Romanian programmer pleads guilty in $722M BitClub Ponzi scam
A Romanian programmer arrested in Germany has entered a guilty plea for his role in the BitClub Network Ponzi scheme which defrauded $722m from investors.
Latest scam News
Texas shuts down fraudulent South Africa BTC trading pool
The Texas securities regulator has issued an emergency order stopping a South African BTC and forex trading pool that has been illegally targeting Texans.
OneCoin ringleader US sentencing pushed back
Konstantin Ignatov is facing a maximum prison sentence of 90 years, but the court deferred sentencing without imposing a future date.
South Africa $16M digital currency scam founder declares bankruptcy
The founder of VaultAge Solutions, a South African digital currency scam that stole $16 million from at least 2,000 investors has been declared bankrupt.
OneCoin promoter fined $72,000 in Singapore
A Singaporean man has been fined close to $72,000 for his role in promoting multi-billion OneCoin scam. His efforts led to the recruitment of over 1,000 people.
New BTC scam exposes data of 250,000 victims
Individuals across 20 countries were affected by this scam, but the U.K. and Australia were the two countries that were hit the hardest.
Promoting digital currency investment schemes illegal in Vietnam: official
Investing in digital currency remains illegal in Vietnam, and those who encourage people to invest in schemes are considered offenders.
Philippines SEC warns against Forsage, other digital currency schemes
The regulator flagged three firms, Forsage, RCashOnline and The Saint John of Jerusalem Knights of Malta Foundation of the Philippines, Inc.
UK High Court orders ‘nothing but scam’ GPay exchange to shut down
The exchange, also operating under Cryptopoint and XtraderFX, solicited investment online through ads on social media platforms.
South Korea investigating a $16 million Futurenet digital currency scam
Close to 1,000 investors in South Korea have lost $16 million to Futurenet, a digital currency scam with Polish links that sold ad packages and promised riches.
Russian BTC scammer pleads guilty in largest US cyber fraud case
A Russian digital currency exchange operator has pleaded guilty to his role in the operation of a credit card theft ring that led to over $2.2 billion losses.
Australians lost over $14M to digital currency scams: gov’t
The amount of money Australians lost to digital currency scams in 2019 is roughly four times the amount lost in 2018.