Tag Archives: Crypto Scam

If you have some Bitcoin in your wallet – and you live in Brazil – you can attack your country’s electoral infrastructure and bring the public institutions to their knees while people express their anguish as they wait for the results of a critical election to measure the leadership of the current president, deemed the Donald Trump of South America. Last weekend, Brazil had its municipal elections. More than 57,000 new council members were elected (the exact number has not...

Law enforcement officials from both the United States and Brazil have seized more than $20 million in crypto funds from an online scam that is alleged to have defrauded thousands of investors. The joint project between both nations went under the name Operation Egypto, and a primary suspect is now in custody and awaiting further legal action.Brazil and the U.S. Recover More Than $20 MillionThe man allegedly in charge of the scam is known as Marcos Antonio Fagundes, who is now being charged...

There is a new form of crypto fraud making its way throughout Hong Kong – one that has led to tens of millions of dollars being stolen.Hong Kong Is the Center of a New Kind of Crypto ScamThe idea of striking it rich in crypto has been around for some time. Unfortunately, many are so taken by this possibility that they are unable to see the red flags staring them in the face when they enter a new business venture. However, at the time of writing, the scam does not appear to be business or...

Harpreet Singh Sahni – a socialite from India – has admitted to being involved in a rather large cryptocurrency scam… One that’s cheated people out of roughly $50 million.Sahni Knowingly Took Part in a ScamAs of late, the world is witnessing its fair share of malicious crypto activity. Among the latest examples include a crypto scam that overtook the campaign website for current US President Donald Trump, who is presently up for re-election in about 24 hours.Malicious actors took over the...

Australian multi-millionaire and electronics entrepreneur Dick Smith has threatened to sue The Guardian Australia. Smith has alleged that the trustworthy media outlet has hosted fraudulent ads with fake interviews of him promoting a phony Bitcoin scheme.Aussie Entrepreneur Threatens The GuardianImpersonation scams are among the most perilous threats within the cryptocurrency community. Typically, the fraudsters impersonate a famous person and run false ads claiming that he or she has invested...

The principal of a cryptocurrency escrow company, Jon Barry Thompson, has pled guilty in Manhattan federal court to commodities fraud. In 2018, he took over $3 million from one company and failed to deliver bitcoins worth that amount.Crypto Fraudster Pleads GuiltyThompson served as the director of Volantis Escrow Platform LLC and Volantis Market Marking LLC. According to the statement from the US Department of Justice (DOJ), he issued numerous promotional materials on behalf of the two...

Cryptocurrency fake giveaway scams continue to emerge frequently, and the latest example involves the popular DEX protocol Uniswap. Just a day following the UNI token release, scammers began promoting fake UNI giveaways by impersonating Uniswap’s creator – Hayden Adams.Fake UNI Giveaways On YouTubeAs CryptoPotato reported yesterday, the popular decentralized token swap platform launched its long-anticipated native token called UNI. The announcement was accompanied by news that Uniswap will...

Bitcoin and cryptocurrencies present numerous advantages over the traditional financial systems, including faster transactions, while paying only a fraction of the cost. The decentralized nature, meaning a lack of central authority behind them, has attracted lots of fans, investors, and users over the past decade.However, this same feature could also display some serious issues if one is not careful. Some of these problems could lead to the loss of funds, as the story of Yaniv reveals...

The U.S. SEC has fined Atlanta-based rapper Clifford Harris Jr, better known as T.I, along with other individuals for their involvement in two fraudulent initial coin offering (ICO) projects.T.I, Others Pay $125K in PenaltiesAccording to a press release by the U.S. Securities and Exchange Commission (SEC) on Friday (September 11, 2020), T.I, along with businessman Ryan Felton and three other individuals based in Atlanta, were involved in a fake pump and dump ICO scheme. The rapper was cleared...

After having his name involved in a Bitcoin impersonation scam, Ryanair CEO Michael O’Leary said that he never has and never will invest in the cryptocurrency. He went even further by referring to BTC as a Ponzi scheme, which he avoids like “the plague.”Ryanair CEO Involved In BTC ScamThe CEO of the low-budget European airline is the latest popular individual to have his name exploited in a Bitcoin impersonating scam after the likes of Tesla CEO Elon Musk, the Duke and Duchess of Sussex Harry...