In a recent development, authorities have successfully apprehended six individuals, including a student from the esteemed Indian Institute of Technology (IIT) Kanpur, for their alleged involvement in a significant cryptocurrency fraud case in Thane. The arrest marks a noteworthy milestone in the ongoing efforts to combat fraudulent activities within the cryptocurrency domain. This article aims […]
Co-founder of $4B OneCoin fraud scheme pleads guilty and faces up to 60 years in jail
The co-founder of OneCoin, a fraudulent cryptocurrency scheme, has admitted guilt to several charges brought by the US Department of Justice (DOJ) and now faces up to 60 years in prison. Karl Sebastian Greenwood pleaded guilty to counts of wire fraud, conspiracy to commit wire fraud, and conspiracy to launder money, each of which carries […]
OneCoin – Ponzi Scheme investigation in India
Key Highlights: Onecoin investigation in India by the EOW Four bank account uncovered with ₹19 crores and ₹5 crore approximately The Government of Hungary is investigating OneCoin, a cryptocurrency investment scheme as a fraudulent Ponzi Scheme. German Regulators have also ordered OneCoin to ‘Dismantle their Trading System‘ The Economics Offence Wing investigates OneCoin in India […]
All You Need to Know About BitConnect Coin
If you are a Bitcoin and other cryptocurrency enthusiasts, there are a lot of positive developments happening. This Thursday Bitcoins traded at 1,20,00 INR/$1800 and broke all previous records. The reason behind this gain of more than 13000 INR/ $200 in last 15 days is the increasing demand from around the world. This recent trend added around […]