a cryptocurrency…
SudoRare – a decentralized non-fungible token (NFT) marketplace – is reportedly the latest crypto project that had rug-pulled its customers. The project, established earlier today, shut down its operations six…
Javier Milei – one of the main contestants to become Argentina’s new President – has been caught in the crossfire for advertising the cryptocurrency investment platform CoinX. The company promised…
Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July…