CFTC Says Bitcoin Trader Who Lost $1.1M Will Serve 15 Months in Jail

The Commodity Futures Trading Commission (CFTC) revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1.1 million for Bitcoin fraud. Employer Tipped Off Authorities According to sources including US regulator the Commodity Futures Trading Commission (CFTC) and a social media commentator citing “people close” to the matter, Joseph Kim […]

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South African Crypto Scam Update: A Bashful Bitcoin Fraudster and More than $80m Missing

Nikita Blows · May 29, 2018 · 4:00 am It’s been nearly three months since news broke of a multi-million-dollar cryptocurrency scam in South Africa. Let’s take a look at some of the latest developments. In March of this year, we reported on a massive Ponzi scheme in South Africa which affected nearly 28,000 crypto investors. […]

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Plagiarism, Identity Theft, and False Promises All Too Common in Cryptocurrency Market

Adam James · May 19, 2018 · 8:00 am A Wall Street Journal analysis of 1,450 cryptocurrency offerings has unveiled unchecked plagiarism, rampant identity theft, and false promises of impossible financial gains.  ‘Lies, Damn Lies, and Statistics’ Though it might not come as much of a surprise to those more intimately familiar with the cryptocurrency […]

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SEC Getting Ready for a Massive Crypto Fraud Battle

Nikita Blows · April 12, 2018 · 9:30 pm The Securities and Exchange Commission (SEC) has come out guns blazing in the fight to combat ICO fraud and protect small investors. As we know, cryptocurrencies stole the headlines in 2017, with Bitcoin’s biggest milestones, such as reaching an all-time high value of $20k, a definite topic […]

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