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Scams

Funds raised in the Sparkster ICO appear to be on the move. (HodagMedia/Shutterstock)
Technology
Scams
ICO-Funded Project Sparkster Converts $22M in Ether to USDC After 3 Years, No Product
Sparkster promised investors a “no-code” software-creation platform using $30 million in funds raised from investors in 2018.
Funds raised in the Sparkster ICO appear to be on the move. (HodagMedia/Shutterstock)
By Shaurya Malwa
May 23, 2022 at 12:16 p.m. UTC
May 23, 2022
ScamsEtherICO
Regulators say the Flamingo Casino Club is a scam that concealed its ties to Russia. (bert van wijk/Getty Images)
Policy
Russia
5 US States Issue Emergency Orders to Shut Down Metaverse Casino With Alleged Russian Ties
A multi-state cease-and-desist letter issued Wednesday calls the Flamingo Casino Club “simply a high tech scam.”
Regulators say the Flamingo Casino Club is a scam that concealed its ties to Russia. (bert van wijk/Getty Images)
By Cheyenne Ligon
May 11, 2022 at 4:30 p.m. UTC
May 11, 2022
RussiaScamsFraudMetaverseTexasNFTs
(Chris Rogers/Getty Images)
Policy
Policy
How Big Is Crypto Crime, Really?
Estimates of the scale of online crime range from under 1% to nearly half of all crypto activity – CoinDesk analyzes the approach to these estimates.
(Chris Rogers/Getty Images)
By Jack Schickler
May 9, 2022 at 7:00 a.m. UTC
May 9, 2022
PolicyMoney LaunderingCrimeScamsCZEUChainalysis
(Adrian Swancar/Unsplash)
Policy
Binance
Binance Asks to Be Removed From Crypto Romance Scam Lawsuit
The Cayman Islands company argued it is not subject to the "personal jurisdiction" of U.S. federal courts.
(Adrian Swancar/Unsplash)
By Cam Thompson
Apr 21, 2022 at 8:56 p.m. UTC
Apr 21, 2022
BinanceUSLawsuitTexasScams
(Michael Geiger/Unsplash)
Learn
Crypto for advisors
How to Spot Crypto Pump-and-Dump Schemes
Crypto’s favorite scam isn’t just prevalent – it’s taking on new forms.
(Michael Geiger/Unsplash)
By Christopher Robbins
Apr 21, 2022 at 12:50 p.m. UTC
Apr 21, 2022
Beginner
Crypto for AdvisorsScamsLearnExplainerPump and DumpBeginnerInvesting
Hacker stealing password and identity, computer crime.
Policy
France
One-Quarter of French Financial Scams Involve Crypto, Ombudsman Says
Marielle Cohen-Branche also warned of a loophole for complaints about unregistered crypto firms.
Hacker stealing password and identity, computer crime.
By Jack Schickler
Apr 20, 2022 at 3:15 p.m. UTC
Apr 20, 2022
FranceAMFScamsCrypto
(Alex Belomlinsky/Getty Images, modified by CoinDesk)
Consensus Magazine
Nfts
The End of NFT Rug Pulls?
The ERC-721R standard guarantees refunds for non-fungible tokens, offering greater security for buyers and legitimacy for creators. But risks remain for both sides of the trad...
(Alex Belomlinsky/Getty Images, modified by CoinDesk)
By Meanix .eth
Apr 19, 2022 at 1:22 p.m. UTC
Apr 19, 2022
NFTsERC-721Scams
Supreme Court of India (Shuttersock)
Finance
Cryptocurrency
India's Supreme Court Seeks Wallet Info From Suspect in $3.8B GainBitcoin Scam
Ajay Bhardwaj, the brother of Amit Bhardwaj, the primary suspect who is now deceased, has been asked to give his username and password to authorities.
Supreme Court of India (Shuttersock)
By Amitoj Singh
Mar 28, 2022 at 10:44 a.m. UTC
Mar 28, 2022
CryptocurrencyPolicyRegulationScamsIndiaSupreme CourtBitcoin
Groucho Marx in "A Day at the Races" (Creative Commons, modified by CoinDesk)
Consensus Magazine
The node
The Perils of Crypto's Pseudonymous Economy
Let's pull the rug on "anonymous" crypto devs.
Groucho Marx in "A Day at the Races" (Creative Commons, modified by CoinDesk)
By Danny Nelson
Mar 25, 2022 at 4:37 p.m. UTC
Mar 25, 2022
The NodeNewslettersAnonymityNFTsScamsOpinion