Whale Alert of over 789,534 ETH moved from PlusToken scam shakes the bullish sentiments, as prices drop to $235. Bitcoin also drops to test lows at $929x as the confidence shakes in the market. WhalePanda, crypto investor and analyst tweeted, Almost 790k $ETH of the Plustoken ponzi are on the move. (roughly $188 million) 🚨
The revelation of a novel situation at the Chinese Exchange, Fcoin, seems like a blatant attempt to scam its’ users. The series of events, transfer of funds, and withdrawal “promises” are all screaming foul play. Most importantly, the exchange claims that the withdrawals have been stopped. However it continues to move Bitcoins from its cold
Horizon state, a blockchain voting platform ceased its operation citing insolvency issues. It’s native cryptocurrency – Decision Token (HST) plunged by 50% as the announcement was made. While not many crypto exchanges have listed the token, Bittrex and Upbit, are ones that did. The announcement was made earlier today. Reportedly, the token dropped around two
A major cryptocurrency gang that swindled over $14M from people from 22 countries was recently busted by the Special Task Force (STF) of Madhya Pradesh in India. According to police officials, the gang had created a fake cryptocurrency and exchange for trading it. Co-founder of the Exchange Nabbed Purshottam Sharma, special director general of the
Report coming in from Twitter users Monday morning showed police protecting members of staff of the Beijing Tron office while angry mob tried to gain entrance. This is coming after a group of scammers who claimed to have been in a sure connection with the Tron Foundation scammed thousands of members of the TRON community,
The latest report states FBI or the US Federal Bureau of Investigation has arrested ‘Konstantin Ignatov’ of the billion-dollar pyramid scheme called, ‘OneCoin’ at the Los Angeles International Airport (LAX) on March 06, 2019. FBI shared a report on the official website of ‘Department of financial justice’ on March 08, 2019. According to the release,
And it’s not over – crypto scams continued with fake promises. 30 people from Bangkok, Thailand, is the latest to file complaints against crypto mining platform ‘CryptoMining.Farm’. Although 30 members have reached Technology Crime Suppression Division on Monday (i.e on Feb 18, 2019) with the complaint, police believe there are around 140 people that have
The Monetary Authority of Singapore (MAS) released yet another caution notice on grounds of cryptocurrency. However, this time, scammers ‘allegedly claimed themselves’ as a company, supported by the Singaporean government. Bogus websites Continue to Emerge In the latest release, MAS warns the public not to be indulged or misled by the ‘fraudulent crypto firm’ which
Following the successful initial sales of the BitTorrent Token (BTT) yesterday 28 January 2019, BitTorrent has warned its users against fake BTT offerings from fake Websites, ICOs and Airdrops. This was posted on the company website today 29 January. Part of the announcement read: “The whole BitTorrent team wanted to thank you for your interest
Monex Group Inc., the firm which has acquired Japanese hacked Coincheck is claiming that a firm with a similar name is targeting its clients. Consequently, the Monex Group has released a caution announcement, detailing its clients about the scam. Scammers Impersonating Monex Group According to the statement released by the Monex Group Inc, a new
Looks like the eleventh largest cryptocurrency, Cardano is now been targeted by scammers. Weiss rating and co-founder of Cardano cryptocurrency or ADA warned users against the scam coin similar to name Cardano. In fact, it is named as ‘Cardano Classic’. ADA Scam Detected – Beware Accordingly, Charles Hokinson released a caution notice on social media.
A new report released by blockchain research firm Chainalysis has revealed that the value of ether extracted by crypto scammers in 2018 was more than twice the amount harvested in 2017. According to the report, cybercriminals made away with $36 million worth of ether through various swindles in 2018, as against $17 million in 2017.
A report by Australian Competition and Consumer Commission (ACCC) shows that crypto scams amount to a very small percentage of the overall scams in the Australian economy while investment and dating related scams rule the scam report. Crypto Scams amount to AU$2.1 million out of AU$340 million In the scams activity 2017 report