Tag Archives: Scheme

A Washington state grand jury has indicted a pastor on 26 counts of fraud for allegedly stealing from more than 1,500 investors through the sham crypto scheme Solona Fi — which supposedly came to him “in a dream.” The Justice Department said on Jan. 9 that Francier Obando Pinillo was arraigned at a federal court in Washington for allegedly using …

The UK Treasury has amended a law clarifying that crypto staking — necessary for proof-of-stake blockchains such as Ethereum and Solana — doesn’t fall under the definition of a “collective investment scheme,” which is typically heavily regulated.  A Jan. 8 order from the department amends a section of The Financial Services and Markets Act 2000 about group investments, adding that …

A new crypto scam appears to be flipping the script on thieves. By publicly sharing seed phrases, scammers set up bait wallets that entangle opportunists in a deceptive scheme designed to exploit their attempts to steal funds. According to cybersecurity firm Kaspersky’s latest findings, scammers post crypto wallet seed phrases on YouTube comments using newly created accounts. Initial Bait The …