Seven Arrested in Mumbai Over International Bitcoin Scam
The modus operandi of these scammers was to call up US residents and ask them to pay ‘loan tax’ they owe to the IRS in form of Bitcoin payments
- Aditya Worah
- Aug 28, 2018
- Apr 19, 2024
The modus operandi of these scammers was to call up US residents and ask them to pay ‘loan tax’ they owe to the IRS in form of Bitcoin payments
Recent reports now indicate that a massive cryptocurrency scam, worth $3.2 Billion worth INR has been uncovered in India.
The ICO has scammed over $50 Million from about 124,000 people in the country. Authorities are now seeking support of Interpol for investigating into the matter.
A 20-year old student from Boston has been arrested over a $5 Million cryptocurrency scam which he achieved via SIM-jacking.
South Korea's Shinil Group claims to have found a sunken treasure, which has $130 Bn in Gold. The company plans to launch an ICO token backed by this gold.
A cryptocurrency scam worth Rs. 500 Crore ($7.3 Million) has come to light in India, named MoneyTradeCoin - the scam was orchestrated by The Flintsonte Group.
Over a Billion dollars have been lost in ICO scams - and 271 scammy coins have been identified, a report from the Wall Street Journal points out.
The Chinese police have arrested 6 individuals of PEB firm in connection to cryptocurrency scam.
Indian authorities have arrested two individuals accused of operating a bitcoin Ponzi scheme that swindled 300 bitcoins, approx. $2.6 million from 5000 victims.
Judge Hwang Jin-jin of the Incheon District Court punished two men for running a pyramid scam. The accused were fined $15 Million and $8 Million respectively!
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