Category: Crypto Scam

Mastermind of $147 Million Crypto ‘Scam of Epic Proportions’ Sentenced to 10 Years in US Prison

Mastermind of $147 Million Crypto ‘Scam of Epic Proportions’ Sentenced to 10 Years in US Prison

The mastermind of what the U.S. Department of Justice calls a scam of “epic proportions” has been sentenced to 10 years in prison. His crypto scheme collected over $147 million, duping 72,000 investors. He is also ordered to pay the U.S. Internal Revenue Service more than $1.8 million for tax evasion. Scam Involving Fake Cryptocurrency […]

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Mastermind of a Cryptocurrency Scam Arrested in India

Mastermind of a Cryptocurrency Scam Arrested in India

An alleged mastermind of a cryptocurrency scam has been arrested in India after he fled the country to Dubai. Investors were duped into investing in a cryptocurrency linked to a crypto exchange he established. The scheme also promised investors a monthly return of 20%-30% on investments. Alleged Kingpin of Crypto Scam Arrested An alleged mastermind […]

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Mastermind of $25 Million Crypto Debit Card Scheme Sentenced to Prison

Mastermind of $25 Million Crypto Debit Card Scheme Sentenced to Prison

The mastermind behind a $25 million cryptocurrency debit card scheme has been sentenced to one year and one day in prison, in addition to three years of supervised release. The authorities have also seized his cryptocurrency. $25 Million Crypto Credit Card Scheme The U.S. Department of Justice (DOJ) announced Tuesday that Robert Joseph Farkas, also […]

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Massive Fake Celebrity-Endorsed Bitcoin Investment Campaign Duping Google, Facebook Traced to Moscow

Massive Fake Celebrity-Endorsed Bitcoin Investment Campaign Duping Google, Facebook Traced to Moscow

A massive bitcoin ad scam campaign — which features celebrities and mainly targeted Australians — has been traced. The investigation’s findings point to a “highly organized” global business that relies on five addresses in Moscow’s center. Massive Bitcoin Ad Scam Campaign Traced to Russia According to The Guardian, the scam campaign’s magnitude has made it […]

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Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes

Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes

A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes. Crypto Founder Exit Scams, Caught for Tax Evasion The U.S. Department of Justice (DOJ) announced […]

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Operator of Ponzi scheme-turned-crypto scam sentenced to prison after trial in US

Operator of Ponzi scheme-turned-crypto scam sentenced to prison after trial in US

Jose Angel Aman was sentenced to 84 months in federal prison on Wednesday or his involvement in a Ponzi scheme-turned-crypto scam. Aman and his partners allegedly promised investors that they would purchase rough-colored diamonds that could then be sold at a profit — assuring, in that sense, that their professed $25 million diamond stash was […]

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Report: Cryptos Set for Massive Adoption in the US as More Americans Embrace Digital Alternatives to the Dollar

Report: Cryptos Set for Massive Adoption in the US as More Americans Embrace Digital Alternatives to the Dollar

A survey commissioned by Satoshilabs finds that from the 45.8% of American respondents that say they own cryptos, nearly all of them (95%) believe cryptos to be a genuine currency solution. In addition, about 31.7% of those surveyed see crypto as a legitimate alternative to the U.S. dollar, while 40% still slightly favor fiat cash. […]

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Fraudulent Crypto Browser Extension Redirects to a Fake Metamask Domain

Fraudulent Crypto Browser Extension Redirects to a Fake Metamask Domain

A crypto intelligence firm has raised red flags about an increasing flow of comments in the crypto community about an ongoing phishing campaign, which is stealing funds from people who install a malicious browser extension. Chrome Browser Extension Is Redirecting Crypto Users to a Fake Metamask Site According to an alert published by Ciphertrace, since […]

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DDoS Attack Against Brazil’s Electoral System Costs $1000 in Bitcoin (BTC)

DDoS Attack Against Brazil’s Electoral System Costs $1000 in Bitcoin (BTC)

If you have some Bitcoin in your wallet – and you live in Brazil – you can attack your country’s electoral infrastructure and bring the public institutions to their knees while people express their anguish as they wait for the results of a critical election to measure the leadership of the current president, deemed the […]

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