marketcrash
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fraud
08/28/2020
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By Franz Walker
South Korea’s third-largest cryptocurrency exchange seized due to allegations of extreme fraud
South Korean police have seized Coinbit, one of the country’s largest cryptocurrency exchanges, following allegations that it was involved in fraud and wash trading. According to a report by the Seoul Shinmum, the Seoul Metropolitan Investigation Department searched and seized several of the company’s premises, including its headquarters in Seoul’s Gangnam district. This came following reports […]
12/10/2019
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By Mike Adams
CRYPTO WARNING: FBI arrests three men accused of running a $722 million cryptocurrency fraud scheme that allegedly defrauded thousands of “investors”
For several years, I’ve repeatedly warned people to steer clear of crypto schemes. The crypto space seems to attract some of the most unscrupulous promoters, and people who are looking for quick gains often get suckered into costly arrangements that may not be legit. Now, an FBI investigation has led to the DOJ arrest and […]
02/10/2019
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By Ethan Huff
Indy media starting to admit Adams was right: Crypto industry “riddled with con artists, scammers and fraud”
A Canadian cryptocurrency exchange is reportedly filing for bankruptcy following the highly questionable “death” of its CEO and corresponding “loss” of nearly $200 million worth of customers’ crypto assets, once again raising the question: Is there anything legitimate going on in the crypto world that isn’t a total scam? QuadrigaCX, which had been Canada’s largest […]
07/12/2018
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By Ethan Huff
Indian government officials nabbed in massive bitcoin money laundering scheme
A senior official from the Indian National Congress (INC), one of India’s opposition parties, is demanding an investigative probe into what he’s calling a “mega bitcoin scam” involving leaders of the country’s majority Bharatiya Janata Party (BJP). Shaktisinh Gohil says that BJP officials have been complicit in a “multi-layered” scam that involved laundering large amounts […]
06/22/2018
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By Vicki Batts
John McAfee seems disappointed that he can’t keep scamming people by collecting huge fees to hype ICOs that are almost all DOOMED to fail
Cryptocurrencies are all the rage right now, but the SEC’s new charge to crackdown on ICOs has left the infamous John McAfee running for the hills. McAfee, who hasn’t been associated with his eponymous company since 1994, has garnered something of a reputation as a shill for cryptocurrency ICOs — but it seems the scam […]
05/31/2018
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By Ethan Huff
Bitcoin markets are RIGGED: DOJ investigating widespread fraud and cheating across the crypto space
The Feds have launched a massive criminal probe into cryptocurrency futures, which many believe are being rigged by bad apples with the savvy to manipulate prices in their favor. The Department of Justice (DoJ) is attempting to gain insight into illegal practices taking place in crypto markets and how to curb them. Whether it’s “spoofing” […]
05/28/2018
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By Ethan Huff
DOJ launches massive criminal probe into Bitcoin price manipulation and fraud
Are certain malicious entities committing mass fraud in order to manipulate the price of Bitcoin and other cryptocurrencies? That’s what the United States Department of Justice (DoJ) is currently looking into as part of a new criminal probe into crypto crimes. The investigation comes on the heels of complaints by crypto critics that crypto markets […]
02/05/2018
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By Ethan Huff
Before it collapsed, BitConnect hucksters thought they were the masters of the universe… hilarious video shows the insanity
Carlos Matos, the shameless scammer behind the infamous BitConnect Ponzi scheme, has become one of the internet’s latest and most hilarious “memes.” That’s because just months prior to the cryptocurrency exchange’s demise, Matos was seen on stage at a New York event screaming and wailing about how great BitConnect supposedly was, which has since earned […]
01/30/2018
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By Ethan Huff
Critical analysis reveals that cryptocurrency ICO “white papers” are mostly complete crap written by clueless noobs who all thought they were the next Steve Jobs
The year 2017 was a big year for cryptocurrency – not only for crypto-king Bitcoin, but also for the hundreds (or even thousands) of new initial coin offerings, or ICOs, that popped up, promising big returns for little investment. But a new analysis by accounting giant Ernst and Young reveals that a shocking number of […]
10/10/2017
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By Ethan Huff
Bitcoin Ponzi scheme sued by the U.S. federal government after investors bilked of over $600K
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against a New York-based company that it says was running an elaborate Ponzi scheme using the popular cryptocurrency Bitcoin as its primary asset. Reports indicate that Gelfman Bluepring, INC had fraudulently solicited over $600,000 from roughly 80 unsuspecting investors who were bilked into believing […]
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