SEC unable to locate BitConnect founder convicted in $2.4B fraud case
BitConnect founder is being sued for illegally raising funds and defrauding American investors of over $2 billion.
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DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
A San Diego-based federal grand jury charged Kumbhani for orchestrating an alleged Ponzi scheme via BitConnect’s “Lending Program” among other allegations.
Blockchain community busts alleged $20M NFT drop scam before sale completion
Thanks to vigilant crypto enthusiasts, the alleged scammers were stopped dead in their tracks.
Warning: How ‘One Time Password’ bots can steal all your crypto
Scammers have been using advanced hacking bots on Telegram designed to trick investors into divulging their two-factor authentication, leading to accounts being locked and wiped out.
US Senate Banking Chief Criticizes Super Bowl Crypto Ads, Claims ‘Big Crypto Companies Are Desperate’
The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s stablecoin hearing, Brown criticized all the cryptocurrency…
Counterfeit NFTs result in marketplace shutdown: Experts weigh in
The NFT Platform famous for minting Jack Dorsey’s first tweet has halted NFT operations amidst counterfeiting and illicit activity calls.
FTC Warns of Romance Scams Luring People Into Bogus Cryptocurrency Investments
The U.S. Federal Trade Commission (FTC) has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency…
Netflix announces new series on Bitfinex hack involving 120,000 Bitcoin
The Netflix documentary will be about a New York-based couple and their link to laundering nearly 120,000 BTC tied to the crime.
FBI warns against rising crypto romance scams during Valentine’s week
In 2021 alone, victims within the FBI San Francisco division’s territory lost more than $64 million to romance scams, compared to just over $35 million in 2020.
Wonderland’s treasury saga exposes the fragility of DAO projects today
The controversy around Wonderland DAO has brought back focus on the “not-so” decentralized nature of some DAO projects.