Man loses BTC worth $1M to fake Trezor app
An iPhone user lost BTC worth $1M after downloading an iOS app called Trezor. Hoping to save his business during the pandemic, he purchased BTC.
Latest scam News
Singapore regulator warns against digital currency scams following PM name fraud
The Monetary Authority of Singapore has issued a warning following a scam that saw Prime Minister Lee Hsien Loong embroiled in a token fraud on a local token trading platform.
Argyle Coin founder escapes $4.5M penalty in digital currency fraud
Jose Angel Aman was sentenced in December 2020 to seven years in jail, in addition to paying $23 million in victim restitution.
Montana regulator issues cease and desist order against Forsage scam
Headed by Lado Okhotnikov, the Philippines-based Forsage allegedly targeted unsuspecting victims who were lured with promises of zero-risk investment, authorities said.
US court orders UK man behind Control-Finance scam to pay $572M
Benjamin Reynolds, the founder of Control-Finance, is accused of misleading investors to believe he would invest their BTC, which authorities said he pocketed.
Digital currency fraud in Canada up 400%, police say
Digital currency scams have varied over the years, ranging from those targeting victims’ greed such as “double-your-money” scams to those targeting intimidation such as extortion scams.
Texas securities regulator intervenes to stop another digital currency scam
Delta Crypt has already been the subject of warnings from regulators, who claim the scheme has been “illegally offering securities paying ‘ridiculous’ returns.”
Turkey tech chief no longer negative towards ‘risky’ digital currencies
Minister for Industry and Technology Mustafa Varank says he has warmed up to digital currencies, which he described as “effective for world trade.”
US regulator intervenes in ongoing alleged digital asset fraud
Shawn Cutting is accused of raising millions of dollars off the back of false claims about his licensing status, and through misrepresenting investment returns and misappropriating investor money.
Ripple settles its lawsuit against YouTube over scam accounts
The lawsuit alleged that YouTube had “feigned ignorance” as XRP scams defrauded millions of dollars on the video sharing platform.
Centra Tech Sohrab Sharma sentenced to 8 years over celeb-hyped ICO scam
Sohrab Sharma, the co-founder of Centra Tech, reportedly relied on fake partnerships and endorsements from celebrities like boxing champion Floyd Mayweather to lure investors.
Vietnam warns investors of digital currency trading risk
Financial authorities in Vietnam have issued a warning to the public to be aware of the risks of investing in digital currency.
