Bitcoin Scams Crypto OneCoin 

FBI Nabs OneCoin Ringleader at LAX as Massive Crypto Scam Unravels

On March 6th, the US Federal Bureau of Investigation (FBI) arrested OneCoin ringleader Konstantin Ignatov at Los Angeles International Airport (LAX). The government alleges that he was one of several masterminds behind the multi-billion dollar crypto pyramid scheme. OneCoin has faced fines and criminal actions around the world – particularly in India, where 22 promoters have already been charged. China has also levied charges against promoters of OneCoin, while several central banks have issued warnings. OneCoin claimed to be a revolutionary cryptocurrency. Instead, according to one researcher, it used a…

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bitcoin Bitcoin Scams Crypto Jack Dorsey square U.S. Business News 

Bitcoin Scammers Take Advantage of Already-Dismal Square Earnings

Just when Jack Dorsey’s week was starting to look up, he must contend with yet another cryptocurrency giveaway scam. But while Twitter has long been rife with these fraudulent schemes, this particular bitcoin scam targets his other company – digital payments firm Square. Square Earnings Attract Bitcoin Giveaway Scammers In tandem with Square’s earnings results on Wednesday, scammers began sending emails – purportedly from the company – announcing that they had added support for the stellar (XLM) cryptocurrency. That is false. This bitcoin giveaway scam sought to trick recipients into…

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bitcoin Bitcoin Crime Bitcoin Scams Crypto thailand 

$1.3 Million Bitcoin Scam Swindles Victims in Thailand. Are Tougher Crypto Regulations Necessary?

A virtual bitcoin mining farm in Thailand has allegedly scammed users out of 42 million baht (approximately $1.35 million), according to a report in the Bangkok Post.  30 victims have filed a complaint against the company, CryptoMining.Farm. Although police believe the scam may have hit up to 140 individuals. It comes just months after a group of Thai siblings was accused of defrauding an investor of $24 million in bitcoin. Although Thailand is a booming market for cryptocurrencies, is it time for tougher regulations to crack down on scams and…

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