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The owner of a Hong Kong e-sports and cryptocurrency mining company has vanished after the company allegedly defrauded Macau investors out of HK$20 million (US$2.5 million), according to a report by the Macau News Agency. More than 70 Macau residents were allegedly deceived into investing an estimated HK$20 million (US$2.5...
Ho Chi Minh City-based company Modern Tech has gone dark after allegedly deceiving 32,000 people into investing an estimated VND15 trillion (US$660 million) into two fake cryptocurrency projects. Dozens of disgruntled investors gathered in front of Modern Tech’s headquarters in the business district of Ho Chi Minh City on Sunday,...
Cryptocurrency startup Giza Device has gone dark after raising US$2 million in cryptocurrencies in a fake initial coin offering (ICO). The funds were supposed to be used to fund the development of a “super secure storage device” for cryptocurrencies. The individual or group of individuals used a fake LinkedIn profile...
LoopX, a cryptocurrency startup that raised millions of dollars through several initial coin offerings (ICOs), has disappeared with the funds in what appears to be the latest exit scam. LoopX, which promised "the most advanced trading-algorithm in the cryptocurrency market," has suddenly vanished, shutting down its website and deleting its...

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