Crypto Schemes | FinTelegram News

Category: Crypto Schemes

July 7, 2022

The Cypro Bankruptcy Wave Continues With Voyager Digital!

Following the Chapter 15 bankruptcy filing of collapsed crypto hedge fund Three Arrows Capital (3AC), one of its lenders, the public-listed crypto broker Voyager Digital filed for Chapter 11 bankruptcy in New York. According to a court filing, Voyager has claims of more than $650 million against 3AC. Voyager has approximately $1.3 billion of crypto assets and over $350 million in cash held at a For Benefit of Customers (FBO) account at Metropolitan Commercial Bank. The estimated number of creditors exceeds 100,000.

July 6, 2022

Liquidity Question! Blockchain.com Suffered Losses With Three Arrows Capital Collapse!

Blockchain.com was among the creditors who pushed for the liquidation of collapsed crypto hedge fund Three Arrows Capital (3AC). We have reported several times that Blockchain.com delays withdrawals of its customers with bullshit excuses. Perhaps the cause is a liquidity problem due to the losses suffered with 3AC? Blockchain.com said that 3AC may have defrauded the crypto industry. They intend to hold them accountable. What about Blockchain.com accountability? Whose funds have been invested? The company has not yet disclosed details to its clients!

July 4, 2022

Regulatory Attention Please! Crypto Giant Blockchain, Misleading Statements, And Its Liquidity Traps!

The Florida-based Peter Smith founded Blockchain.com in 2012. He still is the CEO of the company, which claims to be responsible for about 28% of all BTC transactions since 2012. In spring 2021, the company raised $420 million and received a valuation of $5.2 billion. In April 2021, Smith announced the "first-ever" digital asset partnership with an NFL team, the Dallas Cowboys. But times have changed. The crypto & fintech market collapsed. Many hyped companies are faced with lethal liquidity troubles. Blockchain.com may be one of them given their payout issues.

July 1, 2022

Vanished Cryptoqueen Ruja Ignatova Added to FBI Ten Most Wanted Fugitives List

In May 2022, the Bulgarian Onecoin founder and Cryptoqueen Ruja Ignatova were added to the most wanted list by Europol. FinTelegram reported. On 30 June 2022, the US Attorney SNDY informed via Twitter that Ruja Ignatova has been added to the FBI’s Ten Most Wanted Fugitives list for allegedly defrauding investors of more than $4 billion through the OneCoin. Konstantin Ignatov, Ruja Ignatova’s brother was also arrested in Los Angeles in March 2019 and pleaded guilty on the grounds of money laundering and fraud.

June 25, 2022

Attention! FirstFXCapital Crypto Investment Scam Chasing Victims On Instagram!

The German BaFin issued a warning against the FirstFXCapital crypto broker scam. The information available to the regulator justifies the assumption that unauthorized banking transactions or financial services are offered in Germany. Victims are recruited via Instagram, asked to purchase Bitcoins and transfer them to the scam for alleged investment purposes. As always, the victims cannot withdraw their fake profits shown to them on the dashboard.

June 16, 2022

Disgraced Canadian BitRush Corp Announces Grant Of Stock Options!

BitRush (BRH) used to be one of the first public-listed crypto companies in 2015 when it was approved for a listing on the Canadian Securities Exchange (CSE). Werner Boehm and Alfred Dobias established the company. They listed it at the CSE with Slovakian entrepreneur and investor Igor Wollner and his partner Hans-Joerg Wagner, with Boehm acting as CEO. In 2016, Wollner and Wagner wanted to sign a contract with cybercrime mastermind Uwe Lenhoff to launder money through BitRush.

April 26, 2022

CNMV warns against PancakeSwap and six illegal financial websites

While the Italian Consob seems to continue its struggle with its warnings page, the Spanish regulator CNMV issued its new warnings on Monday. This time against seven websites that offer regulated financial products without permission. The warning against the decentralized crypto exchange PancakeSwap, which is well established in the crypto scene, is noteworthy. We will take a closer look at the other warned providers and bring detailed reports soon. Below is the list of new warnings.

April 5, 2022

Interesting! Spanish regulator warns against crypto exchange OKX!

OKX, part of the OK Group, is one of the most prominent crypto trading exchanges operated by Seychelles-based Aux Cayer FinTech Co. Ltd and Malta-based OKEX Malta Ltd. The Chinese Xu Mingxing founded the OK Group, which also owns the crypto exchange Okcoin, in 2017. The Spanish regulator CNMV has issued a warning against OKX, stating that the Group has no authorization to offer its regulated services in Spain. Most recently, the UK FCA has made several critical statements about the world's largest crypto exchange Binance.

February 22, 2022

Attention! The vast Polish crypto scam network around CryptoX!

The UK FCA has recently issued a warning against the crypto trading scam Coin Stock FX (www.coinstockfx.com). The website names UK-registered Cryptox Ltd as the operator. This legal entity is also the operator of the crypto investment scams with the domain f2poolminers, Bitminerpool, and many other active or vanished Crypto Scams. According to the UK Companies House data, Grzegorz Musik, a Pole born in 1971, is a director of the company. Here is a first report!

February 13, 2022

U.S. crypto lender BlockFi to pay $100M to settle the regulatory case!

Bloomberg reported that the crypto lender BlockFi agreed to pay $100 million to settle allegations from the U.S. Securities and Exchange Commission (SEC) and state regulators that it illegally offered a product that pays customers high-interest rates to lend out their cryptos. The company has been under investigation since at least Nov 2021 over the lending product, which offers yields as high as 9.5%.

February 9, 2022

Don’t be a fool! Stay away from the FX Swiss Limited crypto scams!

The UK Financial Conduct Authority (FCA) issues a dozen warnings against crypto schemes almost every day. Most of them are so poorly done that one has to be seriously concerned about the state of mind of the operators and also of their victims. Apparently, crypto scammers don't even bother to appear reputable anymore. It is enough for them to run as many badly made scams as possible that always find victims. FX Swiss Limited is a fake company that runs several of these crypto scams. Stay away!

Crypto Schemes

February 9, 2022

Urgent Warning! The fraudulent Meta Token ICO still attacks with a new domain!

The Philippine scammers behind the Meta token fake ICO are changing their domains frequently. The fraudulent Meta Token ICO presents itself with the logo and other credentials of Mark Zuckerberg's Meta Platforms, Inc. Numerous victims contacted us. The scammers changed their domain from https://metav3token.com to https://meta-launch.international.The fraudsters plan to sell up to 15 million META Tokens in a pre-sale offering. Stay far away; this is a scam planning to victimize you and rip you off; it has nothing to do with Zuckerberg or Meta Platforms.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.