Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

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EFCC Prosecutes Mr ‘Crime Alert’ For Fraud

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A certain Olaniyan Gbenga Amos, founder of Detorrid Heritage Investment Limited has been charged to court by the Economic Financial Crimes Commission (EFCC) for offences bordering on fraud.  Disclosed by a media outlet, Nairametrics.com, Olaniyan who is fondly known as…

24-Year-Old Australian Crypto Fraudster Sentenced To Prison for Stealing $90 Million Through A Ponzi Scheme

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An Australian, Stefan Qin has been sentenced to seven and a half years in prison for conducting two illegal cryptocurrency funds and tricked investors to invest in the projects reading to millions of Dollars. The 24 years old will be…

Pinkoin Founder and Pioneer Omotade Sparks Amos Sewanu Arrested By EFCC in Sokoto

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After several months of searching, The Economic and Financial Crimes Commission has arrested the Founding Pioneer of Pinkoin for a case bordering on obtaining pretense, names-dropping, and fraud to the tune of thirty-two million nairas ( N32,000,000). He was captured…

BREAKING: Federal Government Alerts Nigerians on Coronavirus Ransomeware. Demanding Bitcoin as a Ransome. 

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Just in, the Federal Government alerts Nigerians on the existence of an Android-based malicious and fraudulent Coronavirus Ransomware Application.  This coronavirus ransomware app according to the federal government claims to provide updates on the virus and infections near it’s victim,…

The Top Incidents of Cryptocurrency Scams Recorded in Nigeria in 2019.

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The number of bitcoin users has continued to increase in Nigeria despite the Senate and CBN warnings against involving in cryptocurrency which has led to Nigerians losing millions to crypto fraud. While the number of cryptocurrency users continue to increase,…

Uganda Legislators to Clamp Down on Ponzi Schemes and Pyramid Schemes Especially that of Crypto Scams in Uganda.

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Uganda legislators is out to clamp down on ponzi schemes in the country following too many crypto scams recorded in the past, including dunamiscoin scam and other crypto scams. The uganda legistors said this after the State Minister of Finance,…

The Perpetrators of Dunamiscoin Scam to Appear in Court on Jan 22 2020 for Collecting Money from Investors in Pretense.

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Following the Dunamiscoin scam, State Prosecutors said that they have logged over 4,000 complaints against the popular crypto scam in Uganda by Dunamiscoins Resources Limited.  Just after the collapse of the downtown lollipop coin, Samson Lwanga, 37, and Mary Nabunya,…


A Joint Declaration On Crypto Scam and Ponzi Scheme in East Africa.

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Just in, the blockchain and cryptocurrency associations from East Africa puts out a joint statement on Cryptocurrencies and Ponzi Scheme in the region.  The reason for the collaborative effort from East Africa is because of the increase in the number…

SiBAN Introduces SiBAN Scam Alert To Fight Crypto Scam In Nigeria

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Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) just introduced SiBAN SCAM ALERT to regulate crypto scam in the space.  Its not a new issue that while the industry is building to make the space safe for end users, cyber…