A Chinese pyramid scheme called PlusToken has managed to gain notoriety as a significant factor influencing Bitcoin’s price. Just recently, a hefty bunch of 11,999 BTC from its wallet started moving, putting the watchful members of the community on high alert: an en masse sell-off of this much Bitcoin wouldn’t be a good thing for […]
Disclaimer: ForkLog is not engaged in any exchange services and does not provide any trading consultations. The list of ForkLog’s social media is available on the official website. Scammers name-steal ForkLog’s brand to deceive our readers and trick users out of their money. They do not only mislead regular users but even top managers of […]
There is no shortage of coins and tokens in the crypto-industry. How many of them are any good is the question.
Recently, we’ve published an investigation into a large-scale Ponzi-scheme called OneCoin. The scheme had its branches in several different countries across several continents, defrauding people of billions of dollars.
On December 9, 2018, in the Indian city of Jaipur QudrigaCX CEO Gerald Cotten (30) allegedly died of cardiac arrest. He was reported to have suffered from Crohn’s disease and on the day of his death turned out to be the only holder of private keys to cold wallets with QuadrigaCX’s users’ assets worth $137 […]
There are important lessons that go by with seemingly minuscule effects. The legendary MMM, a pyramid scheme orchestrated by Sergei Mavrodi in the 1990s, is one of them. The post-Soviet countries of the period were somewhat of a Wild West. The opportunities were huge, but not everybody was in a position to seize them. Those […]
Many OneCoin investors still believe they are taking part in the global financial revolution. Despite a slew of arrests and serious allegations mounted against the organizers of the scheme, they continue to invest, oblivious to any criticism. What started as just another Ponzi scheme has eventually evolved into the largest scam of the decade and […]
In mid-July 2019, the website of the Irish bitcoin exchange Bitsane launched in late 2016 suddenly became empty, all social media accounts were deleted, and the assets of almost 250 thousand users disappeared along with the team. The administration bravely ran away.
BiteBTC, a little-known cryptocurrency exchange allegedly based in Singapore, has halted withdrawals and is blocking clients’ accounts, several affected users told Forklog.com. A similar warning was also posted by CoinMarketCap.
As of October 1, KIBO has been running its ICO having raised Ethereum-denominated equivalent of $3 million so far. During this time, ForkLog received numerous letters from our readers pointing out about the project’s dubious reputation and going as far asÂ accusing the platform’s creators of being downright scammers.
Online scams and fraud are increasing every day and, sadly enough this activity often includes cryptocurrencies. Moreover, fraud is not about the darknet only, one can be cheated on trusted sites like eBay as well.