Scams

The U.S. Justice Department has charged nine individuals who ran two crypto Ponzi schemes, engaged in a conspiracy to commit wire fraud, and made false statements. The agency announced the charges on Wednesday, December 14. The founders…

Gemini, the crypto exchange led by the Winklevoss twins, has seen its users targeted by phishing attacks after the emails of 5.7 million users were stolen in a “third-party” data breach. 5.7 Million Gemini Users…

The digital age has created a world where complex relationships in global trades are constantly being tested. Unfortunately, those affected by these failures struggle to maintain trust in their organizations and the blockchain…

Households are being warned not to let scammers ruin their Christmas.Fraudsters will use the distractions of the festive period to strike, HSBC UK warned.The bank has compiled a list of “12 scams of Christmas” for people to watch out…

South Korea is the 3rd most targeted country for crypto fraud, with 8 hacks and breaches worth $158,000,000. 2022 was the worst year for crypto fraud and breaches, with 120 different incidents occurring during the year. This was…

Jim Chanos, a short seller famous for shorting the Houston energy-trading company Enron, which imploded spectacularly in 2001, often refers to the book “The Seven Signs of Ethical Collapse” when talking about identifying financial…

It should be obvious to pretty much everyone at this point that anything crypto is an old-fashioned grift, a scam, a Ponzi scheme. Those who got in on the ground floor of crypto-currencies and NFTs and the like—and then left…

Dan Kitwood/Getty ImagesBitcoin prices have spiked since October — and the cryptocurrency is now closing in on $10,000, leading the way for digital currencies that have seen huge gains in 2017.The federal government is taking aim at a…

Since the beginning of 2022, the crypto industry has experienced little respite. The Securities and Exchange Commission (SEC) has officially announced that charges will be filed against eight social media influencers in connection with a…

By Lukas I. AlpertThe method by which Sam Bankman-Fried siphoned FTX customer funds into the coffers of his trading firm, Alameda Research, had been baked into the structure of the crypto exchange from the day it opened in 2019,…