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News Maksim Zaslavskiy, a computer programmer from Brooklyn and the first person in the United States to be convicted of running a fraudulent initial coin offering (ICO) has been sentenced to a year and a half behind bars. As Law360 reported on Nov. 18, the Brooklyn businessman received a prison s..
Use CaseThe world is a constantly changing place — and from an economic standpoint, things are dramatically shifting, too. Two major superpowers, the United States and China, are embroiled in a dramatic trade war where tit-for-tat tariffs have been placed on goods — breeding uncertainty for consu..
News The United States Department of Justice has arrested and charged two Massachusetts men for allegedly taking over victims’ social media accounts and stealing cryptocurrency. According to the announcement on Nov. 14, the two — Eric Meiggs and Declan Harrington — were charged with one count of c..
News The German Federal Financial Supervisory Authority (BaFin) has issued a cease and desist order to Karatbit Foundation to immediately stop unauthorized business in Germany. BaFin alleges that Karatbit Foundation is issuing the KaratGoldCoin (KBC) without the necessary license, according to a ..
News The millionaire game developer, Marc Merril, was a victim of the Singaporean man who stole identities to utilize Amazon Web Services’ and Google cloud computing power for crypto mining. A case of stolen identityIn a recently unsealed court filing on Nov. 7, Forbes discovered that Marc Merrill..
News A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent “Sharia-compliant” cryptocurrency and a host of other get-rich-quick schemes. As Gulf News reported on Oct. 30, Aziz “Com” Mirza had cultivated for himself a reputation as an entrepreneur, mentor and Instagram..
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..
News SIM swapping victim Michael Terpin wrote an open letter to the United States Federal Communication Commission (FCC) Chairman Ajit Pai. In his letter, posted by Coindesk on Oct. 21, Terpin requested that the regulator take decisive action against SIM swapping and end this type of fraud. Terpin..
News Brazilian Congressman Aureo Ribeiro, author of a bill that purports to regulate the Brazilian crypto market, requested the opening of a Parliamentary Inquiry Commission (PCI) to investigate crypto-related fraud in Brazil. Cointelegraph got access to a document that asks for a deep investigat..
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..