Bitcoin Bull John McAfee Accused Of Shilling Sham ICO After Charging $500,000 A Tweet

Bitcoin bull John McAfee is accused of promoting a sham initial coin offering by a group called Pink Taxi, which allegedly stole intellectual property from a blockchain-based taxi platform called A2B Taxi Token. The controversy erupted on May 17, after McAfee promoted an ICO for Pink Tax Group Ltd. U.K. on Twitter. “I am advising and

The post Bitcoin Bull John McAfee Accused Of Shilling Sham ICO After Charging $500,000 A Tweet appeared first on CCN

Texas Shuts Down ICO that Used Fake Jennifer Aniston Endorsement

The Texas State Securities Board has shut down an initial coin offering (ICO) that it claims used fake endorsements from Jennifer Aniston and other celebrities to fraudulently promote its token sale. Filed on Wednesday, the emergency cease-and-desist order alleges that — in addition to illegally peddling unregistered securities — Wind Wide Coin used photographs of

The post Texas Shuts Down ICO that Used Fake Jennifer Aniston Endorsement appeared first on CCN

‘HoweyCoin’: SEC Trolls Crypto Fraudsters with Fake ICO Campaign

In a landmark embrace of technological innovation, the US Securities and Exchange Commission (SEC) has announced that it will issue its own cryptocurrency – HoweyCoin – through an initial coin offering (ICO). Okay, that’s not actually true, but the agency has constructed a clever campaign intended to teach investors how to identify ICO scams –

The post ‘HoweyCoin’: SEC Trolls Crypto Fraudsters with Fake ICO Campaign appeared first on CCN

Gotcha? Savedroid Says ‘Exit Scam’ Stunt is Lesson to Crypto Community

It turns out that Savedroid’s “exit scam” was actually a bizarre publicity stunt. As CCN reported, the German startup — which had raised as much as $50 million through its initial coin offering (ICO) and external funding rounds — appeared on Wednesday to have initiated an exit scam. The Savedroid website was replaced by the

The post Gotcha? Savedroid Says ‘Exit Scam’ Stunt is Lesson to Crypto Community appeared first on CCN

‘Over and Out’: $50 Million Savedroid ICO Makes Apparent Exit Scam

The founders of cryptocurrency startup Savedroid appear to have exit-scammed investors following the conclusion of its initial coin offering (ICO). On Wednesday, the website for the German company unexpectedly went offline and has since been replaced by a single image — the “Aannd It’s Gone” meme, which first originated on South Park. And in case

The post ‘Over and Out’: $50 Million Savedroid ICO Makes Apparent Exit Scam appeared first on CCN