In a sophisticated pyramid scam, the scam caused participants to lose billions. The US government filed charges against Satish and his confederates in September 2021. BitConnect was launched in 2016 and was hailed as a major game-changer. As a result of its popularity among eager investors seeking huge profits in
Police in Victoria will be able to recover cryptocurrencies from criminals. New rules will give Victorian police greater power to identify cyber scammers. As per the reports, the Victorian Police in Australia will shortly receive the power to seize cryptocurrency wallets and digital assets from cyber criminals, under the newly
zfxtrade.com is accused of using the FCA-authorized firm’s legitimate details. As per FCA, the website defrauds people in the United Kingdom. On Monday, the UK’s Financial Conduct Authority (FCA) released a cautionary notice about a clone firm for impersonating the financial trading platform, Zenfinex Group. The authority claims that the
The coins were not secured by gold or even other valuable assets as claimed. CFTC also brought allegations against Crater and My Big Coin in 2018. It was stated on Thursday that My Big Coin Pay Inc. founder Randall Crater had been found guilty of crypto fraud by the United
Last year, the scammers demanded $15 million in Bitcoin from Graff Diamonds. The jewelry had paid $7.5 million in Bitcoin to the Conti ransomware group. As per the reports from a London lawsuit, Graff Diamonds, a British luxury jewelry firm, has paid $7.5 million in Bitcoin to a group of
Hacking official accounts of prominent organizations or personalities is not a new way of scamming people across the globe. Twitter, Facebook, and YouTube accounts of the British Army were all compromised for almost four hours on Sunday by hackers advertising fake non-fungible token (NFT) collections and cryptocurrency scams. United Kingdom’s
Mirror Trading International Proprietary Ltd has been alleged by the CFTC. Steynberg claims that MTI’s algorithms provide a 10% monthly ROI. According to a statement released Friday, U.S. regulators have filed a civil suit against a South African CEO and his firm for running a fraudulent commodity pool worth more
Crypto hacks and scams on the rise every month. Major anomalies are ethical hacks upon the parent blockchains. Rug Pull and Discord Hack accounts to be the major attack modes. Horrible is the entire crypto industry and so devastating was the month of June 2022. The overall market cap has
Fraudsters also target customers by pretending to be a company or government. According to FTC data, many criminal organizations prefer to pay using cryptocurrencies. Federal Trade Commission data shows that over 46,000 consumers have been scammed out of over $1 billion in cryptocurrency since the start of 2021. There has
The impostor’s Twitter accounts generally push their followers to click on certain links. These applications often use mobile cryptocurrency wallets to trick users. According to emerging information obtained by Bloomberg News, online criminals are promoting questionable cryptocurrency platforms via Twitter Inc. accounts that have been compromised. According to Tenable Inc.
