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
Participants of a $5.6 million token sale did not expect a return on investment, the NAC Foundation argued.
Abramoff-linked crypto firm says SEC has no case against it
Helen Partz
2020-10-21T10:07:47+01:00
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News
At least 20 crypto executives and customers of an Israeli telecommunications company were targeted in a sophisticated SS7 attack last month.
Telecoms protocol from 1975 exploited to target 20 crypto executives
Samuel Haig
2020-10-20T06:53:21+01:00
9730
News
Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin?
Fool's gold? Peter Schiff's bank under investigation in tax evasion probe
Andrew Thurman
2020-10-18T16:09:04+01:00
16011
News
Losses due to crypto scams are on the rise in Belgium.
Belgian investors lost $12M to crypto and forex scams last year
Turner Wright
2020-10-12T08:01:09+01:00
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Newsletter
The Department of Justice made headlines in crypto and elsewhere, leading a week of law enforcement locking down around the world.
Law Decoded: Police and thieves on their screens, Oct 2–9
Kollen Post
2020-10-09T20:30:23+01:00
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News
The CFTC continues its roll of crypto announcements this week in a recent fraud bust-up.
CFTC promises to protect 'the burgeoning markets for digital assets such as Bitcoin'
Kollen Post
2020-10-02T22:28:55+01:00
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News
A crypto escrow executive has pled guilty to defrauding his client out of $3.25 million.
Exec who bamboozled clients with crypto jargon pleads guilty to $3.25M fraud
Samuel Haig
2020-10-02T02:37:56+01:00
4589
News
A 36-year-old man from Kerala was arrested under charges of cryptocurrency fraud.
Indian man arrested on charges of crypto fraud via 'Morris Coin' scheme
Mohammad Musharraf
2020-09-30T11:48:00+01:00
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