ponzi scheme

Posted by | January 30, 2024
Crypto Fraud Crackdown: SEC, DOJ Charge HyperFund Founders In $1.8 Billion Scheme

In a significant development, the Department of Justice (DOJ) recently announced criminal charges against two individuals. It secured a guilty plea from a third person involved in a global crypto...

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Posted by | January 27, 2024
Estonian Government Clears Extradition Request Of HashFlare Bosses – Details

The Government of Estonia has approved the extradition of Ivan Turogin and Sergei Potapenko,  co-founders of the defunct Bitcoin mining company HashFlare, to the United States to face charges of...

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Posted by | December 6, 2023
Crypto is for criminals? JPMorgan has been fined $39B and has its own token

JPMorgan CEO Jamie Dimon is being hauled over the hot coals on crypto X (Twitter) after claiming Bitcoin (BTC) and cryptocurrency's “only true use case” is to facilitate crime. “The...

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Posted by | November 29, 2023
Blast’s One-Week, $600M Haul Shows Promise of Yield, Pitfalls of Hype

On its face, the idea behind Blast doesn't seem so objectionable: a layer-2 blockchain atop Ethereum that pays interest to depositors – a differentiator that might help a new player...

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thorchain-becomes-third-largest-dex-as-rune-surges-50%-in-a-week
Posted by | November 12, 2023
THORChain becomes third-largest DEX as RUNE surges 50% in a week

THORChain’s $1.32 billion in trading volume over the last week only trails Uniswap and PancakeSwap among decentralized exchanges. 1401 Total views 5 Total shares Native asset settlement protocol THORChain has...

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luxor-refutes-claims-its-bitcoin-hashrate-backed-product-is-blockfi,-celsius-2.0
Posted by | November 5, 2023
Luxor refutes claims its Bitcoin hashrate-backed product is BlockFi, Celsius 2.0

“The return comes from hashrate, not from pixie dust, ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed. 3071 Total views 44 Total shares An upcoming Bitcoin (BTC) hashrate-backed product...

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luxor-refutes-claims-its-bitcoin-hash-rate-backed-product-is-blockfi,-celsius-2.0
Posted by | November 5, 2023
Luxor refutes claims its Bitcoin hash rate-backed product is BlockFi, Celsius 2.0

“The return comes from hash rate, not from pixie dust, Ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed. 5329 Total views 46 Total shares An upcoming Bitcoin (BTC) hash...

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trio-involved-in-crypto-fraud-sentenced-to-prison,-ordered-to-forfeit-$100,000,000-in-bitcoin-and-other-assets
Posted by | October 5, 2023
Trio Involved in Crypto Fraud Sentenced to Prison, Ordered To Forfeit $100,000,000 in Bitcoin and Other Assets

Three of the perpetrators behind the AirBit Club cryptocurrency Ponzi scheme are now facing jail time and forfeiture of millions worth of illegally acquired assets. AirBit Club is an international...

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former-ceo-of-sham-crypto-miner-icomtech-pleads-guilty-of-wire-fraud-for-ponzi-scheme
Posted by | September 27, 2023
Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme

Former IcomTech head Marco Ochoa is the latest crypto fraudster to face charges, while the CFTC charged another company and its head. 366 Total views 10 Total shares Marco Ruiz...

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jake-paul-endorsed-safemoon-gets-hacked-after-introducing-a-bug-in-upgrade
Posted by | March 29, 2023
Jake Paul-endorsed SafeMoon gets hacked after introducing a bug in upgrade

A public burn function introduced in the latest upgrade allegedly allows users to burn tokens from other addresses. 1242 Total views 29 Total shares Own this piece of history Collect...

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