カテゴリー: Exit Scam

Exchanges Roundup: Binance ‘Very Healthy’ Despite Volume Drop, Gate.io Breached

In cryptocurrency exchange news, Binance’s CEO has described the exchange as “very healthy” despite the dramatic reduction in trade volume compared with early 2018, and Gate.io was recently breached via a malicious script added to web analytics provider Statcounter. Also, a South Korean ICO raising money for a crypto exchange desk appears to have pulled […]

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The Daily: Secret Nasdaq Meeting, SALT Takeover Offer, Vitalik Wants More Cards

The Daily: Secret Nasdaq Meeting, SALT Takeover Offer, Vitalik Wants More CardsIn today’s edition of Bitcoin in Brief we cover a secret meeting at Nasdaq, a takeover bid for crypto-as-collateral loan platform SALT, Vitalik Buterin’s thoughts on the importance of enabling small retail transactions, and why Chinese investors come to Israel to find blockchain startups. Also Read: Largest Cannabis Market in Israel to Accept Bitcoin Payments […]

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$46 Million of Ether is Locked in a Pair of Ponzi Dapps

$46 Million of Ether is Locked in a Pair of Ponzi DappsThe ethereum network has another pair of smash hit dapps. The decentralized applications have proven to be a viral success over the past week, amassing more transactions than IDEX and accruing seven-day trading volume of 180,000 ETH. There’s just one problem: both dapps are ponzi schemes in which virtually everyone who plays will lose. Also […]

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ICOs Have Become a Parody of Themselves

ICOs Have Become a Parody of ThemselvesWatchdog ICOs exit scamming; ERC20 token wallets getting emptied via smart contract bugs; people dying in token sale publicity stunts: the world of ICOs has become so bizarre it’s impossible to tell what’s real and what’s satire. As a glimpse into the events of the past week shows, there’s never a dull day in ICO […]

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Darknet Market Rapture Has Been Down for a Week — Users Grow Leery

Darknet Market Rapture Has Been Down for a Week — Users Grow LeeryThe website Rapture Market has been down for well over a week for users who frequent the darknet, causing concern that another DNM has committed an exit scam. Currently, the market’s customers and some vendors are freaking out as the online marketplace was gaining in popularity and enjoying solid ratings with decent uptime. However, Rapture […]

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US State Shuts Down Cryptocurrency Mining Company

US State Shuts Down Cryptocurrency Mining CompanyA U.S. state has issued a cease and desist order to a company purportedly engaged in cryptocurrency mining. This order follows a temporary cease and desist order to the company two months ago which it did not respond to. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cease and Desist Order The U.S. State […]

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Litecoin Foundation Apologizes for Not Doing Enough Due Diligence on Litepay

Litecoin Foundation Apologizes for Not Doing Enough Due Diligence on LitepayFailure of a project is a natural and common thing when investing in startup ventures, especially when it comes to cutting edge technologies such as cryptocurrency applications. Doing due diligence won’t prevent failed investments made in good faith, but it can make sure to weed out projects that will raise obvious red flags if vetted […]

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ICO Trackers Are the New Gatekeepers of Crowdsales

ICO Trackers are the New Gatekeepers of CrowdsalesThe burgeoning ICO industry has spawned a lucrative business for tracker sites that monitor and review the latest projects. Not only do these sites earn lucrative sums for their featured reviews, but the largest have the power to make or break ICOs. Tracker websites have become the unofficial gatekeepers of crowdsales. Also read: Joystream Test Drive […]

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46% of Last Year’s ICOs Have Failed Already

46% of Last Year’s ICOs Have Failed AlreadyIt has always been assumed that a large number of ICOs will fail, be it at the fundraising stage or when it comes to delivering the actual project. It’s hard to settle on a precise figure, however, as most dubious ICOs don’t exit scam: they slowly tiptoe away, like a sneak thief rather than a […]

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If You’ve Been Scammed Out of Cryptocurrency It’s Probably Your Fault

Scammers are a dastardly, low down bunch. Preying on the gullible, extorting the vulnerable, and hoodwinking the hoodwinkable with their promise of free bitcoin if you send a little first and daily interest on your Bitconnect loan. It’s an indisputable fact that if the cryptocurrency space were cleansed of scammers, the web would be a […]

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