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
Those who lost money in a 2016 U.S. crypto exchange heist maybe be entitled to additional recoupment.
Additional compensation available for Cryptsy victims, court notice says
Kirill Bryanov
2021-09-22T18:00:00+01:00
1058
News
India’s SMS regulation requires businesses to comply with pre-registered messaging templates to counter spam and fraud.
Indians opt for state-run blockchain platform amid bulk SMS regulations
Arijit Sarkar
2021-09-20T12:51:32+01:00
4338
News
A fund manager has been sentenced to more than seven years in prison for operating a Ponzi scheme that cheated investors out of $54 million.
Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors
Inigo Vaca
2021-09-16T03:21:20+01:00
4623
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Michael Ackerman faces up to 20 years in jail if convicted of fraud following his guilty plea.
Ohio man pleads guilty to fraud over $30M crypto scam promising 15% monthly
Martin Young
2021-09-10T05:51:32+01:00
8448
News
A Trend Micro report claims that over 120 fake crypto-focused apps are still operational in the Play Store, some exceeding over 100,000 downloads.
Google bans 8 ‘deceptive’ crypto apps from Play Store
Arijit Sarkar
2021-08-23T09:26:20+01:00
10127
News
The CFAAR network hosts practitioners who have experience in handling some of the early crypto-related disputes in the British court system.
UK-based independent legal team to tackle international crypto disputes
Arijit Sarkar
2021-08-09T12:36:34+01:00
2648
News
An arrest warrant for Riccardo Spagni was issued on July 20, 2021, at the request of the South African government. He was apprehended the same day in the United...
Monero’s former maintainer arrested in the US for allegations unrelated to cryptocurrency
Sam Bourgi
2021-08-02T18:41:00+01:00
31251
News
The owner of the crypto exchange Bitmart has asked a New York judge to intervene to prevent hackers from selling fraudulent coins on the open market.
Bitmart seeks restraining order to prevent hackers from selling fake BSV
Marie Huillet
2021-07-27T11:29:32+01:00
2699

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