Mirror Trading International – The Biggest Crypto Scam Of 2020

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…

Belgium Reports Yearly Loss of 10 Million Euros in Crypto Fraud

Belgium Reports Yearly Loss of 10 Million Euros in Crypto Fraud

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…

KuCoin CEO Says It Has Identified the Culprits Behind Hacking US$ 281 Million Of The Exchange

KuCoin CEO Says It Has Identified the Culprits Behind Hacking US$ 281 Million Of The Exchange

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…