crypto currency cont......

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       Fraud..



what is Fraud..


      


  •         In 2013 , Maistrate Judge of Texas has ruled that crypto currency can be used as money.
  •         This rulling allowed SEC to have jurisdictions over cases of securities fraud involving crypto currency.
  •         GBL, a Chinese bitcoin trading platform suddenly shut down on October 26, 2013.
  •         Because the Subscribers, unable to log in, lost up to $5 million worth of bitcoin.
  •         On December 1, 2015, the owner of the now-defunct GAW Miners website was accused of securities fraud following his development of the crypto currency known as Paycoin. He is accused of masterminding an elaborate scheme under the guise of "cloud mining" with mining equipment hosted in a data center. He purported the cloud miners known as "hashlets" to be mining crypto currency within the Zenportal "cloud" when in fact there were no miners actively mining crypto currency. Zenportal had over 10,000 users that had purchased hashlets for a total of over 19 million U.S. dollars.

  •         On August 24, 2016, a federal judge in Florida certified a class action lawsuit[47] against defunct crypto currency exchange Cryptsy and Cryptsy's owner. He is accused of misappropriating millions of dollars of user deposits, destroying evidence, and is believed to have fled to China.


·         Darken markets of Crypto Currency click here

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