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.

Opinion
I should know, I helped chase down $1 billion of his fraudulently-obtained cash.
Powers On… Why Bernie Madoff should be a powerful lesson to stock and crypto memecoin investors
Marc Powers
2021-05-11T15:03:02+01:00
16920
Opinion
Black sheep and white papers: In order to achieve what it promises, the crypto revolution must be led by scientists and researchers.
The new digital, decentralized economy needs academic validation
Serguei Popov
2021-05-01T08:19:00+01:00
15421
News
Vebitcoin CEO İlker Baş is reportedly in police custody, with Thodex owner Faruk Fatih Özer suspected to have fled to Albania.
Turkey may establish central custodian bank following alleged fraud at two major exchanges
Turner Wright
2021-04-27T20:00:00+01:00
10921
News
An ICO fraudster spent more than $7 million in fraudulently obtained COVID relief on luxury personal expenses, including a Rolex, a luxury apartment and a new M...
ICO fraudster pleads guilty to $7M COVID-relief loan scam
Brian Quarmby
2021-04-21T06:14:49+01:00
11634
News
Less than 1% of overall fraud cases relate to cryptocurrency, but that number could be rising in line with Bitcoin and the crypto market’s ascension.
UK prosecutor expects crypto scams to increase, but numbers remain low for now
Greg Thomson
2021-04-05T09:39:14+01:00
7031
News
Apple removed the fake Trezor app several times, but it kept appearing on the App Store days later.
iPhone user blames Apple for $600K Bitcoin theft via fake app
Helen Partz
2021-03-31T10:18:46+01:00
16720
News
The SEC has taken action against a Californian man for fraudulently offering insider stock trading tips on a darknet marketplace.
SEC issues first ever charges over phoney ‘insider information’ on darknet
Samuel Haig
2021-03-19T01:01:58+00:00
10259
News
The Texas State Securities Board has entered an emergency cease and desist order against a shape-shifting, fraudulent cryptocurrency scheme using the Binance br...
Texas securities board takes action against hoax ‘Binance’-branded scheme
Marie Huillet
2021-03-16T09:43:26+00:00
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