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CULTURE

Fraudulent South Korean Exchange Pure Bit Nabs $2.8M in ICO Exit Scam

Landon Manning -
The South Korean ICO has defrauded its private sale investors out of roughly 13,500 ETH ($2.8 million) before disappearing from the internet entirely.
MARKETS

Binance Freezes Funds on Multiple Accounts with Dubious Crypto Exchange

Landon Manning -
Binance has frozen multiple accounts associated with the cryptocurrency exchange Wex, citing money laundering concerns.
CULTURE

Federal Judge Rules Cryptocurrency MBC Is a Commodity

Nick Marinoff -
In a landmark case for the cryptocurrency industry, a federal judge has ruled that a cryptocurrency caught in the midst of a lawsuit is a commodity.
CULTURE

Texas State Securities Board Hits Russian Hoaxers with Cease-and-Desist Orders

Jimmy Aki -
Texas Securities Commissioner Travis J. Iles has issued emergency ordinances against three separate fraudulent cryptocurrency schemes linked to Russian scammers.
CULTURE

Crypto Industry Consortium Launches Self-Policing Program

Jimmy Aki -
The program will create an anonymous tip line as well as a whistleblower reward mechanism to deal with the problem of cryptocurrency scammers and hackers.
BUSINESS

BitConnect’s Alleged Ringleader Arrested in India: Local Reports

Aaron Van Wirdum And Colin Harper -
Divyesh Darji, the alleged leader of BitConnect’s Asian team, was arrested this Saturday, August 18, 2018, in the Delhi airport by the Gujarat Criminal Investigation Department (CID).
BUSINESS

This Crypto Scam Botnet Consists of Over 15,000 Separate Bots

Nick Marinoff -
Researchers at Duo Labs have discovered that Twitter is home to at least 15,000 scam bots and have published their findings in a new report.
BUSINESS

MetaCert’s Newest Product, Cryptonite, Solves Twitter’s Scambot Problem

Aaron Van Wirdum And Colin Harper -
Cryptonite is MetaCert’s solution to safeguard users from the fraudulent Twitter accounts that orchestrate fake giveaways under the guise of cryptocurrency industry leaders.
BUSINESS

U.S. and Canadian Regulators Investigating Crypto Scams

Shawn Gordon -
"The actions announced today are just the tip of the iceberg."
BUSINESS

SEC Halts AriseBank ICO, Calling It “an Outright Scam”

Shawn Gordon -
The founders of the "decentralized bank" are being charged with alleged fraud and issuing unregistered securities during its ICO.
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