There has never been a shortage of cryptocurrency scams, nor will there be in the future. Two companies involved in a recent binary options scam have now been fined by the CFTC.
When looking at crypto trading platforms, it is pertinent to separate the real ones from the fake.
Dozens of legitimate trading platforms exist, and everything else can be ignored for the most part.
Even so, a lot of people tend to get duped by fake trading platforms these days.
Two crypto trading platforms running a scam were recently charged by the CFTC.
The companies were operational for three and five years respectively.
They allegedly provided exposure to traditional crypto trading and binary options.
One firm went by the name of Tal Velariola, whereas the other is called Itary Barak of Digital Platinum Limited.
These firms aided US-based firm All in Publishing to promote investment schemes targeting Americans and international clients.
In the end, nearly $15 million was stolen from over 50,000 people.
Following the indictment by the CFTC, it will be interesting to see if duped individuals get their money back.
It is evident that institutions like the CFTC need to keep cracking down on cryptocurrency scams in a very aggressive manner.
In a troubling indication for the AAVE community, a number of the cryptocurrency's large holders,…
In a recent development that has caught the attention of the cryptocurrency community, #PumpFun, a…
In a strange occurrence, a hacker was able to capture 2,930 ETH (worth about $5.5…
Synthetix's stablecoin, sUSD, has dipped yet again—this time by 4.6%—in just the last 24 hours,…
In just 10 days from launch, PumpSwap—a decentralized exchange (DEX) on the Solana blockchain—reached $10…
Following a slow and steady recovery, MKR saw a little setback last weekend due to…
