News about Fake

by COINS NEWS - 7 months ago

Wallet phished for $4.46 million in fake mining scam

The unidentified victim was lured in a pig-butchering scam: long term trust building in order to get them to engage with a fake mining scam, where they lost $4.4 million worth of Tether to a wallet draining. F. submitted by /u/bin...

by COINS NEWS - 7 months ago

The Fake Genius: a $30 BILLION Fraud.

While we may disagree with some of this guy's other takes, this documentary length video is most certainly worth a watch. It gives a really detailed analysis of everything we've seen and some we may have missed with amazing editing work...

by COINS NEWS - 7 months ago

TIL that Ruja Ignatova, after founding a huge fake crypto Ponzi scheme called OneCoin that defrauded investors of $4 billion, disappeared in 2017 ahead of a US warrant for her arrest. As of last year she has been on the FBI's Ten Most Wanted list. Many co

After reading many articles and Wikipedia pages, this is my best attempt at a summary of the whole story: Bulgarian Ruja Ignatova spent over a year in prison in 2012 for a fraudulent scheme she ran with her father, and then went on to run an MLM scam...