Crypto Scam

Vietnamese Ministry of Finance is looking to regulate cryptocurrencies.

Vietnam is looking to regulate the crypto industry as the government recently commissioned a research group for the purpose. The Vietnamese Ministry of Finance is conducting an in-depth study of cryptocurrencies for regulation purposes. According to ASEAN Briefing, the Vietnamese...

China ramps up a crackdown on crypto scams ahead of new anti-fraud rules.

According to the Reuters report, China has shut roughly 6,000 peer-to-peer (P2P) platforms in a purge of an industry that still owed victimized investors over $100 billion as of last August. According to China's banking regulator, financial frauds are...

Turkish crypto exchange CEO goes missing with $2 billion investors’ funds.

According to the CNBC report, a Turkish cryptocurrency exchange is offline, and its CEO has reportedly gone missing, leaving thousands of investors worried that their funds have been stolen. Thodex, a crypto firm based in Turkey, said its platform...

Texas authorities issue a cease and desist order against two crypto scams.

The Texas State Securities Board issued the cease and desist order against London-based Bitles Limited and its principal Janis Lacis and Princeton, Texas-based C3 Data Services, and its principal Edward Carter. Bitles has been luring investment into eight different "saving plans,"...

2016 Bitfinex hackers move more than half a billion dollars worth of BTC to an unknown wallet.

While the crypto community witnessed a historic day thanks to Coinbase’s listing developments, the day also saw news of an old hack rear its head again. The incident in question, the 2016 Bitfinex hack, made headlined today after it...

New Jersey man sentenced to five years in prison for operating an unlicensed bitcoin exchange.

A New Jersey man has admitted to operating an unlicensed bitcoin exchange for 18 months. He allegedly converted over $2.5 million for his clients without obtaining the required licenses. According to the DoJ press release, William Green appeared before...

U.K.’s legal system warns about an uptick in crypto scams.

With the crypto market gaining widespread exposure worldwide, U.K.'s legal system is expecting a surge ahead in crypto scams taking place in the country. Speaking to the publication, Max Hill QC, director of public prosecutions at the Crown Prosecution...

US state issues a cease and desist order against Ethereum-based investment scheme Forsage.

The US state of Montana has issued a cease and desist order against the Ethereum-based investment scheme Forsage, calling it a Pyramid scheme. In the order issued last week, the state regulator said that it had received multiple state...

Crypto-related scams surged over 400% in Canada.

Cryptocurrency fraud in Canada has surged in the past four years, police have reported. According to the Royal Canadian Mounted Police (RCMP), cryptocurrency-related scams have shot up 400% in the past four years. Canada’s digital currency industry has been...

The mastermind behind a massive bitcoin Ponzi scheme fined $572 million by CFTC.

The mastermind behind a massive bitcoin Ponzi scheme, Benjamin Reynolds, must pay the US Commodity Futures Trading Commission a whopping $572 million in penalty and restitution after a federal judge in New York entered a default judgment against him....

Latest News

ASIC mining manufacturer Canaan plans to begin its first mining operation in Kazakhstan.

The NASDAQ-listed ASIC mining manufacturer Canaan Inc. plans to accumulate Bitcoin directly and optimize its revenue streams by expanding...