United States bank Wells Fargo – the third largest in the country – has agreed to pay out $575 million for scamming its own customers. Over the past decade and a half, the financial giant has illegally charged clients for products which they never selected. These include collateral protection on automobile loans or life insurance … Continue reading Wells Fargo Scams Its Clients and Bans Crypto Purchases
Cryptocurrency-related scams and frauds have made quite a few headlines during the past year. The SEC has cracked down on countless cryptocurrency in an effort to stop said fraud cases. Now, however, a recent Wall Street Journal report reveals that the SEC has only managed to recover a relatively meager $36 million. WSJ finds reports … Continue reading Report Shows US Regulators Recovered Just $36 Million From 90 Crypto Scam Takedowns
The verified account of G Suite, the professional Gmail version, is the latest victim of Twitter bitcoin scams. The rampant “crypto giveaway” scams have scourged crypto Twitter for years and the social media giant seems to be struggling to contain them. https://twitter.com/B_u_r_t_o_n/status/1062425103915466752 The scam follows a similar pattern Even though it stayed online for only … Continue reading Google‘s Official Twitter Account Falls Prey to a Bitcoin Scam
The cryptocurrency exchange ”liqui.io” could very well be in the midst of an exit scam. That is at least the case according to a vocal Redditor, who alleges that the exchange is liquidating customers’ assets. However, some brief backstory is needed to fully understand the current situation. First and foremost, the exchange has delisted 25 … Continue reading Cryptocurrency Exchange Delists High-Profile Tokens in Exit Scam?