Joseph O’Connor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange hack. During the attack, he is alleged to have absconded with digital assets valued at approximately $784,000.In the criminal scheme, authorities believe O'Connor utilized SIM swap attacks (an artifice of fraud where 2FA phone … [Read more...] about “PlugWalkJoe” indicted for $784k cryptocurrency theft scheme
Scheme
EOS under fire over claims its ICO was a shady “pump scheme”
During a year-long initial coin offering (ICO) that ended in 2018, EOS raised a record $4.2 billion, making it the biggest ICO in history. Combined with its Delegated Proof-of-Stake (DPoS) consensus mechanism, which has throughput thousands of times greater than Ethereum’s, expectations were high.But these expectations continue to go unfulfilled. A look at EOS’s stagnant dapp … [Read more...] about EOS under fire over claims its ICO was a shady “pump scheme”
Bitcoin is an ‘open Ponzi scheme,’ says ‘Black Swan’ author
Well-known risk analyst and “Black Swan” author Nassim Nicholas Taleb seemingly changed his previously positive attitude toward Bitcoin, calling it a “gimmick” and an “open Ponzi scheme” during an interview with CNBC’s Squawk Box yesterday.“[Bitcoin] has characteristics of an open Ponzi, everybody knows it’s a Ponzi,” Taleb said. “Basically, there’s no connection between … [Read more...] about Bitcoin is an ‘open Ponzi scheme,’ says ‘Black Swan’ author
Is Bitcoin a Ponzi scheme? Pick your side in the latest Cointelegraph Crypto Duel!
Does Bitcoin meet the definition of a Ponzi scheme? This is the subject of the latest Cointelegraph Crypto Duel, where Bitcoin strategist at Kraken meets professor of computer science at the University of Campinas, Jorge Stolfi. Similar to other Bitcoin skeptics, Stolfi repeatedly defined Bitcoin as a Ponzi scheme. The core of his argument is that Bitcoin doesn’t produce any … [Read more...] about Is Bitcoin a Ponzi scheme? Pick your side in the latest Cointelegraph Crypto Duel!