Bitcoin Scams News

A scam is a way to steal money from people under false pretenses. The main feature of a Bitcoin scam, compared with other ways of stealing money, is that it usually takes advantage of people’s trust and negligence. Currently, the cryptocurrency market is not regulated enough to protect people from scams, so that is why it is such a common thing among users of digital currencies. Since many people try to earn money by investing in new projects that are related to cryptocurrency, ICOs are one of the most popular ways to commit fraud. Besides that, some emerging cryptocoins use a financial pyramid system. In addition, to avoid scams, it is better to use a verified exchange or trading platform.

News
Ugandan police have reportedly seized Samson Lwanga, one of the directors of the alleged cryptocurrency pyramid scheme Dunamiscoins Resources Limited.
Ugandan Police Hold Director of Alleged $2.7M Crypto Ponzi Scheme
Ana Alexandre
2019-12-10T13:23:00+00:00
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News
An alleged cryptocurrency pyramid scheme in Uganda has fled after defrauding dozens of victims that invested and worked for the scheme.
Crypto Pyramid Scheme in Uganda Steals Employees’ Money and Closes
Helen Partz
2019-12-06T17:54:00+00:00
7767
News
Thai police have busted an alleged Bitcoin scam trading scheme in Bangkok, arresting 24 Chinese nationals and seizing hardware.
Thai Police Arrest 24 Chinese Nationals for Alleged Bitcoin Scam
Aaron Wood
2019-12-06T09:38:00+00:00
3210
News
Security researchers have discovered a new cryptocurrency-related macOS malware believed to be developed by North Korean hackers at the Lazarus Group.
Researchers Detect New North Korea-Linked MacOS Malware on Crypto Trading Site
Ana Alexandre
2019-12-04T16:25:00+00:00
3538
Follow up
New research suggests that the Bitcoin price could be still absorbing the effects of the alleged PlusToken exit scam.
PlusToken Effect: Alleged Asian Exit Scam to Blame for Market Decline?
Kirill Bryanov
2019-12-03T16:28:00+00:00
2222
News
A Vancouver-based investor claims that he lost at least $430,000 due to misconduct and breaches of contract by crypto firm Stox.
Disgruntled Investor Sues Stox Prediction Market and Founder
Helen Partz
2019-11-29T18:12:00+00:00
3683
News
The national police force of New Zealand seize over $4 million in cryptocurrency from Jaron David McIvor, suspected of laundering proceeds from online movie pir...
New Zealand Police Seize $4.2 M in Crypto in Movie Piracy Investigation
Joeri Cant
2019-11-23T01:35:00+00:00
3907
News
Neil Bush — son and brother of two U.S presidents — is alleged to have been paid $300,000 to attend a meeting involving OneCoin co-founder and current fugitive ...
Report: George Bush’s Brother Got $300K for Meeting With OneCoin’s ‘Cryptoqueen’
Marie Huillet
2019-11-18T12:52:00+00:00
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