News
Allegedly collapsed China-based Ponzi scheme Plus Token may be liquidating on exchanges portions of a reported $3.5 billion cache of stolen cryptocurrency, according to venture capitalist Dovey Wan, who is now appealing to the... 2 min read →
Evidence shows EtherDelta was sold to new owners in China and used in an exit scam. Chinese authorities are allegedly taking legal action against the decentralized exchange, according to documents provided by Dovey Wan,... 2 min read →
The team behind the Claymore (CLM) token project, a deflationary cryptocurrency launched on the Ethereum blockchain, appears to have pulled an exit scam. This, according to a post from a Reddit user, who revealed... 2 min read →
Videos of protestors attempting to enter the research and development center of a Tron partner in China went viral. Justin Sun responded to allegations of inaction related to the Ponzi scheme, masquerading as Tron,... 3 min read →
Ernst & Young revealed that QuadrigaCX, a failed Canadian crypto exchange that lost almost $190 million of its users funds, may have committed fraud. Auditors found that the exchange’s late founder and CEO transferred... 2 min read →
Cobinhood, a well-known Taiwanese cryptocurrency exchange, allegedly pulled an exit scam after filing for bankruptcy. The exchange’s associated company DEXON Foundation, and its DXN token, raised $3.5 million last month. The company is currently... 2 min read →
OneCoin, a controversial cryptocurrency issuer accused of running a $4 billion pyramid scheme, has been sued by a former investor over her losses. A request was also made for class-action status to be granted... 2 min read →
Multiple cases of “Flash Boys” type automated trading bots have been found working on decentralized exchanges. According to researchers from Cornell Tech, the aggressive market strategies employed by these bots enable manipulative practices that... 3 min read →
Receiving Bitcoin investment related emails could cause a Windows clipboard hijacker to be installed on your computer, researchers warn. The new malware spam campaign that aims to steal bitcoins from its victims is currently... 2 min read →
The leader of a prolific cryptocurrency Ponzi scheme, OneCoin, was arrested and charged on Mar. 6th. OneCoin Ltd. claims to have 3 million members—or victims—worldwide and has generated over €3.3 billion in fraudulent sales.... 3 min read →
Cryptocurrency wallet Coinomi has once again become involved in a security scandal, with a security consultant claiming to have found a vulnerability in the service. Allegedly, the service would send wallet seed phrases, the... 3 min read →
The US Federal Bureau of Investigations (FBI) is looking for victims who invested in the cryptocurrency BitConnect (BCC) to aid with the ongoing investigation of the alleged Ponzi scheme, the agency announced Feb. 21st.... 2 min read →
Thirty people in Bangkok filed complaints with Thailand’s Technology Crime Suppression Division after they were allegedly scammed by cryptocurrency cloud mining company CryptoMining.Farm, the Bangkok Post reported. A total of 140 victims were allegedly scammed... 2 min read →
The SEC filed a complaint against Blockvest and its founder for allegedly making unregistered securities offerings and using the SEC seal without permission. On Feb. 14th, the US District Court of California entered in a... 2 min read →
A new form of cryptocurrency-stealing malware has been identified in the Google Play store. Dubbed ‘clipper’ malware, it was discovered inside an app impersonating MetaMask—a full browser extension which allows Ethereum-based apps to run... 2 min read →
Eugenia Alcalá, the CEO of Dash Venezuela, issued a statement following embezzlement accusations against Dash Merchant Venezuela, a separate Dash-funded organization. Some in the community are still outraged. Meanwhile, the CEO apologized for delays... 3 min read →
Icelandic Bitcoin mining equipment thief, Sindri Þór Stefánsson, was sentenced to four and a half years in prison on Jan. 17th. He was re-apprehended in the Netherlands after he fled custody and boarded a... 2 min read →
There are percolating allegations that Apollo Currency is a “pump and dump.” Others claim that one of the project’s co-founders—Stephen McCullah—is a “scam artist,” and that APL is a “massive scam” that is making... 12 min read →
A BitMEX report highlights the egregiousness of the ICO craze of 2017. Cryptocurrency companies were able to raise millions absent of accountability and with little work, and at the expense of likely unsophisticated buyers. The scathing... 3 min read →
New Zealand-based Cryptopia is the first cryptocurrency exchange to get hacked in 2019. Estimates of the damage range between $2.5 to $3.5 million; The attack was confirmed in the late hours of Jan. 13th after... 2 min read →
