Category: Scams

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Band Protocol denies any role in the mysterious origins of SushiSwap

Band Protocol may share hosting with SushiSwap, but so do hundreds of others. Following the sudden exit of SushiSwap’s anonymous founder, many users have begun to speculate on the identity of this controversial figure. While some focused on the current maintainer of the project Sam Bankman-Fried, the CEO of FTX, others saw Band Protocol’s chief…
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YouTube pulls the plug on another crypto livestream

The platform has cut off crypto-related videos before Crypto YouTuber Sunny Decree recently saw his livestream cut short by YouTube, with the platform stating the video had violated its ‘harmful and dangerous policy.’ According to a Sept. 5 tweet from Sunny Decree, the video-sharing platform halted his most recent livestream on his English language channel…
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The Care Bears, Roger Ver, and Tesla shenanigans: Bad crypto news of the week

Check out this week’s Bad Crypto podcast. While Bitcoin stays under its $12,000 ceiling, you can take your pick of future price predictions. The Winklevoss Brothers say that the coin will reach $500,000 and maybe even $600,000 if governments start to include it in their currency reserves. The twins didn’t put a date on that…
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Scam warning as Columbia’s President ‘endorses’ Bitcoin Era

Not even the Colombian president is exempt from being impersonated by Bitcoin scammers. The Colombian police have issued a warning about fraudsters promoting a Bitcoin scam website to social media users. The “announcement” about the launch of a fake Bitcoin-related investment system was purportedly “approved” by Ivan Duque, President of Colombia. According to Colombia Check,…
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Australian racing groups probe firm allegedly involved in OneCoin

Phoenix Thoroughbreds may need to wait before racing again. Australian horse racing officials are investigating a group raising thoroughbreds after its alleged involvement with OneCoin. According to news reports, Racing NSW confirmed it is investigating Phoenix Thoroughbreds while a second group, Racing Victoria, is in contact with international officials regarding the company. The allegations against…
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The Great Reset and accredited investors: Bad crypto news of the week

Check out this week’s Bad Crypto podcast. Bitcoin was down a bit this week, stopping just above $11,000. That increase in volatility is only to be expected, say some experts, as we approach the end of some BTC futures and options contracts. Other contributors to increased volatility include Bitcoin’s long period of consolidation and a…
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Ministers used influence to pilfer millions in alleged Ponzi Scheme

They even wrote a self-help book about becoming a millionaire. Sounds like that may need to be updated. A recent filing from the United States Securities and Exchange Commission, or SEC, takes action against three individuals for allegedly raising millions of dollars against more than 1,000 victims.  “From 2017 to May 2019, Jali, Frimpong, and…
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Pulling the rug: DeFi investment hype fuels rise in crypto exit scams

Rogue actors are swarming Uniswap with fake tokens designed to capitalize on the growing DeFi hype to defraud investors. It’s hype season in the crypto space once again, and unsuspecting investors are at risk of suffering losses. Riding on the coattails of decentralized finance tokens that have provided staggering yields, rogue actors are flooding automated…
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I would never invest one cent in Bitcoin, says Ryanair CEO

“Avoid Bitcoin like a plague.” Micheal O’Leary — the CEO of major budget airline Ryanair — has come out very bearish on Bitcoin (BTC). Recently speaking to The Times, O’Leary likened Bitcoin to a Ponzi scheme and advised investors to avoid it: “I have never, and would never, invest one cent in Bitcoin, which I…
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Google Pulls Work from BPO Whose Employees Was Involved in Bitcoin Scam

Don’t use your workplace to scam people. Google pulled outsourced work from a Philippine contact center whose employees were involved in a Bitcoin scam.  According to Newsbytes.PH, Google confirmed the company shifted some work it outsourced to a Sykes Philippines branch in Cebu City to another vendor in the country.  In the Philippines, social media…
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