02 Aug 2022

Cryptocurrency fraud scheme busted by US securities agency

US authorities have busted a huge cryptocurrency pyramid scheme, charging 11 people for their role in defrauding retail investors for more than $300m worldwide. The US Securities and Exchange Commission (SEC) announced the charges Monday, which relate to a Ponzi scheme called Forsage that had operated for more than two years.

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13 Jul 2022

Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation

Celsius Network, the troubled crypto lender, “is deeply insolvent,” alleged the U.S. state of Vermont’s Department of Financial Regulation (DFR), noting the lender lacks the assets and liquidity to honor its obligations to account holders and other creditors. “Celsius deployed customer assets in a variety of risky and illiquid investments,

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07 Jul 2022

Don’t Fall for These 8 NFT Scams

The massive growth of NFT creation, collection and sales in the past few years has led to a growth in NFT scams seeking to separate investors from their cash or cryptocurrency. In 2021, the NFT market grew by 21,000%, with $17.6 billion in sales, according to Fortune. NFTs stored in

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05 Jul 2022

Bollywood A-lister-backed GARI token plunge sparks rug pull rumors

The domino effect of the 2022 bear market, which saw the downfall of numerous crypto ecosystems and tokens over several months, caught up to GARI token as it tanked over 83% in value in a matter of hours on Monday. While GARI Network brushed off the development as a “market

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04 Jul 2022

British Army’s YouTube And Twitter Accounts Hacked—And Flooded With Crypto Posts

A hacker compromised the social media accounts of the British Army to push people toward cryptocurrency scams. The army’s Twitter and YouTube profiles were taken over by the hacker, or hackers — the identity of whom is not yet known — on Sunday. The Twitter account’s name was changed to “pssssd,”

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01 Jul 2022

Justice Department Announces Enforcement Action Charging Six Individuals with Cryptocurrency Fraud Offenses in Cases Involving Over $100 Million in Intended Losses

The Department of Justice, together with federal law enforcement partners, today announced criminal charges against six defendants in four separate cases for their alleged involvement in cryptocurrency-related fraud, including the largest known Non-Fungible Token (NFT) scheme charged to date, a fraudulent investment fund that purportedly traded on cryptocurrency exchanges, a

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21 Jun 2022

Crypto Workers Behind Terra and Luna Are Facing a Flight Ban in South Korea

The ongoing crypto crash has brought a lot of investors back down to earth. In the case of current and former Terraform Labs employees, it’s keeping them literally grounded. Dozens of past and present staff from the company behind two notorious crypto coins, terraUSD and Luna, have been barred from leaving

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10 Jun 2022

Phishing, fake landing pages and emails from your boss: How crooks are targeting your crypto

Cyber criminals are sending out millions of phishing emails a day, using extortion and other schemes to steal Bitcoin and other cryptocurrencies from victims. The phishing attacks use a variety of techniques to trick people into transferring sums of Bitcoin, including phony requests for charity donations and business email compromise

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26 May 2022

Everything You Need to Know About Crypto Insurance

Cryptocurrency is the most exciting and unpredictable financial frontier in today’s world. The opportunities for crypto-based businesses are enormous, but so are the attendant risks. Protecting you from these downfalls is what crypto insurance is all about. Although it will safeguard your business from cybercriminals, it will also give your

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24 May 2022

Whistleblower claims DoKwon, Kanav Kariya and Sam Bankman-Fried were involved in Terra’s LUNA and UST collapse

Whistleblowers from the Terra community have made allegations that some of the most prominent figures in the cryptocurrency industry, like FTX CEO Samuel Bankman-Fried and Jump Crypto CEO Kanav Kariya, were responsible for TerraUSD’s (UST) colossal crash and de-peg. Whistleblowers in the Terra community have come forward with details of an

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