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Scams & Controversies Category - Page 3

A major South American Bitcoin exchange may be going down in São Paulo, Brazil
A company named STM Investimentos (aka STM Operações) which ran a Bitcoin investment fund and the STMBit Exchange has stopped all payments, quit taking calls and investors are f...
ELI5 What was Oasis Mining?
Oasis Mining was an initiative by former crew from OALend Coin (OACCOIN). The core business idea was to raise money via crowdfunding (ICO) in order to produce cryptocurrency mi...
The complete guide to Bitcoin and altcoin hacks [Part 1]
Perhaps you'd be surprised to find out that Bitcoin has been hacked in the past? Millions of fake Bitcoins were minted out of thin air and injected into the blockchain. Even th...
ELI5 USI Tech / Eyeline Trading / Wealth Boss. Scam? Ponzi? What’s the deal?
USI Tech was a MENA region (UAE-based) cryptocurrency exchange which has been accused of operating a ponzi scheme. As of this writing, USI Tech's website is unreachable. There ...
ELI5 The Realistic Signals Group scandal [CryptoFrank] [RSGTrollboxx]
On July 2, 2020, a user by the pseudonym J.P. (abbreviated to preserve his identity) posted a short message to Realistic Signals Telegram group: According to JP, a certain ...
Brock Pierce scandal, background and net worth [EOS cryptocurrency]
The so called Brock Pierce scandal became a WWW sensation after it was mentioned by comedian John Oliver in an episode of Last Week Tonight. Following the scandal, Pierce had t...
Is BAT (Basic Attention Token) token a Ponzi scheme?
If you've been following recent cryptocurrency news, then you probably know that Coinbase Pro has listed Basic Attention Token (BAT). While the price has nearly doubled in the ...
2010 Bitcoin and Altcoin Hacks [Part 2]
This article is part of our complete guide to Bitcoin and altcoin hacks. Here we cover Bitcoin and altcoin security incidents from the year 2010. The Great Bitcoin Hack We'l...
ELI5 The iDice [ICE] Scam
iDice was an ICO scam from 2017 which promised to develop a cryptocurrency gambling platform. The iDice smartphone application would allow users to bet in several gambling moda...