Cryptocurrency Scheme

Police have registered a case against 19 members of a family in Maharashtra's Thane for allegedly duping a man and his brother of Rs 1.17 crore under the pretext of high returns on investment in a cryptocurrency scheme, an official said.

This week, cyber criminals breached content creator Ranveer Allahbadia’s handles on YouTube, replaced related logos and images with those of Elon Musk and Tesla, as well as deleted all of the videos that were published on the pages. The channels started promoting a crypto fraud scheme, for hours before YouTube restored access to Allahbadia.

WazirX estimates that Zettai may take at least six months to stitch up a scheme, which if approved by the creditors and sanctioned by the Singapore Court, “would be legally binding on all relevant parties, including Zettai.” The platform needs this time to finalise the terms and conditions of this financial restructuring scheme.

A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.

Elon Musk’s popularity in the crypto circle is becoming a dangerous threat for crypto investors, especially for ones who take the billionaire’s market commentary rather seriously. In a fresh incident, Musk’s identity was misused to promote a fake crypto scheme on the YouTube channel of Australia’s Channel Seven .

The Economic Offences Wing (EOW) of Odisha has arrested the Country Head of "Yes World Crypto Token," namely Sandeep Choudhary (40) from Jaipur. Choudhary is a native of Rajasthan's Jhunjhunu. The case was registered on October 16 under sections 420, 467, 468, 471 and 120-B of the Indian Penal Code and sections 4, 5 and 6 of the Prize Chits and Mon...

A man has been arrested from Kolkata for allegedly duping people under the pretext of doubling their money in a cryptocurrency scheme, a Mumbai Police official said on Saturday.

In order to offer the next advanced safety solutions for digital assets, Cryptosat and Dfns have come together to create a ‘Space Wallet’. The Space Wallet will use an ‘innovative threshold signature scheme’ to offer an improved security against financially damaging attacks.

Apple could soon launch a Mixed Reality (MR) device in the next three weeks and the arrival of the headset could boost the value of metaverse related tokens, according to an independent blockchain developer. Apple is rumoured to launch a wearable Reality Pro headset at its Worldwide Developers Conference (WWDC) next month, but the company is yet to...

Elon Musk asked a US judge on Friday to throw out a $258 billion (roughly Rs. 21,20,200 crore) racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla called the lawsuit by Dogecoin investors a "fanciful...

The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.

A Falcon 9 rocket from Elon Musk’s SpaceX released Crypto1 satellite from the Cryptosat team into the Earth’s orbit on January 3. Like its predecessor, this satellite is aimed at powering cryptographic, blockchain and ledger applications. The physical accessibility of satellites makes them a secure point-of-information storage, that guarantees ...

US prosecutors say former FTX Chief Executive Officer Sam Bankman-Fried engaged in a scheme to defraud FTX's customers by misappropriating their deposits to pay for expenses and debts.

Founders of the Bitcoin cloud miner platform HashFlare were arrested in Estonia this week for alleged wire fraud and money laundering. Sergei Potapenko and Ivan Turõgin, the creators behind HashFlare, were charged by the US District Court in Seattle for reportedly running a cryptocurrency fraud scheme and scamming investors.

Authorities in Estonia have arrested two men on suspicion of defrauding $575 million (roughly Rs. 4,700 crore) from hundreds of thousands of people, police said on Monday. The joint operation involved more than 100 police officers, including around 15 US federal agents. According to a statement by the authorities, "invited people to invest in their...

Police have registered a case against 19 members of a family in Maharashtra's Thane for allegedly duping a man and his brother of Rs 1.17 crore under the pretext of high returns on investment in a cryptocurrency scheme, an official said.

This week, cyber criminals breached content creator Ranveer Allahbadia’s handles on YouTube, replaced related logos and images with those of Elon Musk and Tesla, as well as deleted all of the videos that were published on the pages. The channels started promoting a crypto fraud scheme, for hours before YouTube restored access to Allahbadia.

WazirX estimates that Zettai may take at least six months to stitch up a scheme, which if approved by the creditors and sanctioned by the Singapore Court, “would be legally binding on all relevant parties, including Zettai.” The platform needs this time to finalise the terms and conditions of this financial restructuring scheme.

A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.

Elon Musk’s popularity in the crypto circle is becoming a dangerous threat for crypto investors, especially for ones who take the billionaire’s market commentary rather seriously. In a fresh incident, Musk’s identity was misused to promote a fake crypto scheme on the YouTube channel of Australia’s Channel Seven .

The Economic Offences Wing (EOW) of Odisha has arrested the Country Head of "Yes World Crypto Token," namely Sandeep Choudhary (40) from Jaipur. Choudhary is a native of Rajasthan's Jhunjhunu. The case was registered on October 16 under sections 420, 467, 468, 471 and 120-B of the Indian Penal Code and sections 4, 5 and 6 of the Prize Chits and Mon...

A man has been arrested from Kolkata for allegedly duping people under the pretext of doubling their money in a cryptocurrency scheme, a Mumbai Police official said on Saturday.

In order to offer the next advanced safety solutions for digital assets, Cryptosat and Dfns have come together to create a ‘Space Wallet’. The Space Wallet will use an ‘innovative threshold signature scheme’ to offer an improved security against financially damaging attacks.

Apple could soon launch a Mixed Reality (MR) device in the next three weeks and the arrival of the headset could boost the value of metaverse related tokens, according to an independent blockchain developer. Apple is rumoured to launch a wearable Reality Pro headset at its Worldwide Developers Conference (WWDC) next month, but the company is yet to...

Elon Musk asked a US judge on Friday to throw out a $258 billion (roughly Rs. 21,20,200 crore) racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla called the lawsuit by Dogecoin investors a "fanciful...

The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.

A Falcon 9 rocket from Elon Musk’s SpaceX released Crypto1 satellite from the Cryptosat team into the Earth’s orbit on January 3. Like its predecessor, this satellite is aimed at powering cryptographic, blockchain and ledger applications. The physical accessibility of satellites makes them a secure point-of-information storage, that guarantees ...

US prosecutors say former FTX Chief Executive Officer Sam Bankman-Fried engaged in a scheme to defraud FTX's customers by misappropriating their deposits to pay for expenses and debts.

Founders of the Bitcoin cloud miner platform HashFlare were arrested in Estonia this week for alleged wire fraud and money laundering. Sergei Potapenko and Ivan Turõgin, the creators behind HashFlare, were charged by the US District Court in Seattle for reportedly running a cryptocurrency fraud scheme and scamming investors.

Authorities in Estonia have arrested two men on suspicion of defrauding $575 million (roughly Rs. 4,700 crore) from hundreds of thousands of people, police said on Monday. The joint operation involved more than 100 police officers, including around 15 US federal agents. According to a statement by the authorities, "invited people to invest in their...