Binance Sentry Releases a Report Shedding Light on Cryptocurrency Scams

The leading cryptocurrency exchange Binance released a report explaining the way scams targeting cryptocurrency investors attempt to achieve credibility. The report, released on June 30, noted that the observations are based on an examination of reports of fraudulent investment schemes which promises quick or exponential returns on cryptocurrency investments. Binance Sentry which is an internal risk intelligence unit structured within Binance’s security team examined the reports, thereby coming up with its observations. However, the frauds go beyond cryptocurrency but likewise include forex,…

CFTC Has Charged Three Individuals Who Allegedly Pocketed $15M Through Investment Scams

Two persons (Tal Valariola and Itay Barak) of Digital Platinum Limited (a marketing firm based in Israel) and another individual (Daniel Fingerhut) of All In Publishing (a marketing firm based in the U.S.) have been charged with options fraud and Commodity Trading Advisor fraud. Tal Valariola is the vice president of Digital Platinum while Itay Barak is the co-founder. The Commodity Futures Trading Commission (CFTC) charged the three individuals together because they allegedly worked together to swindle unsuspicious persons of money close to…