Category: scam

scam company
March 22, 2019 BY Valentina Kirilova

AriseBank in a $4.2 million ICO scam - CEO pleads guilty

AriseBank is a cryptocurrency bank that found itself amidst a $4.2 million ICO scam. The former CEO of the institution pleaded guilty to deceiving investors of around $4.2 million. The information comes from the US news agency Dallas News. Jared Rice Sr. is essentially the founder of AriseBank. What the founder admitted in federal court…

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fma warning
March 13, 2019 BY Valentina Kirilova

Canadian regulator BCSC warns against Canada Bitcoin Exchange Inc.

Canadian securities regulator the British Columbia Securities Commission (BCSC) issued a warning against a suspicious entity named Canada Bitcoin Exchange Inc. Canada Bitcoin Exchange Inc. (CBE) is operating via the website http://www.canadabitcoinexchange.net and claims to offer four “Investment Plans”, with returns ranging from 3,586% to 7,985% after 24 to 48 hours. CBE, however, is not…

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Whale concentrations in BTC and Tether raising manipulation concerns
February 07, 2019 BY Mariela Naydenova

Stealing electricity with crypto mining

Crimes related to cryptocurrency mining never stop. Cryptocurrency mining has allowed plenty of criminals to "showcase" their "power" all over the world. The latest arrest, however, comes from Germany. In the city of Klingenthal, Saxony, a group of suspects was arrested by the police, as reported by Cointelegraph auf Deutsch. The suspects have reportedly operated a cryptocurrency…

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bitcoin hacker
January 30, 2019 BY Mariela Naydenova

Cryptocurrency cybercrimes amount to $1.7 billion

2018 was definitely the year of cryptocurrency thefts and cybercrimes. According to a report from CipherTrace, a US cyber security company, the thefts in 2018 increased by the staggering 400%, to the jaw-dropping amount of $1.7 billion. Of the total $1.7 billion, $950 million come from cryptocurrency exchange thefts and wallets. The total amount of…

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Bitcoin
January 25, 2019 BY Valentina Kirilova

MFSA issues warning against Bitcoin Revolution cryptocurrency scam company

The Malta Financial Services Authority (MFSA) has just informed that it has become aware of an entity calling itself Bitcoin Revolution. Bitcoin Revolution is operating via the website https://the-bitcoin-revolution.org/, as well as several other websites. The company links its website to local personalities without their consent, falsely claiming they made profits via Bitcoin Revolution's website.…

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sec building
October 22, 2018 BY LeapRate Staff

SEC halts trading in American Retail Group over false crypto claims

The U.S. Securities and Exchange Commission today suspended trading in the securities of a company amid questions surrounding its statements about partnering with a claimed SEC-qualified custodian for use with cryptocurrency transactions and a purportedly registered public offering of preferred stock. The SEC’s trading suspension order says that two August 2018 press releases issued by Nevada-based American…

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