online resources

Instagram Influencer Charged for Allegedly Stealing Millions of Dollars in Bitcoin From Followers

A popular Instagram personality has been charged in the U.S., accused of stealing bitcoins worth millions of dollars from his followers. He allegedly convinced the “victims to sell him their bitcoin at attractive, but inflated, values” but he never wired them the money for the coins sent to him. Instagram Influencer’s Bitcoin Scam The U.S. Department of Justice (DOJ) announced Wednesday that a popular Instagram personality known as “Jay Mazini” has been charged with wire fraud related to a bitcoin scam. The Justice Department wrote: A complaint was filed in federal court in Brooklyn yesterday charging Jegara Igbara, also known…

Continue Reading Instagram Influencer Charged for Allegedly Stealing Millions of Dollars in Bitcoin From Followers

Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T

A California judge has dismissed the $200 million in damages claim against the telecom giant AT&T for alleged negligence and fraud. The judge still ruled the telecom company had to answer the lawsuit by Michael Terpin for enabling the theft of $24 million worth of his cryptocurrency after a company agent gave his sim card to hackers. Terpin filed the lawsuit in 2019. According to a report, Terpin accused the telecoms giant of “allowing hackers to swap his SIM card, in what appears to be an elaborate scheme by fraudsters.” Terpin, a crypto entrepreneur, also claims that AT&T’s lax security…

Continue Reading Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T

South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex

A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC) and foreign currency investment pool. In a press statement, the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) said it jointly charged Jali and two accomplices for orchestrating the “Ponzi scheme”. Arley Ray Johnson and John Frimpong, both of Maryland, fraudently solicited money from investors, who contributed $28 million to three companies…

Continue Reading South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex

Twitter Sheds Light On Recent Platform Hack: Report

The social media giant Twitter sheds light on the recent hack that got many high-profile accounts entangled in a fake bitcoin giveaway scam so let’s find out more in the latest cryptocurrency news. Twitter accounts that belonged to some prominent individuals and celebrities such as Barack Obama, Jeff Bezos, Elon Musk, and many more, were hacked by hackers that gained access to internal content moderation tools. The scam was posted requesting BTC in order to give back double the amount. The news went global in an instant and the uninformed detractors of crypto blamed Bitcoin again but the markets didn’t…

Continue Reading Twitter Sheds Light On Recent Platform Hack: Report

End of content

No more pages to load