Japan based Zaif exchange losses 59 million in crypto heist

Hackers were at it again, this time making away with 59 million dollars’ worth of cryptocurrencies from cryptocurrency exchange, Zaif, which is based in Japan.  A local report indicated that the heist was enabled by a security breach that occurred…

An Obituary of Bitconnect

Though crypto-currency has achieved a few milestones over the years, it has also seen a lot of people lose a lot of money after a few scam artists pulled a fast one on them. Such is the case of defunct…

Scandalous Bitconnect Chief Finally Arrested

Divyesh Darji, the man behind the infamous cryptocurrency firm and scam Bitconnect has finally been arrested.  Darji was arrested shortly after he was spotted attempting to leave Dubai. Darji and his associates in the company have come under heavy scrutiny…

Crypto Price Manipulators Have Made 825 million so Far This Year According to The WSJ

Organized trading groups are largely responsible for price manipulation using services such as Telegram according to a wall street journal report from August the 5th. According to research results from the wall street journal, “pump and dump schemes” had succeeded…

Hong Kong Journalist Raises the Alarm on KuCoin

Jackson Wong, an independent Hong Kong-based journalist has raised the alarm on the safety and reliability of KuCoin as a crypto exchange. In a medium post, which he was strongly titled as “WARNING: KuCoin’s Hong Kong office is empty” he…

“Crypto Nomad” Colin Powell Detained over the Bitconnect Scam

After the story of the defunct Bitconnect went public, the authorities have appeared to be following anyone associated with what was a popular crypto platform, Bitconnect. One of the people connected to Bitconnect who was also the entities promoter, Calen…

20 Year Old Charged with Stealing $5 Million worth of Crypto

California authorities have reportedly arrested a student who is suspected of stealing 5 million dollars’ worth of Bitcoin and also a few Altcoins through a scam technique known as “Sim jacking”. Tech news site Motherboard which reported the incident also…

The Biggest Cryptocurrency Scam Ever – BitConnect – Now Almost Disconnected But Cryptoenthusiast Better Beware

So, what is BitConnect? BitConnect is a bitcoin-lending platform using BitConnect Coin (BCC), a cryptocurrency launched in February 2016. Users are able to lend Bitcoin and earn interest via this platform, self-regulated and peer-to-peer. Transactions made on the BitConnect platform…

Scammers are Turning their Focus to Bitcoins and other Cryptocurrencies

Author : Kate Yong There is an indisputable growth in the popularity of Bitcoin especially with its rapidly rising price within the year of 2017 from US$1083.24 in February to US$19,343.04 by December. This rise is alongside many other cryptocurrencies…

The Grand Rig Heist: Icelandic Police Are Searching for Hundreds of Stolen Bitcoin Miners

Icelandic police are investigating what is termed as the biggest thefts ever reported in Iceland. Hundreds of cryptocurrency miners have been reported stolen, leading to a series of arrest in an ongoing Bitcoin Heist investigation. The thieving spree occurred on…