Tag: Ponzi

Josh Garza Sentenced to Prison and Fined $9M over GAW & Paycoin Scam

News U.S. Attorney’s Office District of Connecticut has introduced Homero Joshua Garza (Josh Garza) has been sentenced to “21 months of imprisonment, followed by three years of supervised release, the first six months of which [Mr. Garza] must spend in home confinement, for his role in his companies’ purported generation and sale of virtual currency.” […]

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$46 Million of Ether is Locked in a Pair of Ponzi Dapps

Games The ethereum system has yet another set of smash hit dapps. The decentralized software have been shown to be a viral victory within the last week, amassing more trades than IDEX and accruing seven-day trading quantity 180,000 ETH. There’s only 1 problem: the two dapps are ponzi schemes where nearly everyone who plays can […]

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Bitcoin as Lifeline Amid Crushing Devaluation, Extreme Poverty, Sectarian Violence in Nigeria

Economics The scrappy residents of Lagos, Nigeria are merchants and can-do survivors nearly by nature. Their authorities, nevertheless, has mismanaged the nation’s cash to such a level that it’s susceptible to wild devaluation swings. And whereas an argument might be made bitcoin too is risky, it really isn’t comparatively. With entry to peer-to-peer exchanges akin […]

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Vietnam Investigates ICO Fraud After $660 Million in Losses Reported

Investors in 2 supposedly fraudulent preliminary coin offerings (ICOs) based on the offices of the business behind both of these weekend. As much as $660 million might have been dropped as a consequence of the approaches – Ifan and Pincoin – although these figures couldn’t individually be confirmed as of press time. Yet the demonstration […]

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