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Cryptocurrency Related Scams Flood Tribunals in Spain

Spain has not been a stranger to the popularity of cryptocurrencies, and with this popularity, also comes the attention of people and organizations wanting to capitalize on the subject. Spanish tribunals have been flooded lately with lawsuits involving cryptocurrency scams related to bitcoin and ethereum based platforms, and the people using these to scam other users for millions of euros. Cryptocurrency-Related Scams Flood Tribunals in Spain Tribunals from Spain are now being flooded with cryptocurrency scam-related cases, that are affecting thousands of citizens, according to local reports. With the recent price increase of cryptocurrencies, scammers are always looking to do…

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John Lennon’s Son Defends Bitcoin- Musician Highlights Carbon Footprint Tied to Consumerism

Over the course of the last week, the concern tied to the environmental impact bitcoin mining produces continues to be a very topical discussion. On May 14, the musician and activist, Sean Ono Lennon, the son of John Lennon and Yoko Ono, said that he’s more concerned with consumerism than those complaining about bitcoin’s use of electricity. Sean Ono Lennon Pokes Fun at Wasteful Consumers Complaining About Bitcoin’s Electricity Use Sean Ono Lennon, the son of the Beatles’ John Lennon, is a fan of the leading digital currency bitcoin (BTC). Back in November 2020, Lennon discussed the subject on the…

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Lawsuit Claims Onecoin’s ‘Cryptoqueen’ Ruja Ignatova Holds 230,000 Bitcoin

One of the ringleaders of the largest crypto Ponzi schemes, Onecoin’s Ruja Ignatova, otherwise known as the “Cryptoqueen,” allegedly owns 230,000 bitcoin worth over $11 billion today. Court documents filed by victims of the Onecoin scheme indicate that she received the bitcoins from a member of an Emirati royal family in Dubai. Onecoin’s Cryptoqueen May Have $11 Billion in Bitcoin Onecoin’s Ruja Ignatova is a mysterious woman who has been on the run for over three years now. Ignatova founded Onecoin in concert with Sebastian Greenwood and her brother, Konstantin Ignatov. The Onecoin Ponzi was a multi-level-marketing (MLM) venture that…

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D.AI.SY – Bájos női névvel terjed egy kriptoátverés

D.AI.SY – Ezzel a névvel terjed egy újabb kriptoátverés, amelyhez már van magyar nyelven is elérhető, mindenféle szépet és jót ígérő videó. De mit is tud ez a magát decentralizált mesterséges intelligencia rendszernek tituláló projekt, amely világgyorsan lecsap a gyanútlanok pénztárcájára? Mi is a D.AI.SY AI? A D.AI.SY AI a Decentralized AI System rövidítése (magyarul decentralizált mesterséges intelligencia rendszernek fordítható). A pénzügyi technológiák közösségi finanszírozási platformjaként mutatják be. A hivatalos videója szerint a Daisy Crowd Fund csomag megvásárlásával a befektetők a Daisy AI fejlesztésére szolgáló részvénytőke-alapot segítik. A projektet fejlesztő Endotech fintech vállalat, amely a részvényeit és a kereskedési eredményekből…

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Powers On… Why Bernie Madoff should be a powerful lesson to stock and crypto memecoin investors

I should know, I helped chase down $1 billion of his fraudulently-obtained cash. Powers On... is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an Adjunct Professor at Florida International University School of Law, where he teaches a course on 'Blockchain, Crypto and Regulatory Considerations.' I was downstairs at a bar on the Upper East Side of Manhattan that Thursday evening, December 11, 2008, playing a friendly game of Texas Hold ‘em when the calls…

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180 fokos fordulat: a Fekete Hattyú írója szerint a bitcoin egy piramisjáték

Nassim Taleb szerint a bitcoinnak semmi kapcsolata nincs az inflációval és úgy általában a gazdasággal, azt javasolja mindenki maradjon távol tőle.  Taleb érvelése nem is lenne annyira érdekes, ha amúgy pár évvel ezelőtt még nem hitt volna a bitcoinban. Korábban még úgy beszélt a bitcoinról, mint egy nagyon ígéretek új pénz, ami nem függ egyetlen ország kormányától sem. Taleb bitcoinhoz való hozzáállása azonban megváltozott, eladta az összes érméjét és mostanában inkább a kriptopénzek ellen beszél. A bitcoin egy piramisjáték? A libanoni-amerikai statisztikus, opciós kereskedő és kockázat elemző, Nassim Nicholas Taleb most a CNBC csatornának nyilatkozott, írta még pénteken a Bitcoin.com.…

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Dave Portnoy meets Pomp: ‘Bitcoin is just one big Ponzi scheme’

Famous day trader Dave Portnoy says he misses crypto in a candid interview with Anthony Pompliano. Popular day trader and founder of Barstool Sports Dave Portnoy revealed that he bought $1.25 million worth of Bitcoin even though he thinks its “just one big Ponzi scheme” in an interview with crypto podcaster Anthony Pompliano. Portnoy summed up his view of crypto trading as: “You get in, and you just have to not be the one left holding the bag.” The sport and pop culture celebrity, whose day trading exploits have become hugely popular during the coronavirus pandemic, only recently delved into…

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Ethereum’s Top Gas Consumers Turn Out To Be Ponzi Schemes

Ethereum’s top gas consumers are turning out to be Ponzi schemes that are competing with Defi applications for bandwidth on the ETH network. They make decentralized applications unusable because of the high fees as we are reading more in the latest ethereum news today. Two Ponzi schemes on ETH, Contribute and Forsage is gathering 13% of the network’s total gas. Uniswap is the main gas consumer on ETH while tether takes the second spot. Higher fees and long confirmation times impede the growth in the DeFi sector. It now seems that Ethereum’s top gas consumers are Ponzi schemes which are…

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Philippines SEC warns of ‘cloud mining’ Ponzi related to Bitcoin Vault

The Philippines SEC has identified ‘Mining City’ as a Ponzi scheme and warned promoters of the scam that they could face up to 21 years imprisonment. The Philippines SEC has released an official warning about Bitcoin (BTC) “cloud mining” company Mining City, advising the public to steer clear of the scheme and others like it. Despite the official condemnation, the price of a related cryptocurrency is on the rise. The warning describes the company as an unlicensed entity in the country and said it was not functioning “in accordance with guidelines for virtual currency exchanges,” stating: “The aforementioned scheme used…

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6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China

Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid schemes.” The Plustoken scam was a large heist that managed to gather a large number of crypto assets during the scheme’s short tenure. Essentially Plustoken was a pyramid scheme that pretended to offer high-yield returns after people deposited funds into the system. The system promised rewards in its native token eponymous token (PLUS) and managed to…

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BitConnect Promoter Got Banned From Providing Financial Services

BitConnect promoter from Australia John Bigatton, has been banned from providing financial services in Australia for seven years due to his involvement with the Bitconnect Ponzi scheme as we reported in our crypto news previously. The Australian Securities and Investment Commission banned John Luis Anthony Bigatton, former Australian National Representative and BitConnect promoter, due to his involvement in the multi-billion dollar crypto Ponzi Scheme, as he can no longer provide financial services. ASIC asserted that the New South Whales resident provided unlicensed financial product advice and also engaged in misleading conduct while working for BitConnect since 2017. The regulator found…

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400 millió dollárt koboz el az amerikai hatóság a OneCoin pénzmosójától

A OneCoin történetének sosem lesz vége. Itt az újabb hír a 4 milliárd dollárt összekalapoló gigászi méretű kriptoátveréssel összefüggésben. Az amerikai igazságügyi minisztérium 400 millió dollárt akar elkobozni Mark Scott jogásztól, akit a Ponzi-séma egyik pénzmosójának tartanak. A Coindesk értesülései szerint a már őrizetben lévő Scottal kapcsolatban a New York-i déli körzeti jogász arra kérte az amerikai kerületi bíróságot, hogy ítélethirdetéskor a vagyonelkobzást is jelöljék meg. Mark Scott 2015 és 2018 között összesen 392,94 millió dollárnyi pénzt mosott tisztára a OneCoin megbízásából, az igazságügyi minisztérium most ezt szeretné elvenni az amerikai jogásztól. A  hatóságok egyébként a férfi tulajdonában lévő több…

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Top Australian BitConnect promoter banned by ASIC for 7 years

John Bigatton has been barred from providing financial services in Australia for seven years for his involvement with the BitConnect Ponzi scheme. The Australian Securities and Investments Commission (ASIC) has banned John Louis Anthony Bigatton, the former ‘Australian National Representative’ of the multi-billion-dollar crypto Ponzi scheme BitConnect, from providing financial services for seven years. ASIC asserts that the New South Wales resident provided unlicensed financial product advice and engaged in misleading and deceptive conduct while working for BitConnect from August 2017 through January 2018. While an investigation is still ongoing, the regulator has found that: “Mr. Bigatton is not a…

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US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer

Prosecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi scheme Onecoin launder funds. The U.S. Department of Justice (DoJ) claims that Scott helped launder $400 million and the entity hopes to seize his current assets. On August 31, attorneys from the SDNY court and members of the DoJ submitted a new court filing in the case called “United States v. Mark S. Scott.” The case involves Mark Scott’s involvement with Onecoin and Ruja Ignatova (the cryptoqueen), as the DoJ…

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Egy ausztrál lovaspóló cég is nyakig benne lehet a OneCoin ügyben

A dubaji üzletember, Amer Abdulaziz Salman lovaspóló vállalata, a Phoenix Thoroughbreds neve is felmerült a OneCoin kriptoátverés kapcsán. Úgy néz ki, várnia kell még a lóversennyel az ausztrál vállalkozásnak.  Ausztrál tisztviselők vizsgálatot indítottak a Phoenix Thoroughbreds nevű lovaslsportokkal foglalkozó társaság ellen, mivel annak a gyanúja merült fel, hogy a cég tulajdonosa, a Dubajból származó lókedvelő Amer Abdulaziz Salman szoros kapcsolatban állhat a történelem egyik legnagyobb csalását kiötlő OneCoin alapítóival. Egyes tanúvallomások szerint 161 millió dollárt lopott el a vállalat tulajdonosa. A Phoenix Thoroughbreds szóvivője ugyanakkor azt nyilatkozta The Sydney Morning Herald-nek, hogy a cég alapítója és vezetője nem tett semmi…

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U.S. Regulators Crack Down on Yet Another Crypto Ponzi Scheme

Crypto-based Ponzi schemes are one of the most prominent blemishes on the industry’s name. However, regulators in the United States have ramped up their crackdown of these criminal organizations. In the latest development, the United States Justice Department (DOJ) announced that it had arrested the operators behind a multimillion-dollar Ponzi scheme. Scammers Lived The Classic Criminals’ Life Per a press release from earlier today, the DoJ claimed that it had closed down Airbit Club, a crypto Ponzi scheme that defrauded tens of millions from customers across several years. After an investigation from the Department of Homeland Security, four of the company’s…

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AirBit Club Ponzi Operators Charged With Fraud and Money Laundering

Proceeds were spent on luxury cars, jewelry and real estate, rather than cryptocurrency mining and trading, surprise-surprise. The operators of a global cryptocurrency-based Ponzi scheme have been charged with fraud and money laundering following a United States Homeland Security Investigations probe.According to an announcement from the U.S. Department of Justice, four of the five alleged operators of AirBit Club, which allegedly netted tens of millions of dollars from victims, were arrested and due to appear in court on Aug. 18, while the fifth was arrested in Panama and is awaiting extradition to the U.S.The scheme was launched in late 2015 and…

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Andreas Antonopoulos: Hex Team Offered Me 10 BTC to Speak Well of Their Token

Andreas Antonopoulos says he was offered 10 BTC for an interview with the objective to show that Hex is not a scam. The alleged offer comes as Hex proponents battle persistent Ponzi allegations. Antonopolous, an influential cryptocurrency advocate, also reveals the offer was on condition he does not disclose this inducement. Hex is an ERC20 token launched on the Ethereum network in December 2019 and it is intended to be a store of value. It is also designed to leverage off the emerging defi ecosystem in cryptocurrencies within the Ethereum network. Instead of playing along, Antonopolous decided to expose the…

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A Blockstream vezérigazgatója nekiment az altcoinoknak

Adam Back bitcoin szakértő, számítógépes tudós és nem utoló sorban a Blockstream vezérigazgatója nekiment a nagy piaci kapitalizációval rendelkező altcoinoknak a Twitteren. A bitcoinos veterán szerint az ethereum és a ripple olyan, mint a Ponzi-sémák. „Bitconnect, Charles Ponzi, Ethereum, Onecoin, Cardano, Ripple, Bernie Madoff, Stellar, Dan Larmer. Ez mind elég hasonló kategóriának tűnik számomra”, írta Back a közösségi média platformon. A Blockstream feje az elhíresült piramisjáték feltalálók Charles Ponzi és Bernie Madoff mellett olyan kriptovaluta projekteket is felsorolt, melyek mögött piramisjáték lapult. Elég csak a Bitconnect-re, illetve a Onecoin-ra gondolni, ezek voltak ugyanis a kriptotörténelem eddigi legnagyobb átverései. Mindkét csalás…

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