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Browsing Category

Scams

Sunak’s crypto dreams come crashing down

Changpeng Zhao, chief executive of Binance, even met with Emmanuel Macron and said the French president made it very clear that he wants to attract crypto businesses to the country and views blockchain as an important sector.  Meanwhile,…

$44M Ponzi scheme charged with stealing $18M in funds

Two individuals and a company have been charged with operating an illegal community pool and fraudulently soliciting $44 million via an “income fund investing in digital assets.”The defendants are Sam Ikkurty, Ravishankar Avadhanam, and…

Terra LUNA fork voting in chaos amid massive inflation

In response to the de-pegging of UST, trillions of LUNA coins were minted due to the nature of the Terra LUNA algorithm used to maintain the UST dollar peg. LUNA is used in the Terra blockchain’s governance, which is now under threat due to…

NFT: These are the scams you must avoid

The non-fungible tokens became popular in the last few years. Part of the art revolution began with the Bored Ape Yacht Club that NBA stars, sports figures, and artists acquired lately and a very high cost. By definition, NFTs are unique…