Scam websites posing as famous crypto projects ask for private keys so they can steal users' funds.
Bitcoin Scams News
Bitcoin scams (and other cryptocurrency scams) are an unfortunate aspect of this burgeoning industry. Bitcoin (BTC) was invented as an open, permissionless alternative to the traditional financial system, but with this freedom to transact beyond borders and central administration came opportunities for criminals to exploit this system.
Legacy financial and monetary systems are certainly rife with scams, but victims are (usually) able to seek recourse and justice in the traditional banking system. Bitcoin, however, does not have insurance policies or a customer support line.
Bitcoin scams can take many forms, including Ponzi schemes designed to enrich a few at the expense of many, cloud mining schemes promising accessibility and profitability in a centralized mining operation with little capability to deliver on either, and phishing scams designed to steal an unsuspecting individual’s cryptocurrency.
As regulatory agencies are tasked to enforce frameworks that protect consumers, there is an important distinction between acknowledging and preventing scams within the Bitcoin ecosystem and classifying the cryptocurrency itself as a scam.
Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin?16216
The New York Department of Financial Services found that crypto firms blocked the Twitter hackers’ crypto addresses within 40 minutes.12853
The legal team behind the case called it a “prolific cryptocurrency scam.”5718
Scammers are taking advantage of one of Bitcoin's strengths, as once lauded by Satoshi Nakamoto.9135
The CFTC continues its roll of crypto announcements this week in a recent fraud bust-up.5091
Twitter doesn’t seem able to move fast enough to stop thieves from grossly misusing their platform.5855
And how much did Satoshi Nakamoto contribute to the 'Zombie' fund?6042
The cases of the robber’s two accomplices are still pending.3860
The alleged crypto scam websites are still intact.14976
They even wrote a self-help book about becoming a millionaire. Sounds like that may need to be updated.14950
He doesn’t know if it was the work of crypto malware or a more sophisticated hack.8537
“Avoid Bitcoin like the plague.”35374
According to the Norwegian Hodlnaut, it seems that Wright is ignoring his legal obligations following a failed legal battle.5042
Coincurve’s Rod Hsu says facial recognition can stamp out social media Bitcoin scams.4402