Jed McCaleb was on the team that founded Ripple—and for a very long time, he has been selling upwards of 1 million XRP per day.
Chinese exchange FCoin has shut down claiming to be under maintenance, but it appears the problems are bigger and could lose $125 million for its users.
Cobinhood has announced that it’s shutting down for a month to allow time for auditing. Users can still reportedly withdraw their funds, but can’t deposit.
COSS exchange has suspended trading on its platform abruptly, sparking fears of an exit scam. It however claims funds are safe and it’s just updating its code.
After mysteriously losing $1M in user funds, the cryptocurrency wallet is blaming its web hosting company for fraud and theft.
CipherTrace released a recent report, the Q2 2019 Cryptocurrency Anti-Money Laundering Report, that points out that aggregate losses have reached $4.3 billion this year.
The alleged scam involves the issuance of native tokens by the platform, known as EtherDelta Tokens, after the exchange was acquired by anonymous local investors.
The PlusToken team tried to make off with billions in user funds, however they’ve now been caught and returned to China for prosecution.