Tag: crypto fraud

Cryptocurrency Scandal in Myanmar: Tether’s Connection to a $100 Million Fraud

A company operating from Myanmar stands implicated in a large-scale fraudulent scheme. Authorities tracked ransom payments made in Tether tokens to a facility...

Coscoin Crypto Scam Unveiled: Authorities Investigate Alleged Ponzi Scheme

The DFI received several complaints regarding Coscoin, a well-known crypto app for integrating AI and Web3. In September 2023, Coscoin surpassed 500,000 in...

Global Regulatory Quagmire: Philippines SEC Takes Aim at Binance’s Operations

The Philippines SEC has warned Binance for operating without the necessary approval or license, citing the absence of registration and required authorization to...

Deepfake Scams Exposed: The Crypto Industry’s New Challenge

Sumsub reports that deepfake fraud is up 128% in the crypto industry in 2023. Deepfake scams increase the threat of crypto fraud. Sumsub...

Sam Bankman-Fried trial enters final stages ahead of conclusion

The Sam Bankman-Fried trial reveals the cryptocurrency industry's financial complexities and ethical issues. The prosecution has highlighted deceptive practices and an $8...

Ronaldinho faces possible arrest in Brazil over Cryptocurrency fraud

Ronaldinho may be detained in a Brazilian crypto fraud probe tied to his company, "18kRonaldinho," for promising high crypto returns He missed a...

Blockchain applications eliminating fraud in Africa

Blockchain has endless possibilities, from improving the healthcare industry to redefining the world's financial structure The unchangeable nature of blockchain applications significantly boosts...

The time is ripe to fast-track crypto regulation in Africa

Crypto investors in Africa currently have minimal or no protection in the market, as there are no clear-cut regulations for protecting assets. Most of the trading happening in the crypto space is not regulated, creating a considerable gap. The lack of regulation means investor protection on crypto exchange platforms remains much weaker compared to the securities or futures market.
You have not selected any currencies to display