Bitconnect fraud: Indian Police to investigate stolen 2,000 bitcoin

BitConnect fraud

Indian security authorities have launched a powerful investigation into the circumstances surrounding 2,0000BTC, which has been described as “BitConnect fraud” involving a bitconnect investor and the promoters of the now rested bitcoin investment platform. India’s Crime Investigation Department (CID) confirmed that the bitconnect investor Shailesh Bhatt allegedly defrauded BCC promoters as a way of paying them … Read moreBitconnect fraud: Indian Police to investigate stolen 2,000 bitcoin

Fraud on Australians rose to $340 million in 2017-ACCC

Fraud on Australians

Fraud on Australians rose to 340 million Australian Dollars in 2017, latest scam activity report by the Australian Competition and Consumer Commission (ACCC) has said. That’s the highest compared to any other year since it began reporting “scam activity. Today’s report is the agency’s ninth in the series, where more than 200,000 scam reports were … Read moreFraud on Australians rose to $340 million in 2017-ACCC

Fake ICO promoters arrested in China for alleged $47 Million fraud

cryptocurrency-fraud-Puer-Coin

Promoters of Pu’er Coin have been arrested by the Chinese law enforcement agency for cryptocurrency fraud, where they’ve raised millions of US Dollars from the market. They have been accused of defrauding 3,000 Chinese investors amounting to $47 million by selling Pu’er Coin, which they claimed was backed by a commodity, Guangdong Daily reports. The six suspects formed … Read moreFake ICO promoters arrested in China for alleged $47 Million fraud

Is Bitstrades (BSS) lending platform a scam? A bitcoin ponzi similar to BitConnect

Last updated on January 29th, 2018 at 04:19 pmBitstrades.com  (BSS) claims to be an open source platform for bitcoin investment, exchange, and btc trade, but there are signals you need to watch out for before jumping unto BSS lending platform. This bitstrades review is meant to guide you on how to make an informed decision … Read moreIs Bitstrades (BSS) lending platform a scam? A bitcoin ponzi similar to BitConnect

Cryptocurrency Security Laws: CFTC puts SEC on HIGH ALERT

Exchange traded fund

Two United States’ financial authorities, Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), have issued strong warnings to cryptocurrency firms amid hacking and fraudulent activities. SEC boss chief Jay Clayton and head of CFTC Christopher Giancarlo expressed their worries and disapproval over the manner in which cryptocurrency trading firms flout regulations and … Read moreCryptocurrency Security Laws: CFTC puts SEC on HIGH ALERT

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