Top-10 cryptocurrency scam list 2019

[Efs 164]

10. The scandal with Kraken flash crash

Kraken, a noteworthy Bitcoin exchanging stage, encountered a flash crash that made the cost of the digital money abruptly fall from $8,400 to $75.

Not long after, the cost settled again and many didn’t even notice it. It was essentially thought of like a glitch in the framework. In any case, an investigation from CipherTrace proposes that the accident was brought about by a hack.

As indicated by CipherTrace’s examination, the hacker compromised the account of a client with a lot of digital currency and took 1200 BTC, which was worth more than $10 million at the time.

9. Israeli fraudsters

As indicated by CipherTrace, two siblings from Israel were captured on June 21 for an alleged phishing trick that went on for a long time.

In this time, the Gigi brothers, Eli, 31, and Assaf, 21, are claimed to have taken over $100 million in digital money.

The crypto scammers are claimed to have baited investors from crypto trading forums, for example, Reddit onto sites that mimicked prominent crypto exchanges.

8. XRP worth $10 mln stolen from GitHub

Programmers had the option to snatch around $10 million worth of XRP from GateHub clients in June this year. Gatehub made a preliminary statement on June 6, uncovering that the cybercriminals had the option to steal money from 100 XRP Ledger wallets.

While the organization is as yet researching how it could have occurred, all the wallet holders were reached and more than 500,000 XRP (worth $200,000) has been recovered so far.

7. $18.7 mln Stolen in a South Korean Ponzi Scheme

Specialists from South Korea have applied AI components to reveal a multimillion-dollar Ponzi plot that swindled more than 56,000 financial specialists. The investors were mostly new to crypto exchanges, with the larger part being in their 70s. The unlisted M-token was guaranteed to bring 600%, which is the thing that baited users in.

This case demonstrated the handiness of AI for crypto agents. The calculations were prepared to recognize watchwords identified with unreasonable guarantees and individuals’ motivating force plans, which are run of the mill of staggered showcasing. This innovation has the potential for a more extensive application.

6. $27 mln “typosquatting” trick in Europe

This year, news covers featured the following heading: “Six captured in UK and Netherlands over $27 million “typosquatting” trick. The six people took Bitcoin tokens of about 4,000 people.

The individuals who were associated with a Bitcoin trick worth $27 million were captured in June, as indicated by a Europol official statement. Following a multi month-long joint examination, specialists all the while captured five men and one woman at their homes in southwest England and the Dutch urban communities of Amsterdam and Rotterdam.

The robbery influenced more than 4,000 exploited people, who were spread out in 12 distinct nations.

Europol said the examination revolved around “typosquatting”, a strategy which involves making a fake digital currency exchange to access users’ Bitcoin wallets. The examination was completed as a joint activity by the UK South West Regional Cyber Crime Unit (SW RCCU), the UK’s National Crime Agency (NCA), and the Dutch police.

Pay attention to typosquatting websites!

5. $30 mln stolen in a Canadian ICO Fraud

K.P. Hobbs and L.A. Cheng, a couple from Canada, are confronting a claim from the B.C. Common Forfeiture Office in Canada being accused of raising $30 million through an ICO fraud.

They propelled one of the most notorious cryptocurrency scam coins, FUEL token, and they persuaded investors that it would be utilized for future items and develop in utility and price. The activity finished with the appropriation of investors’ assets for individual use, including luxury expenses, for example, obtaining of a townhouse in Coal Harbor, the acquisition of two Range Rover SUVs, and a multi-million dollar gambling spree.

4. $40 mln Stolen in Binance hack

Our crypto scam list wouldn’t be full without mentioning this notorious case. Binance, one of the world’s biggest digital money exchanges, had BTC worth $40 million stolen in May.

While it is exceptional to see a platform like Binance get hacked, the cybercriminals managed not only to take 7,000 BTC but also revealed two-factor confirmation codes and API tokens. Binance likewise uncovered that the programmers had the option to compromise “exceptionally high net-worth accounts”.

In spite of the programmers pulling off $40 million worth of BTC, the effect wasn’t extraordinary for Binance since it was just 2% of the trade’s general property.

Here are the weak spots hackers search for

In an announcement on their site, Binance expressed: “The programmers had the persistence to pause, and execute well-organized activities through numerous apparently autonomous records at the most ideal time. The exchange is organized in a manner that passed our existing security checks. Tragically we were not ready to obstruct this withdrawal before it was executed.”

3. $51 mln stolen in a Taiwanese Ponzi Scheme

In Taipei, seven men were accused of cheating more than 1,000 investors of $51 mln. Clients endowed their assets to them hoping to get 335% in yearly returns. Soon the returns ceased, and the investors ended up losing money.

This case will no doubt lead to the detainment of these men. Also, it has made the Taiwanese Cabinet acquaint corrections with the Money Laundering Control Act and the Terrorism Financing Prevention Act, so as to control direct crypto activities.

2. $71.6 mln Scammed in an Indian ICO Fraud

The start of 2019 denoted the fourth capture in the Mumbai trick case, which saw the burglary of $71.6 million. Amit Lakhanpal, the proprietor of MTC (Money Trade Coin) is associated with running a fake ICO. Indeed, it had never been recorded on any known exchange, yet this didn’t discourage investors from sharing their money – the promised profits were too alluring.

Amit Lakhanpal is associated with misleadingly inflating the cost of his tokens to pull in investors, which made them lose millions. The bitcoin scammer likewise made investors believe that the royal family of Dubai had supported his project.

Amit Lakhanpal with Salma Al Kitbi

1. $114 mln Scammed in Sofia-Based Illegal Trading Operation

The biggest crypto trading scam 2019 cost investors over $100 mln! The police of a few European countries, particularly, Germany and Austria, have revealed a criminal group operating fake binary options and crypto exchanges in Bulgaria and the Czech Republic. Clients of Optionstars, XTraderFX, Cryptopoint, SafeMarkets, OptionstarsGlobal, and Goldenmarkets were tricked in by alluring rates and inevitably lost $114 million.

These cybercriminals controlled various offshoot organizations, including a contact center and program suppliers. The police struck 21 organizations and 4 homes in Sofia before they found all the elements of the crime. In the result, the supposed mastermind behind the trick was captured, and six-figure entireties, alongside terabytes of information, were sequestrated.

[tienda 8776]

Thank you for sharing this best information about top 10 cryptocurrency scam list 2019, is very important to introduce this big information here to know anything about those tips of scammers.

[kpk333 18]

The one that stung many the most was the Binance one in my opinion. No one expected a popular exchange like Binance to get wrecked, but they did solve the issue and restored customer confidence in them.

[Sapdrx 469]

In the top 10 scams of 2019 we are already talking about more than an astonishing 400 million USD. In total the stolen money must be even more ☹️

[Alice P. Jackson 14]

Ten coins have been scammed through cryptocurrency In 2009, we hope to have 10 coins in the future and nothing like this will happen and all will run scam free.

[Migo 7946]

Thanks for these updates, to be honest, there is some news maybe we never heard about them, because crypto world is so big and he is not in here or in there, but crypto is around all of the countries in the world, I don't know these news but I am sure there is some suspicious activities in crypto world 

[bentayebsalah 2280]

It is considered one of the largest and most powerful cryptocurrency fraud and a lot of money has been stolen from investors

[Sheikh123 7]

In my opinion no one expected the FB Nai to be the most expensive, such as the destruction of popular exchanges, but they solved the problem and I think the customers' status was withdrawn.

[Juanaespinoza 139]

ohh I had no idea of several of the scams you mentioned, how terrible to suffer a robbery of that magnitude. I hope I never lose my few cryptos that I treasure. Thanks for sharing publication.

[BTC Future 3946]

The major scam that happened in 2019 was the plustoken ponzi and it's collapse in July. The scammers made close to 200.000BTC 800000ETH and a few millions of EOS and they are dumping since then. 

[RanaCaptcha7 11]

The one that stung many the most was the Binance one for my part. No one expected a popular exchange like Binance to get wrecked, however they did resolve the difficulty and restored consumer self belief in them.

[iloveyobit 6599]

This field is very wide. One of the advantages of Crypto is the decentralization and the inability to track money. This encourages theft and fraud on many people, unfortanlly .

[Whited35 15285]

All of them were the greatest scams in the history of Cryptocurrency world. Scammers had first created the platform which almost resemble the real platform. So many users from all around the world started to fall into that kind of trap due to mistake. 

[bliznec 22267]

Oh my god, there are scammers here and there. The main thing is to be in the cartridge, not in a panic. You read a lot of scam news and it gets a little bad. 

[Interface User 1070]

This Ponzi scheme is one of the popular scam that I know. I hope this list will be lessen to make crypto currency good to the eyes of public. But sometimes this kind of incident happened because of failed project and abandonment.

[CryptoMaxim 3829]

On 05.03.2020 at 20:58, JoyceKumar said:

I have read this scam list and it is surprising that they have implemented scam projects with such a large number of properties. Certainly many investors have been cheated and lost a lot of money. Keep a record of scam company names and signs of scams in order to be alert.

Usually, in such projects, the advantage may be who entered them one of the first and sold assets on time and managed to get out. Therefore, it is better not to risk investing in new projects.

[Nezar 7169]

The crypto world contains a large number of fugitive operations and methods of fraud in various forms, so we have to be very careful and pay attention to this matter so that we are not subjected to theft as these sites and projects have been exposed.

[Mohssine 1725]

This is a great topic , all of us we know than crypto world if full by scammers, and this forum you showing us the top 10 , and how this work , is really great information i take it from this perfect topic, so i will say you thank you.

[Lover840 0]

On 2/28/2020 at 8:34 PM, Efs said:

10. The scandal with Kraken flash crash

Kraken, a noteworthy Bitcoin exchanging stage, encountered a flash crash that made the cost of the digital money abruptly fall from $8,400 to $75.

Not long after, the cost settled again and many didn’t even notice it. It was essentially thought of like a glitch in the framework. In any case, an investigation from CipherTrace proposes that the accident was brought about by a hack.

As indicated by CipherTrace’s examination, the hacker compromised the account of a client with a lot of digital currency and took 1200 BTC, which was worth more than $10 million at the time.

9. Israeli fraudsters

As indicated by CipherTrace, two siblings from Israel were captured on June 21 for an alleged phishing trick that went on for a long time.

In this time, the Gigi brothers, Eli, 31, and Assaf, 21, are claimed to have taken over $100 million in digital money.

The crypto scammers are claimed to have baited investors from crypto trading forums, for example, Reddit onto sites that mimicked prominent crypto exchanges.

8. XRP worth $10 mln stolen from GitHub

Programmers had the option to snatch around $10 million worth of XRP from GateHub clients in June this year. Gatehub made a preliminary statement on June 6, uncovering that the cybercriminals had the option to steal money from 100 XRP Ledger wallets.

While the organization is as yet researching how it could have occurred, all the wallet holders were reached and more than 500,000 XRP (worth $200,000) has been recovered so far.

7. $18.7 mln Stolen in a South Korean Ponzi Scheme

Specialists from South Korea have applied AI components to reveal a multimillion-dollar Ponzi plot that swindled more than 56,000 financial specialists. The investors were mostly new to crypto exchanges, with the larger part being in their 70s. The unlisted M-token was guaranteed to bring 600%, which is the thing that baited users in.

This case demonstrated the handiness of AI for crypto agents. The calculations were prepared to recognize watchwords identified with unreasonable guarantees and individuals’ motivating force plans, which are run of the mill of staggered showcasing. This innovation has the potential for a more extensive application.

6. $27 mln “typosquatting” trick in Europe

This year, news covers featured the following heading: “Six captured in UK and Netherlands over $27 million “typosquatting” trick. The six people took Bitcoin tokens of about 4,000 people.

The individuals who were associated with a Bitcoin trick worth $27 million were captured in June, as indicated by a Europol official statement. Following a multi month-long joint examination, specialists all the while captured five men and one woman at their homes in southwest England and the Dutch urban communities of Amsterdam and Rotterdam.

The robbery influenced more than 4,000 exploited people, who were spread out in 12 distinct nations.

Europol said the examination revolved around “typosquatting”, a strategy which involves making a fake digital currency exchange to access users’ Bitcoin wallets. The examination was completed as a joint activity by the UK South West Regional Cyber Crime Unit (SW RCCU), the UK’s National Crime Agency (NCA), and the Dutch police.

Pay attention to typosquatting websites!

5. $30 mln stolen in a Canadian ICO Fraud

K.P. Hobbs and L.A. Cheng, a couple from Canada, are confronting a claim from the B.C. Common Forfeiture Office in Canada being accused of raising $30 million through an ICO fraud.

They propelled one of the most notorious cryptocurrency scam coins, FUEL token, and they persuaded investors that it would be utilized for future items and develop in utility and price. The activity finished with the appropriation of investors’ assets for individual use, including luxury expenses, for example, obtaining of a townhouse in Coal Harbor, the acquisition of two Range Rover SUVs, and a multi-million dollar gambling spree.

4. $40 mln Stolen in Binance hack

Our crypto scam list wouldn’t be full without mentioning this notorious case. Binance, one of the world’s biggest digital money exchanges, had BTC worth $40 million stolen in May.

While it is exceptional to see a platform like Binance get hacked, the cybercriminals managed not only to take 7,000 BTC but also revealed two-factor confirmation codes and API tokens. Binance likewise uncovered that the programmers had the option to compromise “exceptionally high net-worth accounts”.

In spite of the programmers pulling off $40 million worth of BTC, the effect wasn’t extraordinary for Binance since it was just 2% of the trade’s general property.

Here are the weak spots hackers search for

In an announcement on their site, Binance expressed: “The programmers had the persistence to pause, and execute well-organized activities through numerous apparently autonomous records at the most ideal time. The exchange is organized in a manner that passed our existing security checks. Tragically we were not ready to obstruct this withdrawal before it was executed.”

3. $51 mln stolen in a Taiwanese Ponzi Scheme

In Taipei, seven men were accused of cheating more than 1,000 investors of $51 mln. Clients endowed their assets to them hoping to get 335% in yearly returns. Soon the returns ceased, and the investors ended up losing money.

This case will no doubt lead to the detainment of these men. Also, it has made the Taiwanese Cabinet acquaint corrections with the Money Laundering Control Act and the Terrorism Financing Prevention Act, so as to control direct crypto activities.

2. $71.6 mln Scammed in an Indian ICO Fraud

The start of 2019 denoted the fourth capture in the Mumbai trick case, which saw the burglary of $71.6 million. Amit Lakhanpal, the proprietor of MTC (Money Trade Coin) is associated with running a fake ICO. Indeed, it had never been recorded on any known exchange, yet this didn’t discourage investors from sharing their money – the promised profits were too alluring.

Amit Lakhanpal is associated with misleadingly inflating the cost of his tokens to pull in investors, which made them lose millions. The bitcoin scammer likewise made investors believe that the royal family of Dubai had supported his project.

Amit Lakhanpal with Salma Al Kitbi

1. $114 mln Scammed in Sofia-Based Illegal Trading Operation

The biggest crypto trading scam 2019 cost investors over $100 mln! The police of a few European countries, particularly, Germany and Austria, have revealed a criminal group operating fake binary options and crypto exchanges in Bulgaria and the Czech Republic. Clients of Optionstars, XTraderFX, Cryptopoint, SafeMarkets, OptionstarsGlobal, and Goldenmarkets were tricked in by alluring rates and inevitably lost $114 million.

These cybercriminals controlled various offshoot organizations, including a contact center and program suppliers. The police struck 21 organizations and 4 homes in Sofia before they found all the elements of the crime. In the result, the supposed mastermind behind the trick was captured, and six-figure entireties, alongside terabytes of information, were sequestrated.

Yes with new technologies and more innovations the number of scammers and hackers is also increasing day by day and we must fight it back by taking all the available precaution to keep your money safe. 

[Rezort 846]

Binance hack was the worst for me because I wasn't at home when that news came out and I basically couldn't check my account if it was hacked or not, a lot of nerves.

[Laboni 755]

Thank you so much for sharing such beautiful information with us. Currently the number of scams has increased. We should all be away from the list of 10 cryptocurrency scandals 2019. There will be many benefits to business people in doing business.

[Zues 1069]

On 2/28/2020 at 11:04 PM, Efs said:

10. The scandal with Kraken flash crash

Kraken, a noteworthy Bitcoin exchanging stage, encountered a flash crash that made the cost of the digital money abruptly fall from $8,400 to $75.

Not long after, the cost settled again and many didn’t even notice it. It was essentially thought of like a glitch in the framework. In any case, an investigation from CipherTrace proposes that the accident was brought about by a hack.

As indicated by CipherTrace’s examination, the hacker compromised the account of a client with a lot of digital currency and took 1200 BTC, which was worth more than $10 million at the time.

9. Israeli fraudsters

As indicated by CipherTrace, two siblings from Israel were captured on June 21 for an alleged phishing trick that went on for a long time.

In this time, the Gigi brothers, Eli, 31, and Assaf, 21, are claimed to have taken over $100 million in digital money.

The crypto scammers are claimed to have baited investors from crypto trading forums, for example, Reddit onto sites that mimicked prominent crypto exchanges.

8. XRP worth $10 mln stolen from GitHub

Programmers had the option to snatch around $10 million worth of XRP from GateHub clients in June this year. Gatehub made a preliminary statement on June 6, uncovering that the cybercriminals had the option to steal money from 100 XRP Ledger wallets.

While the organization is as yet researching how it could have occurred, all the wallet holders were reached and more than 500,000 XRP (worth $200,000) has been recovered so far.

7. $18.7 mln Stolen in a South Korean Ponzi Scheme

Specialists from South Korea have applied AI components to reveal a multimillion-dollar Ponzi plot that swindled more than 56,000 financial specialists. The investors were mostly new to crypto exchanges, with the larger part being in their 70s. The unlisted M-token was guaranteed to bring 600%, which is the thing that baited users in.

This case demonstrated the handiness of AI for crypto agents. The calculations were prepared to recognize watchwords identified with unreasonable guarantees and individuals’ motivating force plans, which are run of the mill of staggered showcasing. This innovation has the potential for a more extensive application.

6. $27 mln “typosquatting” trick in Europe

This year, news covers featured the following heading: “Six captured in UK and Netherlands over $27 million “typosquatting” trick. The six people took Bitcoin tokens of about 4,000 people.

The individuals who were associated with a Bitcoin trick worth $27 million were captured in June, as indicated by a Europol official statement. Following a multi month-long joint examination, specialists all the while captured five men and one woman at their homes in southwest England and the Dutch urban communities of Amsterdam and Rotterdam.

The robbery influenced more than 4,000 exploited people, who were spread out in 12 distinct nations.

Europol said the examination revolved around “typosquatting”, a strategy which involves making a fake digital currency exchange to access users’ Bitcoin wallets. The examination was completed as a joint activity by the UK South West Regional Cyber Crime Unit (SW RCCU), the UK’s National Crime Agency (NCA), and the Dutch police.

Pay attention to typosquatting websites!

5. $30 mln stolen in a Canadian ICO Fraud

K.P. Hobbs and L.A. Cheng, a couple from Canada, are confronting a claim from the B.C. Common Forfeiture Office in Canada being accused of raising $30 million through an ICO fraud.

They propelled one of the most notorious cryptocurrency scam coins, FUEL token, and they persuaded investors that it would be utilized for future items and develop in utility and price. The activity finished with the appropriation of investors’ assets for individual use, including luxury expenses, for example, obtaining of a townhouse in Coal Harbor, the acquisition of two Range Rover SUVs, and a multi-million dollar gambling spree.

4. $40 mln Stolen in Binance hack

Our crypto scam list wouldn’t be full without mentioning this notorious case. Binance, one of the world’s biggest digital money exchanges, had BTC worth $40 million stolen in May.

While it is exceptional to see a platform like Binance get hacked, the cybercriminals managed not only to take 7,000 BTC but also revealed two-factor confirmation codes and API tokens. Binance likewise uncovered that the programmers had the option to compromise “exceptionally high net-worth accounts”.

In spite of the programmers pulling off $40 million worth of BTC, the effect wasn’t extraordinary for Binance since it was just 2% of the trade’s general property.

Here are the weak spots hackers search for

In an announcement on their site, Binance expressed: “The programmers had the persistence to pause, and execute well-organized activities through numerous apparently autonomous records at the most ideal time. The exchange is organized in a manner that passed our existing security checks. Tragically we were not ready to obstruct this withdrawal before it was executed.”

3. $51 mln stolen in a Taiwanese Ponzi Scheme

In Taipei, seven men were accused of cheating more than 1,000 investors of $51 mln. Clients endowed their assets to them hoping to get 335% in yearly returns. Soon the returns ceased, and the investors ended up losing money.

This case will no doubt lead to the detainment of these men. Also, it has made the Taiwanese Cabinet acquaint corrections with the Money Laundering Control Act and the Terrorism Financing Prevention Act, so as to control direct crypto activities.

2. $71.6 mln Scammed in an Indian ICO Fraud

The start of 2019 denoted the fourth capture in the Mumbai trick case, which saw the burglary of $71.6 million. Amit Lakhanpal, the proprietor of MTC (Money Trade Coin) is associated with running a fake ICO. Indeed, it had never been recorded on any known exchange, yet this didn’t discourage investors from sharing their money – the promised profits were too alluring.

Amit Lakhanpal is associated with misleadingly inflating the cost of his tokens to pull in investors, which made them lose millions. The bitcoin scammer likewise made investors believe that the royal family of Dubai had supported his project.

Amit Lakhanpal with Salma Al Kitbi

1. $114 mln Scammed in Sofia-Based Illegal Trading Operation

The biggest crypto trading scam 2019 cost investors over $100 mln! The police of a few European countries, particularly, Germany and Austria, have revealed a criminal group operating fake binary options and crypto exchanges in Bulgaria and the Czech Republic. Clients of Optionstars, XTraderFX, Cryptopoint, SafeMarkets, OptionstarsGlobal, and Goldenmarkets were tricked in by alluring rates and inevitably lost $114 million.

These cybercriminals controlled various offshoot organizations, including a contact center and program suppliers. The police struck 21 organizations and 4 homes in Sofia before they found all the elements of the crime. In the result, the supposed mastermind behind the trick was captured, and six-figure entireties, alongside terabytes of information, were sequestrated.

Wow, thankypu for creating and sharing this list to us your co-workers in cryptoworld. With this people will be mindful about scams and take it very seriously and it will encourage them to stay on the alert always. 

[jamesvince 2389]

Good collection of scam projects and sites that are stealing the funds of crypto market investors because many people wants profit with out doing anything their own self that is why they suffering into huge loss and confident about ponzi scheme and they gonna not gaving them anything to these peoples.

[Ch Ayyan 9781]

Crypto currencies  are being used in all over the world . We have no information  about about these big scames.  I want to ask you please  give us your  source  of such news about  crypto currencies. 

[Ms.o 3322]

As the crypto currency are gaining so much trust and more investors,many people tend to use this as a chance for them to earn big amount of money through stealing. Its so disappointing only that those people are so great even how protected the platform was,and the fact that,this kind of people are growing as the crypto currency are also growing are really disturbing,hoping that a program will be made to stop or avoid them.