United States Securities and Exchange Commission (SEC) charged a cryptocurrency trader for allegedly being involved in a ponzi scheme defrauding more than $5 million from over 170 investors. The accused, Jeremy Spence, who goes by the name “Coin Signals,” was charged in Manhattan Federal Court for “soliciting funds” for various crypto funds that he operated. ...Read More
On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions...Read More
On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions...Read More
On Monday, the blockchain surveillance company Chainalysis published an excerpt from the firm’s upcoming crime report that will publish in January. According to the Chainalysis research, the Ponzi scheme called Plustoken not only defrauded investors out of $3 billion but the scam “may also be driving down the price of bitcoin.” Also read: Mystery Surrounds...Read More
Cryptocurrency traders and investors are constantly looking out for the next big thing. One thing learned from the 2017 pump is that FOMO can spread like wildfire and a crypto asset can surge for practically no reason. HEX is getting a lot of attention at the moment but all may not be what it seems.Cryptocurrency...Read More
Ethereum Blocks Filling Up As covered heavily by this outlet over recent weeks, the Ethereum network has been seeing more activity than ever before. In fact, the network has been used so much that miners of ETH recently opted to increase the capacity of blocks by 25% — allowing for more transactions to take place...Read More
According to new research, the recently alleged crypto asset Ponzi scheme PlusToken may be the largest in history. The study, conducted by Elementus, shows that around $2 billion worth of Ether (ETH) tokens were involved in the scheme.Given that the operation accepted payments in a range of other cryptocurrencies, as well as by the Ethereum...Read More
