SEC Charges Tron founder Justin Sun, Multiple Celebrities, With Fraud & More
In a move that many would say was a long time coming, the SEC has charged Tron founder Justin Sun, his companies, and a host of celebrities with multiple counts of fraud and breaches of securities laws.
Tinder Bitcoin Scams and Other Crypto Hustles to Avoid
With the Bitcoin price now entering a bull run cycle, Tinder Bitcoin scams and a range of other crypto rip-offs are on the rise - here's what to look out for.
Hacks, Collapses, and Major Updates – The Biggest Crypto Stories Of 2022
2022 is a year that will live in infamy in the digital asset history book. Bigger hacks, bigger blow-ups, and bigger price drops than ever before. Nonetheless, as the year winds to a close, crypto continues moving forward with a stronger conviction for core tenets such as ‘self-custody’ and ‘protocols over private companies'.
Will Hydra’s darknet market tentacles reach the West?
Hydra, Russia’s largest darknet marketplace generated more than $1.2 billion in crypto revenue between June 2019 and July 2020 and now plans to launch a new darknet market targeting Western users.
Plustoken scammers contributed to Bitcoin downturn, finds Chainalysis
Over the years, scammers have been blamed for triggering bear markets by gradually offloading stolen assets. Now a blockchain forensics firm has examined the PlusToken scam by tracing the on-chain movements.
More money lost to scams in “traditional finance” than crypto
One of the most persistent beliefs regarding crypto is the prevalence of fraud. However, fraud is just as, if not more prevalent in the traditional financial markets. Is crypto getting a bad rap?
UK Government appoints FCA as economic crime enforcer
Cryptocurrency scam-related queries have been growing at a consistent rate since May 2018. In response, the UK’s Financial Conduct Authority has been named as an enforcer of the newly published Economic Crime Plan.
Augur scam highlights ‘code is law’ vulnerability of prediction markets
Blockchain-based prediction market Augur is reeling from revelations that a bad actor has taken advantage of platform loopholes to create scam markets and profitably game the system
SEC launch spoof ICO to warn naive ICO investors
SEC launches HoweyCoins — an ICO investment satire intended to educate gullible investors about ICO scams
Besa Mafia deep web hitman service turns out to be an elaborate bitcoin scam
The Besa Mafia hitman marketplace was the latest and most elaborate example of a hitman service on the deep web, the part of the World Wide Web that can’t be found with standard search engines. The very real Silk Road offered a similar deep web marketplace, but focused on illegal drugs, drawing the line at hitmen and weapons.
A Theory of the Scam
Jeffrey Tucker, one of the 50 speakers at the annual The North American Bitcoin Conference, shares his views on the GAW Miners/Paycoin debate heating up and offers a broader view on the nature of scams in general.
