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Hong Kong Crypto Mining Founder Flees with $2.5 Million
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Hong Kong Crypto Mining Founder Flees with $2.5 Million

A new day, and there’s another cryptocurrency related mining scam. Residents of Macau, which is across the Pearl River Delta from Hong Kong complained to law enforcement that the founder of a crypto mining firm fled and disappeared with HK$20 million which is roughly equal to $2 million. This company...
Vietnamese CEO flees Country After $35 Million Scam
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Vietnamese CEO flees Country After $35 Million Scam

A mining scheme out of Vietnam collapsed as its CEO reportedly took away all the funds and left the country. This incident took place at Sky Mining, where the investors and board members tried reaching the CEO, Le Minh Tam, however did not receive any response. People visiting the company’s...
Top Indian Government Officials Involved in Mega Bitcoin Scam
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Top Indian Government Officials Involved in Mega Bitcoin Scam

Top Indian officials of the Bharatiya Janata Party (BJP) have allegedly committed a “mega Bitcoin scam”. Apparently, those accused converted black money to Bitcoin (BT) and used the cryptocurrency for money laundering and extortion. Shaktisinh Gohil, the Senior Indian National Congress (INC) member suggested that the honourable Supreme Court should look...
Karma Group filed legal action against Cryptoexchange HitBTC
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Karma Group filed legal action against Cryptoexchange HitBTC

Karma Group has filed a legal action against crypto exchange HitBTC through Hong-Kong court and financial regulator. Karma Group is a blockchain based loan company. HitBTC is among the top 10 Crypto exchanges. According to data on CoinMarketCap, it is the sixth large crypto exchange in the globe in terms of...
Israel Seizes 1000 Bitcoins in Money Laundering Case
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Israel Seizes 1000 Bitcoins in Money Laundering Case

Israel seized 1000 bitcoins in a money laundering case on Monday, 23rd May. The cyber-crime division of State Attorney's office of Hebron, Israel accused local Hilmi Git on Monday of purportedly using more than 800 Israeli Visas to complete 20,000 false exchanges and laundering the money using Bitcoin. The charge,...
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ACCC Report Reveals Amount Lost to Crypto Scams in Australia

The annual scams report published by The Australian Competition and Consumer Commission (ACCC) has disclosed the amount of money lost to crypto scams in Australia last year. According to the official report, Australian consumers lost roughly $2.1 million last year to cryptocurrency-based scams. The ACCC’s analysis report also reveals that...
SEC Educates Investors About ICO Scams
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SEC Educates Investors About ICO Scams

The Securities and Exchange Commission (SEC) educated the investors about ICO scams in an ingenious way. A new digital currency launched was today with the name of HoweyCoin. The cryptocurrency is going through a pre-ICO stage and its team said that the cryptocurrency would be the "standard for the travel...
PayTezo is a SCAM!
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PayTezo is a SCAM!

PayTezo (PTEZO), the cryptocurrency payments app which was supposed to be launched this month, is a SCAM! According to their listing on ICObench (which has now been removed), they "envision to be the Ali-pay of Southeast Asian and the Indian market. It will allow payments and booking through both fiat and cryptocurrency" With...
Symmetry Fund Scam
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Symmetry Fund is a SCAM!

The world of cryptocurrencies is full of uncertainties, and you can never know for sure what would happen the next second. An ICO you found legit might actually turn out to be a scam, and you would end up losing out on a lot of money because of it. Fret...
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