U.S. rapper T.I., a.k.a T.I.P. is being sued for $5 million by a group of individuals after his FLik token has supposedly fizzled, as per court reports acquired by U.S. media news channel, The Blast.
Victims in a $50,000 Bitcoin scam were forced to pay non-existent tax debt via Bitcoin ATMs. Police suspect there might be more victims who are yet to report.
The ICO has scammed over $50 Million from about 124,000 people in the country. Authorities are now seeking support of Interpol for investigating into the matter.
A real estate developer Shailesh Bhatt was lashed and forced to transfer 200 Bitcoins worth of INR 12 crore from his account.
Indian authorities have arrested two individuals accused of operating a bitcoin Ponzi scheme that swindled 300 bitcoins, approx. $2.6 million from 5000 victims.
Cryptocurrency fraud is on the rise in Japan as 5 individuals got arrested for buying cryptocurrencies in fake fiat money. A total of 12 arrests have been made in this case.
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