Tag: Crypto Fraud

  • Ramil Palafox Faces $198M Crypto Fraud Allegations

    Ramil Palafox Faces $198M Crypto Fraud Allegations

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    Oscar

    The US Securities and Exchange Commission (SEC) has accused Ramil Palafox, founder of PGI Global, of orchestrating a $198 million crypto fraud scheme. Lavish spending, false promises, and widespread investor losses are at the centre of the scandal that unfolded between 2020 and 2021. Fraudulent Scheme Behind PGI Global According to the SEC, PGI Global…

  • Montana Tackles Rising Crypto Scams Amid $12.5B Fraud Crisis

    Montana Tackles Rising Crypto Scams Amid $12.5B Fraud Crisis

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    Oscar

    As cryptocurrency scams surge across the United States, Montana is stepping up its efforts to combat digital asset fraud. With $12.5 billion lost to scams nationwide in 2024, the state is introducing measures to protect vulnerable residents and curb financial exploitation. A Warning from Montana’s Securities Commissioner Montana Commissioner of Securities and Insurance James Brown…

  • New York Proposes Strict Bill to Combat Crypto Fraud

    New York Proposes Strict Bill to Combat Crypto Fraud

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    Oscar

    New York lawmakers are taking a bold step to curb crypto fraud with a newly introduced bill targeting rug pulls, private key theft, and lack of transparency in token ownership. Assembly Bill 6515, sponsored by Assembly member Clyde Vanel, seeks to establish strict penalties for deceptive practices in the digital asset space. Crackdown on Rug…

  • Agentine President Denies Crypto Fraud Allegations Amid $Libra Scandal

    Agentine President Denies Crypto Fraud Allegations Amid $Libra Scandal

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    Oscar

    Argentine President Javier Milei is facing fraud allegations after his social media post about the cryptocurrency $Libra triggered a sharp rise and crash in its value. Many investors suffered heavy losses, leading to accusations of a “rug pull” scheme. A federal judge will now decide whether the case against Milei will proceed. The $Libra Controversy…

  • Revolut Enhances Crypto Fraud Protections With Advanced Security Measures

    Revolut Enhances Crypto Fraud Protections With Advanced Security Measures

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    Oscar

    Fintech giant Revolut is set to launch enhanced fraud protection for crypto users with the rollout of Revolut Pay’s advanced security features in early 2025. This development promises a safer payment ecosystem for crypto transactions, reducing exposure to fraudulent attacks and scams. Addressing Limited Protections in Crypto Payments Currently, crypto users face heightened risks due…