Crypto scammers were caught In South Korean

Seven South Korean people have been arrested for running a large-scale $38 million scam
22 November 2017   958

They offered to investors a regular profit at the rate of 180 percent if they have invested with bitcoin. The total number of victims is about 3900. All of them are aged 40-60 years. These criminals have created “bitcoin investment firm” in Gangnam, Seoul back in January last year. Taking advantage of the ignorance of their investors, they were able to steal money of $ 38 million.

These seven criminals were arrested by Jeonbuk Iksan police department and cybersecurity. They are accused in a lot of charges: money laundering and operating an “investment firm” without proper licensing from the South Korean financial authorities. Police first approached them when some investors called that the group obtained $4.1 million of the funds illegally instead of investing in bitcoin. After investigation the group was eventually arrested and the ponzi scheme was close up.

The group approves that they weren’t going to do this ponzi scheme. At first time they would like to make the real cripto-project and they would like to help their investors to master this market. But then they decided to abuse its clientbase by alluring investors into a scam.

Trust Wallet to Add BTC & Bech32 Support

At the moment, this option is available to users of iOS devices, support for Android will be added in the next 2-3 weeks
10 December 2018   98

Binance owned and ERC-20 standard tokens oriented Trust Wallet, announced the start of Bitcoin support (BTC).

As stated in the company's blog post, Trust Wallet has become compatible with the SegWit protocol, allowing to send and receive funds to Bech32 native addresses (bc1).

At the moment, this option is available to users of iOS devices, support for Android will be added in the next 2-3 weeks.

Earlier Trust Wallet announced the start of support for TRON (TRX) tokens. The wallet also supports GoChain (GO), POA Network (POA), Ethereum Classic (ETC), Wanchain (WAN) and VeChain (VET).

Recall Binance announced the purchase of Trust Wallet in July this year. The wallet is expected to become part of the upcoming release of the decentralized trading platform Binance.