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.
Latest scam News
NY attorney general tells digital currency firms to ‘play by the rules’ or shut down
In an alert aimed at New York investors, Attorney General James described the “extreme risk” of investing in digital currencies, made all the more relevant by the recent surge in prices.
US charges Serbian man behind Steven Seagal-promoted Bitcoiin2Gen scam
Krstijan Krstic founded Start Options and Bitcoiin2Gen, or B2G, in 2017 and reportedly induced U.S. investors into the scam, authorities said.
Over 60% of all scams are related to digital currencies: Austrian regulator
The Financial Markets Authority stated that it saw a record in whistle-blower reports of potential fraud in 2020, with digital currencies as the main focus.
SEC, NYAG crack down on trading app Coinseed over ‘worthless tokens’
The firm, which operates a mobile application allowing users to trade digital currencies, sold its CSD tokens to investors, according to federal authorities.
FCA exposes unregistered trading firm as 199 new firms receive licenses
United Kingdom’s financial watchdog has issued a public warning against Dalsari, which it says is an unregistered firm offering trading services in digital currencies.
Philippines regulator warns against 350% return digital currency scam
BitAccelerate, which also goes by the name BitAccelerator, claims to be a crowdfunding platform on the blockchain offering long-term active and passive income investment plans via referrals.
Fake QuadrigaCX website pops up to scam investors
A fake website has popped up imitating the now-defunct QuadrigaCX digital currency exchange, attempting to lure its former users.
French regulator wants a European body to regulate digital currencies
Autorité des Marchés Financiers Chairman Robert Ophèle has proposed that the European Securities and Markets Authority should be in charge of the digital currency industry.
Serbian man involved in $70M digital currency scam extradited to US
Antonije Stojilkovic is alleged to have been part of a crime ring that created several bogus investment platforms that lured investors with promises of huge profits.
Founder of $90M digital currency hedge fund faces 20 years after guilty plea
Australian national Stefan He Qin, founder of Virgil Sigma Fund LP, has pleaded guilty to one count of securities fraud.
South African watchdog warns against growing digital currency scams
The Financial Sector Conduct Authority said it’s receiving a large number of complaints from South African investors who have lost their savings through digital currency scams.