TL;DR Breakdown South Korean authorities begin clampdown on crypto scams Authorities monitoring phishing attempts 24/7 Authorities in South Korea are beginning to strengthen structures in place to curb rising phishing crypto scam attempts in the country. Local reports in Korea reveal that rise in prices for most cryptocurrencies, phishing activities have tripled in the country. […]
TL;DR Breakdown Crypto scammer may have more in BTC than ever known How Ruja Igntova came about so much BTC Onecoin crypto scam ring leader Ruja Ignatova, behind one of the largest crypto scams the industry has ever seen and still at large, is said to have 230,000 Bitcoin. Ruja Ignatova, also called crypto queen, […]
TL;DR Breakdown • Crypto wallets are better than exchange and hosting systems.• Thefts in cryptocurrencies have increased since 2020. Not surprisingly, crypto assets are gaining popularity in today’s economy due to their potential for easy profits. The word “cryptocurrency” has changed how you can view financial schemes because of its blockchain technology. However, you must […]
TL;DR Breakdown Six imprisoned in aftermath of Thordex exchange heist Turkey deploy hunt team to arrest absconding Thordex exchange CEO Six people have been found guilty and subsequently jailed for their role in the Thordex crypto exchange heist, a Turkish crypto firm that committed an exit scam and absconded with users found worth several U.S. […]
TL;DR breakdown: Instagrammer Jay Mazini has been jailed for allegedly defrauding his followers of $2.5 million in Bitcoin. The investigators noted that his philanthropic videos weren’t actually what it seems to be. A popular Instagrammer, Jay Mazini, formally known as Jebara Igbara, is currently being detained for criminal offenses that include defrauding his followers of […]
Jimmy Gale Watson Jr an executive advisor of the McAfee team while in court pleaded not guilty to charges that he was involved in crypto scams that duped investors of about $13 million. Jimmy Watson who was a navy seal previously and a bodyguard to the John McAfee who developed the McAfee antivirus said he […]
TL;DR Breakdown: An Indian lecturer has been scammed by someone who offered to manage his account. Almost $14,000 is feared to be lost forever. The global cryptocurrency market has unarguably seen massive interest and a huge number of new investors since the past year. However, the growing adoption of cryptocurrency continues to attract scammers looking […]
TL;DR Breakdown: The Turkish police have arrested 18 Chinese men running in fake crypto call centers. More than $200,000 were seized during the raid. As the cryptocurrency market keeps gaining mainstream attention, cyber-criminals still persist with their fraudulent tactics to defraud unsuspecting investors in the digital currency space. Yet, they mostly end up in police […]
TL;DR Breakdown: WisdomTree is seeking the United States’ SEC approval to launch a Bitcoin ETF. Recently, Grayscale published new positions for ETF experts. Leading asset manager and exchange-traded fund (ETF) sponsor in the United States, WisdomTree, joined the list of companies looking to launch a Bitcoin ETF in the country. The company filed a document […]
The Economic and Financial Crime Commission (EFCC) in Nigeria has secured the imprisonment of one crypto scammer, Victor Ogaraku, for Bitcoin theft. Victor was convicted on a one-count charge of obtaining money under false pretense. Justice Mobolaji Olajuwon sentenced him at a Federal High Court in Markurdi, Benue State. According to the court document obtained […]