Crypto Scam

China’s tax agency calls on the government to impose taxes on cryptocurrencies.

An official Chinese tax newspaper has called on the government to impose taxes on cryptocurrencies, despite the recent show of hostility towards the industry by the government. The article, which was attributed to the state tax agency, further called...

Mt. Gox is all set to pay out over $9 billion in BTC to its creditors.

In a move that could finally close down the longest-running sagas in the digital currency industry, Mt. Gox is all set to pay out over $9 billion to its creditors. The trustee for the now-defunct crypto exchange revealed that...

Google report shows Russian hackers target YouTube channels to broadcast crypto scams.

According to Google's Threat Analysis Group, cybercriminals in Russia have been targeting YouTube content creators in phishing campaigns for the last two years. The bad actors often hijack their channels and either sell them back for a higher price...

US CFTC charges PrimeFX for $1.2 million crypto fraud.

The US Commodity Futures Trading Commission (CFTC) has busted a massive forex and Bitcoin trading racket and brought civil enforcement charges against eight individuals who were running the scheme. They operated a platform called Prime FX and misappropriated over...

Russian central bank announces to take action against ‘suspicious’ crypto activities.

According to local reports, the central bank of Russia is planning to take steps to throttle the rise in crypto trading activity in the country, including blocking some digital currency purchases, in a bid to tackle suspicious activity. The Bank of...

Former Manchester United soccer star Anderson charged in connection with a crypto scam.

A retired former Manchester United soccer star, Anderson Luís de Abreu Oliveira, has been charged in connection with a wide-ranging cryptocurrency fraud probe as part of an investigation into suspected money laundering through cryptocurrency. Brazilian player Anderson, who retired...

Google takes down eight fake crypto-mining apps from its Play Store, several remain.

Google has taken down eight fake digital currency mining apps from its Play Store. The global tech giant was alerted to the presence of the eight by cybersecurity firm Trend Micro and took them down promptly. However, according to...

Poly Network hacker shares the key to remaining $141 million funds.

The Poly Network hacker dubbed "Mr. WhiteHat" has returned the final piece of the $610 million they had stolen from the DeFi network nearly two weeks ago. Poly Network confirmed that they had successfully retrieved the remaining 28,953 ETH...

BitConnect promoters agree to pay $3.7 million and 190 BTC in a settlement with the SEC.

The U.S. SEC has entered a settlement with two alleged promoters of the multi-billion dollar BTC scam BitConnect. BitConnect agreed to pay over $3.7 million in disgorgement and prejudgment interest. They are also to forfeit 190 BTC to the...

Venezuelan merchant killed after family failed to pay ransom in bitcoin.

A Venezuelan merchant identified as Gustavo Torres González was murdered yesterday when his family failed to gather ransom money that kidnappers requested be paid in bitcoin. According to the local media, Torres was abducted on August 10 when he was...

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The European Central Bank appoints an advisory group for the digital euro project.

The European Central Bank has announced the appointment of the Digital Euro Market Advisory Group. This organization will give council to...