Coinbase CEO Brian Armstrong addressed Base in a recent podcast Armstrong confirmed that the layer 2 blockchain has no plans to issue a token Coinbase CEO Brian Armstrong recently appeared in a podcas...
Tag: Scheme
ETH Staking Not an Investment Scheme, ConsenSys Execs Argue
Staking rewards are compensation for services to keep the Ethereum network secure, ConsenSys executives said Monday in a blog post that argued the process should not be confused with an investment.&nb...
Eddy Alexandre Pleads Guilty to Nearly $250 Million Crypto Fraud Scheme
Eddy Alexandre – a man in New York – entered a guilty plea in mid-February this year after conducting a crypto fraud scheme that stole nearly $250 million from assorted investors. Eddy Alexandre Plead...
Trump Denies Affair With Stormy Daniels—As He Could Reportedly Face Criminal Charges In Hush-Money Scheme
Topline Former President Donald Trump denied having an affair with adult film star Stormy Daniels and attacked her appearance in a lengthy statement issued through his campaign, hours after reports em...
Founders of Multimillion-Dollar Global Crypto Ponzi Scheme ‘Airbit Club’ Plead Guilty – Regulation Bitcoin News
The founders and promoters of multimillion-dollar cryptocurrency Ponzi scheme Airbit Club have pleaded guilty to various criminal charges. Airbit Club victims were promised “guaranteed daily returns o...
Operators of AirBit Plead Guilty to $100M Crypto Ponzi Scheme
The United States Attorney for the Southern District of New York announced that a total of six executives of the cryptocurrency Ponzi scheme AirBit Club have pleaded guilty for their roles in an inter...
Execs Of Fake Crypto Trading Firm Plead Guilty To $100 Million Ponzi Scheme
Six executives of the Ponzi scheme AirBit Club have admitted their guilt in a fraud and money laundering scheme that allegedly bilked victims out of $100 million, according to prosecutors. On March 8...
Airbit Club Founders, Lawyer Plead Guilty to $100M Fraud Scheme
Airbit Club was a global scam in which promoters hosted “lavish expos” and community presentations throughout the U.S., Asia, Latin America and Eastern Europe, and convinced victims to invest in “memb...
Utah Firm Accused Of Fraudulent Mining Scheme, Is SEC Against Crypto Mining?
Weeks later after its supposed crackdown on the crypto industry, the U.S. Securities and Exchange Commission (SEC) is still making it into the headlines. On March 3, the regulator filed a complaint ag...
SEC Initiates Emergency Action Against BKCoin For Fraud Scheme
The Securities and Exchange Commission has initiated an emergency action against investment advisor BKCoin Management in connection with a crypto fraud scheme worth $100 million. According to the SEC...
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the str...
SEC accuses Utah firm of ‘fraudulent’ $18M crypto mining scheme
Software and crypto mining equipment offered by the Utah-based Green United LLC was part of an $18 million “fraudulent scheme” that never mined the crypto it said it would, according to al...
SEC Alleges BKCoin Collected From Crypto Investors, Ran Fraud Scheme
The SEC continued its enforcement spree on the crypto sector Monday by going after a Miami-based investment adviser the agency claims ran a fraud scheme. BKCoin Management raised roughly $100 mi...
SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme
The SEC has accused Kang of misappropriating at least $371,000 in customer funds for his personal use, including paying for vacations, tickets to sporting events and rent on his New York apartment. Ac...
Israeli duo found guilty of large NFT tax evasion scheme worth $2.2M
Ad The Israel Tax Authority in Jerusalem is investigating two NFT creators for possible tax evasion. The suspects, Avraham Cohen from Jerusalem and Antony Polak from Har Adar, allegedly did not report...
Egyptian crypto swindle scheme lures $6b from users
A bogus investing program known as Hoggpool has caused tens of thousands of Egyptians to lose around 194 million Egyptian pounds, equivalent to over $6 billion. The fraud has led to the arrest of 29 p...
US Sentences Man to 3 Years in Prison for Defrauding Investors in Crypto Mining Scheme – Bitcoin News
A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the m...
Australian accused of $5 million bushfire crypto extortion scheme
A Melbourne man is currently facing extortion charges after allegedly threatening to start a bushfire if a considerable amount of cryptocurrency was not transferred to him within three days. The 27-y...
Tracking a Novel Scheme to Launder Tether on Tron Blockchain
Around $775,000 of stablecoin USDT was allegedly stolen in a phishing scheme on the Tron network, according to an investigation by risk assessment firm Global Ledger. Global Ledger claims the funds we...
Scammers Target Australians in Cryptocurrency Call Center Scheme
It has come to light that people of Australia are the principal targets of a sophisticated multinational network of con artists that operate out of call centers focused on bitcoin. The network is beli...
4 Russian Nationals Indicted in Running a $340 Million Crypto Ponzi Scheme
The US authorities alleged Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov – the founders of the dubious cryptocurrency investment platform Forsage – to have orchestrated a g...
Forsage Founders Indicted for Alleged $340 Million “Global Ponzi” Scheme on Ethereum Blockchain
A federal grand jury in the District of Oregon has handed down indictments against the individuals who are believed to have been the masterminds behind the “global Ponzi” scam known as For...
Forsage Platform Founders Indicted in $340 Million Ponzi Scheme –
Join Our Telegram channel to stay up to date on breaking news coverage The founders of a DeFi crypto investment platform, Forsage, have been indicted by the federal grand jury in the District of Orego...
Feds discover DeFi’s alleged $340 million Ponzi scheme
Centralized exchanges are under threat of being reprimanded by regulators in the US. When it appeared that things would be limited to the exchange sector, it was discovered that another sector was pre...
Ripple Provides $1 Million Earthquake Relief, Cardano Launches Valentine Upgrade, TMS Network’s Revenue-sharing Scheme Attract Bulls
The crypto market has witnessed several developments in the past few months. Such dynamism has also kept some projects on their toes. Ripple (XRP) and Cardano (ADA) are two such cryptocurrencies. Thei...
US DoJ indicts Forsage founders in $340m Ponzi scheme
The United States Department of Justice (DoJ) has charged four founders of Forsage for orchestrating the multi-million dollar global DeFi Ponzi and pyramid scheme. If convicted, the defendants could s...
Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform
Forsage relied on smart contracts on Ethereum, Binance Smart Chain and Tron that were “consistent with a Ponzi scheme,” the statement said. “As soon as an investor invested in Forsag...
Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme – Bitcoin News
Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 year...
Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon. The four Russian founders — Vladimir Okhotnikov, Olena ...