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
By partnering with Binance, the NCFTA aims to tackle international cybersecurity investigations by co-sharing threat intelligence.
NCFTA onboards crypto exchange Binance to fight against cybercrime
Arijit Sarkar
2022-01-18T14:00:00+00:00
2435
News
The FTC has alerted everyone to stay vigilant of a new payment scam involving impersonators and crypto ATMs.
FTC issues public warning about new crypto ATM scam
Ezra Reguerra
2022-01-11T09:11:50+00:00
4482
News
The federal agency of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors i...
Pakistan to investigate Binance for multi-million dollar crypto scam
Arijit Sarkar
2022-01-09T09:16:11+00:00
21305
News
Blockchain security firm CertiK warned users to stop interacting with Arbix Finance as they have identified the project as a rug pull.
CertiK identifies Arbix Finance as a rug pull, warns users to steer clear
Ezra Reguerra
2022-01-05T16:15:00+00:00
6156
News
Government officials from CGST Mumbai Zone recovered the funds from crypto exchange WazirX after detecting a GST evasion of $5.43 million on trade commissions.
Indian taxman recovers $6.62M from WazirX for evading tax on commission
Arijit Sarkar
2022-01-01T05:07:51+00:00
7658
News
On behalf of the Hyderabad City Police, Addl. Commissioner Shikha Goel asked Indian citizens to invest in crypto only through reputed and long-established playe...
Indian police commissioner issues a public warning against crypto frauds
Arijit Sarkar
2021-12-26T09:39:17+00:00
8200
News
“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department.
US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud
Turner Wright
2021-11-16T20:31:15+00:00
11051
News
It appears EOS holders are extremely dissatisfied with the direction the network has headed.
EOS community ramps up battle for organization control against former developer Block.one
Zhiyuan Sun
2021-11-03T19:05:00+00:00
7609

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