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Lawsuit filed against DJ Khaled and Floyd Mayweather in Centra Tech Scam

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DJ Khaleda and Floyd Mayweather have been hit with a lawsuit from individuals who say that the stars were a part of an illegal cryptocurrency scam.

DJ Khaled and Floyd Mayweather have been hit with a lawsuit from individuals who say that the stars were a part of an illegal cryptocurrency scam that screwed investors out of millions of Genuine dollars.

The coin at the focal point of the outrage is called Centra Tech – and, as indicated by the legal lawsuit, Floyd Mayweather and DJ Khaled were influential celebrity endorsers who promoted the virtual cash on social media.

 

Actually, social media posts from Floyd urged individuals to purchase the coin and he said he was so energized in regards to it, “You can call me Floyd ‘Crypto’ Mayweather now.”

 


DJ Khaled called the company a “game changer.”

The issue … the Securities and Exchange Commission says the company behind the coin was working illegally, deceptive investors and cases a few of the executives recorded on the company website don’t generally exist.

Centra Tech raised $32 million in maneuvering amid the initial coin offering in 2017 … much obliged, to some degree, to the celeb supports … the lawsuit claims.

The founders of the company were arrested back in April and are dealing with a few indictments including securities fraud, wire fraud, and some conspiracy charges.

In the suit, investors are pursuing the company founders and the celeb endorsers for fraud – and they’re trying to recover their millions of dollars in addition to harms.

One intriguing note from the lawsuit – investors say the estimation of the coin has dived over the previous year. It was worth generally $1 per coin in February and after the arrests in April, it’s dropped to under $0.02 per coin.

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Bitcoin Giveaway Scam: High Profile Twitter Accounts Hacked

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A team of cybercriminals hacked the twitter accounts of some famous retail business accounts on twitter to promote another cryptocurrency giveaway scam.

A team of cybercriminals hacked the twitter accounts of some famous retail business accounts on twitter to promote another cryptocurrency giveaway scam. These include the twitter accounts of retail industry giants Target and The Body Shop. The hackers are believed to be poor in English writing as the scam messages are usually written in a poor language. The hackers targeted a number of verified Twitter accounts.

The tweet on Target’s Twitter account read:

Target-Twitter-Hack

After which a few hours later when the team realized that their account had been hacked, they posted another tweet stating that their account was inappropriately accessed for posting a bitcoin scam:

 


Apart from Target, a number of other accounts such as The Body Shop, Universal Music Czech Republic, Toledo Rockets, the Agriculture, Horticulture Development Board and UNHCR Serbia account were also targetted by the hackers.

The hackers seem to be quite expert as it is quite surprising how a good number of verified Twitter accounts were all hacked at once. Earlier, the hackers used to clone the accounts rather than directly taking over the accounts.

In a recent case, a group of hackers had cloned the account of Cap Gemini Australia and replaced the name with Elon Musk and posted a similar bitcoin scam message stating that Elon Musk was giving away 10,000 BTC to all his community:

elon-musk-twitter

 

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Million Dollar Indian Cryptocurrency Ponzi Scheme Cracked

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Ambidant Marketing and Investment Company is being regarded as a Crypto Ponzi Scheme run by son and father Syed Afaq Ahmed and Syed Fareed.

Ambidant Marketing and Investment Company is being regarded as a Crypto Ponzi Scheme run by son and father Syed Afaq Ahmed and Syed Fareed promised investors of Halal Investments to seek a huge amount of investment from Muslims.

 

How did the company work?

The company attracted Muslims to invest in the halal business and investments. The investors were promised a huge monthly return of 50% per 100,000 INR. The company used Ulemas (a body of Muslim scholars recognized as having specialist knowledge of Islamic sacred law and theology) for marketing the activities of the company as Halal.
The company used the money invested by people to further invest in cryptocurrencies and gain a massive amount of profit to pay back the investors only some amount out of it.
The company started to grow enormously with the rise of cryptocurrencies while the company never revealed where it earned profits from.

 

What happened to the investors?

As the company grew further and further, the return on investments was decreased from 50% to 25% to 11% and further to just 9% in the month of January 2018. After this period, the company stopped paying out its investors. From the start up to this time, only a few of the investors became lucky and had doubled their investments ranging from 100,000 INR to 10,000,000 INR and others were left with nothing but losses.

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Scam Alert: Fake EOS wallet app can steal your Private Keys

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The EOS RIO organization has cautioned that fraudsters have propelled a fake simplEOS wallet app on Google's Play Store to get clients' private keys.

The EOS RIO organization has cautioned that fraudsters have propelled a fake simplEOS wallet app on Google’s Play Store, apparently to get clients’ private keys.

EOS RIO has done what it can to get the app brought down, clients ought to know about the risk associated with downloading wallet apps from Google Play.

At present, it’s vague what number of clients downloaded the malignant app. It appears to have just been brought down from the Play store, in any case. Until further notice, clients are encouraged to just download apps from developers they trust.

 

Other Fake Apps

This isn’t the first run through third-party EOS-related apps are utilized to cheat clients.

Prominently, fake cryptocurrency-related apps appear to be plenteous on Google’s Play Store. This month, security researcher Lukas Stefanko discovered that an app called Easy Rates Converter wasn’t simply changing over monetary standards for its clients.

It purportedly introduced malware to monitor clients’ gadgets to then make “fake activity” that overlayed real apps like that of cryptocurrency exchange Binance. It would then record their credentials to take their cryptocurrencies.

Prior this year, a fake MetaMask app found on Google’s Play store figured out how to cheat clients out of $2,700 worth of Ethereum. The app, found by Stefanko, had at once a couple of negative surveys from clients who professed to have been stolen.

 

Google banned cryptocurrency mining apps from its Play Store back in July, in what is accepted to be an endeavor to prevent developers from putting a strain on clients’ telephones and their assets. An examination, later on, discovered that some were having the capacity to sidestep the boycott.

While Google’s Play store is by all accounts more inclined to malignant apps, there have been comparative cases on the iOS app store. To stay safe, clients should scan for authority declarations enumerating the dispatch of apps, and give careful consideration to other clients’ surveys and other warnings.

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