Police arrest 10 in $6.6M Israeli crypto scam
Authorities in Belgium, France and Israel have arrested ten people accused of orchestrating a cryptocurrency pyramid scheme that cost investors $6.6 million.
Authorities in Belgium, France and Israel have arrested ten people accused of orchestrating a cryptocurrency pyramid scheme that cost investors $6.6 million.
The latest scam has some fraudsters posing as the official Libra ICO platform, despite the fact that FB has already said it’s unlikely to launch this year.
The SEC has charged Opporty blockchain marketplace for conducting a fraudulent ICO in which they raised over $600,000 from around 200 investors selling OPP tokens.
A Canadian teen has been charged with stealing crypto worth over $50M in a SIM swapping scheme that targeted prominent crypto and blockchain personalities
One of the frauds faked his identity to mask the fact that he was a convicted criminal in a financial crime, while the other posed as a wealthy investor.
Patrick McDonnell, the founder of CabbageTech crypto scam has been sentenced to 33 months in prison and a $fine for deceptive business practices.
Manny Villar warned that Bitcoin Revolution is using a fake endorsement from him to fool new users into using their services.
ICOBox is alleged to have sold $14M worth of tokens in an ICO which the SEC claims was unregistered. The regulator is seeking $16M+ in disgorgement and fines.
The SEC has brought charges against the alleged operator of a crypto scam who lured investment in three companies but ended up using the money for personal use.
The scammer posed as a pastor to gain trust, while also promising ludicrous returns. After collecting $27 million, he fled and is now said to be in California.
The FCA has warned against investing in one firm that offers crypto trading services, claiming that it doesn’t have its authorization to operate in the U.K.
The cryptocurrency exchange is under fire for questionable activities.