Articles in Category CRIME

In light of the ongoing power shortages in Iran, the Iranian government has announced a reward scheme for individuals who report illegal crypto mining operations.
Robert Garcia - August 15, 2024
In light of the ongoing power shortages in Iran, the Iranian government has announced a reward scheme for individuals who report illegal crypto mining operations.

Iran is taking steps to tackle illegal cryptocurrency mining as the country battles power shortages caused by a severe heatwave. The government is offering cash rewards to citizens who report unauthorised crypto-mining activities, with payments of up to 1 million toman (approximately $24) per tip, according to a report from Iran International.

CRIME
NEWS
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An $11 Billion Crypto Scam Linked to Cambodia's Elite
Linda Brown - July 11, 2024
An $11 Billion Crypto Scam Linked to Cambodia's Elite

A recent investigation has unveiled a massive crypto scam operation, allegedly tied to Cambodia's ruling family. Huione Guarantee, an online marketplace, is reportedly facilitating crypto scam software and money laundering services, according to blockchain analytics firm Elliptic.

CRIME
NEWS
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The Rise and Fall of BitConnect: Exploring One of the Biggest Ponzi Schemes in the Crypto World
Robert Garcia - July 7, 2024
The Rise and Fall of BitConnect: Exploring One of the Biggest Ponzi Schemes in the Crypto World

In the fast-paced world of cryptocurrency, where fortunes can be made and lost in the blink of an eye, the story of BitConnect stands out as a cautionary tale. Once hailed as a revolutionary platform promising extraordinary returns, BitConnect's rise and subsequent fall revealed the dark side of crypto investments, ultimately exposing it as one of the largest Ponzi schemes in the crypto world.

CRIME
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