Bitconnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced it’s shutting down. In a release on its website the platform said the shutdown is attributed to “continuous bad press” surrounding the platform, two cease and desist letters from both Texas and North Carolina’s securities boards,… Read More
Category: Scam
DO NOT give access to that app promising a baby pooping video
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Giving a random video app access to your Twitter account is a pretty straightforward “nup,” right?
Even so, a Twitter phishing scam is tricking people into allowing access to their accounts in order to watch a silly video titled “Baby Poops In His Onesie, But Dog’s Response Leaves Millions Of People In Hysterics.”
Before you click it, DO NOT.
The Verge reports that a number of people in the media have been affected this week, including New York Times literary critic Dwight Garner, Fox News’ Brit Hume and Mother Jones editor-in-chief Clara Jeffery. Read more…
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View More DO NOT give access to that app promising a baby pooping videoOne company raised $375,000 in cryptocurrency—then disappeared from the internet
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Confido was the light in the dark that promised better times ahead.
After a string of Initial Coin Offerings that brought buyers nothing but grief (and lost money), the scrappy little startup become the darling of the crypto world. It was only raising $400,000. It was running lean.
But now, just two weeks after the ICO ended, the project’s website and founders are all gone, and the price of the Confido token (CFD) is near zero.
To see why Confido was successful — at first, at least — we need to go a little further back. ICOs, or digital token crowdsales, are events in which startups raise funds by selling digital tokens to anyone willing to participate. And this summer, ICOs for projects such as 0x, Civic and district0x were incredibly successful: The projects’ founders raised tens of millions of dollars, and shortly after the tokens became tradable their value surged, bringing quick and easy profits to token owners. Read more…
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