#ico scam

Centra Tech Co-Founder Pleads Guilty to Fraud After $25M Token Sale

The co-founder of the Centra Tech crypto project that at one time garnered A-list celebrity endorsements but was later called a scam in court, pleaded guilty Tuesday for conspiring to commit securities and wire fraud.

Robert Farkas, 33, admitted he and co-founders Sohrab Sharma and Raymond Trapani misrepresented Centra Tech’s true purpose as they worked to dupe investors out of more than $25…

Bitcoin News Roundup for May 29, 2020

With bitcoin and many traditional markets down on the day, CoinDesk’s Markets Daily is back!

Bitcoin’s bulls are taking a breather as the traditional markets get the jitters over rising tensions between the U.S. and China.

The Twitter account of BSV-based social media platform Twetch was suspended Thursday without warning, said Twetch co-founder Josh Petty.

Ethereum startup Magic just…

Monero White – A Poor Attempt At Riding The Monero Wave

Everyone that is familiar with the coin market knows about Monero. What they may not know is that there are many projects that pretend to be variants of major cryptocurrencies just as Monero White which obviously wants to ride on the popularity of Monero to sell its token.

This may not be a bad idea if the project is solving real problems, but we definitely would frown at a project that adds no…

ICO Funding Down But is it Out?

2019 has witnessed very low funding with respect to initial coin offerings even though the month of March saw significant increase in the amount raised from ICOs.

March funding reached a temporary peak of $49 million which is a significant increase from the $22 million raised in February which shows that the sector is picking up contrary to the reports from some Wall Street analysts who concluded…

Substratum Accused of Misplacing ICO Funds

Crypto Banking Startup Crumbles Post ICO Failure

Crypto Projects to Face Potential Risk of ICO Refunds

International Cooperation Endeavors to Eradicate ICO Fraud