Materials by tag Scam

Dec 11, 2019 at 09:42
Ugandans Lose Over 10 Billion in Cryptocurrency Scam
A large number of Ugandan nationals were left crying helplessly after being promised well-paying jobs at a fake cryptocurrency company which abruptly went into rigor mortis with citizens losing over 10 billion Ugandan Shillings (UGX) (approx. $2,715,100).
Oct 29, 2019 at 09:49
Basketball Player Suspected of $800K Cryptocurrency Scam
Former NBA legend Isaac Edward Austin (IEA) has been accused of being involved in an $800k cryptocurrency rip-off. He is suspected of cheating a firm from Ghana Africa about a million dollars in a latest Bitcoin (BTC) scheme.
Oct 03, 2019 at 13:20
The Anatomy of a Perfect Ponzi scheme: How Karatbars International Scammed People Out of $500MM with a Worthless Coin
Why do Pyramid schemes captivate people time and time again?
They promise a bright future, financial independence, a life free of trouble and problems - all while being part of a revolutionary movement that will change the world as we know it...
Jul 09, 2019 at 14:35
Bitcoin Ponzi Scheme Left African Investors with No Money
Another Ponzi scheme, dubbed Bitcoin Wallet, left investors with nothing, according to the Ladysmith Gazette. The investment scheme was one of the most lucrative projects in South Africa that saw many potential people, investors and companies willingly put their money in it, with the hope of acquiring abnormal returns in the shortest time possible.
Mar 28, 2019 at 16:06
Search Engine Bing Blocked Over 5M Crypto Ads
In its report published on Monday, March 25 dubbed “Ad quality year in review 2018,” the Microsoft-owned advertisement platform and a web search engine – Bing – revealed that it blocked more than 5 million crypto-related ads.
Mar 25, 2019 at 12:54
Age of Scams: ICO Investor’s Plight
Blockchain offered the world a new model for a p2p economy, introducing free global trade without intermediaries and reliable storage of value without the fear of seizure or account freeze by regulators. Along with this new paradigm of money arrived a new paradigm of fundraising. The so-called ICO (initial coin offerings) gave businesses easy and global access to investor money and provided investors themselves with endless opportunities.
Feb 22, 2019 at 09:37
U.S. SEC has Settled Charges Against Unregistered ICO
The U. S. Security and Exchange Commission announced on February 20, 2019, that cryptocurrency startup Gladius Network LLC had formally settled charges of functioning on unregistered securities offerings.
Feb 15, 2019 at 17:32
Monero to Prevent ASIC Mining, Hard Fork Scheduled for March 9
XMR developers, and the whole team at large, are ready and in high gear to fork their network on Saturday, March 9th 2019 in order to lower the effectiveness of ASICs (application-specific integrated circuits). The hard fork might cause a change to the Monero proof-of-work (PoW) algorithm and also lower the hash rate competences of ASIC miners by a significant factor of over 2.5.
Jan 15, 2019 at 10:36
Become Immune to Scam ICOs with 5 Simple Rules
ICOs, or initial coin offerings, have been around for a few years now. However, it was only the last year when they stepped out of shadows and magnetized the attention of mainstream media, regulators, and, most of all, wannabe investors. The examples of astonishingly successful campaigns that managed to raise millions in a few minutes inspired lots of other ‘disruptors’ to run a campaign of their own.
1 2 ... 8