Monday, March 30, 2020

Crypto Scam News

CEO of crypto wallet provider DropBit indicted for laundering $311 million in bitcoin.

The CEO of crypto wallet provider DropBit, Larry Dean Harmon, has been officially indicted for laundering $311 million in bitcoin for darknet transactions. According...

Crypto exchange Altsbit announces to shut down after suffering a security breach

The Bahrain-based crypto exchange Altsbit, announced that it would shut down its services in May of this year. The exchange suffered a major security...

30m XRP transferred to a wallet which allegedly belongs to Ripple’s former CEO

Whale Alert recently reported that 30 million XRP worth $7.3 million was transferred from an unknown wallet to Funding Wallet1. Several from the crypto community suspect that the...

Court orders PlexCoin to pay $7 million fine for its illegal ICO

SEC continues to bring down cryptocurrency companies one after another. After SEC's complaint, Court has ordered PlexCoin to pay $4.56 million in fine. According to US...

Lunar Digital CEO accuses Bitmax of running illegal pump and dump scheme

Founder and CEO of Lunar Digital, Han Yoon accused BitMax of indirectly defrauding several IEO projects through pump and dump schemes. In a blog post,...

Tron’s decentralization under question after Binance secures 59% votes to become Super Representative

CEO and founder of Tron, Justin Sun announced that Binance has rocketed to the top of Tron Super Representative by securing more than 12...

UK authorities auction off $300,000 worth crypto seized from Talk Talk hacker

According to a BBC report, The UK's Eastern Region Special Operations Unit auctioned off nearly £240,000 worth of bitcoin and other cryptocurrencies that equals to...

BBC investigates on the run “crypto queen” Ruja Ignatova in a podcast series

Recently BBC aired an investigating documentary about the women behind OneCoin scam. Dr. Ruja Ignatova in 2017 held a series of interviews selling her vision of...

Venezuela’s crypto adoption: Is it the devil in disguise?

The central bank of Venezuela is running internal tests to conclude whether it can hodl Bitcoin and Ethereum in its crate of international reserves....

South Korean company to rate blockchain projects based on technology and business

According to a Seoul Finance report, Blockchain Project Evaluation began its operation on 25th September. The company aims to rate blockchain firms based on various...

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