South Korea has closed the Bitcoin pyramid for $ 20 million
Source:
In February, South Korean customs violations of the exchange of foreign money for cryptocurrency. By the established rules of exchange then were $ 600 million. Now the local regulator has fined two organizers of Bitcoin pyramid, which raised over $ 20 million. This writes the .
How to invest in ICO and not lose everything
the founders of the pyramid, whose names were not disclosed, in 2015, has attracted investors from 26 billion won. The depositors, they promised high returns from investing in Bitcoin.
the Court of the city of Incheon on April 19 entrepreneurs were fined 15 and $ 8 million. Representatives of the South Korean Prosecutor's office noted that the amount recovered will ensure the payment of compensation to depositors.
Financial pyramids represent a threat to social-economic order and bear the risks for citizens.
At the same time, China discuss measures to combat the emergence of a network of financial pyramid schemes, associated with investing in cryptocurrency. April 18, police detained the founders of the national scheme, which managed to collect $ 13 million from 13 investors.
Informed the Vietnamese authorities an investigation on the Modern Tech startup, which appropriated $ 660 million. ICO Modern Tech from the beginning resembled a pyramid scheme. Investors are offered a yield of 570 per cent per annum and 8 percent of the invested amount for attracting new participants in initial offering.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
Classic Moskvich lost 10 million rubles when you try to sell bitcoins
a week ago a resident of Moscow 20 thousand dollars on the sale of cryptocurrencies. After receiving the coins in the wallet the buyer just walked away, and the seller was left with nothing. This happened in another area of the ci...
The European Parliament has voted for tougher rules for cryptocurrency trading
on Thursday, the government of Quebec the topic of Bitcoin. According to officials, the coin is not a magnet for criminals — it passes through a small part of criminal money. Members of the European Parliament are not confused. Th...
From the beginning, the organizers of the ICO has gathered $ 6.3 billion
2017 1624 ICO project worldwide $ 4 billion, analysts estimated SingularityNET. For the first four months of 2018 CryptoStream managed to attract half as much — $ 6.3 billion. This is stated in the study . the investment in ICO Fe...
As the blockchain is changing the retail sale of three real-world example
Capitalization blockchain economy by 2020, is 3.1 trillion dollars, estimated by analysts at Gartner. And all thanks to the business in 2017, the company's worldwide technology 945 million dollars, and in the next two years, their...
Taiwanese TSMC has record profits thanks to the miners
China accounts For up to 80 percent of the capacity of world mining. But the government refers to the coins negatively, so the local companies can not produce sufficient quantities of equipment. Such a policy gives the opportunity...
Pantera Capital CEO: now is the time to buy Bitcoin
In February, the wolf of wall Street investor George Belfort, the growth of Bitcoin to 50 thousand. According to him, it will happen before the first cryptocurrency collapse. The growth prospects of the coin I agree the CEO ventur...
In the footsteps of the Telegram: Bithumb will release its own token
Yesterday, the audit about the amounts of crypto-currency reserves Bithumb. According to South Korean exchange stores coins of 5.57 billion dollars. The share of own funds is around 7 percent. Things have going well for the compan...
MOE reminded about the risk of fires due to mining
Two weeks ago in Seversk apartment. Inside burned a loggia and a room, and the cause of the fire believe of a mining farm, which stood on the windowsill. Now on the topic drew the attention of the staff of the emergency services. ...
The representative of the state Duma told about the launch date of cryptorama
National cryptocurrency in Russia to discuss several months. The initiator of the conversation was Vladimir Putin, who in mid-October to create cryptool. Since then, very little has changed, but the project is not buried. This is ...
Crimea could receive its own crypto currency and stock exchange
In mid-December officials to create in the Crimea area for mining-farms. According to Oleg Morozova, the Peninsula has a chance to become one of the territories for the development of ciptofloxacin. Now a theory criticized, but it...
What's the real reason for blocking Telegram and how this is related to cryptocurrency
Monday Roscomnadzor actively trying to block Telegram, but while it turns out badly. According to Pavel Durov, the Federal service covered 18 million IP addresses, but the messenger is still available. As journalists found out, th...
The Chinese police have uncovered a Scam in cryptocurrency $ 13 million
In the middle of the month a resident of Moscow 20 thousand dollars while trying to sell coins. He sent money to the purse, but did not receive anything in return — the buyer just walked away. In China, the scale of the fraud much...
The audit revealed the amounts of cryptocurrency reserves exchange Bithumb
the Largest cryptocurrency exchange in South Korea Bithumb published the results of the first audit of the company. Document talked about the number of employees and shareholders. But the most interesting — the amount of reserves ...
Saxo Bank experts promise to restore the cryptocurrency market in the second quarter
on Tuesday, the analysts, the growth rate of Bitcoin this week. According to Michael Mashchenko, price 20 thousand dollars does not seem unrealistic. Now the good news shared by the experts of the investment Bank Saxo Bank, which ...
Kraken CEO: we will not respond to the request of the Prosecutor's office in new York
Yesterday, the Prosecutor's office in new York about the desire to test 13 of the cryptocurrency exchanges. Along with this, staff sent out a questionnaire with questions about the struggle of the companies with the manipulation o...
The government of Quebec: Bitcoin is only a small part of criminal money
money Laundering and other criminal activity only 1% from all transactions with Bitcoins. This is stated in the research of analysts FDD and Ellicit. The first cryptocurrency really is not a magnet for criminals. The reason for th...
Japanese police arrested 12 people for buying bitcoins for counterfeit money
early In the week, gangsters in Taiwan in miner, who was unable to provide sufficient profitability of their investment in mining of Bitcoin. The man received seven bullet wounds, and arrested the criminals. Now the Japanese polic...
The owner of a startup Savedroid ran off with investors ' money after ICO
In early April, the Commission on securities and exchange Commission (SEC) owners ICO-Centra Tech startup in the theft of 32 million investors. According to the regulator, the company gave the investors the impossible promises, th...
Top Manager left wall Street for positions in Coinbase
In March, the analysts VI Company vulnerability in the code of the Coinbase exchange, which allows a customer to charge an unlimited amount of coins Ethereum. The site has already fixed the problem and reset wallets sly users. Now...
The IMF stresses the importance of international cooperation to control cryptocurrency
Yesterday, the head of the IMF about the advantages of cryptocurrency. According to Christine Lagarde, coins allow you to quickly send funds anywhere in the world and in addition will improve the balance in the financial ecosystem...
Comments (0)
This article has no comment, be the first!