A recent investigation has linked popular YouTube personality James Stephen Donaldson, better known as MrBeast, to over $23 million in alleged profits from various cryptocurrency trades that may involve insider trading. According to a report by advisory firm Loock.io, a group of on-chain investigators claims that MrBeast and his influencer network used their social media...Read More
Malaysian officials have arrested seven people for suspected bitcoin mining operations that involved stealing electricity. The local media, Bernama, reported that the detainees include three Malaysians and four foreigners, who were held separately last week. Electricity Theft in Malaysia In an official statement, the Sepang District Police Chief, ACP Wan Kamarul Azran Wan Yusof, mentioned...Read More
SlowMist, in collaboration with imToken, has uncovered a new breed of cryptocurrency scam that targets users in physical offline transactions, utilizing USDT as the mode of payment. This fraudulent scheme operates by tampering with Ethereum node Remote Procedure Calls (RPC) to defraud unsuspecting victims. Scammer’s Strategy Initially, the scammer persuades the target to download the...Read More
A federal jury has convicted crypto trader Avraham Eisenberg of fraud and market manipulation. The charges stemmed from Eisenberg’s exploitation of Mango Markets, a decentralized finance (DeFi) protocol built on the Solana blockchain. Eisenberg Convicted for Market Manipulation Eisenberg, 28, was found guilty by jurors in a federal court in Manhattan on charges of commodities...Read More
Rabby Wallet is a somewhat popular crypto wallet made by Debank that has been around for a while now and boasts support for 141 chains and multiple signing modes. On the 16th of February, the company behind Rabby Wallet announced the launch of the beta version of its mobile app. Unfortunately for fans of the...Read More
One of the most common scams in cryptocurrency that’s been going on since Bitcoin’s inception is cloud mining scams. Those scams revolve around the scammers setting up a fictitious website offering paid cloud mining services. The scammers usually go through a great deal of effort to prove their mining operation is legitimate, only to scam...Read More
It is evident that the coronavirus crisis is shaking things up on a global basis. Recent findings by Chainalysis further confirm how scammers aren’t paying enough attention to ensure their nefarious projects keep generating revenue. Many different factors influence the success of a cryptocurrency scam. Scammers Need to put in More Effort More often than...Read More
One of the biggest criticisms over the crypto market is due to its wild west environment where anything goes. It’s allowed for the sale of unregistered securities, scams, and much more.The post appeared first on NewsBTCRead More
On June 27, 2019, a handful of leaders for a wildly popular ponzi scheme that spread across Asia were arrested by Chinese authorities after they managed to fleece unwitting customers out of roughly $3 billion. PlusToken, as it was called, promised its “investors” monthly returns of anywhere from 10 to 30 percent in its eponymous...Read More
This article was originally published by 8btc and written by Lylian Teng. Bitcoin’s recent dip under the $10,000 mark is alleged to be directly related to the incessant bitcoin sell-off caused by a $3 billion Chinese Ponzi scheme, and the dump may continue. The scam project, dubbed PlusToken, went bust early in July 2019 after...Read More
