Ongoing Minting and Dumping: RusGas (RGS) Allegedly Scamming Token Holders

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On Nov. 28th, 2018, MonitorChain detected a potential scam: RusGas (RGS) is minting billions of tokens, diluting the value of investor’s tokens and driving the price down to nearly nothing. RusGas is a project using blockchain to “transform the gas industry.” According to ICO Bench, the company raised $2.2 million during its ICO. On Nov.…

Texas Law Enforcer Who Took Down BitConnect: The Hunt for Crypto Cowboys in the Lone Star State [INTERVIEW]

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In an exclusive interview, CryptoSlate spoke with the Director of Enforcement at the Texas State Securities Board, Joseph Rotunda, who has presided over more than a hundred investigations into suspect crypto offerings since a 2017 state-wide sweep that rocked BitConnect with an emergency cease-and-desist order. Where they came barreling unexpectedly for most, crypto’s more anarchic…

Turkish Police Detain 11 Suspects in Bitcoin Theft Case

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The cybercrime unit of the Turkish police has detained 11 people suspected of hacking into emails, user accounts and cryptocurrency wallets. The operation was launched after law enforcement received a number of complaints from victims who lost digital cash.   Also read: Church Mining Cryptocurrency to Pay Higher Electricity Rates               Hackers Steal $80,000 Worth of…

Google Play Store Hosted App Found Hacking Crypto Login Credentials

Google Play Store Hosted App Found Hacking Crypto Login Credentials

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A video published Thursday by security researcher Lukas Stefanko exposed a malicious app hosted on the Google Play store that distributes malware onto unsuspecting user’s mobile devices. Harvesting Your Passwords The app, called Easy Rates Converter, markets itself as a currency conversion tool. In reality, it infects devices with malware designed to harvest their login…

Crypto Money Laundering Rules to Be In Place by June, Says FATF

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Paris-based global money laundering watchdog organization Financial Action Task Force (FATF) laid out requirements on Friday for jurisdictions across the globe, saying they would have to license or regulate their crypto exchanges. FATF amends its global Standards to address the regulation of virtual assets and prevent their misuse for #moneylaundering and #terroristfinancing ➡️https://t.co/R5R7j484Td pic.twitter.com/mOqeY25aJd —…

Walmart ICO Scam Pushes Press Release to Popular Crypto Media Outlets

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In a systematic ICO scam attempt, individuals claiming to be Walmart press officials have contacted a number of media outlets, including CryptoSlate, announcing the sale of tokens for the retail giant’s supposed Ethereum-based payments network at WalmartLeaf.com. The dubious campaign comes on the heels of Walmart, the largest corporation in the world with an annual…

Banks Launder $2.7 Billion Every Day, Crypto Exchanges $9 Million in Two Years

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Earlier this month, Danske Bank, the biggest bank in Denmark, faced its largest scandal to date for laundering more than $230 billion. Despite the billions of dollars banks launder on a daily basis, critics are still focused on crypto exchanges. On Sept. 28, Erik Voorhees, the CEO of popular cryptocurrency exchange ShapeShift, responded to the…

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

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Scammers are threatening to reveal cheating husbands to their wives and asking for bitcoin ransom – check the details in this edition of The Daily. A porn streaming website now rewards its users with tokens, and hair sprays are sold for BTC and BCH. Also, find out what Brits think about blockchain and learn about…

Bitcoin Investor Sues AT&T For $224 Million in Alleged Crypto Fraud

Bitcoin Investor Sues AT&T For $224 Million in Alleged Crypto Fraud

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While cryptocurrency scams and lawsuits are usually based on “exit-scams” and outright frauds, Michael Terpin, a U.S.-based cryptocurrency investor, has filed a mammoth $224 million lawsuit against his telecom operator, citing the theft of digital tokens. AT&T’s Identity Gamble As reported by Reuters, Aug. 15, Terpin is holding telecommunications giant AT&T liable for gross negligence…