Tag Archive: scam

  • Altcoin News, Altcoins, News, News teaser, Op-Ed

    Russian Pyramid Scheme Mastermind Hawking Mavro Crypto

    Sergei Mavrodi, the man behind the MMM pyramid scheme in Russia that resulted in at least 50 suicides, is back and relaunching his Mavro cryptocurrency. The crypto world can be a dangerous place. Not only do people have to contend with criminals hacking exchanges and emptying wallets, there are lots of shady characters pushing ICOs and other get-rich-quick schemes. One of the most outright brazen fraudsters is Sergei Mavrodi, the man behind the MMM pyramid

    · December 24, 2017 · 1:00 pm
  • Bitcoin Investment, Bitcoin Security, Companies, News, News teaser

    SEC Cyber Team Shuts Down Fraudulent ICO

    Initial coin offerings have become one of the most popular and easy ways to raise money online through cryptocurrencies. But ICOs have also become a popular way for fraudsters to scam people as the SEC recently showed by filing suit against the ICO by PlexCorps. ICO: A Threat to Venture Capital Firms? Early stage startup funding has been steadily declining over the last couple of months. The main reason behind this is the rapid rise of

    · December 5, 2017 · 12:30 am
  • UK's Guardian: 'Mr Money Moustache' Calls Bitcoin, Gold 'Waste Of Energy' Altcoin News, News, News teaser

    Bitcoin Gold Releases Statement on MyBTGWallet Scam

    The developers of Bitcoin Gold (BTG) have released an official statement on the MyBTGWallet scam that resulted in millions of dollars worth of cryptocurrency being stolen. While the realm of cryptocurrency is exciting, it can still be a wild and dangerous place where scammers seek any opportunity to rip people off. A major firestorm currently raging is the MyBTGWallet scam that resulted in millions of dollars in digital currency being stolen from people’s wallets. Although

    · November 23, 2017 · 9:00 am
  • onecoin Bitcoin, Bitcoin Education, News, News teaser

    OneCoin Ponzi Steals $145K From Wrongfully Imprisoned Man

    Perhaps the saddest example of how OneCoin’s fraudulent activities can negatively impact people’s lives has surfaced in Chinese investor Chen Man. OneCoin Inhales $145k Compensation Cash OneCoin, long suspected by the media, governments and investors alike to be a Ponzi scheme, defrauded Man out of over one million yuan ($145,000 USD). Man, who is famous for having spent 23 years in prison for a murder he did not commit, decided to invest in the scheme thinking

    · February 28, 2017 · 4:00 am
  • Nigeria Bitcoin, Bitcoin Education, Bitcoin Investment, Bitcoin Regulation, News, News teaser

    Clueless? Nigeria’s SEC Says Bitcoin, OneCoin Pose Equal Risk

    The Securities and Exchange Commission in Nigeria has issued a public notice in which caution is advised with regards to ‘cryptocurrency’ investments. WARNING: Cryptocurrencies Ahead The Securities and Exchange Commission in Nigeria has issued a warning regarding investing in Bitcoin, Swisscoin, and Onecoin. The public notice seeks to alert the public regarding the risk posed by cryptocurrencies following solicitations of the public to invest. The notice reads: The attention of the Securities and Exchange Commission

    · January 14, 2017 · 9:00 am
  • Scam Altcoin News, Altcoins

    Dash-Wallet.com: The Scam that Keeps on Keeping On

    Phishing site, Dash-Wallet.com, is still defrauding unexpecting users of their Dash despite having been outed as a fraudulent website years ago. Also read: MBit Casino Issues $60K Payout to a Single Winner Dash-Wallet.com Still Victimizing Users with Phishing Tactics There are many online warnings for Dash users to heed, but unfortunately, they are not very visible unless one were to proactively look for them.  And because most of the users being defrauded are likely careless, naive;

    · September 7, 2016 · 6:20 pm
  • Kennedy Altcoin News, Altcoins, Bitcoin Breaking News Brief, Breaking Bitcoin News, Breaking News, News, News teaser

    Dogecoin Con-Artist Ryan Kennedy Charged With 11 Counts Rape

    February 4, 2016 – Ryan Francis Kennedy, The man allegedly responsible for Moolah, the defunct Dogecoin trading platform, accused of stealing over 750 BTC (approx. $285,000 US at the time of writing) from the Dogecoin community, and over a million US Dollars from Moolah customers, has been charged with 14 counts of sexual misconduct against 5 women, including 11 counts of rape. Also Read: Bitcoin Mixing Services Were Never Meant To Be a Part of

    · February 4, 2016 · 5:48 am
  • Altcoin News, Bitcoin, Companies, News

    Dogecoin Community hit by Moolah Scam

    Over 1100 BTC have been reported as missing from Moolah, a financial platform offering consumer, merchant, and exchange services in the UK, US, and Ireland. The Syscoin developers reported Moolah owes 750 BTC and is initiating legal action via Selachi LLP. The other 400+ BTC missing were reported on the BitcoinTalk forums by forum users in a thread created by BlockaFett. On October 14, 2014, Alex Green published Moolah’s post-mortem on the company blog. “…we

    · October 19, 2014 · 5:19 am
  • Bitcoin Not a Fraud Altcoin News, Altcoins, Bitcoin, Markets and Prices, News, Uncategorized

    Another Scamcoin detected. How to identify signs of fraud

    The world of Bitcoin and digital currencies has often been described by many critics as the “new Wild West”. In fact, this year we have seen a growing number of new scam coins being introduced, many of them designed by the same scammers. The crypto currency community is tired of all this fraud schemes and is starting to demand a lot more proof from coin Devs and the number of launches and scams has been slowing down ever since.

    · October 9, 2014 · 7:54 am