Thailand’s Police Arrested 24 Chinese Citizens Over Bitcoin Call Center Scam

Thailand’s Police Arrested 24 Chinese Citizens Over Bitcoin Call Center Scam

According to local news outlets in Thailand, 24 Chinese have been arrested in the country under the accusation of running a crypto investment scam. The authorities conducted the raid in a call center where the Chinese nationals were allegedly conducting a Bitcoin(BTC)trade con scheme. One of the news outlets who reported the events of the arrest, Chiang Rai Times, further detailed that the alleged scam had been operational since March of this year. Currently, the…

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Cybersecurity Company Kaspersky Poised to Save the Crypto Industry From Cybercriminals

Cybersecurity Company Kaspersky Poised to Save the Crypto Industry From Cybercriminals

The multinational cybersecurity and antivirus company Kaspersky has released info about its cybersecurity services that are aimed at protecting crypto and blockchain-oriented companies from cybercriminals. According to CipherTrace’s Cryptocurrency and Anti-Money Laundering research, the global crypto ecosystem lost up to a whopping $4.26 billion to criminals and fraudsters in the first half of 2019 alone, $1.2 billion in the first quarter and over $3 billion in the second. The research also shows that this estimate…

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Did the Purported Fraud PlusToken Manipulate the Bitcoin Price?

Did the Purported Fraud PlusToken Manipulate the Bitcoin Price?

This year has been a great year for the crypto world. Okay, not as great as the 2017 craze, but it is a long way up compared to what we saw last year. As good as that sounds, several indicators show that the price curve was, in fact, influenced by some in-house players. Could PlusToken, which is accused of a $3.2 billion fraud, be the reason for the bull and bear price actions in the…

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Prosecutors Accuse OneCoin’s Lawyer of $50M Compensation from the Crypto Ponzi Scam; Court Says Guilty!

Prosecutors Accuse OneCoin’s Lawyer of $50M Compensation from the Crypto Ponzi Scam; Court Says Guilty!

Currently under investigation, OneCoin has become one of the most infamous cryptocurrency Ponzi scams. Despite that, OneCoin has denied all allegations of being a Ponzi scheme and is still operational despite the growing number of accusations and arrests of affiliated people. Mark S. Scott is a lawyer and former partner at the law firm Locke Lord who worked closely with the co-founder of OneCoin the “CryptoQueen” Ruja Ignatova. He was accused by a US prosecutor,…

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Achievement? Maksim Zaslavskiy Becomes First-Ever Convicted ICO Fraudster

Achievement? Maksim Zaslavskiy Becomes First-Ever Convicted ICO Fraudster

The once big-time computer programmer Maksim Zaslavskiy, who was known for his prominent role in the crypto industry, was charged for fraud in 2017 and recently convicted for operating an initial coin offering (ICO) scam. This is the very first time anyone is going in for conducting a fraudulent ICO scheme. Of course, he is not the first ICO scammer. As a matter of fact, hundreds of fraudulent ICOs were discovered in the ICO heyday…

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Suspected Swedish Crypto Scammer Handed Over to US Authorities from Thailand

Suspected Swedish Crypto Scammer Handed Over to US Authorities from Thailand

A Sweden citizen has been extradited to the United Stated from Thailand to trial for charges of securities fraud, money laundering and wire fraud that involved digital currencies such as Bitcoin(BTC)trade. Brian A. Benczkowski, assistant attorney general of Criminal Divisions of Justice Department in United States, David L. Anderson, attorney in California based in northern district and Kelly R. Jackson, Special Agent in the Criminal investigation sector of the IRS announced this in a press…

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Crypto Law Firm Silver Miller Acts Against AT&T, T-Mobile & Verizon for Enabling Sim Swapping

Crypto Law Firm Silver Miller Acts Against AT&T, T-Mobile & Verizon for Enabling Sim Swapping

Sim swapping recently resurfaced on the map as one of the easiest means to defraud crypto investors. And while the sim owners could be crucified for negligence, no one has taken the time to question network providers which are supposedly custodians of these sim cards. Thankfully, a legal firm committed to crypto-related cases, Silver Miller, has gathered the courage and enough evidence to dare ask the billion-dollar question – what are network providers’ role in…

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OneCoin Scam Paid $300K to Neil Bush, George H.W. Bush’s Son and George W. Bush’s Brother

OneCoin Scam Paid $300K to Neil Bush, George H.W. Bush’s Son and George W. Bush’s Brother

The vanished head of the OneCoin crypto Ponzi scheme, Ruja Ignatova (also known as the CryptoQueen), has paid $300K to Neil Bush, the son of the late 41st U.S. President George Bush and the brother of the 43rd President George W. Bush, for attending meetings organized by Ignatova’s fraudulent cryptocurrency company. OneCoin is again in the news for all the wrong reasons. It is undergoing a legal investigation in the United States for allegedly laundering…

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CEO of South Korean Crypto Exchange CoinUp Imprisoned for 16 Years for Fraud

CEO of South Korean Crypto Exchange CoinUp Imprisoned for 16 Years for Fraud

“Everyday for the thief, one day for the owner,” they say. Well, that proved true in the case of this South Korean crypto exchange, CoinUp, which the police found to be a fraudulent scheme. According to local South Korean news reports, the crypto exchange was involved in an elaborate scam worth over $380 million. The firm allegedly deceived its investors into committing to a worthless digital coin, in the hope of getting a bigger return….

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OneCoin’s Konstantin Ignatov Confesses to Fraud in the Crypto Ponzi Scheme

OneCoin’s Konstantin Ignatov Confesses to Fraud in the Crypto Ponzi Scheme

The brother Ruja Ignatova, Konstantin Ignatov, has confessed to his involvement in the crypto fraud of OneCoin. He pleaded guilty to multiple charges such as fraud and money laundering. Authorities have concluded that over $4 billion was fraudulently raised internationally in what appears to have been a cryptocurrency Ponzi scheme. The organization behind OneCoin that is based in Bulgaria denies all allegations and remains operational. Ignatov was arrested in March, from the Los Angeles International…

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