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CFTC Cannot Locate Man Responsible for Over $140 Million Crypto Ponzi

News The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million. Financial news outlet FinanceFeeds reported on Jan. 6 that the CFTC has filed a motion with the N..

Did 2019 Deliver on All That Was Promised for the Crypto Industry?

New Year Special Disappointment isn’t always a bad thing. It can be a spur, motivating one to work harder to meet expectations and goals. It is in this spirit that Cointelegraph informally surveyed members of the crypto community about this past year’s unfulfilled industry promises. Here are some ..

Three Men Arrested for Running Alleged $722 Million Crypto Ponzi Scheme

News United States authorities in New Jersey have announced the arrest of three men who are accused of defrauding investors of over $722 million as part of alleged crypto ponzie scheme BitClub Network, per a Dec. 10 announcement from the Department of Justice. The accusations against BitClub Netwo..

PlusToken Effect: Alleged Asian Exit Scam to Blame for Market Decline?

Follow up In the last week of November, the saga of an alleged crypto Ponzi scheme that has been lingering for more than half a year took a new turn. A hobbyist blockchain researcher reported on Twitter that he’d tracked almost 200,000 BTC that had gone missing over the summer, when several millio..

OneCoin Website Goes Offline as Net Closes in on $4B Ponzi Scheme

News The website for cryptocurrency Ponzi scheme OneCoin has finally ceased operating, months after United States authorities indicted one of its founders for fraud. As MLM scam monitoring resource BehindMLM.com noted on Dec. 1, OneCoin.eu no longer returned a live result as of Nov. 30. “Legal in..

Fraudulent Transactions in Crypto, Explained

Fraudulent Transactions in Crypto, Explained Connor Blenkinsop 1 HOUR AGO 460 Total views 1. How does payment fraud happen? 2. Tell me more — what are the most common ways to be tricked? 3. I’m worried — can I track my crypto transactions? 4. How can payment fraud be avoided? 1. How does payment fra..

CFTC File Lawsuit Against $11M Ponzi-Like Cryptocurrency Scam

News The United States Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Nevada-based Circle Society. Defendants guaranteed investors 300% returnOn Oct. 16, the CFTC announced that it was charging Circle Society and its owner, David Gilbert Saff..

$240M in Suspected Scheme Assets Moves in Four Bitcoin Transactions

News Over $240 million in proceeds from the alleged crypto scheme PlusToken have reportedly moved through four Bitcoin (BTC) transactions. Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — posted on Aug. 17 that four transactions totaling 22,923 BTC were li..

What Are the Biggest Alleged Crypto Heists and How Much Was Stolen?

Analysis As the appeal of cryptocurrency has grown, so has the opportunity for scammers to part naive investors from their money. 2019 has been no exception, with cryptocurrency and blockchain forensics company Ciphertrace dubbing it “the year of the exit scam.” Exit scams are not a new phenomeno..

Researchers: Bitcoin Price Drop Not Caused by $3B Ponzi BTC Dump

News Bitcoin’s (BTC) recent price drop has not been caused by Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme PlusToken, according to researchers at crypto analytics firm TokenAnalyst. Crypto analytics firm: PlusToken cannot be the cause As Bloomberg reports on Aug. 15, co-founder of Lon..

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