As the months passed, the man's investments escalated, reaching as high as $2.1 million in a single transaction. Tragically, the funds never went into the promised investments but instead were siphoned off to the scammer's own cryptocurrency wallets.
DavinAuthorities are taking note of crypto scams and potential ways to deal with them.
BeincryptoCryptocurrency regulation is getting more challenging in the United States following several cases of fraud and crashes of crypto-related firms.
Bitcoinist
Coinlive Crypto scams involving bogus giveaways have grown into a black market industry of sorts with several services designed to support fraudulent activities.
BitcoinistBlockchain analytics firm Nansen to launch a new portfolio tracker integrated with the rest of its features with the new acquisition.
CointelegraphBitcoinistGoogle's threat analysis team attributed the attacks to a group of hackers recruited in a Russian-language forum to sell hacked YouTube channels to the highest bidder.
CointelegraphViewers of the documentary, especially those who knew the full story, resonated with the founder's conspiracy theory of faked deaths.
CointelegraphThe SEC, CFTC and Department of Justice have settled or are hearing seven cases this year, with the suit against Ilya Lichtenstein and Heather Morgan being the most notable.
Cointelegraph