Scammers are on the rise as more Indians begin to trade in various coins. The scammers are accused of defrauding at least 900 people. According to a statement released Monday this week, the Indian Enforcement Directorate reportedly confiscated $4.9 million worth of assets from a businessman suspected of money laundering
Crypto investments may make you a fortune by the time you’re 20 years old. Six months after investing, he could not obtain the promised profits. Having the legal age of maturity in Japan reduced from 20 to 18 in April is expected to increase the number of young individuals who
Russia issues arrest warrants for 3 more associates linked with Finiko ponzi. All wanted associates suspected to be hiding in foreign nations. Suspects to be hiding majorly in Turkey and United Arab Emirates. The Finiko ponzi scam has created such a hustle and bustle upon the nation, such that Russia
Complaint filed on tech firm Apple for permitting fraud application ‘Toast Plus’. Toast Plus application scam loots away all digital assets of the users. XRP looted profusely, from the wallets of Toast Plus users. For the tech giant Apple hits the limelight profusely just after the recent launch of its
Last director of Wex, Dmitry Vasiliev, was arrested in Poland. Crypto exchange Wex, aka BTC-e indulged in many money laundering frauds. Previous founder of Wex, charged for money launderings of $4B BTC. These days it seems Russia and crypto have become completely inseparable even amidst all the new rules and
Many times as a writer I have come across various scams and Ponzi always prevailing upon the cryptocurrency industry. And so nothing is a shock or a surprise in regards to it. Likewise, the Finiko Ponzi has been in play for a long time and soon it was found to
Scams and hackings have so far become an integral part of the cryptocurrency trend. The more technology develops also so do the aspects of crimes too. Digital crimes are even considered to be much safer compared to live robberies though. Almost every week there occurs a scam or hacks upon
One common and the most predominant digital crime which tagged along with the development of blockchain are the ‘Smart Contact’ scams. Almost all the crypto investors, about more than 95% have experienced losses with smart contracts. However, many portray good profits , yet there always is a side which suffers.
The upcoming menace in decentralized finance (DeFi) is Soft rug. The malicious maneuver in the crypto industry, known as rug pull. The Defiant reported on another claimed soft rug involving Swipe. The many known scams that have tortured the decentralized finance (DeFi) and exploit for some time along with another
Polywhale Finance exit scam worth over $1 million. The Polywhale Finance official Telegram group closed permanently. The treasury wallet had reduced to just 1.6 million. A leading yield farm on the Polygon network is Polywhale Finance. The developers of Polywhale Finance have abandoned the project in which appears to be
