“Ponzi scheme” has become a byword for all manner of financial frauds and monetary scams. When a rapid six month collapse erased $2T (trillion) from crypto market capitalization in 2022, mainstream media outlets were quick to again label cryptocurrencies, including Bitcoin, Ponzi schemes. Writing in the Chinese People’s Daily online …
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[PRESS RELEASE – London, United Kingdom, May 15th, 2024] The presale of Mega Dice Token (DICE), a new GameFi project, passed the $1 million funding milestone earlier today. Mega Dice Token Presale Structure and DICE Tokenomics Mega Dice Token presale allows investors to purchase DICE tokens before their upcoming launch …
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According to a South China Morning Post report, Hong Kong customs officers have apprehended three individuals in connection with a massive HK$1.8 billion ($228 million) money-laundering operation that exploited a crypto platform and bank accounts associated with shell companies. The arrests were made following an investigation into suspicious activities involving …
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A Nebraska man has been indicted with several criminal charges by the New York authorities for allegedly conducting a $3.5 million crypto scheme. The press release revealed that the accused could face up to 30 years in prison if found guilty. Man Accused With Fraud And Money Laundering On Monday, …
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Denver-based internet pastor, Eli Regalado, is at the center of a controversy surrounding an alleged crypto Ponzi scheme involving INDX coin. The self-proclaimed spiritual leader has come under scrutiny as Colorado’s securities regulator investigates his deceptive practices, which reportedly resulted in over $3 million in ill-gotten gains. Fortune magazine report shed …
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Blockchain security firm SlowMist has cautioned about a surge in phishing attacks carried out by impostors posing as journalists on the recently launched decentralized social network friend.tech. It was first flagged on October 14, when Twitter user Masiwei reported a malicious code targeting friend.tech for account theft. As per the …
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Cesar Pina is speaking out after being arrested for wire fraud earlier this month. As The Shade Room previously reported, Pina has been accused of defrauding “dozens of people” out of millions of dollars. Pina’s alleged activities are reportedly connected to fraudulent real estate ventures. Additionally, Pina is a longtime …
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In a recent crypto investigation, the US FBI successfully infiltrated a group of Indian citizens suspected of engaging in illicit activities involving the exchange of cryptocurrency for over $15 million in cash. The alleged transactions took place at various locations in Westchester County, with the group catering to customers seeking …
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The X (Twitter) account owned by American rapper Nelly has been compromised, with the hackers using it to try and lure crypto investors into phishing schemes. This occurs as recent reports indicate a rising trend in crypto hack attacks, with over $700 million stolen in the third quarter of 2023 …
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The Congressional Committee of Brazil noted that Binance was running a pyramid scheme and operating while bypassing the regulators. The case is now for the Brazilian police to look after. A congressional committee in Brazil has made allegations against Binance, asserting the platform’s involvement in a fraudulent pyramid scheme. The …
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Pablo Rodriguez – the co-founder of the cryptocurrency pyramid scheme AirBit Club – was sentenced to 12 years in prison months after pleading guilty to wire fraud conspiracy charges in a US District Court in March. Rodriguez and his co-conspirators were accused of orchestrating a global scam, enticing investors with …
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EXCLUSIVE: Just weeks after laying off dozens in its London HQ, Dune VFX firm DNEG is asking staff to take up to 25% pay cuts or join a loan scheme, as work slows to a standstill due to the strikes. Insiders believe their contracts will be terminated if they don’t …
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