Around 69,000 Bitcoin has vanished from a South African investment platform, Africrypt, along with two brothers who owned the crypto firm. Africrypt Founders Took $3.6 Billion A new Bitcoin scam involving the disappearance of $3.6 billion has surfaced in South Africa, just as investors are having a difficult time managing the Bitcoin volatility. Two brothers, […]

The owners of the South African crypto company AfriCrypt have reportedly vanished and took off with 69,000 BTC. Largest Exit Scam ever? In April 2021, the two brothers who co-own the investment firm AfriCrypt, turned to their users, stating that the platform has been hacked, leading to a damage of 69,000 BTC, which were worth […]

The post Owners Of South African Investment Platform Vanish, Alongside 3.6 Billion USD Worth Of Bitcoin appeared first on CryptoCoin.News.

Billions worth of Bitcoin has reportedly vanished along with the operators of South African crypto firm AfriCrypt. Is it a scam or a hack?

Although ICOs have been mostly replaced by IEOs and other fundraising methods over the past few years, there are still many projects that raise money in this way. Due to the high level of interest among investors and the lack of solid regulation, ICOs serve as honeypots for scammers of all sorts.  The report released […]

The Polywhale decentralized finance (DeFi) protocol has been shut down with the team selling off their tokens in what appears to be...

The founders of the DeFi yield farm have allegedly redeemed over $1 million worth of tokens as the Treasury wallet was drained Monday.

Polywhale Team Abandon $100 Million Project Amid Scam Allegations | Crypto Briefing ...

It’s all fun and games in DeFi... until you lose money and wish you had consumer protections.

@Ishan PandeyIshan PandeyStudent of law working on code and everything law. Founder: Blockchain Research Ishan Pandey: Hi Oliver, welcome to our series “Behind the...

Australian scammers earned $20 million in crypto payments in 2020 and victims were often enticed via get-rich-quick investments, fake celebrity endorsements and catfishing so let’s read more in our latest cryptocurrency news today. Bitcoin and other cryptocurrencies were the second most popular payment method for the scammers that targeted the citizens of Australia last year. […]

The Securities and Exchange Commission (SEC) has charged five individuals for allegedly taking part in what has come to be known as the Bit Connect scam. Bit Connect Is Still an Open Case Bit Connect collapsed in the year 2018. The event resulted in more than $2 billion in losses for investors, and now it...

The post SEC Seeks Five Men That Allegedly Took Part in Bit Connect Crypto Scam appeared first on Live Bitcoin News.

Biden’s administration expands crypto tracking in order to prevent ransomware attacks after the latest attack on JBS which threatened the country’s food supply so let’s read more in our latest crypto news. Last month we witnessed a gas pipeline being targeted in a new ransomware attack which is what inspired Biden’s administration to expand its […]