Ponzis and Death: The Stranger Ways to Lose Crypto
Scams, death, network takeover attacks. There's no shortage of strange ways users can lose money in the cryptocurrency wild west.
Hundreds of locals who used to eagerly gather outside the Bitcoin Wallet office in Ladysmith, South Africa are now mobbing the office to demand their money back.
The SEC has accused Daniel Pacheco of running a $26 million Ponzi scheme disguised as a cryptocurrency.
Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They'd paid in over a million dollars, mostly in bitcoin.
The CFTC has won a legal battle against a New York resident and his company for running a Ponzi scheme centered around bitcoin.
A team that conducted two token sales involving thousands of investors has gone dark.