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Arrest of USI Tech CEO Marks Milestone in $150M Crypto Scam

Crypto, Crypto basics, Crypto news, Crypto security, Scams / January 24, 2024

In a significant development, Horst Jicha, the USI Tech CEO, a cryptocurrency investment and trading platform, has been arrested on charges of fraud, misleading investors, and financial crimes. Jicha is alleged to have orchestrated a massive $150 million scam that devastated investors worldwide. What happened with USI Tech? USI Tech, founded in 2016, lured investors […]

Arrest of USI Tech CEO Marks Milestone in $150M Crypto Scam Read More »

In a significant development, Horst Jicha, the USI Tech CEO, a cryptocurrency investment and trading platform, has been arrested on charges of fraud, misleading investors, and financial crimes. Jicha is alleged to have orchestrated a massive $150 million scam that devastated investors worldwide. What happened with USI Tech? USI Tech, founded in 2016, lured investors

Bitcoin Rodney Arrest: Scam and Celebs in Billion Dollar Fraud

Crypto, Crypto basics, Crypto news, Crypto security, Important Persons, Scams / 1 Comment / January 15, 2024

Bitcoin Rodney Arrested: From Fame to Fraud Charges In a dramatic turn of events, Rodney Burton, better known as “Bitcoin Rodney,” was arrested on January 8, 2024, in Florida, on charges of defrauding investors of more than $7 million through a sham cryptocurrency investment scheme. The arrest marks a downfall for Burton, who once enjoyed

Bitcoin Rodney Arrest: Scam and Celebs in Billion Dollar Fraud Read More »

Bitcoin Rodney Arrested: From Fame to Fraud Charges In a dramatic turn of events, Rodney Burton, better known as “Bitcoin Rodney,” was arrested on January 8, 2024, in Florida, on charges of defrauding investors of more than $7 million through a sham cryptocurrency investment scheme. The arrest marks a downfall for Burton, who once enjoyed

Amazon Token Scam: What is it and noticeable Red Flags

Crypto, Crypto basics, Crypto security, Scams / January 4, 2024

What is the Amazon Token Scam In the fast-paced world of cryptocurrency, a sneaky Amazon Token Scam cropped up, taking advantage of the buzz around the possibility of Amazon dipping its toes into the crypto universe. The Amazon Token con played out on a bogus website that looked eerily similar to the real Amazon platform.

Amazon Token Scam: What is it and noticeable Red Flags Read More »

What is the Amazon Token Scam In the fast-paced world of cryptocurrency, a sneaky Amazon Token Scam cropped up, taking advantage of the buzz around the possibility of Amazon dipping its toes into the crypto universe. The Amazon Token con played out on a bogus website that looked eerily similar to the real Amazon platform.

Crypto Wash trading: What is it, Tactics and Impact

Crypto, Crypto basics, Crypto security, Scams / January 15, 2024

What is Wash trading? Wash trading is a type of market manipulation where a trader engages in repetitive buying and selling of the same asset, giving the appearance of heightened activity and causing an artificial inflation of the asset’s price. This can be done by a trader trading with themselves, or by two or more

Crypto Wash trading: What is it, Tactics and Impact Read More »

What is Wash trading? Wash trading is a type of market manipulation where a trader engages in repetitive buying and selling of the same asset, giving the appearance of heightened activity and causing an artificial inflation of the asset’s price. This can be done by a trader trading with themselves, or by two or more

Crypto scam: What can you do as a victim? Is it legal?

Crypto, Crypto basics, Crypto security, Scams / January 15, 2024

Cryptocurrencies have become increasingly popular in recent years, but with this popularity has come a rise in crypto scams. Nearly $2 billion was stolen from cryptocurrency investors in the first half of 2022 alone. One relatively new rug pull scam that made headlines in 2022 was the case of EmpiresX. EmpiresX was a cryptocurrency investment

Crypto scam: What can you do as a victim? Is it legal? Read More »

Cryptocurrencies have become increasingly popular in recent years, but with this popularity has come a rise in crypto scams. Nearly $2 billion was stolen from cryptocurrency investors in the first half of 2022 alone. One relatively new rug pull scam that made headlines in 2022 was the case of EmpiresX. EmpiresX was a cryptocurrency investment

Paradox Crypto Scam: Unveiling Controversy and Allegations

Crypto, Crypto security, Scams / January 15, 2024

What is the Paradox Crypto Scam? The Paradox Crypto Scam is a Ponzi scheme that promised 10x and 100x returns for investing and playing games in the Paradox virtual world, but the scam collapsed and investors lost their money. The scam gained traction across multiple social media platforms, such as YouTube and Twitter. Its promoters

Paradox Crypto Scam: Unveiling Controversy and Allegations Read More »

What is the Paradox Crypto Scam? The Paradox Crypto Scam is a Ponzi scheme that promised 10x and 100x returns for investing and playing games in the Paradox virtual world, but the scam collapsed and investors lost their money. The scam gained traction across multiple social media platforms, such as YouTube and Twitter. Its promoters

Rug pull: Meaning, NFT and Investor Risks in Cryptocurrency

Crypto, Crypto basics, Crypto security, Scams / January 15, 2024

What is a rug pull? A rug pull is a type of crypto scam in which the developers of a new project abandon it and run away with investors’ funds. This is done by selling all of the project’s tokens, which causes the price to plummet. Key takeaways Types of rug pull Two primary types

Rug pull: Meaning, NFT and Investor Risks in Cryptocurrency Read More »

What is a rug pull? A rug pull is a type of crypto scam in which the developers of a new project abandon it and run away with investors’ funds. This is done by selling all of the project’s tokens, which causes the price to plummet. Key takeaways Types of rug pull Two primary types

Greenhashes cloud mining: Your Eco-Friendly Mining Scam !

Crypto, Crypto security, Scams / January 15, 2024

What was it Greenhashes Cloud Mining was a cryptocurrency company that promised to provide users with a simple and efficient way to mine cryptocurrencies. Their website claimed that they had state-of-the-art mining facilities that ensured high returns and low costs. However, several red flags were overlooked by users who invested in the platform. Overlooked red

Greenhashes cloud mining: Your Eco-Friendly Mining Scam ! Read More »

What was it Greenhashes Cloud Mining was a cryptocurrency company that promised to provide users with a simple and efficient way to mine cryptocurrencies. Their website claimed that they had state-of-the-art mining facilities that ensured high returns and low costs. However, several red flags were overlooked by users who invested in the platform. Overlooked red

Bitconnect Exposed: Unraveling the Scam & Its Aftermath

Crypto security, Scams, Society / July 27, 2023

Bitconnect, a notorious cryptocurrency scam, shook the financial world with its audacious Ponzi scheme, causing substantial losses for investors. Bitconnect’s Promises and the Digital Platform Launched in 2016, Bitconnect promised high returns through a unique trading bot, attracting many unsuspecting individuals to invest in the platform. The platform claimed to possess a special trading bot,

Bitconnect Exposed: Unraveling the Scam & Its Aftermath Read More »

Bitconnect, a notorious cryptocurrency scam, shook the financial world with its audacious Ponzi scheme, causing substantial losses for investors. Bitconnect’s Promises and the Digital Platform Launched in 2016, Bitconnect promised high returns through a unique trading bot, attracting many unsuspecting individuals to invest in the platform. The platform claimed to possess a special trading bot,

51% Attacks: Unraveling Crypto’s Biggest Threat

Blockchain, Crypto, Crypto basics, Crypto security, Scams / January 15, 2024

What is a 51% Attack? 51% attacks occur when a single entity or a group of colluding entities gain control of more than 50% of a blockchain network’s hashing power. Securing a majority position enables attackers to wield control over the network, allowing them to engage in activities such as double-spending, transaction censorship, and manipulation

51% Attacks: Unraveling Crypto’s Biggest Threat Read More »

What is a 51% Attack? 51% attacks occur when a single entity or a group of colluding entities gain control of more than 50% of a blockchain network’s hashing power. Securing a majority position enables attackers to wield control over the network, allowing them to engage in activities such as double-spending, transaction censorship, and manipulation

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