Tag: Scam

Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide

Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along […]

Bitcoin Revolution Scam: Malta Warns of “Get-Rich-Quick” Scam

Bitcoin Revolution Scam: Malta Warns of “Get-Rich-Quick” Scam An alleged global scamming scheme called ‘Bitcoin Revolution’ is doing the rounds and traders are being warned not to fall for it. The Malta Financial Services Authority (MFSA) issued a warning against it today via an official document. Bitcoin Revolution The alleged crypto […]

U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

U.K. Cryptocurrency Exchange Cubits Shuts Down After M Scam Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $ 32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with […]

Josh Garza Sentenced to Prison and Fined $9M over GAW & Paycoin Scam

Josh Garza Sentenced to Prison and Fined M over GAW & Paycoin Scam U.S. Attorney’s Office District of Connecticut has announced Homero Joshua Garza (Josh Garza) has been sentenced to “21 months of imprisonment, followed by three years of supervised release, the first six months of which [Mr. Garza] must […]