Tag Archives: Crypto Scam

After receiving a confirmation that a few employees of the Cebu operations of BPO firm Sykes have engaged in Bitcoin scams, the American tech giant Google has pulled out outsourcing business from the Philippines-based company branch.Google Pulls Out After A BTC-related ScamThe business process outsourcing (BPO) company Sykes confirmed earlier this month that several employees had been involved in illegal activities.“We serve many of the world’s largest brands with the highest levels of...

US authorities have charged with fraud and money laundering five people operating a Bitcoin mining Ponzi scheme. Called AirBit Club, the scam operated since 2015 and duped numerous victims into investing by promising alluring but false returns.How Did AirBit Club Operate?According to the US Department of Justice (DOJ), Pablo Renato Rodriguez and Gutemberg Dos Santos co-founded AirBit Club in late 2015. Cecilia Millan and Jackie Aguilar joined the project later on as promoters, and Scott...

In an effort to find a temp solution to deal with yesterday’s attack, Twitter has apparently made it impossible for users to post Tweets containing strings of letters and numbers in order to avoid any scam “giveaway” from sharing their cryptocurrency wallet addresses.Something Went Wrong: Twitter Blocks Wallet AddressesIndeed, when I tried to share a string of random letters and numbers, Twitter didn’t let me share the post public and asked me to “give it another shot.”Pending Twitter...

The third co-founder of the alleged cryptocurrency scam project Centra Tech, backed by celebrities such as Floyd Mayweather and DJ Khaled, is reportedly planning to plead guilty to duping investors into committing more than $25 million in its initial coin offering (ICO).The Third Centra Tech Inc’s Co-Founder Pleads GuiltyAccording to the report from Bloomberg, Sohrab “Sam” Sharma, one of Centra Tech’s co-founders, has agreed to change his plea before his scheduled trial date in November 2020....

Another crypto scam is in the books. A 50-year-old cleaner in Canada named Jocelyn has been cheated out of her entire life savings after being convinced to send her crypto funds to fraudulent parties.How a Canadian Cleaner Fell Victim to a Crypto ScamJocelyn worked for Sean Moore, a semi-retired lobbyist who spoke on her behalf. Discussing the crypto scam, he stated:It’s a tragedy in this particular case, a scandal in the broader one.Jocelyn had roughly $10,000 in crypto assets that she had...

A high court in the United Kingdom has ordered the shutdown of an alleged cryptocurrency scam exchange known as GPay, which potentially robbed customers of more than $1.8 million in digital funds.GPay Is Closing Its DoorsThe court alleges that the company used fake celebrity endorsements to entice people to step aboard the crypto plane and invest their money. However, the exchange has now come forward to say it has “lost” all the money customers brought to the table and that it is being...

The well-known lobbyist and ex-convict Jack Abramoff had agreed to plead guilty to a cryptocurrency scam. He was operating an alleged Bitcoin fraud case that was violating existing federal lobbying disclosure regulations.Parallel Charges Against NAC, Rowland Andrade, and AbramoffOn Thursday, the U.S. SEC announced its charges against both the chief executive of NAC Foundation, Rowland Marcus Andrade, and Abramoff. The accusations consist of operating a conspiracy scheme making false and...

Elon Musk is at the center of another crypto scam, only this time, instead of the scam occurring via Twitter, the hackers have seemingly taken over Musk’s YouTube account.Musk: Report This as Soon as You See ItMalicious actors appear to have posed as SpaceX on the video-streaming affiliate of Google. Those involved took over two separate accounts and provided footage of Musk speaking at the recent launch that occurred in Florida. The accounts offered a fake bitcoin giveaway, in which viewers...

The Department of Finance (DOF) is advising all crypto traders to keep an eye out for a fraudulent get-rich-quick scheme known as “Bitcoin Lifestyle.”Bitcoin Lifestyle: Is It Trying to Steal Your Crypto?Bitcoin Lifestyle is largely being pushed in areas such as the Philippines. The scheme comes with a statement saying that current president Rodrigo Duterte is advising all people to learn more about cryptocurrency and get involved in crypto investments through Bitcoin Lifestyle.The statement...

A digital currency mining scam has surfaced in China. In an age where malicious crypto schemes are at an all-time high, China and certain other regions of Southeast Asia appear to be a growing hub for such activity.A Digital Mining Scam for the AgesThe scam stems from a company known as Antimatter Kingdom (AK), which reported calls itself a “super mining application group.” The organization runs on the CXC Chain, which first appeared in early April. As much as $11 million has been stolen from...