Ponzi
CFTC Nabs 2 Crypto Fraudsters Involving in a $44M Ponzi Scheme
Blockchain
May 25, 2022
CFTC Nabs 2 Crypto Fraudsters Involving in a $44M Ponzi Scheme
Two suspected cryptocurrency fraudsters Sam Ikkurty of Portland, Oregon, and Ravishankar Avadhanam of Illinois have been charged by the United…
BitConnect Founder Charged with Orchestrating Global Crypto Ponzi Scheme Worth $2.4B
Blockchain
March 6, 2022
BitConnect Founder Charged with Orchestrating Global Crypto Ponzi Scheme Worth $2.4B
A U.S. grand jury indicted Satish Kumbhani, the founder of BitConnect, orchestrating a fraud scheme that siphoned approximately $2.4 billion…
Ethereum gas fee tokens poor performers, Ponzi accusations
Ethereum
January 20, 2022
Ethereum gas fee tokens poor performers, Ponzi accusations
Without any sign of gas fees on Ethereum being less of a pain to users, the fees continue to be…
India Seizes $5 Million Worth Assets in $162M Morris Coin Crypto Ponzi Scheme
Bitcoin
January 14, 2022
India Seizes $5 Million Worth Assets in $162M Morris Coin Crypto Ponzi Scheme
The Indian Enforcement Directorate took strict actions against the crimes involving cryptocurrencies; it is a department under the Indian Ministry…
Hackers launch Ponzi BTC scheme through Russia’s Government website
Bitcoin
September 11, 2021
Hackers launch Ponzi BTC scheme through Russia’s Government website
The Russian Government’s website was recently hacked. The scammers launched a fake Bitcoin (BTC) scheme, followed by re-publication despite repetitive…
