FindYou Coin: The Anti-Scam Scam Coin
The road to hell is paved with good intentions, goes the proverb, and perhaps FindYou Coin began with genuine good intentions. But given the amount of disappointed people and the absolute silence of the developer - who created a BitCoinTalk account expressly for the purpose of announcing FindYou Coin - it is unlikely. We are all fed up with scamers [sic]. We want to see their faces, and some of them behind bars. Let's put a bounty dedicated to those who are willing to conduct an investigation. I decided to create this coin with a sole purpose to raise such a bounty as a reward for the....
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The US Department of Justice charged Mining Capital Coin’s senior executive officer with conspiracy to commit a $62 million crypto investment scam. According to the DOJ complaint, Luiz Capuci and unnamed co-conspirators deceived investors over the profit-generating potential of MCC mining packages and a native token called Capital Coin, which was backed by the “largest […]
The founder and manager of several cryptocurrency funds has pleaded guilty to luring investors to his crypto investment scam. His funds consistently lost money and his scam left investors with a $5 million loss, according to the U.S. Department of Justice (DOJ). Investors Scammed Into Investing in Coin Signals’ Funds The U.S. Department of Justice (DOJ) announced Tuesday that Jeremy Spence (aka Coin Signals) has pleaded guilty in a fraudulent cryptocurrency investment scheme. Spence “solicited over $5 million from more than 170 individual investors for various cryptocurrency....
UPDATE: It has been confirmed that USBcoin will be deleted from the Bittrex exchange. Bittrex also announced the creation of the aforemention Scam Coin bounty, which will be community run. They also plan to implement a community driven vetting process and increase their internal security on false positives. USBcoin gained some popularity for supposedly having an extremely short PoW stage before switching to a pure PoS model, there was also an alleged USB stick functionality that was designed to keep your coins safe. Or at least that was the story. The coin gathered enough popularity to be....
A reader wrote in to CCN, concerned about what is an obvious scam to a veteran Bitcoiner, but might actually rope new folks in with ease. The concerned reader wrote: Basically they are building a pyramid scheme (sorry, I mean binary member system), where you can buy in and get some hashing power from their cloud mining service. Also they claim, that they will release a new cryptocurrency (S-Coin), which only they will be mining. More absurdly - when the coin comes out, they claim that it will have a value of 1€ and after some time even more. Also the rewards for members are extravagant....
Want a coin that's also a fertilizer? Uro is a coin claimed to be pegged to urea production, and urea is a fertilizer used for over half the world's food production. Please be sure to read: The Dirty Bits after the interview as this may be a major scam coin. Be sure to do your homework. I interviewed Uro's Currency Development Officer, Bohan Huang, about the benefits of Uro. Exclusive Interview with Uro's CDO. Market Cap: $2 Million USD on 17 July 2014 according to coinmarketcap.com. Maximum coins issued: 1 Million in the first 6 months, then 100,000 per year thereafter. Hash algorithm:....