Scams

Security researchers have uncovered a prolific investment fraud group that may have made half a billion dollars in profits over the past four years.Named “CryptosLabs” after a scam website template it used, the group’s fake investment…

A federal judge on Wednesday dismissed a proposed class action lawsuit by investors against the founders of the cryptocurrency EthereumMax, as well as celebrity endorsers including Kim Kardashian and boxer Floyd Mayweather Jr. over their…

EXPLORE OUR FSR OUTLOOK 2023 Financial institutions can expect to face greater scrutiny as watchdogs target fraud in a drive to recover diverted fundsCovid relief fraud Governments worldwide responded to the Covid-19 pandemic and its…

Metallica perform onstage as part of Citi Sound Vault in 2017.Charley Gallay/Getty Images for CitiA man lost $25,500 in bitcoin to a fake Metallica channel, according to the local WIBW-TV station.Metallica posted a statement warning fans…

Dec 7 (Reuters) - The former chief technology officer of Blockparty was arrested on Wednesday after U.S. prosecutors alleged he stole more than $1 million in cash and cryptocurrency from the company, which operates a marketplace for…

Amid the fallout of cryptocurrency exchange FTX’s implosion and subsequent bankruptcy, investors — and their lawyers — are considering ways that they can be made whole when faced with similar crises.A working…

The U.S. Department of Justice (DOJ) has revisited its case against Frank Schneider who served as the Crisis Manager for OneCoin — a $4 billion scam project.OneCoin was a crypto-based Ponzi scheme led by Bulgarian national Ruja Ignatova…

The security unit of Microsoft has warned of a threat actor targeting cryptocurrency investment startups via Telegram groups used to communicate with their VIP customers. Microsoft Identifies Threat Actors Targeting…

Another day, another crypto scam revealed. Call me a Luddite disruptophobe, but I like having rules surrounding what money I have. And as evil as banking institutions can be, I at least know where I stand with them, even if that’s only…

BALTIMORE — The possibility of a quick profit is driving many to invest in cryptocurrency and scammers are taking advantage of consumers unfamiliar with it.Tammy Carr’s crypto nightmare started with a slew of charges on her credit…