Scams

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…

Jan 7 (Reuters) - A U.S. Trustee filed an objection on Saturday to plans by bankrupt crypto exchange FTX to sell its digital currency futures and clearinghouse LedgerX, as well as units in Japan and Europe, according to a court filing.FTX…

Since the Scam Banking Fraud fiasco in the crypto world, I have looked a bit more into cryptocurrencies and NFTs. Not much, just to satisfy some curiosity. That curiosity brought me to the YouTube channel Coffezilla (which I recommend). And…

Cryptocurrencies were supposed to offer a new, virtual alternative to the current, mundane “corrupt” system, in which a few dozen bureaucrats in conference rooms around the world — central bankers — manipulate the…

By - Debanjan Chatterjee,2022 has been nothing short of a roller coaster ride as news about synthetic ID fraud, fraud rings, crypto meltdowns, UPI fraud, and money laundering rocked the financial world. As digital continues to be the…

The U.S. Securities and Exchange Commission (SEC) has charged the team behind Coindeal, a $45 million fraudulent crypto investment scheme. The regulator explained that the defendants falsely claimed that Coindeal “would generate…