Reportedly, Haru Invest emphasised high-yield promises while it froze certain platform functions in June 2023. Around this time, the outfit also cut 100 jobs. The company cited issues with its partners as the reason why customers could not make deposits or withdrawals. Yonhap News described the company as a “rug pull” front for fraud, which…
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Cuffed while being escorted from the Manhattan court, the FTX founder will await his October trial behind bars instead of the Palo Alto mansion of his parents. The judge’s decision came after Bankman-Fried gave the New York Times private papers belonging to Caroline Ellison, his former girlfriend and CEO of Alameda Research, a hedge fund…
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Never underestimate the persistence of a cyber criminal in the pursuit of his target. If one avenue is successfully blocked, the crook is fully capable of having his deception scenario morph into something even more undetectable, before launching a second attack. A little over a week ago, we reported that a clever YouTube video on…
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Be on guard – Cyber crooks are getting very clever with technological tricks to, as the typical con game scam storyline goes, gain your trust, appeal to your greed, set the hook, and then fleece you for all that it is worth. The latest cyber “ruse” on the Internet is designed to victimize Bitcoin-aware consumers…
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In many respects, the world of cryptocurrencies is very reminiscent of the evolution of retail forex trading in the nineties. At that time, every aspect of trading in this new genre was an innovative adaptation of existing technologies, but with an entirely different look and feel. Regulatory agencies around the globe were unprepared for what…
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One of the most insidious tools within the cyber-criminal’s toolbox is malware, especially the form that invades your computer and reports back your every keystroke for further processing down the line. AI-driven software routines can quickly ferret out your private login and password combinations, such that it is only a matter of time before the…
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The U.S. Securities and Exchange Commission today suspended trading in the securities of a company amid questions surrounding its statements about partnering with a claimed SEC-qualified custodian for use with cryptocurrency transactions and a purportedly registered public offering of preferred stock. The SEC’s trading suspension order says that two August 2018 press releases issued by Nevada-based American…
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With cryptocurrency investment scams rising to become the #2 item leading to fraud related losses for investors, Australia's consumer watchdog ACCC (Australian Competition & Consumer Commission) has issued its Scamwatch updated figures for the first half of 2018, indicating a troubling rise in investment scams. Scamwatch said it is warning the Australian community to be…
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