Tag Archives: Crypto Scam

Visitors of the Bitcoin.org website recently fell victim to a scam that promised to double their money. Bitcoin.org Was the Recent Host of a Crypto Scam Issues like these are prevalent in the cryptocurrency space, but at this point, it should become rather obvious that anyone (or anything) promising to double one’s money is not a forthright venture. Why would a company simply double your money for the heck of it? Nobody’s that nice or giving, and the maneuver should be a...

It’s happened again, folks. Another major cryptocurrency scam is in the books, and a man simply going by the name of “Joseph” is the 70-year-old victim sadly paying the price. Joseph Has Lost Some Serious Dough Joseph ran his own business for many years and saved up a lot of money for his retirement. At 70 years of age, he was looking to the days where he could kick back and possibly purchase a mortgage-free bungalow that would allow him and his wife to enjoy their...

A man in Utah is the latest victim of a crypto scam. Brandon Larsen says that he downloaded what turned out to be a phony crypto application that ultimately cost him close to $400,000 in digital funds. Brandon Larsen Has Lost Quite a Bit to Scammers Larsen says that the app looked real enough and was allegedly associated with several cryptocurrency websites he knew and used. However, it was not long before he realized that the application was fraudulent, and that it had...

The Securities and Exchange Commission (SEC) has charged five individuals for allegedly taking part in what has come to be known as the Bit Connect scam. Bit Connect Is Still an Open Case Bit Connect collapsed in the year 2018. The event resulted in more than $2 billion in losses for investors, and now it appears five people are being made to answer for the enterprise’s dissolution. Bit Connect was advertised as a “global unregistered digital asset securities offering.”...

Considering how common crypto scams have become in recent years, it is quite easy to get stuck in one, but when someone with “status” comes out and promotes one of these scams, it can be a little difficult to take at first. Matt Lorion – a 17-year-old Tik Tok influencer – is now apologizing to all his fans after he promoted a potential crypto scam that saw people lose some serious money. Matt Lorion: I’m Sorry for Promoting Mando Lorion has made a name for himself...

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...