Definition of a Pyramid Scheme The pyramid schemes deploy fraudulent business models, where the initiatives are earned by persuading new
Category: Criminal Activity
TrueUSD Issuers Settle SEC Charges Levelled on ‘Purported Stablecoin’: Key Details Explained!
TrueCoin LLC and TrustToken Inc. settle SEC charges involving fraudulent and unregistered sales of TrueUSD-linked investment contracts. The US Securities
UK Court Rules Stablecoin Tether Attracts Property Right: Key Details Explained
UK High Court rules stablecoin Tether (USDT) has property status under English law. A full trial in the High Court
Complete Guide on P2P Crypto Scams and How to Ensure Safety
Overview Peer-to-peer (P2P) crypto trading is a popular approach that attracts millions of users to Binance. Recent studies support the
FCA Charges Shop Owner Operating Illegal Crypto ATM
UK police officers executed a search warrant leading to the seizure of illegal crypto ATMs from Chatham electronics shop. The
SEC Sues Two Brothers Allegedly Behind $60 Million Crypto Ponzi Scheme
The SEC filed charges against the Adam brothers, alleging they defrauded investors’ funds committed to a crypto-based lending pool. The
Binance CEO Urges US Intervene Ahead of Executive’s Trial in Nigeria
Binance chief urges the US government intervention and designate Gambaryan “unlawfully detained” overseas. The Binance head, Richard Teng, on Tuesday
Malaysian Authorities Crush Bitcoin Mining Rigs in Crackdown Against Electricity Theft
Malaysian authorities pulverized Bitcoin mining rigs as part of the countrywide crackdown on electricity theft. The authorities crushed nearly 1000
Australia Regulator Warns Crypto Scam Schemes Adapting
Australia regulator ASIC warns crypto scammers adapting and taking down 20 websites daily. Hacks and scams preying on the crypto
Canadian Crypto Exchange Guilty of Misappropriating $9.5M User Funds, Rules Judge
Canadian-based exchange ezBTC is guilty of misappropriating $9.5M in Bitcoin and Ether, causing significant losses and regulatory scrutiny. The defunct