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
Research by U.S. think tank Atlantic Council suggests that OneCoin leveraged fake reviews on TrustPilot and Quora to lure investors.
OneCoin Crypto Ponzi Scheme Used Fake Reviews to Improve Its Image
Adrian Zmudzinski
2020-01-29T09:54:00+00:00
5637
News
A New York judge has ordered that the four class-action lawsuits against Bitfinex for 2017 manipulation of the Bitcoin market are now one, though leadership rem...
E Pluribus Unum: Four Class-Action Suits Against Bitfinex Over 2017 BTC Price Now One
Kollen Post
2020-01-27T21:45:00+00:00
2529
News
One disgruntled employee and his accomplice stole hundreds of thousands of dollars from a Japanese project’s Bitcoin wallets because of disagreements with manag...
Disgruntled Employee Stole Bitcoin from Japanese Project Vipstarcoin
Andrey Shevchenko
2020-01-23T13:01:00+00:00
1925
News
Blockvest obtained a small victory in a case against an elderly couple accusing it of unlawful business conduct, but this may not matter in the long run.
Blockvest Saved from Default Judgement in Fraud Case
Andrey Shevchenko
2020-01-23T11:03:00+00:00
800
Analysis
As the FCA looks to shake things up under their new AML regime, how will the U.K. and the global cryptocurrency industry react?
FCA’s New AML Regime – UK’s Crypto Market Will Have to Adapt in 2020
Will Heasman
2020-01-21T13:20:00+00:00
4739
News
The lawyers for Alexander Vinnik, the alleged operator of defunct crypto exchange BTC-e, have filed a complaint alleging violation of Vinnik’s rights.
Vinnik’s Children File a Complaint About Rights Violation to Greek Court
Helen Partz
2020-01-20T16:42:00+00:00
2637
News
Over 5,000 victims of the alleged crypto pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund money lost in the scam.
Ugandan Victims of Dunamiscoins Scam Petition Gov’t for Lost Investments
Helen Partz
2020-01-17T20:16:00+00:00
2873
Follow up
Bitcoin scam ads featuring Martin Lewis appear on Instagram less than a year after Lewis settled a defamation suit with Facebook.
More Bitcoin Scam Ads With Martin Lewis on Instagram — Can We Get a Filter for That?
Osato Avan-Nomayo
2020-01-16T02:00:00+00:00
2903

Follow us on Facebook