Cryptocurrencies

Blockchain News: Fraudulent Scheme Rising over $ 80M Exposed

The police have arrested the founder of Komodore64 – a crypto startup from the Netherlands. According to the founder of the company Sam N., K64 allegedly raised $86 million (78 million euros) in growth capital. After the statement, a fair number of individuals have invested in Komodore64. But about two weeks ago, the company has declared bankruptcy.

The topic has recently become blockchain news as the game used the blockchain for all transactions in native crypto. As a result, neither of the parties received its bill. All the investors, suppliers, and even employees have been cheated.

K64 celebrated the official launch of the startup in June. According to Sam N., the American multinational investment bank, Goldman Sachs was attributed as the main investor of the launch party, which is worth several thousands of euros. It appears that random individuals stole the firm representatives’ identities.

Does the arrest have anything to do with the bankruptcy of the company? John Dullaart, the curator of the company, is not certain. But it is clear that the blockchain startup failed.

Related Post

Although, there are more dark details in this crypto saga. Dullaart said that Max Theyse, never really occupied the co-founder position of K64. However, Sam N. had previously presented him as one.

Cybercriminals VS.  Justice

In 2019 cybercriminals have ditched over $4 billion from cryptocurrency users and exchanges. Obviously, regarding crypto scams, the following year has been quite intense. The Dutch police have arrested former entrepreneur, Barry van Mourik, as he has been scamming investors in a fake Bitcoin mining operation.

It is crucial to understand that there are a lot of fraudulent schemes in the crypto world.  The parties involved need to be familiar with them. To avoid any crypto attack double-checking the credibility is key. Scammers use different ways of crypto fraud, for instance, blackmail, phishing websites, scam coins, money transfer fraud, etc. One of the scammers was Komodore64. In this case, con artists were impersonating a delegation from Goldman Sachs, the investment firm.

Recent Posts

AUD/JPY Climbs Back to 102.20, Halting Losses

Key Points: AUD/JPY broke below a rising wedge, signalling possible bearish momentum, with immediate resistance at 103.00 and support at…

2 days ago

EUR/JPY Hit 168.25, Boosted by 0.3% Q1 GDP Growth

Key Points EUR/JPY Rises to 168.25: Strengthened by robust Eurozone economy and steady ECB policy. Eurozone GDP Grew by 0.3%…

2 days ago

Chinese Electric Vehicle Market: Nio Stock Up 20%

Key Points: Nio's shares hit 44.20 HKD, up 20%, with electric vehicle deliveries up 134.6% year-on-year to 15,620. BYD leads…

3 days ago

Ethereum Price Dips Below $3,120 Amid Market Slump

Key Points: Ethereum fell sharply from $3,355 to a low of $2,813, reflecting high volatility and sensitivity to market dynamics.…

3 days ago

Stock Markets: Nikkei Down 0.1%, Hang Seng Up 2.4%

Key Points Nikkei 225 slightly fell by 0.1%, while the Hang Seng index surged by 2.4%. USD/JPY increased slightly, highlighting…

3 days ago

Gold Price Increases to ₹71,278 and $2,328

Key Points: Gold prices rose on MCX India to ₹71,278/10 gm and COMEX US to $2,328/oz. The US Dollar Index…

4 days ago

This website uses cookies.