A scammer that called himself the “coyote of Wall Street” has admitted to telling clients he would invest their money in cryptocurrency only to keep it for himself. Patrick McDonnell, a 46-year-oldRead More…
In their most current mutant form, the Bitcoin Evolution/Bitcoin Revolution scams are using X-Men star Hugh Jackman as bait. According to the fraudsters, the Australian actor who is best known for hisRead More…
Five-time Ballon d’Or winner Cristiano Ronaldo is the latest celebrity whose likeness has played an unfortunate role in promoting a string of evil bitcoin scams. According to British tabloid Daily Mirror, cryptocurrencyRead More…
On Thursday, the U.S. Securities and Exchange Commission (SEC) filed a civil injunctive action against the operator of an alleged pyramid scheme that raised $26 million from investors. The defendant in theRead More…
Hackers, many in their teens, have drained the accounts of more than 50 Californian victims in a $35 million SIM swap heist. Officials estimate that in total, $50 million has been stolenRead More…
The U.S. SEC has secured a court order to stop an alleged diamond-backed Ponzi scheme estimated to be worth around $30 million. The securities regulator outlined how more than 300 investors wereRead More…
United Kingdom’s financial regulator, Financial Conduct Authority and the reporting center for scams and cybercrime, Action Fraud, have issued a warning following a surge in online Bitcoin and forex investment scams. PerRead More…
The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), reports that crypto investors in the country lost over $34 million due to cryptocurrency and forex scams from 2018–2019Read More…
Carlos Matos, who promoted Bitconnect throughout its existence, posted a bizarre video to YouTube today in which he claims that he lost most of the money invested in BitConnect and that itRead More…
A man from the English channel island of Jersey just wanted to buy bitcoin. In actuality, the unfortunate victim gave away an eye-popping $1.6 million in life savings to crypto scammers. TheRead More…