Scams

Mounties in Coquitlam are out with a warning after receiving multiple reports of a cryptocurrency scam last month. In a news release, the detachment described the fraud and said victims in the city have already…

These messages, he said, can be sent on social media or through texts and emails. Typically, victims are persuaded to open and deposit money into crypto-trading accounts; then they are sent fake account statements showing…

NEW YORK, Jan 9 (Reuters) - Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as to how U.S. law treats cryptocurrency, as other high-profile defendants in criminal cases…

“Romance scammers often appear as attractive, wealthy, and successful business people looking for serious relationships. They approach victims on dating apps or social media and start intimate online relationships,” shares Marijonas, a…

Pune, January 8: Despite several efforts by officials to inform citizens about fraud, fraudsters are finding new ways to dupe people. In another case of fraud, cops have arrested a man who allegedly duped an…

After the first week of 2023, two scam alerts have been sounded for Culpeper and the rest of Virginia regarding utilities and cryptocurrency.On Jan. 3, an announcement was made by the town of Culpeper warning residents of a…

The U.S. Department of Justice (DOJ) has asked victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to come forward. The former FTX executive has been charged with “defrauding customers of FTX.com, investors in FTX.com, and lenders…

Hackers stole more cryptocurrency from decentralized finance (DeFi) platforms than ever before in 2022. Nearly 98% of all tokens launched on DeFi’s flagman DEX Uniswap were identified as rug pulls. The latest one, Defrost Finance,…

Former Federal Reserve Chairman Alan Greenspan says crypto is “too dependent on the ‘greater fool theory’ to be a desirable investment.” However, he noted that the collapse of crypto exchange FTX was “purely fraud,” rather than the…

The US Securities and Exchange Commission (SEC) charged Neil Chandran and seven other individuals and entities for orchestrating the fraudulent cryptocurrency investment scheme called CoinDeal.  The suspects allegedly…