CFTC charged Jimmy Gale Watson, Jr., an associate of the late John McAfee, $144,736 The scheme resulted in profits in excess of $2 million, the CFTC alleged in the complaint The Commodity Futures Trad...
Tag: schemes
US DOJ indicts 6 individuals over crypto fraud schemes that generated over $135 million
The U.S. Department of Justice (DoJ) has indicted six people allegedly involved in different crypto crimes, including NFTs, that siphoned $135 million from unsuspecting investors. Baller Ape NFT promo...
Elon Musk Backed Dogecoin Accused In Million Dollars Ponzi Schemes
Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE) is also becoming a favorable choice for users involved in illicit activities. Elliptic Connect has spotted incidents over the globe where DOGE toke...
Crypto threatens safety of payment schemes, Starling boss warns
Starling CEO Anne Boden. Harry Murphy | Sportsfile for Web Summit via Getty Images AMSTERDAM — The boss of Goldman Sachs-backed digital bank Starling has doubled down on criticisms of crypto, calling ...
How The DeFi Space Has Become A Massive Breeding Ground For Crypto Ponzi Schemes
A large number of recent Ponzi schemes have used decentralized finance (DeFi) infrastructure to defraud their customers. This article explores the DeFi ecosystem and how fraudsters are able to exploit...
Why does On-chain snoop Zachxbt thinks Logan Paul led numerous ‘pump and dump schemes?
Allegations state that the American YouTuber hyped multiple crypto projects Popular American YouTuber and social media personality Logan Paul has been struck again by an allegation of infl...
FTX Sam Bankman-Fried Defends Terra’s Founder, Says ‘Most bad Investments Aren’t Ponzi Schemes’
FTX founder Sam Bankman-Fried has tweeted in defense of Terra ecosystem and its CEO and co-founder, Do Kwon. In response to a Coindesk article that described Do Kwon as the Elizabeth Holmes of crypto...
Zachxbt alleges Logan Paul is behind multiple crypto “pump and dump” schemes
On-chain sleuth, Zachxbt, has struck again with a thread on Logan Paul and his alleged litany of shady dealings within the crypto space. In the thread, the pseudonymous detective revealed some of the...
The Idaho finance department warns to stay away from these specific crypto schemes
The financial authority has warned crypto investors of such a crypto scam series that promises high returns in less time with no risk. An announcement was made by the Idaho Department of Finance that ...
Defi-Gamefi Reveals How To Avoid “Pump and Dump” Crypto Schemes: Details
Defi-Gamefi.com, a website that educates people on how to earn money in the metaverse through gaming, has released a guide on how to stay safe from the “Pump and Dump” crypto scheme as a warning for n...
Fake wallets schemes have been busted –
A “sophisticated strategy” that disseminates Trojan apps disguised as popular bitcoin wallets have been discovered by cybersecurity firm ESET. The program, which has been running since May 2021, targe...
Jake Paul earned over $2 million by promoting pump and dump crypto schemes
Celebrities shilling crypto assets aren’t uncommon in the industry, but a new video shows that Jake Paul is operating on a different level. The video released by Coffeezilla on YouTube revealed that ...
80% Of China’s Crypto Fradulent Schemes Carried Out Using USDT
Several cryptocurrencies have been implicated as the biggest facilitators of crypto crime in China.Citing data from a large number of valid cases related to crypto fraud and money laundering, Ethereum...
Dogecoin founder labels other meme coins as ponzi schemes
Dogecoin founder labels other meme coins as ponzi schemes due to their nature He claims meme coins are not even meme coins Lying about the nature of the crypto has been a trend Meme coins (aside fro...
Dogecoin Co-Creator Bashes Other Memecoins, Compares them to Ponzi Schemes
Billy Markus – Co-Founder of Dogecoin – is not keen on other memecoins. In his view, creators of such projects are “trying to get rich” on the back of individuals seeking quick profits. ‘Memecoins Are...
Dogecoin Founder Criticizes Memecoin Creators as Get-Rich-Quick Schemes Proliferates
Billy Markus, the iconic founder of the Dogecoin (DOGE) meme coin, has lashed out on his Twitter handle as he called out a new generation of developers looking to get rich quick through meme coin crea...
India’s Central Bank Likens Cryptocurrencies To Ponzi Schemes
A top official at India’s central bank recently reiterated warnings to Prime Minister Modi’s government about the risks cryptocurrencies pose to the country’s financial system. This time, he compared ...
U.K.’s 39 Bike Hire Schemes Remove 3.7 Car Miles Per User Per Week, Finds Report
Protesters riding London bike share bikes with BLM placards. (Photo by Rahman Hassani/SOPA … [+] Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Thirty-nine bike-sh...
‘Ponzi Schemes Have Created a Negative Reputation for the Industry’ — Uganda Blockchain Advocate – Interview Bitcoin News
Education and awareness campaigns are still viewed as important channels that draw people to cryptocurrencies and blockchain. This has been particularly true in some parts of Africa where bitcoin and ...
MIM and UST are “Solid” Ponzi Schemes
The co-founder of MakerDAO, Rune Christensen, has called Terra’s UST and MIM solid Ponzi schemes that will turn into nothing as market conditions change. The developer noted that the two digital...