crypto scam

Bank of Namibia Warns Crypto Traders It ‘Will Not Entertain Complaints’ if They Get Scammed

<div class=”featured_image_container”> </div> <strong>The Bank of Namibia (BON) has warned individuals investing in cryptocurrencies that it will not entertain their complaints should they get scammed. The institution argues that since its mandate does not currently cover digital currencies, it lacks the “legal power” to follow up on such complaints. </strong> Growing Namibian Interest in Crypto …

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Fraudsters Impersonate a US Federal Agency by Sending Emails Asking for Bitcoin Wallet Keys

<div class=”featured_image_container”> </div> <strong>U.S. consumers have been receiving fake emails that attempt to impersonate a federal regulatory agency which has raised alarms among crypto community members. The U.S. Office of the Comptroller of the Currency (OCC) warned that such bogus messages ask people for their bitcoin wallet keys.</strong> Fictitious Message Contains Several Grammar Mistakes and …

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Argentinean Police Detain Two People Connected to Alleged Crypto Scam Intense Live

<div class=”featured_image_container”> </div> <strong>As cryptocurrencies become a trending topic across Argentina, local authorities hunt virtual currencies scammers amid the coronavirus-driven crisis and high inflation levels. The Argentine Federal Police detained two members of an alleged pyramid scheme operating in a northern province.</strong> Investigations Initiated After Two Complaints Filed With the Authorities According to Valle Calchaquí, …

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Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day

<div class=”featured_image_container”> </div> <strong>A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day.”</strong> Scam Allegedly Ran From 2016 to …

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US Authorities Seek Court Order to Shut Down Crypto Trading Platform Allegedly Duping Thousands of Investors

<div class=”featured_image_container”> </div> <strong>New York Attorney General Letitia James is seeking a court order to immediately shut down the operations of cryptocurrency exchange Coinseed. The attorney general previously filed a lawsuit against the crypto exchange but the platform allegedly continued to operate and dupe investors.</strong> US Authorities Take Urgent Action Against Coinseed The Office of …

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FBI Puts Warning Signs on Bitcoin ATMs in This US County Following a Scam

<div class=”featured_image_container”> </div> <strong>The Federal Bureau of Investigation (FBI) is putting up warning signs on bitcoin ATMs in Cuyahoga County of the U.S. state of Ohio to warn residents not to fall for scams asking victims to send money to scammers via bitcoin ATMs.</strong> FBI Putting Warning Signs on Bitcoin ATMs The Cuyahoga County Scam …

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Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds

<div class=”featured_image_container”> </div> <strong>A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2 billion of customer funds with him. The police have an arrest warrant for the CEO and 62 people have already been detained in connection with the case.</strong> …

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Court Summons Mirror Trading International Executives Over BTC Global Scam Allegations

<div class=”featured_image_container”> </div> <strong>Two executives of Mirror Trading International (MTI) have been summoned by a high court in connection with another cryptocurrency investment scam called <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener”>BTC</a> Global. The court summons followed a civil lawsuit filed by 18 plaintiffs demanding compensation from them.</strong> Two MTI Executives Linked to BTC Global Scam A …

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Investors File Class Action Lawsuit Before the National Court of Spain Over an Alleged $298M Crypto Scam

<div class=”featured_image_container”> </div> <strong>A group of Spaniards filed the first crypto-related class-action lawsuit before the National Court of Spain on an alleged million-dollar scam. The lawsuit targets an individual accused of allegedly scammed over 300 small crypto investors across Spain.</strong> Money Stolen Could Amount Up to $3.58 Billion Per El País, the class-action lawsuit claims …

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South African Regulator Zeroes in on Scams and Unregulated Firms in Its Second Crypto ‘Health Warning’

<div class=”featured_image_container”> </div> <strong>South African regulator the Financial Sector Conduct Authority recently issued its second crypto “health warning” after it noticed increased reports of crypto-related losses suffered “in the past three months.” In the warning, the regulator reminds investors that since cryptocurrencies are “not regulated by the authority or any other body,” there will be …

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