Articles

Highwaymen on the crypto path: Halloween edition

If evil creatures like Freddy Krueger and Jameson Voorhees live only in scary movies, other villains very well may sneak up on you in real life and not only on Halloween. The ones keeping the financial sphere in awe pretend to have good intentions, promising great income, only to vanish with your money, killing your

1 month ago
288
Articles

Five ICO Advisors from Hell

If you are not a complete newbie in a crypto world you know that it can get pretty ugly at times. Thousands of driven inexperienced greedy youngsters are flocked into blockchain startups to get their own share of crypto wealth instead of building the next big thing that will actually change the world. On the

1 month ago
608
News

SEC finally cares: ongoing pre-ICO of Blockvest is halted

The Securities and Exchange Commission (SEC) announced its halting an ongoing pre-Initial Coin Offering (ICO) and planned global ICO campaign previously scheduled for December 2018 of Blockvest LLC, “The First Licensed and Regulated Tokenized Crypto Currency Exchange & Index Fund based in the US.” As it was published in the project’s blog on the 24th of June,

Verified
2 months ago
556
News

Twitter explores the possibilities of blockchain to fight fraud

Head of Twitter and payment start-up Square Jack Dorsey at the hearings in Congress on Wednesday said his company is exploring the possibilities of using blockchain technology to fight fraudsters. The head of Twitter noted that blockchain is great for establishing trusted relationships in the digital world. This is especially important in the light of

Verified
3 months ago
153
News

An anti-scam Chrome extension is launched

The Sentinel Uppward browser extension is available in Chrome, Forbes reports, and it is able to investigate all visited websites marked to warn the user if they seem suspicious and unsafe. It can also verify social media channels, wallets, allowing user to check if any link is potentially dangerous. The Sentinel portal will record all

Verified
4 months ago
143
News

Head of BitConnect India arrested

The head of BitConnect India, Divyesh Darji, was recently arrested in India after arriving from Dubai, UAE – to be charged with investment fraud. The BitConnect platform was closed in January of this year. With the previous value of $ 509 in December 2017, the cost of BitConnect decreased to $ 7. Based on preliminary

Verified
4 months ago
225
News

Thai police suspect Russian emigrants in a $ 22 million crypto fraud

37 y.o. Alexey Chikalov from St. Petersburg, who is currently living in Phuket, is accused by the Thai police of fraud on the SiamOption, a “fairly large criminal network”. As a result of alleged fraudulent activities, 1,400,000 people who invested more than 730 million baht ($ 22 million) were deceived. On Wednesday, August 15, national

Verified
4 months ago
226
News

A “treasure-backed” company Shinil Group is suspected of fraud

In the headquaters of the South Korean firm called Shinil Group, which had launched an ICO with “tokens, secured by treasures from the sunken ship,” police search took place. The authorities accuse Shinil Group of being a fraud. On July 15, the company published photographs of the cruiser allegedly found on the bottom of the

Verified
4 months ago
153
News

CEO BitFunder has pleaded guilty to fraud and giving false testimony

John Montroll, the founder of bitcoin-exchange BitFunder, which ceased to exist in 2013, pleaded guilty to fraud with securities and giving false evidence to the investigation. The information was confirmed by John’s lawyer Jeffrey Berman. According to investigators, in July 2013 John Montroll, with the help of BitFunder, as well as partner’s crypto exchange sites

Verified
5 months ago
134
News

Investigation: bitcoin-fraud of politicians in India

The Indian National Congress (INC), the opposition party, has claimed Bharatiya Janata Party (BJP), the ruling party, involved in laundering “black money” or bitcoins. The Congress demands to hold an investigation in BJP illegal actions under the Supreme Court of India. Crime Investigation Department said that the fraud is estimated about 723 million US dollars.

Verified
5 months ago
126
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Articles

Most notable hacks

According to the Crypto Aware investigation, 2018 has become the year of the greatest earnings and losses. If last year amounted to a total loss of $2,679,045,200 USD, this ongoing 2018 has already suffered about $1,659,580,000 USD! Crypto Aware provides numerical indicators with a remark that all USD estimated value is based on the average

6 months ago
245