South Africans Scammed; Loses 50 Million USD

Not so long ago, news about a twitter cryptocurrency scam has been reported. It is only one of the few cases of cryptocurrency scams that seem to be growing in number recently. The most recent member of the scammers club is BTC Global, having pocketed more than $50 million from victims coming from South Africa, America, Australia and other countries.
As of the last tally, more than 27,500 people have filed complaints against BTC Global, a company launched in September 25, 2017 by popular trader Steven Twain. His initial success in binary options trading was the reason why people trusted the company. But the set-up was instantaneously criticized and labelled as a scam upon its release.
Primarily, users received unpredictable dividends until two weeks ago, when the founder of the company vanished from the online world. Only days after Twain’s disappearance, reports against the company started surfacing and investigations have commenced. South Africa’s Directorate for Priority Crime Investigation spokesperson Lloyd Ramovha said that Twain’s whereabouts are still unknown, and that there can be little to no progress in the investigation until Twain is found.
Meanwhile, members of the company’s admin team have already received backlash from outraged investors who even went as far as posting their respective home addresses and phone numbers on the internet.

Related posts
cryptocurrencyDOGEdogecoinDOGEUSDElon MuskNews

More Than Just A ‘Joke Coin’: Elon Musk Reveals How He Feels About Dogecoin

For a long time, DOGE skeptics have wondered what Billionaire Elon Musk found promising about the meme-asset. And as if the Tesla CEO set out to answer their questions today, he disclosed in a very recent tweet, why he believes…
Bank of EnglandBitcoin NewsbtcusdBTCUSDCBTCUSDTcryptocurrencyCryptocurrency NewsNewsxbtusd

Bank of England Governor Andrew Bailey is Giving Crypto a Thumbs Down — Here’s Why

The Governor of the Bank of England, Andrew Bailey, at the World Economic Forum, Davos, Switzerland; on Thursday, passed a vote of no confidence on cryptocurrencies, stating that investors must get ready to suffer total investment losses eventually. “Bitcoin has no…
cryptocurrencyDOGEdogecoinDOGEUSDElon MuskNews

Be Careful! Elon Musk Warns As Dogecoin Soars On SNL Eve

In the warm-up to a special Saturday Night Live Edition featuring the self-acclaimed billionaire dogefather, Elon Musk, Dogecoin (DOGE) has recorded tremendous speculative success and is currently sprinting past the $0.6 mark in a bid to cross the $1 epic…