Crypto Ponzi scheme exposed, police urge caution

Crypto Ponzi scheme exposed, police urge caution

May 23, 2022 0

A fake company operating an offshore cryptocurrency investment scheme has been investigated by police after multiple people fell victim to the scam. Detective Sergeant James Robson, of the Auckland City financial crime unit, said police received reports involving a company calling itself Quwiex Limited. It claimed it could offer investors high daily returns. “This company […]

SEC Halts  Million Crypto Mining, Trading Scheme — DOJ Indicts Founder

SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder

May 9, 2022 0

The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department. SEC Halts $62M Global Cryptocurrency Fraud […]

CRO Coin Falls 19% After Crypto.com Announces Rewards Cut Down To Cardholders

CRO Coin Falls 19% After Crypto.com Announces Rewards Cut Down To Cardholders

May 2, 2022 0

On Monday, Crypto.com’s Cronos (CRO) slide followed suit with a sharp drop after the crypto exchange said it was reducing some staking and rewards tied to its popular pre-paid Visa cards.  According to Tradingview.com, the coin dropped by 19% to $.265. On Sunday before the announcement, CRO was trading above $.33 per coin.  Crypto.com announced […]

Apple Users Warned By MetaMask Over Potential Phishing Attacks Via iCloud

Apple Users Warned By MetaMask Over Potential Phishing Attacks Via iCloud

April 18, 2022 0

Apple users are being warned by cryptocurrency wallet MetaMask over some security vulnerabilities involving iCloud backups. In a report by CoinTelegraph, the warning is said to be against potential phishing attacks for all iPhone, iPad, and Mac users. It involves certain default device settings which store MetaMask users’ seed phrase onto iCloud, whenever anyone enables […]