crypto fraud

Case Studies

Thodex Scam: How 400,000 Users Lost $2 Billion Overnight

April 21, 2021. Turkey’s third-largest crypto exchange shut down without warning. The 27-year-old CEO disappeared. $2 billion vanished. 400,000 users locked out. Then came the selfie from Albania: “I’m not running. I’m working.” But Interpol disagreed. This is Thodex—the audacious exit scam that shocked a nation.

BBO
October 29, 2025

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Case Studies

QuadrigaCX Mystery: Did Gerald Cotten Take the Keys to the Grave?

A split image showing the two faces of Gerald Cotten in the QuadrigaCX mystery: the trusted Canadian CEO vs. the demonic con artist behind the fraud.

A 30-year-old CEO dies suddenly in India. He was the only one who knew the passwords. $215 million trapped in cold wallets forever. Or was it? His widow got the mansion and yacht. Meanwhile, 76,000 customers lost everything. Then investigators found something strange: Most cold wallets were empty before he “died.”

BBO
October 28, 2025

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Case Studies

Bitconnect Ponzi: Complete Timeline of $2.4 Billion Scam

Bitconnect founder Satish Kumbhani analyzing a holographic blueprint of the Bitconnect Ponzi scheme, showing how he diverted $2.4B from new victims to his personal vault

“BITCONNEEEECT!” The scream heard around the world. The promise of 1% daily returns. The trading bot that didn’t exist. And the $2.4 billion Ponzi that collapsed in 24 hours, destroying hundreds of thousands of lives. This is Bitconnect—crypto’s original sin.

BBO
October 28, 2025

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Crypto & investment Fraud

Forex Trading Scams: Why 95% of Forex Courses Are Fraudulent

A symbolic depiction of Forex trading scams, showing a massive, complex machine churning out money to a hopeful crowd, representing the false promises of easy wealth.

A slick sales pitch, a promise of wealth, and then—silence. Why do 95% of forex training courses vanish into thin air? This is more than data. It’s a horror story of real people losing life savings—and yet more people lining up. Read this before you entrust your money to “the next great forex course.”

BBO
October 13, 2025

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Crypto & investment Fraud

Mining Pool Scams: How Fake Mining Operations Rob Investors

A crypto investor is baited by a glowing 'Crypto Mining Pool' advertisement shaped like a fishing hook, symbolizing the deceptive social media ads used in these scams.

You think your crypto is working for you—until it vanishes. Mining pool scams have drained millions from investors worldwide. Behind sleek dashboards and fake earnings lies a chilling truth: no miners, no machines, just ghosts with your money. The trap looks real. The horror begins when it’s too late to escape.

BBO
October 12, 2025

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Crypto & investment Fraud

Fake Crypto Exchanges: 20 Red Flags of an Empty Vault

A hooded scammer representing a fake crypto exchanges sits in a dark command center, symbolizing the dangers of digital investment fraud.

Scammers are creating perfect clones of real crypto exchanges to trap investors. How can you tell the difference before it’s too late? This investigative guide dissects the machinery of these scams, revealing 20 critical warnings that scammers don’t want you to know. Protect yourself before you become their next victim.