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scam

Chinese police arrest 12 in digital currency money laundering scam
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21 May, 2020

Chinese police arrest 12 in digital currency money laundering scam

The group allegedly used Huobi’s platform to transfer the proceeds of fraud to an overseas bank account via digital currency...
Philippines new scam tags gov’t in digital currency fake news
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21 May, 2020

Philippines new scam tags gov’t in digital currency fake news

The finance department was allegedly establishing a platform for Philippines residents to “generate income” from digital currency.
PlusToken 2.0? New Chinese Ponzi scheme nets $1B in digital currencies
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19 May, 2020

PlusToken 2.0? New Chinese Ponzi scheme nets $1B in digital currencies

China has fallen victim to yet another mega digital currency scam. Known as WoToken, the scam is alleged to have...
Texas halts ‘double your money’ digital currency scam
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19 May, 2020

Texas halts ‘double your money’ digital currency scam

Texas has issued a cease and desist order against a digital currency investment scam whose operator assures investors that he...
FinCEN finds strong correlation between COVID-19 and digital currency scams
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16 May, 2020

FinCEN finds strong correlation between COVID-19 and digital currency scams

According to FINCEN, there have been over 70,000 cases of digital currency-related fraud reported to their agency since 2013.
Fake Libra scams pose new challenge for Facebook
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15 May, 2020

Fake Libra scams pose new challenge for Facebook

Almost a year after Facebook’s Libra was first announced, the outlook for the stablecoin looks starkly different.
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