Game over! ‘Squid Game’-inspired crypto scam collapses as price crashes from $2.8K to zero
Dubbed SQUID, the cryptocurrency had rallied by as much as 75,000% to cross over $2,850 but dropped to near zero on Nov. 1.
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Cryptoeats Disappears After Raising £500K From Token Sale
Cryptoeats, a company that reportedly raised 8 million in a Series A funding round to build a crypto-based Ubereats alternative, disappeared after launching its token. According to estimations, the startup…
Investors Lost $10,000 on Average to Russian Crypto Pyramid Finiko, Poll Reveals
Investors defrauded by the Russia-based cryptocurrency Ponzi scheme Finiko have sent the crypto pyramid an average exceeding 720,000 rubles, or more than $10,000 at current exchange rates. The assessment comes…
‘Evolved Apes’ NFT creator allegedly absconds with $2.7 million
Some members of the NFT project are attempting to continue the development of the game, while efforts are underway to apprehend the alleged culprit.
Hackers Compromise Web Portal Bitcoin.org — DNS Hijack Replaces Site With BTC Doubler Scam
On Thursday, the pseudonymous operator of Bitcoin.org told the public on Twitter that the web portal has been “compromised.” The operator, Cobra, explained that the hackers were able to implement…
Ohio man pleads guilty to fraud over $30M crypto scam promising 15% monthly
Michael Ackerman faces up to 20 years in jail if convicted of fraud following his guilty plea.
Top Finiko Crypto Pyramid Executive Arrested in Russia’s Tatarstan
A high-ranking representative of Russia’s notorious Finiko Ponzi scheme has been arrested in Tatarstan. Ilgiz Shakirov, a businessman from Kazan, rose to the rank of vice president of the crypto…
Scammers Offer Free Bitcoin on Hacked Government Site in Russia as Crypto Fraud Surges
Unknown scammers have organized a fake bitcoin giveaway through a Russian government website they hacked. The news of the attack comes after a recent report revealed that damages from crypto-related…
Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals
Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in…
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