Scammer Miserably Fails to Steal Bitcoin from ICO Team
Most people are all too aware that scammers have been targeting the ICO industry for quite some time now. It seems some criminals are shifting their attention from potential investors to …
Tag: scam
Statistics Show Nearly 81% of ICOs Eventually Become Scams
Initial coin offerings are often considered to be the holy grail for blockchain projects. This business model allows anyone with an innovative idea to potentially raise millions of dollars. …
Miroskii ICO Shows Scammers Continue to Roam Free
It has become painfully evident that not all initial coin offerings are created equal. While it is only normal that not every single venture will be completely professional, one would …
Elliott Management: Cryptocurrencies Are a Brilliant Scam
The vastly different opinions on Bitcoin and other cryptocurrencies often lead to some interesting discussions. Most financial experts do not take kindly to this new form of money, though. …
Prodeum ICO Defrauds Investors as Website Vanishes
In the world of initial coin offerings, there are plenty of scams to be wary about. No matter how legitimate a project may look, there’s always a real chance …
CFTC Shuts Down Another Cryptocurrency-Related Scam
The CFTC has taken a very keen interest in cryptocurrency-related projects. The agency keeps a close eye on initial coin offerings, but they also target alleged scams. As a …
Did BitConnect Shutdown Merely Redirect Funds?
Shortly after receiving cease-and-desist letters from the State of Texas and North Carolina, BitConnect (BCC) discontinued its lending platform, effectively shutting down the Ponzi scheme and leaving investors with …
Another Transparent ICO Scam Is Created on the Ethereum Blockchain
We have seen quite a few ICO projects designed to make fun of the entire business model. People will gladly throw money at any initial coin offering without doing …
Ponzi Scheme BitConnect Plummets 90%
For naive investors who invested in BitConnect (BCC), today featured an exponentially bigger loss than the general cryptocurrency downtrend. After discontinuing its “lending” program, BCC instantly plummeted over 90% from …