Coinatory

The company behind the USDT, in fact, recognizes that it conducts banking operations with partial coverage, and possibly issues money backed up by liquidated or falling assets. Tether again deals with its fraud. Very quietly, without trying to draw attention to this, the company changed part of the text on its website. Instead of stating that each USDT token is supported by dollar reserves in a 1: 1 ratio, a moment that has always been in doubt, because they did not allow for proper testing — now Tether writes on their official website: Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by T ... Read more about " What is Tether doing now? " on coinatory.com

It seems obvious for most of us, but it is worth repeating again and again: current financial system is terrible and cryptocurrencies can grant us with the financial freedom. This is their main point and the main reason for them to exist. This short explanation of our current situation should be shared with as many people as possible. Daily story You work for long four weeks - until your bones start to ache from fatigue. You spend sleepless nights on your projects or tasks so that you are already unwell. For what? In order to get the long-awaited salary. However, the sad truth is that not you, but your bank received your salary. We are always dependent on banks and on the money we earn, although it should be the other way around ... Read more about " The banking system is a fraud! " on coinatory.com

The founder of Sirin Labs and the creator of the blockchain phone, Moshe Hogeg, lost a lot of bitcoins when trying to make a cryptocurrency transaction. Hogeg was going to buy Grin coins for bitcoins, however he lost his money by contacting OTC-service for cryptocurrency trading. Communication with the seller of Grin was established through Telegram, and Hogeg tried to coordinate the terms of the deal. Interestingly, the coin seller was recommended to Hogeg as a "confidant". At that moment, even having doubted the deal, Hogeg insistently requested the amount of coins that he should have been sent. Hogeg wanted to make sure the seller had the amount of Grin he was looking for. After the seller fulfilled his requests, Hogeg sent ... Read more about " Founder of Sirin Labs, Moshe Hogeg lost a “significant” amount in bitcoins " on coinatory.com

Recently, the new Arbitrade company hit the news headlines, intending to open a trading platform for cryptocurrency and gold in Bermuda. However, Ken Griffith, head of Solidus Limited Bermuda, which has more than twenty years of experience in the gold and cryptocurrency sector, finds the project suspicious and warns the public. It is reported that Arbitrade crypto token will be provided with gold reserves stored in Dubai, the owner of which is the American company Scotia International with headquarters in Nevada. Since 1996, several legitimate gold trading sites have emerged, including gold trading paired with bitcoin: goldmoney.com, vaultoro.com, bullionvault.com, etc. However, several dozen fraudulent projects arose over the same ... Read more about " Arbitrade ICO has signs of fraud " on coinatory.com

On November 9, the Austrian Financial Market Supervision Authority (FMA) warned retail investors about the negative consequences of using Bitcoin Profit"s “trading service”. According to the regulator, Bitcoin Profit conducts unlicensed activities. Currently, the website of the company that used to provide these services is not working, and therefore it is difficult to determine how many people in Vienna were involved in this illegal trading. At the same time, the owners of Bitcoin Profit advertised their service via the Internet for almost six months. Reading the fake “reviews” left by “happy” clients on different sites, you might think that the company really offers users access to a cryptocurrency platform. In one of the ... Read more about " Austrian FMA warned of the dangers of “trading service” Bitcoin Profit " on coinatory.com

Bulgarian law enforcement authorities arrested a group of officials on suspicion that they were selling passports to Ukrainians and Moldovans for bitcoins. As reported by The Mice Times of Asia resource, at the request of the Prosecutor General"s Office were detained the head of the State Agency for Bulgarian Affairs abroad, Peter Haralampiev and his assistant Marco Stojov. They are accused of fraud with issuing passports to citizens of Ukraine, Moldova and Macedonia. Bulgarian Prosecutor General Ivan Geshev said: Peter Haralampiev and Marco Stojov were arrested for fraud in issuing Bulgarian passports to citizens of Macedonia, Moldova, Ukraine. The police confirmed the existence of evidence that citizens of these countries ... Read more about " Officials selling passports for bitcoins got arrested in Bulgaria " on coinatory.com

The New Zealand Financial Markets Authority added three allegedly fraudulent projects to its “warning list” for investors, according to Crypto Globe. This time, the authorities called on the public to stay away from companies Cryptogain, Russ Horn and Zend Trade. These startups have been included in the “Suspected Scam” section. The regulator comments: “We believe that there are signs of fraud in the activities of these companies or people. We strongly advise you not to deal with them. ” The full blacklist can be found here. CryptoGain reminds BitConnect fraudulent project, promising investors a huge daily profit. The site CryptoGainLimited.com promise 2.6% per day. In addition, the company offers cloud mining packages (with a weekly ... Read more about " The New Zealand regulator warned against three cryptocurrency scam projects " on coinatory.com

Users of Oyster (PRL) cryptocurrency on October 30 sounded the alarm in social networks, suspecting that the founder of this project, acting under the pseudonym Bruno Block, deceived investors. This is reported by the Blockchain Reporter. In the official telegram channel of the project, the administrators placed the message: “We can confirm someone has taken control of the Smart Contract. Do NOT BUY ANYTHING. We are waiting for more information and also trying out best to close KuCoin’s trading right now!” Someone controlling the smart contract released and immediately sold 300,000 tokens, rescuing about $300,000. It seems that the attacker deliberately began to operate at night when employees of the KuCoin exchange, the largest tradi ... Read more about " Anonymous Founder of Oyster Pearl is suspected in exit scam with $300,000 " on coinatory.com

New York federal court fined hedge fund Gelfman Blueprint Inc along with its CEO Nicholas Gelfman for $ 2.5 million. According to local media, the fund organized a Ponzi scheme, that is, a fraudulent scheme, according to which customers are promised high returns and minimal risk. According to the information on the company"s website, in 2015, the fund had 85 customers. The fund managed a total of 2367 bitcoins. Last September, the US Commodity Futures Trading Commission (CFTC) already accused Gelfman Blueprint Inc of fraud and found ... Read more about " Bitcoin fund fined $2.5 million " on coinatory.com

In October 2017, the department for the investigation of economic crimes of the Mumbai police (EOW) announced the search for the founder and sole director of ATC Coin Subhashchand Jewria, who was suspected of creating a cryptocurrency fraudulent scheme. According to the investigation, Jewria registered the company ATC Coin in the UK in March 2017 with a paid-in capital of one pound sterling, declaring its intention to create the ATC Coin cryptocurrency. He promised investors that after 12-18 months, it will be traded on the stock ... Read more about " The perfect crime: money stolen, but nobody complains " on coinatory.com

According to reliable information available to Group-IB Threat Intelligence, since the very beginning of the year, the number of hidden mining software offers in Darknet increased in five times. "The use of computer processing power or infrastructure for cryptocurrency mining without the consent or the knowledge of the owner remains, as before, a relatively popular way of enrichment, despite the smooth tendency to reduce the number of incidents associated with this type of fraud," the company emphasized. The company"s message says that ... Read more about " Darknet: the amount of hidden mining software offers increased in five times " on coinatory.com

In its annual report on financial fraud, the Australian National Consumer Regulator indicated that fraudulent use of crypto-currencies last year caused Australian losses of more than 2.1 million Australian dollars. The Australian Commission on Competition and Consumer Protection (ACCC) on Monday published a document according to which the total loss of Australians amounted to $ 340 million, of which 200,000 people suffered from fraud - both figures are a kind of a new record in this area. The fraud related to cryptocurrencies, relative ... Read more about " Australian regulator noted a new record of fraud in the field of cryptocurrency " on coinatory.com