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.
Seth Green, is best known for his roles in The Italian Job, and Robot Chicken. He was trying to buy a Gutter Clone, a spin-off of the popular Gutter Cats collection. Seth Green is the latest celebrity to become engaged in the NFT area, but he recently had to deal
Crypto mining and trading were not the focus of Mining Capital Coin’s investments. Last week, a South Korean crypto exchange chief executive was detained. The U.S. Department of Justice has accused Luiz Capuci Jr., Mining Capital Coin CEO, of organizing a huge cryptocurrency fraud operation. Charged with many felonies, including
Ex-CMO of SafeMoon pumps and dumps the altcoin repeatedly. Generates a scam of $12M easily. BscScan URLs put out his transactions. When it comes to the crypto industry, one of the worst negative impacts of all times, is the artificial pumping up of the cryptos. Usually, most new crypto projects
Consumers who purchased Frosties claimed they had fallen victim to a rug pull. Both 20-year-olds face up to 20 years in jail if found guilty. Investors of an NFT collection were duped out of $1 million by two guys in their twenties who have been detained as they plotted their
At least 12 thousand “retail investors out of more than $124 million” were allegedly defrauded by John Albert Loar Barksdale and his sister JonAtina (Tina) Barksdale, according to the Securities and Exchange Commission (SEC) on March 8. The Department of Justice (DOJ) arrested John and charged him with wire fraud,
Kumbhani is also accused of fraudulently increasing the price of BCC tokens. The trial date for this case is set for May. According to the U.S. Attorney’s Office in San Diego, a grand jury indicted BitConnect’s creator Friday for his part in allegedly cheating investors out of more than $2
