Forex Articles to Help You Avoid FX Fraud

Russian rapper hit with charges over money laundering A man from Russia who was living in the US state of Florida has been charged over claims that he was involved in organised cybercrime. Maksim Boiko, who is 29 years old and works as a rapper, has been charged by the US Attorney’s Office in Pittsburgh …

Image of Bill Gates used in alleged scam An incident involving the unauthorised use of the image of Microsoft founder Bill Gates has taken place on the video sharing site YouTube. The famous figure had his image used when a significant number of YouTube accounts were hacked in recent days. Upon being hacked, the accounts …

Binance back in spotlight as lawsuit filed The cryptocurrency exchange Binance was back in the crypto media spotlight this week after someone who claimed to be a community moderator there took the firm to court. Steven Reynolds, who claims that he worked for the firm in the second half of 2017, has filed a lawsuit …

Fears over “scam” Google Chrome extensions An incident of alleged fraud relating to a Google Chrome extension has come to light. A woman who posted online about the supposed fraud claimed she they lost almost 15,000 XRP tokens, which is the cryptocurrency operated by the platform Ripple. She claimed that the problem arose due to …

Written by Theunis Kruger, FX Trainer at FXTM The USDJPY currency pair, on the D1 time-frame, made a brief descending interchange until March 9 when a lower bottom was recorded at 101.178. Buyers made their move at that level and demand overcame supply. After the bottom at 101.178, the market broke through the 15 and …

Binance carries on with controversial FTX delisting One of the world’s most famous cryptocurrency exchanges, Binance, has announced that it will take all of its FTX leveraged tokens off its lists due to market volatility related to coronavirus. Any user who currently has such a trading position open on the exchange’s platform will need to …

California governor refers to bitcoin fraud in speech The governor of the US state of California has made reference to bitcoin scams in a speech about the ongoing coronavirus crisis. Gavin Newsom, a member of the Democratic Party who has served the governor of the state since last year, was making a speech about the …

Texas regulator joins coronavirus warning chorus A leading regulator in Texas has added its voice to the growing chorus of global regulators warning against the increased risks of fraud in the age of the coronavirus pandemic. The Texas State Securities Board, which is also known as the TSSB, released its warning earlier. In it, it …

Blockchain firm announces new partnership A leading firm in the blockchain analytics space has announced that it will work alongside an exchange to develop its new compliance and KYC processes. Chainalysis, which is known for being a major blockchain security firm, said that it would work alongside the peer to peer firm Paxful. It is …

Garlinghouse targeted in Youtube scam A scam video which features a fake version of Ripple CEO Brad Garlinghouse has been noted. The video is believed to be associated with a scam designed to extract cash from those who think that they are investing in XRP, which is the cryptocurrency associated with Ripple. But they are …