Infamous Onecoin Ponzi scheme promoter Ruja Ignatova aka “Cryptoqueen” has landed on the Federal Bureau of Investigations (FBI)’s Ten Most Wanted Fugitives list for allegedly defrauding victims out of a whopping $4 billion. The pyramid scheme promoted Onecoin as a blockchain project with a native cryptocurrency that had the potential to unseat Bitcoin and the […]
The US Federal Trade Commission (FTC) recently revealed that over 46,000 people fell victim to numerous cryptocurrency scams since the beginning of 2021, resulting in the loss of over $1 billion to bad actors. This was according to the FTC “Data Spotlight” publication on Friday. According to its website, the FTC is the only federal […]
Several top crypto companies have come together to form a multi-chain reporting platform to combat the growing problem of scams in the crypto industry. Civic, Hedera, Binance.us, Circle, the Aave Companies, TRM Labs, and Solana Foundation released a joint announcement detailing “the launch of a new community-powered scam reporting platform, Chainabuse.” Chainabuse, operated by blockchain […]
The US Federal Trade Commission (FTC) released its “Consumer Protection Data Spotlight” last week, cautioning the public from falling for crypto investment scams perpetrated via social media. FTC program analyst Emma Fletcher recently wrote: “More than 95,000 people reported about $770 million in losses to fraud initiated on social media platforms in 2021, adding that […]
