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“# Rapper The Game facing $12M judgment along with execs in ICO case ” Los Angeles-based rapper The Game, also known as Jayceon Taylor, is facing a $12 million judgment for his role in Paragon Coin Inc — a crypto firm alleged to have engaged in an unregistered initial coin offering (ICO) four years ago….
“# Banning cryptocurrencies to counter crime is a nonsensical excuse ” Numerous governments are attempting to ban cryptocurrencies, with recent examples from China, India, Turkey and Nigeria. The reason for doing so is simple: The decentralized nature of cryptocurrencies poses a threat to the legacy financial system, and as the technology itself is still in…
“# Beware of ‘soft rugs’ — a growing menace in decentralized finance ” The decentralized finance ecosystem has been plagued by a variety of known scams and exploits for some time, with yet another coming in the form of what is known as a “soft rug”. Those that have been dabbling in DeFi for some…
“# $3.6B in Bitcoin vanishes in ‘hack’ along with owners of South African crypto platform ” Around 69,000 Bitcoin has vanished from a South African investment platform along with two brothers who owned the crypto firm. Although the facts are yet to be proven in court, if it turns to be an exit scam rather…
“# With US regulators handing out $2.5B in fines since 2014, crypto is not the ‘wild west’ of finance ” According to a report from blockchain analytics firm Elliptic, unregistered securities offerings represent more than half of all crypto fines handed out by U.S. regulators. In Elliptic’s June 21 Sanctions Compliance in Cryptocurrencies report, the…
“# Bank TSB set to bar 5.4M customers from buying crypto ” United Kingdom-based financial institution TSB Banking Group Plc. will soon ban its over 5.4 million customers from buying Bitcoin (BTC) and other cryptocurrencies. According to a report by The Telegraph on Saturday, the bank’s imminent crypto ban is due to alleged cases of…
“#Georgia Boy Scouts scammed by fake Airbnb in Florida” Good thing they’re always prepared. A great deal in Florida turned out to be too good to be true for a couple of Boy Scout troops. Georgia Scout Leader Scott Mulkey booked two homes in the Florida Keys via Airbnb for troops 5506 and 506 from…
“# Scammers mail out fake hardware wallets to victims of Ledger data breach ” The consequences of Ledger’s major data breach continue to be felt almost a year later. One contributor to the r/ledgerwallet forum on Reddit, writing under the tag “u/jjrand” and self-identified as one of those affected by the breach, has posted images of what appears…
“# This unknown cryptocurrency soared by 164,842% in hours, only to crash 99% ” About $7.65 billion entered the cryptocurrency market in just three hours via a widely unknown altcoin on June 14. Dubbed as WebDollar (WEBD), the token’s per-unit price surged from $0.0003711 to $0.6121 between 0900 GMT and 1200 GMT. That marked a…
“# A man and his S.C.A.M.: Solo dev ‘Dreesus’ on making a memecoin legit ” You might not know Dreesus, but if you’ve been following crypto the last few months you’re likely familiar with his work. Following the launch of his Simple Cool Automatic Money ($SCAM) token, the pseudonymous developer garnered coverage from a seemingly…