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Bitcoin Scam

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Crypto Investors Lost $1 Billion in Scams during the Last 15 Months, Says FTC

Nearly 46,000 people have been affected by crypto scams since the start of 2021.
Median individual loss stood at $2,600 for the mentioned period.

Saturday, 04/06/2022 | 11:48 GMT by Bilal Jafar

Federal Grand Jury in San Diego Indicts BitConnect’s Founder

The jury charged Satish Kumbhani in the $2.4 billion fraudulent crypto scheme.
During its peak, BitConnect reached a market cap of more than $3.6 billion.

Saturday, 26/02/2022 | 10:27 GMT by Bilal Jafar

Coinbase Removes Crypto ‘Rug Pull’ Links from Its Platform

Coinbase deleted the suspected links after being reported by Reuters.
The crypto exchange intends to improve its safeguards.

Friday, 11/02/2022 | 08:24 GMT by Nicholas Otieno

Virtu Financials Targeted in Crypto Scams

Fraudsters are imitating Virtu representatives to trap victims.
The company has notified authorities about such rampant crypto scams.

Tuesday, 11/01/2022 | 08:37 GMT by Arnab Shome

Salvadorians Report Missing Bitcoin from Their Chivo Wallet

Salvadorians claim that Bitcoin has been mysteriously disappearing.
Chivo wallet is facing challenges such as bugs and technical discrepancies.

Wednesday, 29/12/2021 | 19:41 GMT by Nicholas Otieno

Nova Scotia Securities Regulator Alarms against ATB CRYPTO

The commission identified ATB CRYPTO as a scam.
The regulator urges investors to be able to read signs of scams

Friday, 24/12/2021 | 16:29 GMT by Nicholas Otieno

US Authorities Join Mirror Trading Crypto Scam Investigation

Mirror Trading International (MTI) was one of the biggest crypto firms in South Africa.

Wednesday, 04/08/2021 | 06:27 GMT by Bilal Jafar

Venezuelan Authorities Detain Two Alleged LocalBitcoins Scammers

The two Venezuelans allegedly scammed around 36 people through the Bitcoin P2P platform.

Monday, 31/05/2021 | 20:38 GMT by Felipe Erazo

Nigerian Police Arrest Brisk Capital CEO for Alleged $4M Investment Fraud

The Commissioner of the Special Fraud Unit of the Nigerian Police Force said that Dominic Joshua confessed to the crime.

Tuesday, 25/05/2021 | 22:39 GMT by Felipe Erazo

CFTC Hits Mastermind of Control-Finance Bitcoin Scam with $570M Fine

CFTC has failed to locate Reynolds since it uncovered the scam in June 2019.

Friday, 26/03/2021 | 22:01 GMT by Aziz Abdel-Qader

“Jay Mazini” Indicted on Fraud Charges in Bitcoin Scheme

Victims sent more than $3 million worth of bitcoin to the Instagram celebrity, but he never fully paid in return.

Wednesday, 24/03/2021 | 20:42 GMT by Aziz Abdel-Qader

Portuguese Investors Warned to Watch Out for Instagram Scams

Today’s warning comes a few days after Portuguese authorities announced plans to probe social media influencers.

Friday, 12/03/2021 | 18:33 GMT by Aziz Abdel-Qader

US Charges Serbian Man for International Cryptocurrency Scam

Kristijan Krstic scammed investors through Start Options and B2G cryptocurrency investment platforms.

Wednesday, 24/02/2021 | 07:14 GMT by Bilal Jafar

South African FSCA Warns against Growing Crypto Scams

The country recently witnessed a Bitcoin scam running away with $644 million.

Thursday, 04/02/2021 | 13:24 GMT by Arnab Shome

World’s Biggest Bitcoin Ad Scam Targeting Celebrities Shows Russian Links

The investigation report discovered that Bitcoin scammers used profiles of Chris Hemsworth and Waleed Aly to lure investors.

Tuesday, 15/12/2020 | 13:54 GMT by Bilal Jafar

US Court Fines $900K to Crypto and Forex Ponzi Scheme Operator

The perpetrators might not have enough funds or assets for total recovery.

Thursday, 05/11/2020 | 07:15 GMT by Arnab Shome

US Regulators Hit TradeMining Operator with Crypto Fraud Charges

The probes brought to light criminal pleadings that TradeMining's mastermind didn't share with investors

Wednesday, 30/09/2020 | 18:50 GMT by Aziz Abdel-Qader

Indian Crypto Exchange Dupes Dozens of over $272,000

The local police have now started an investigation into the cryptocurrency exchange and its operators.

Tuesday, 22/09/2020 | 12:55 GMT by Arnab Shome

CFTC Files Complaint against Operators of Global Trading Club

The regulator has charged four individuals for allegedly soliciting funds from customers to speculate in BTC.

Tuesday, 15/09/2020 | 05:42 GMT by Celeste Skinner

US Prosecutor Seeks to Forfeit $393 Million from OneCoin Lawyer

Mark Scott is already convicted and his judgment is scheduled for October 9, 2020.

Wednesday, 02/09/2020 | 07:10 GMT by Arnab Shome

Bitcoin Scam in Waterloo Canada Tricks 78 Victims since January

More than CA$430,000 has been lost by victims so far this year.

Friday, 21/08/2020 | 05:05 GMT by Celeste Skinner

US Regulators Charge AirBit Club for Running Crypto Mining Scam

The compliant identified dos Santos and Rodriguez as founders of AirBit Club. The pair are serial scammers.

Tuesday, 18/08/2020 | 21:16 GMT by Aziz Abdel-Qader

Hong Kong Police Arrest Three Men Over $30,000 ATM Bitcoin Scam

Authorities believe the men are part of a larger group which has been scamming bitcoin ATMs.

Tuesday, 18/08/2020 | 06:02 GMT by Celeste Skinner

BitClub Programmer Pleads Guilty for $722 Million Crypto Fraud

The US prosecutors also indicted other masterminds of the scheme.

Friday, 10/07/2020 | 08:14 GMT by Arnab Shome

Chinese Police Seize $15M in Bitcoin in a Fake Crypto Bust

The 10 arrested scammers were lavishly spending their ill-gotten cryptos.

Thursday, 09/07/2020 | 12:20 GMT by Arnab Shome

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