Ponzi scheme

crypto scam and ponzi scheme

Over $117M Bitcoin in Crypto Scam PlusToken Moves to New Addresses

Over 12,000 bitcoins (currently worth over $117M) associated with the alleged crypto scam PlusToken, have just moved to two new blockchain addresses. The two addresses are 1st address, 2nd address. The revelation was made public by the VP of research at Chinese blockchain security firm PeckShield, Chiachih Wu, through a tweet. As you can see, […]

Crypto Investment scam

Common Crypto Scams and How to Avoid Them?

When there are complex financial products involved, there’s a fraud. As cryptocurrencies have become mainstream, many people become aware that there’s a lot of money to be made in it. However, most people aren’t experts, and fraudsters/scammers know this. Thus, people fall into crypto scams and lose their hard-earned money.

National Liberal Party

UK’s National Liberal Party to adopt pro Crypto consumer policy

The National Liberal Party (NLP) of the UK has become the first UK political party to introduce a coherent forward-looking policy on cryptocurrency. It argues that the current crypto policy has failed and the government hasn’t taken any action…

Diamond backed crypto Ponzi scheme

Venezuelans Fall Prey to Crypto Ponzi Scheme: Lawsuit Filed with US Court

Seven Venezuelan investors reported a case against the accused companies connected to the $30 million worth crypto Ponzi scheme. The firms including Eagle Financial Diamond Group Inc. and Argyle Coin are reported to the Florida Federal Court. The involved crypto asset in this scheme was pegged to diamond…