Chinese traders accused of illegal bitcoin collection worth $56 million. The two accused traders Yi Zhou and Xiang Li tempted more than 100 over-the-counter (OTC) traders assuring a return interest. The information came from a regional newspaper report. According to the news, 20 OTC traders registered a report against the two individuals in the Hangzhou […]
There is not a day in a week when we don’t hear about scams happening in the crypto world. The crypto exchange Goxtrade is the latest addition to these kinds of scam activities. Apparently, the firm is extracting the photo of random people from social media. Later it’s putting those people’s picture on its website […]
Every piece of technology has its downsides. In a more proper technical jargon, we call it vulnerability. The concept of cryptocurrency is very much prone to high-end vulnerabilities. The threat comes in the form of ransomware. According to a report by Coveware, the value of ransom demanded by various ransomware has increased significantly in the […]
The Mumbai Crime branch, in India, has uncovered a gang behind a $13 million (INR 100 crore) cryptocurrency scam, which was spread over the states of Maharashtra, Gujarat, and Uttar Pradesh. The scammers had launched a scam coin, dubbed Cashcoin, which was claimed to be similar to Bitcoins. The gang cheated people by promising them double returns within two months.
Indian Police have arrested the fourth suspect of an alleged crypto scam worth 5 billion rupees (about $71.6 million) in the nation. As per reports from The Indian Express, the accused inflated the price of the tokens during investments which could not be redeemed later on by the investors when the price fell.