The FBI has recently published in its website that they’re currently looking for the victims of the Bitconnect scheme to help with their investigation. FBI explains in the website, “The entire market for BCC crashed in late January 2018, after two U.S. state-level securities regulators issued public letters warning investors of the Ponzi-type nature of Bitconnect.”
Complaints against a cryptocurrency mining platform ‘CryptoMining.Farm’ has been filed in Bangkok Thailand which has affected 30 people with fake promises of getting a high return from their investment. Thai’s authorities believed that approximately 140 people are in the actual victim of the cryptocurrency scam although only 30 people have made the complaint to the Technology Crime Suppression Division.
The Texas State Securities Board have recently entered 16 administrative orders for 16 cryptocurrency scams. The state regulator then confirmed, “The emergency action effectively shut down the scam, as BitConnect almost immediately lost 99% of its market capitalization of $2.6 billion. None of the individuals or firms was registered to sell securities in Texas.”
The Chinese authorities have busted a gang of cryptocurrency scammers in the Jian’an District of Xuchang City which have confiscated up to $193 million. They said that, “The main suspects are hiding outside the country, remotely manipulating the network platform, using high returns as a bait, and developing a large number of off-line personnel to engage in pyramid schemes.”
A warning has been issued by the Malta Financial Services Authority (MFSA) regarding the new bitcoin scam called the “Bitcoin Revolution”. Local celebrity have been used without permission to promote the bitcoin scam then he commented, “Please note I have nothing whatsoever to do with this, I have never engaged in such tradings, never did I authorize or approve of such material being published or advertised.”
The Taiwan authorities have successfully captured fifteen suspects for allegedly involved in cryptocurrency scam worth of $8 million. According to authorities, the suspects have promoted IBCoin which the usages have been banned in Taiwan. Li Chi-Hsun, the Criminal Investigation Bureau (CIB) confirmed, “there are currently no known companies that trade or deal in IBCoins.”
The Belgian authorities on their black book which contains blacklisted website that is alleged to be cryptocurrency scam now in a total of 113 sites. The Belgian’s FSMA then warned regarding the cryptocurrency scam, “You are told that your funds can be withdrawn at any time — In the end, the victims find themselves unable to recover their money!”
The AriseBank CEO Jared Rice was accused by the FBI for his involving in a cryptocurrency scheme and cheating nearly hundreds of investors. The official misled the investors claimed that the AriseBank is the ‘first decentralized banking platform.’ He also falsely emphasized that the company has managed to raise $600 million within a few weeks of its ICO.
The Prime Minister of New Zealand, Jacinda Ardern has been used by a cryptocurrency scammer as a fake endorsement to attract potential investors. The spokesperson of the Prime Minister office has confirmed that the image of the Prime Minister was used by a cryptocurrency start-up on a social media network to persuade the residents in the Asia Pacific regions.
The residents of Melbourne have been warned by the Victoria Police regarding bitcoin scam which is currently growing in number. The Victoria Police commented referring to bitcoin scam, “The victims are directed to take money from their bank account and then travel across the city to Braybrook where a bitcoin ATM, one of a very limited number in Melbourne, is located.”