Tag Archives: scam

Indian Police File Charges Against Masterminds of $60 Million Bitcoin Scam

Indian police in the city of Pune have charged Amit Bharadwaj along with three other individuals – Vivek Bharadwaj, Pankaj Adlakha and Hemant Bhope, involved in a multi-level marketing (MLM) crypto scam. It is alleged that Amit who is the central character of the trial collected about Rs 10 crore (about $1.42 million) from unsuspecting investors, under the guise of high-yield cryptocurrency investments. Continue reading Indian Police File Charges Against Masterminds of $60 Million Bitcoin Scam

The ICO gold rush — the future of fundraising for blockchain companies or just another cryptocurrency scam?

ICO meaning?
An ICO (Initial Coin Offering) is a boon for every startup aiming to raise funds. It is similar to an IPO (Initial Public Offering) or crowdfunding in which new projects sell their underlying crypto tokens in exchange for cryptocurrencies. Most ICOs operate on blockchain technology. Continue reading The ICO gold rush — the future of fundraising for blockchain companies or just another cryptocurrency scam?

Scammers Hijack Verified Twitter Account To Steal Crypto By Posing As Telegram CEO

The founder and CEO of Telegram and its TON Initial Coin Offering (ICO) Pavel Durov tweeted a warning on Saturday, Apr 28, telling his followers that the messaging app is experiencing downtime due to its server clusters overheating. Durov’s tweet drew the attention of fake crypto giveaway scammers who have claimed, posing as Telegram’s CEO, to offer crypto to users as a “thank you for [their] support.” Continue reading Scammers Hijack Verified Twitter Account To Steal Crypto By Posing As Telegram CEO

Vietnam Toughens Measures On Crypto Amid Suspicion Of Biggest Scam In Industry History

Vietnamese Prime Minister Nguyen Xuan Phuc has urged government and financial bodies to toughen the “management of activities related to Bitcoin and other cryptocurrencies,” in a government directive issued Friday, April 13, following reports of a major ICO scam in the country this week. Continue reading Vietnam Toughens Measures On Crypto Amid Suspicion Of Biggest Scam In Industry History