Latest news about: fraud

CEO Sky Mining disappeared with 35 million dollars of investments

CEO Sky Mining disappeared with 35 million dollars of investments

The harsh reality of unregulated markets is once again struck by the cryptocurrency industry: the Sky Mining, the largest mining conglomerate of Vietnam, was another fraudulent project. On 26 July it became known about the disappearance of Le Minh Tama — CEO of the aforementioned company. Le Ming, like a polite person, I couldn’t leave… More

Break the pattern: German cryptocurrency project, which drew $ 50 million, pretended to be a Scam to attract more investment

Break the pattern: German cryptocurrency project, which drew $ 50 million, pretended to be a Scam to attract more investment

18 APR Frankfurt startup Savedroid popular, which grossed over $50 million investment just disappeared with the money collected during the ICO. CEO and founder of the project and Yassin Hanker after arisen among investors panic, have issued the following tweet: “Thank you all! The end… #savedroidIC” Savedroid German ICO, collecting money from February 9 to… More

JPMorgan accused of fraud with cryptocurrencies: the details of the lawsuit

JPMorgan accused of fraud with cryptocurrencies: the details of the lawsuit

If before Jamie Dimon didn’t believe in karma, he believed. According to Reuters, JPMorgan the company has been trial. Brady Tucker, of Idaho, filed a lawsuit in a court in new York. The plaintiff claims that JPMorgan will charge additional fees and much higher interest for cryptocurrency transactions, compared to the charges for transactions with… More

The biggest Scam in the history of crypto-currencies: Two fake startup cheated investors for $660 000 000

The biggest Scam in the history of crypto-currencies: Two fake startup cheated investors for $660 000 000

Two issuers ICO vanished without a trace after users questioned their activities. It turned out that they were actually scammers who managed to cheat 32 000 investors and to fraudulently take possession of the cryptocurrency in the amount of 660 million dollars. Cryptocurrency startups Ifan and Pincoin, supposedly based in Singapore and Dubai respectively, were… More

In India arrested the organizers of cryptocurrency Scam project cheated investors for $300 million

In India arrested the organizers of cryptocurrency Scam project cheated investors for $300 million

Amit Bharadwaja and his brother Wijekumar, the founders and leaders of GainBitcoin, established in 2013, cloud-based platform for mining and trading bitcoins, appeared before the court. They are accused of large scale fraud. The organizers assured users that GainBitcoin provides reliable trading environment for the more than one million of its customers. However, according to… More