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
A Federal Trade Commission report from June identified Facebook, Instagram and WhatsApp among the top platforms for crypto fraud originating on social media.
US lawmakers call on Mark Zuckerberg to address 'breeding ground' for crypto scams: Report
Turner Wright
2022-09-09T16:45:00+01:00
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News
The chairman of a congressional subcommittee reached out to the CEO of Binance.US to produce various documents in an attempt to help review the measures taken t...
US congressman to review all Binance​.US files related to consumer safety
Arijit Sarkar
2022-08-31T08:54:31+01:00
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News
Albanian authorities have Faruk Fatih Özer in custody, waiting for questioning and cooperation with the Turkish government.
Wanted Turkish crypto exchange founder detained in Albania
Savannah Fortis
2022-08-30T12:08:17+01:00
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News
The Indian police launched an investigation into BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he had relocated from India.
Indian police launch probe into BitConnect founder wanted by US SEC
Helen Partz
2022-08-17T14:32:47+01:00
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News
BNB Chain’s Red Alert system flags projects based on obvious features that have been historically used in scams, rug pulls and phishing.
Pandas, cyborgs, dogs, koalas dominate BNB Chain Red Alarm flag list
Arijit Sarkar
2022-08-15T13:51:29+01:00
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How to crypto
Since crypto regulations are still being developed, crypto pump-and-dump groups support the promotion of unknown coins over Discord and Telegram.
What are crypto pump-and-dump groups? Are they legal?
Onkar Singh
2022-08-03T12:24:38+01:00
5870
News
SEC has filed a lawsuit in the U.S. District Court against the founders and promoters of Forsage, who allegedly fueled a $300 million “textbook pyramid and Ponz...
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
Brayden Lindrea
2022-08-02T03:27:26+01:00
6738
News
The Fed and FDIC allege that Voyager “made various representations online” that its funds were FDIC insured.
Fed demands Voyager remove ‘false’ claims deposits are FDIC insured
Tom Mitchelhill
2022-07-29T05:09:12+01:00
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