Fraud News

Cryptocurrencies promise a lot of security and privacy for the users, but reality is that cryptocurrency use often creates victims of different types of scams, such as digital theft, hacking, phishing and the major cryptocurrency scam – fraud. These frauds can exist in different forms – promising, but fraudulent, ICO’s that don’t inform their investors about the risks and might not have a physical address; cryptocurrency investment platforms that vanish after gathering enough money; and fraudulent cryptocurrency exchanges that utilize multiple tactics to cheat their users. Blockchain technologies are relatively new and the hype that surrounds them poached a lot of low-skilled investors into the field. This has become such a problem that, according to the latest news on cryptocurrency fraud, Twitter has even banned ICO-ads in order to protect its users from fraudulent schemes.

News
VaultAge Solutions CEO has been tracked down by South African authorities and angered investors.
CEO of Alleged $16M Cryptocurrency Scam Declared Bankrupt
Stephen O'Neal
2020-07-06T12:07:00+01:00
4574
Opinion
Crypto itself has only been around for a decade, and the space has already gained its top Ponzi scheme actors. Here are three of them.
The Most Famous Financial Pyramids in the Crypto World
Nick Bel
2020-07-04T11:12:00+01:00
18950
Analysis
A temporary nuisance for crypto debit card holders, the Wirecard debacle reminds the public of the problems blockchain technology was designed to fix.
Wirecard Folds: A Blow to Crypto Cards, but a Chance for Blockchain
Kirill Bryanov
2020-07-03T18:20:00+01:00
5697
News
Russian prosecutors are reportedly investigating a British firm that allegedly sold fraudulent Gram tokens.
Russia to Reportedly Investigate an Allegedly Fraudulent TON Offering in UK
Helen Partz
2020-07-03T16:17:00+01:00
5483
News
A report released by crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility.
Binance Security Report Sheds Light On Crypto Scams
Adrian Zmudzinski
2020-07-02T03:49:00+01:00
5464
News
The UK Insolvency Service claimed that GPay is nothing but a “scam” after conducting confidential inquiries.
Allegedly Fraudulent Crypto Exchange Shut Down by UK High Court
Felipe Erazo
2020-06-30T23:08:00+01:00
5557
News
An alleged crypto pyramid scheme stole hundreds of millions of dollars from investors.
Investors Defrauded by South Korean Pyramid Scheme
Felipe Erazo
2020-06-30T21:49:00+01:00
5220
News
Thousands have their personal data leaked by a crypto-based phishing scam.
Bitcoin Scam Exposes Thousands to Data Breach
Felipe Erazo
2020-06-30T16:55:00+01:00
4280

Follow us on Facebook