Colorado Resident Loses $6,000 in Bitcoin to Phone Scammer

November 5, 2024 Bitcoin.com

Colorado Resident Loses ,000 in Bitcoin to Phone Scammer

A Keystone resident lost $6,000 in bitcoin in a phone scam in which a scammer claimed the victim had missed jury duty. The scammer also attempted to steal another $4,000 in bitcoin but was stopped by county deputies. The incident, which occurred Oct. 27, is the latest in a series of phone scams targeting county […]

Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action

June 14, 2022 Bitcoin.com

Bitcoin Fraud

Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have reported him to the police. His lawyer insisted that no evidence will be found because Mogale never committed fraud. Five Fraud Cases Opened Against Mogale Sebasa […]

Brazilian Judge Dismisses Bitcoin Scam Mastermind’s Attempt to Block His Extradition to South Africa

June 9, 2022 Bitcoin.com

Bitcoin Scam

A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extradition purposes. The judge also rejected Johann Steynberg’s attempts to use his Brazilian family as the basis for seeking an […]

Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam

May 23, 2022 Bitcoin.com

Bitcoin investment

South Africa’s national broadcaster has suspended one of its employees that is accused of convincing unsuspecting people, including pensioners, to invest in a cryptocurrency scam. More than 100 people are believed to have fallen victim to promises of very high returns to investors in the bitcoin investment scheme. 300% Return on Investment The South African […]

Binance Warns Crypto Investors of ‘Massive Phishing Scam via SMS’

February 7, 2022 Bitcoin.com

Binance

Cryptocurrency exchange Binance has warned investors of a “massive phishing scam via SMS.” The scammers sent SMS messages to crypto users informing them of a withdrawal request from an unknown IP address they may want to cancel. Massive Phishing Scam Targeting Crypto Investors Binance CEO Changpeng Zhao (CZ) tweeted Friday: There is a massive phishing […]

US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors

January 27, 2022 Bitcoin.com

Bitcoin Fraud

A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money from customers but did not provide them with the agreed-upon bitcoin. Fraudulent Bitcoin Seller Going to Jail The U.S. Department of Justice (DOJ) […]

US Federal Trade Commission Warns Consumers About Falling for Crypto ATM Scam

January 12, 2022 Bitcoin.com

Bitcoin ATM

The U.S. Federal Trade Commission (FTC) has warned consumers about scams involving cryptocurrency ATMs. “There’s a new spin on scammers asking people to pay with cryptocurrency,” the FTC described. FTC’s Warning About Scams Involving Cryptocurrency ATMs The U.S. Federal Trade Commission (FTC) issued a scam alert involving cryptocurrency ATMs Monday. The consumer notice, posted by […]

Fraud-Accused South African Bitcoin Trader to Turn Himself Over to Police: Report

October 19, 2021 Bitcoin.com

Bitcoin Fraud

Sandile Shezi, the young South African bitcoin trader who is facing fraud charges, has denied allegations he scammed shareholders in his Global Forex Institute. Shezi: Shareholders Signed Up for Education, Not Investments Despite his rejection of the allegations, a spokesperson for the country’s police told the Sunday Times newspaper that Shezi has agreed to turn […]

Bid to Have MTI Ponzi Declared Unlawful Scheme Suffers Setback — More Investors Oppose Motion

September 11, 2021 Bitcoin.com

Bitcoin Scam

A slew of late court filings by lawyers representing Mirror Trading International (MTI) investors has forced a South African judge to postpone the hearing of the liquidators’ application to have the online bitcoin scam declared an illegal business. Concern Over Implications of Declaration Order As a Mybroadband report explains, the investors’ belated decisions to oppose […]

Kenyans Cautioned Against Investing in BTC Company Promising Returns of 400% in Six Hours

August 18, 2021 Bitcoin.com

Bitcoin Fraud

A Kenyan regulator, the Capital Markets Authority (CMA), has cautioned investors and Kenyan citizens against investing with Fxbitinvest, a bitcoin trading company. The warning was issued after the regulator noted Fxbitinvest’s use of exaggerated return-on-investment promises to lure unsuspecting Kenyans. Unrealistic Promises According to a CMA statement issued on August 12, Fxbitinvest is offering prospective […]

Bitcoin Scam

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