Silviu Catalin Balaci confessed that he was one of the operators of the massive crypto Ponzi scheme BitClub Network. The Romanian programmer confirmed that BitClub defrauded its victims of at least $722 million in Bitcoin. He is now facing up to five years in prison and a fine of up Read more…
There has been a sudden movement of funds up to the tune of 26 million in EOS tokens (over $67 million) allegedly linked to PlusToken cryptocurrency Ponzi scheme. On another note, the proclaimed fraudulent crypto wallet and investment company also moved 74.7 Million in XRP token. The CEO of XRPLedger Read more…
New Zealand watchdog, the FMA, issued a warning against another crypto business. The platform in question goes by Profit Bitcoin — an unregistered platform filled with false claims. With NZ Prime Minister photo it claims that its members can become millionaires in only two months. New Zealand’s financial watchdog, the Read more…
Victims of an alleged crypto ponzi scam have filed a class-action lawsuit against a Wells Fargo subsidiary, claiming it ignored the activities of an employee accused of being one of the main perpetrators. The plaintiffs said Wells Fargo Advisors did not inquire into the activities of James Seijas who, while Read more…