Scams

Chinese Ponzi Scheme Defrauds Hundreds of Thousands, Victims Blame Tron and Justin Sun

  • Scammers who previously claimed association with Tron have disappeared with around $30,000,000 worth of investor's money.
  • Defrauded investors are blaming Justin Sun for his lack of dissociation with the scam.

Couple Loses Tens of Thousands in a Bitcoin Investment Scam

  • After initial success, the Yeomans family lost everything in the scam.
  • Crypto scams are getting more and more complex and harder to avoid.

AriseBank CEO Pleads Guilty to $4.2 Million ICO Scam

  • Jared Rice Sr., former CEO of cryptocurrency scam AriseBank, pleaded guilty to one count of securities fraud, news outlet Dallas News reported on March 21.
  • As per the report, Rice specifically entered a guilty plea for one count of securities fraud, incriminating him in lying to AriseBank investors, while it was operating.

Fake MetaMask App Containing Malware Pulled From Google Play Store

  • After the tip-off from the Eset researchers at the beginning of the month, Google removed the app impersonating MetaMask from their store.
  • The malware known as "Clipper" could intercept the content of the clipboard, and if recognised as an address of a cryptocurrency wallet, change the content with an address belonging to the attacker.

Four Men Face Charges Over Crypto Scam in India

  • According to the Times of India, a report has been filed by the police in the city of Chandigarh, northern India, against Hemant Bhope, Pankaj Adlakha, Amit Bhardwaj, and his brother Vivek Bharadwaj.
  • The fraudsters will face a hearing on the 4th of December, during which they will be provided with the charge-sheet and the charges will be finalized and framed.