Chainalysis called the Mirror Trading International (MTI) scheme as the largest investment scam of 2020, in a recent review of crypto-related crimes. The scheme was labeled so, after having roped in $588 million worth of Bitcoins across 470,000 transactions. Chainalysis is a data firm that assists government organizations, crypto businesses, and financial establishments engage with…
Action Refund Review Are you victim of an online scam? Don’t worry, you are not alone. Millions of people all over the world have been scammed online, in one way or another. Not all scams have something do with money. Sure, lots of people have lost their money to one type of fraud or another,…
This week, the Financial Services and Market Authority (FSMA) the regulator in Belgium, made a rather troubling discovery. It was reported by the regulator that cryptocurrency fraud had cost the entire country approximately €10 million, which is no small number. According to the financial regulator, this fraud occurred during the period starting from May 2019…
Johnny Lyu, CEO of KuCOin, who got very recently hacked by the unknown said that the exchange has identified the perpetrators. The scammers have looted approximately US$ 281 Million worth of crypto assets lying within the accounts of the exchange. In a tweet message Johnny Lyu, KuCoin’s Chief Executive Officer has informed that the exchange…
According to local Indian news sources, it has been reported that new scam relating to crypto exchange has emerged on the surface wherein many of the investors’ money has been looted by scammers by hacking into the country’s famous cryptocurrency exchange firm. India, which is infamous for housing the huge number of scammers and hackers,…
In the 20th and 21st century, internet has been the key element of the success throughout the world. When first launched, internet was only in the access of corporations and companies which were on the front lines of ground breaking inventions and discoveries but with the passage of time, internet gained commercial success and then…