Scam Financial News
09.11 / 18:21
scam
Fake OneCoin-selling Surgeon and Businessman Jailed in Argentina
A criminal court in Argentina’s Córdoba has jailed two men – a businessman and a surgeon – for their part in developing a pyramid scheme based on selling fake tokens they claim were “affiliated” with the OneCoin crypto scam.
06.11 / 14:43
Twitter
Digital
SEC
scam
Influencers of $7 Billion Crypto Project Issued Subpoenas by SEC – Here’s What You Need to Know
The US Securities and Exchange Commission (SEC) has subpoenaed some influencers of HEX, a crypto project with a market cap of around $7 billion.
05.11 / 16:59
BTC
SEC
scam
Bitcoin
Sec Charges
SEC Charges Coin Club Founders for $295 Million Ponzi Scheme
The US Securities and Exchange Commission (SEC) has filed charges against the founder and three promoters of Trade Coin Club, arguing that they duped investors into sinking money in a fraudulent crypto trading bot.
02.11 / 17:19
UPS
scam
Alleged Japanese Scam Operators Paid up to 3,000 ‘Investors’ in a ‘Worthless’ Cryptoasset
A group of Japanese lawyers has alleged that 3,000 people may have been duped in an apparent Ponzi scheme allegedly hatched by a firm that pledged to pay investors in a “worthless” cryptoasset.
25.10 / 14:29
security
scam
Fraud
community
Crypto Staking
Rug Pull
Withdrawals
$160 Million Rug Pull? – Crypto Staking Platform Freeway Halts Withdrawals Citing ‘Unprecedented Volatility’
UK-based crypto platform Freeway halted withdrawals on Sunday due to, as they claim, never-before-seen levels of volatility - but some argue that this is in fact a rug-pull.
06.10 / 13:47
SEC
scam
SEC Halts Crypto Ponzi Operation Targeting Latino Investors
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action to stop an ongoing crypto Ponzi scheme targeting Latino investors.
03.10 / 16:01
SEC
scam
ICO
PUMP
Two Firms Charged by US SEC for Crypto Pump and Dump Scheme
The U.S. Securities and Exchange Commission (SEC) has charged two now-defunct cryptocurrency firms and their executives for allegedly running a pump-and-dump scam worth $36.8 million from 2017 until 2019 via a token called 'Dignity' (DIG).
09.09 / 14:35
Ethereum
Man
scam
Bitcoin
Ethlot.me Ethereum Mining ‘Scam Mastermind’ Flees South Korea for the Philippines
The alleged leader of what police believe to be a ethereum (ETH) mining scam masquerading as a bona fide “pool” has fled abroad.
08.09 / 16:41
scam
Cybercrime
Theft
Rug Pulls Were Rampant In August But Slightly Decreased On Previous Months - Report
Rug pulls, a type of theft which occurs when owners of a crypto project flee with the funds collected from their investors, dominated Web3 world-based scams and exploits in August, with 33 out of the 44 recorded exploits deemed rug pulls and exit scams, according to a recent report released by blockchain security company CertiK.
25.08 / 11:15
18.08 / 18:07
17.08 / 12:55
02.08 / 12:01
regulation
scam
NY Attorney General’s Office Asks Crypto Whistleblowers to Provide It with Tip-offs
In the US, New York’s Attorney General says she wants Big Apple-based crypto industry workers and investors to come forward with complaints about unscrupulous crypto firms.
27.07 / 05:59
cryptocurrency
Crime
scam
pig butchering
'Pig Butchering' Crypto Investment Scams Delivered 'Massive Losses' to Victims
An emerging and rather complex form of investment scam known as “pig butchering,” wherein flirtatious strangers convince unsuspecting users to invest in crypto trading platforms that eventually seize funds when victims try to cash out, has reportedly robbed victims of millions of dollars worth of cryptoassets.
25.07 / 15:37
NFT
Crime
security
scam
Top 7 NFT Scams to Look Out For
While the NFT market has opened up new opportunities for artists and creators to monetize their work, it has also created an opening for scammers to exploit and siphon crypto and JPEGs from unwitting victims.
15.07 / 17:35
Crime
defi
scam
Chainalysis
Mixers
Mixers Receiving ‘More Cryptocurrency than Ever in 2022’ - Chainalysis
Crypto mixers – services that exist to increase the anonymity of crypto users – are more popular than ever, while illicit addresses account for 23% of funds sent to mixers so far this year, a new report from blockchain intelligence firm Chainalysis has found.
14.07 / 21:43
Stablecoin
security
scam
DApp
7 DeFi Risks You Should be Aware of According to CoinShares
Risks are inherent to all financial sectors, and decentralized finance (DeFi) is no exception.
28.06 / 03:33
scam
Legal
phishing
Crypto Exchange That Hosted a Scammer’s Wallet Is ‘Not Liable’ For Victim’s Losses, Court Rules
A South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims’ coins onto its platform.
24.06 / 03:57
Crime
security
scam
SIM Swaps, Other Crypto-related Crimes Set to Rise in South Korea, Says SK
A South Korean telecommunications giant has claimed that SIM swap-type crypto attacks are on the rise in the country – and has predicted a rise in all crypto-related crime cases in the second half of 2022.
27.05 / 11:41
Exchange
scam
Police
Police Reportedly Looking into Allegations that a Terraform Staffer ‘Embezzled’ Funds
South Korean police could reportedly take over from the “Yeouido Grim Reaper” financial crimes investigation unit in the probe of Terraform Labs after “embezzlement” charges were leveled at an unnamed employee.
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