When any scheme promises users “life-long payments guaranteed” it should be met with a healthy level of skepticism. This is the case with the 333 ETH blockchain dApp.With the promise of a 3.33 percent return per day on your investment, 333 ETH is currently sitting in the top five of the most popular dApps (it was sitting in third spot at the time of writing) ranked by daily … [Read more...] about Ethereum Blockchain dApp Accused of Being a Ponzi Scheme
In a quest to clean up the crypto scene, a watchdog company in Belgium has recently added 28 sites to a crypto scam list to warn potential crypto investors. As crypto scams and fraud are on the rise, it is important that we protect the best interests of investors, which is what this Belgium company is doing.As more fraudulent ICO projects and other sites are formed to scam … [Read more...] about Watchdog Firm in Belgium Places 28 New Sites on Crypto Scam List
David T Lawrence, the man who attempted to raise money in a 2017 ICO scam, has been fined USD 30,000 by the SEC and handed a permanent ban for selling securities. The investors were offered a coin that could be converted to equity in oil exploration. The bans are permanent for a lifetime. Lawrence cannot own or trade penny stocks and cannot work as an officer or director in a … [Read more...] about Tomahawk ICO Scam Founder Barred and Fined USD 30,000 by SEC
The cryptocurrency and blockchain sector is currently at a turning point, with some upcoming developments that present a potential for disruption in the near future.After months of declining value, many predict the cryptocurrency market value has reached 'the bottom,' and will soon begin a new bull run into 2019. However, the industry is faced with a few hurdles along the … [Read more...] about Crypto 2019: Issues with Potential for Disruption
The Head of BitConnect India, Divyesh Darji, has been arrested in connection with a bitcoin investment scam. Ponzi scheme Indian CID swooped shortly after Darji arrived at Delhi airport from Dubai, with Inspector PG Narwade of the Criminal Investigation Department of Gujarat police commenting that "Darji was living in Dubai. A look-out circular was issued against him. The … [Read more...] about Head of BitConnect India Arrested in Connection to Bitcoin Investment Scam
Bitcoin millionaire Aarni Otava Saarimaa, 22 years old, has lost over 5,564 BTC (worth an estimated USD 35 Million) in a Thai crypto scam. The Finnish businessman was approached in June 2017 by the hackers. A sophisticated scam Reported in the Bangkok Post, the Finnish bitcoin millionaire Aarni Otava Saarimaa lost over 5,564 BTC, sending them to fraudsters in Thailand. He … [Read more...] about Bitcoin Millionaire Loses USD 35 Million in Thai Crypto Scam
Ahead of the impending Bitmain IPO, it would appear the cryptocurrency mining giant is holding a massive, illiquid stock of bitcoin cash (BCH).Following up on a post back in March this year, a medium user has updated details from an investigation into risks related to the upcoming Bitmain IPO. Specifically, as predicted back in March, Bitmain could suffer huge losses as a … [Read more...] about Is the Bitmain IPO the Biggest Exit Scam Crypto Will Ever See?
The police raided the office of a Seoul-based firm following claims that the company was involved in a cryptocurrency scam by promising investors the gold of a 20th-century shipwreck.According to a local news outlet, 27 white collar investigators from the Seoul Metropolitan Police Agency searched the office belonging to the Shinil Group in Yeouido and also visited seven other … [Read more...] about Korean Police Invades Startup Firm for Alleged Fake Gold Cryptocurrency Scam
According to a study published by the Wall Street Journal, a number of cryptocurrency investing groups are responsible for the price manipulation of some cryptocurrencies. The cryptocurrency investing groups collaborate via Telegram, a messaging service, operating ‘pump and dump’ schemes. Cryptocurrency investing scheme - pump and dump The pump and dump is a common tactic by … [Read more...] about Cryptocurrency Investing Groups are Rigging Market According to WSJ
Jon Montroll, the founder of cryptocurrency platforms WeExchange and BitFunder, has pleaded guilty to securities fraud and obstruction of justice.Montroll, who also uses the moniker Ukyo, was accused of deceiving investors and lying to the U.S. Securities and Exchange Commission (SEC) when they were investigating his operations in Australia from 2013 to 2015.Both … [Read more...] about Securities Fraud: WeExchange Founder Pleads Guilty
Crypto trading fraud has become big news in Australia in recent times, but the brevity of the situation is only just coming to light. The economic and financial website, Investopedia, has run an article on how crypto frauds are now ranked as the second highest investment scam category in Australia.As a few crypto trading fraud issues have come to light across Australia, a … [Read more...] about Crypto Trading Fraud Comes Second in Australia for Investment Scams
One of the crippling issues facing crypto firms has been the ban on crypto adverts on Google and on Facebook. In recent times, we have seen the ban lifted on Facebook, and now it seems that crypto ads are now back and running on Google in the West, for the time being.Not being able to showcase crypto adverts has had a debilitating effect on crypto companies who should have … [Read more...] about Are Crypto Adverts on Google Back Up and Running for Now?
Local news reported Thursday that Vietnam’s Central Bank has agreed to suspend the import of crypto mining devices.The decision comes after a proposal from the Ministry of Industry and Trade (MoIT) to suspend the import of cryptocurrency miners in a move to better enforce restrictions on digital currencies.As they were previously absent from the list of prohibited … [Read more...] about Vietnam’s Ban on Crypto Mining Rigs Could Be Good News
Just when you thought the cryptocurrency world couldn't get more bizarre, somebody discovers a Russian shipwreck full of treasure chests packed with gold to the value of USD 130 billion.What has this got to do with cryptocurrency, you ask? Well, not content with simply keeping the gold for themselves, the looters have apparently decided to set up an ICO and cryptocurrency … [Read more...] about Pirates of the Cryptosphere: The Mystery of the Shinil Gold Coin
A new report has been released that suggests that 78% of all crypto ICO projects launched in 2017 were scams. Although we already know that fraudulent ICOs have been one of the major problems blighting the crypto industry, is it really possible that so many ICOs from last year were dodgy or is it just an over exaggeration?Details of a recent study from the Satis Group have … [Read more...] about New Report Suggests 78% of Crypto ICO Projects in 2017 were Scams
As cryptocurrency thefts are becoming more frequent and big news for blockchain naysayers, it is important to point out that there are companies out there trying to prevent these issues. The Moscow-based anti-virus firm, Kaspersky Lab, has recently reported preventing 100,000 crypto thefts in 2018 alone.Kaspersky Lab is a well-known anti-virus company that has been leading … [Read more...] about 100,000 Cryptocurrency Thefts Prevented by Kaspersky Lab in 2018
A Chinese cryptocurrency billionaire has attacked some cryptocurrencies, and influential figures in the space, after secret recordings were made public. The recordings surfaced on Chinese social media. Li Xiaolai founded Bitfund in 2013 and has invested heavily in a large number of blockchain projects. His net worth is estimated at over USD 3.5 billion. Neo Worthless, Tron a … [Read more...] about Chinese Cryptocurrency Billionaire Calls Neo Worthless, Tron a Scam, and Qtum Garbage
Tether is a stablecoin which is pegged on an even ratio to the dollar. This means that every Tether token (USDT) is to be matched with one US Dollar. But there have been a number of recent controversies leading many to question is Tether a scam or a legitimate stablecoin. There are actually too many controversies to go into in detail, but the most obvious are listed … [Read more...] about Is Tether a Scam or a Legitimate Coin?
Crypto scams are believed to have cost investors billions of dollars in the last few years. One popular scam is the impersonation of crypto influencers on Twitter. Every time a leading light in the crypto ecosystem posts on Twitter, evil characters are looking to scam innocent investors.Crypto Disrupt has published several articles relating to crypto scams on Twitter. The … [Read more...] about Protection From Crypto Scams For Twitter Users
The South African Police are investigating a possible crypto scam that may affect as many as 28,000 BTC customers. The alleged malfeasance involves the promise of interest paid for Bitcoin deposits, and today, it would appear that many investors might be left without anything.BTC Global is reported to have ties to BitCaw Trading, but BitCaw denies any official links to BTC … [Read more...] about Potentially Massive Crypto Scam Investigated