From Bitconnect to SIM-Swap Swindling: 2018's Biggest Scams

2018 will long be remembered as the start of a significant cryptocurrency bear market, but the declining market still provided opportunities for scam artists to snag unwary investors.

Given that 2017 was a breakout year for Bitcoin (BTC) and the likes, investors were clamoring to enter the fray as the price of cryptocurrencies skyrocketed toward the end of the year.

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Crypto Mining Firm CEO Exit Scams with $35 Million in Investor Funds


The CEO of Sky Mining, a crypto mining company in Vietnam, has disappeared with investor funds totaling about $35 million, according to a local news outlet.

About 20 investors of Sky Mining reported the matter to the local police in the Phú Nhuận District after learning that “approximately 600 mining machines had been removed” by imposters who had claimed to be maintenance workers.

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