#Fraud

Cybercrime is gaining momentum. Recently, ransomware programs have become increasingly popular among cybercriminals. Large companies are increasingly targeted by cybercriminals. By performing an attack, hackers block access to confidential company data, then extort a ransom for the return of access to information.

In light of the recent events related to internal fraud, resulting in problems with the balance, CRED stopped the deposit and withdrawal of funds from clients associated with the CredEarn service and initiated bankruptcy proceedings.

Ernst & Young (EY) has filed a report with the Ontario Supreme Court. Ernst & Young (EY) acting as the trustee of the QuadrigaCX crypto exchange. In 2019, the largest cryptocurrency exchange, QuadrigaCX, ceased operations and was declared bankrupt with liabilities of C $ 215.7 million and assets of about C $ 28 million.

A new form of cryptocurrency fraud has been identified in Hong Kong. As a result of the scam, the victims suffered losses in the tens of millions of US dollars. Hong Kong is emerging as a hub for new cryptocurrency scams.

The US Securities and Exchange Commission (SEC) is suing John McAfee. Received over $ 11.6 million in BTC and ETH and received $ 11.5 million in promo tokens for promoting seven ICOs.

The so-called "crop growing platform" UniCats, based on the Ethereum network, is suspected of stealing the UNI management token of the decentralized financial platform Uniswap from several users worth $ 200000 in crypto assets.

Olalekan Jacob Ponle, better known on the Internet as Woodberry, together with his assistant was arrested in the UAE and extradited to the United States of America