Please note, this is a STATIC archive of website cointelegraph.com from 17 Oct 2021, cach3.com does not collect or store any user information, there is no "phishing" involved.

Bitcoin Scams News

Bitcoin scams (and other cryptocurrency scams) are an unfortunate aspect of this burgeoning industry. Bitcoin (BTC) was invented as an open, permissionless alternative to the traditional financial system, but with this freedom to transact beyond borders and central administration came opportunities for criminals to exploit this system. 

Legacy financial and monetary systems are certainly rife with scams, but victims are (usually) able to seek recourse and justice in the traditional banking system. Bitcoin, however, does not have insurance policies or a customer support line. 

Bitcoin scams can take many forms, including Ponzi schemes designed to enrich a few at the expense of many, cloud mining schemes promising accessibility and profitability in a centralized mining operation with little capability to deliver on either, and phishing scams designed to steal an unsuspecting individual’s cryptocurrency. 

As regulatory agencies are tasked to enforce frameworks that protect consumers, there is an important distinction between acknowledging and preventing scams within the Bitcoin ecosystem and classifying the cryptocurrency itself as a scam. 

News
Thai police have busted an alleged Bitcoin scam trading scheme in Bangkok, arresting 24 Chinese nationals and seizing hardware.
Thai Police Arrest 24 Chinese Nationals for Alleged Bitcoin Scam
Aaron Wood
2019-12-06T09:38:00+00:00
4258
News
Security researchers have discovered a new cryptocurrency-related macOS malware believed to be developed by North Korean hackers at the Lazarus Group.
Researchers Detect New North Korea-Linked MacOS Malware on Crypto Trading Site
Ana Alexandre
2019-12-04T16:25:00+00:00
4067
Follow up
New research suggests that the Bitcoin price could be still absorbing the effects of the alleged PlusToken exit scam.
PlusToken Effect: Alleged Asian Exit Scam to Blame for Market Decline?
Kirill Bryanov
2019-12-03T16:28:00+00:00
4417
News
A Vancouver-based investor claims that he lost at least $430,000 due to misconduct and breaches of contract by crypto firm Stox.
Disgruntled Investor Sues Stox Prediction Market and Founder
Helen Partz
2019-11-29T18:12:00+00:00
4445
News
The national police force of New Zealand seize over $4 million in cryptocurrency from Jaron David McIvor, suspected of laundering proceeds from online movie pir...
New Zealand Police Seize $4.2 M in Crypto in Movie Piracy Investigation
Joeri Cant
2019-11-23T01:35:00+00:00
4432
News
Neil Bush — son and brother of two U.S presidents — is alleged to have been paid $300,000 to attend a meeting involving OneCoin co-founder and current fugitive ...
Report: George Bush’s Brother Got $300K for Meeting With OneCoin’s ‘Cryptoqueen’
Marie Huillet
2019-11-18T12:52:00+00:00
5466
News
Ignatov signed a plea on Oct. 4 and faces up to 90 years in prison for money laundering and fraud charges.
OneCoin Co-Founder Pleads Guilty, Faces up to 90 Years in Jail
Helen Partz
2019-11-14T19:30:00+00:00
15839
News
A Dutch court has ruled that Facebook must remove crypto-related fraudulent investment ads after television producer John de Mol filed a lawsuit against the com...
Dutch Court Orders Facebook to Remove Fake Bitcoin Ads
Ana Alexandre
2019-11-11T17:43:00+00:00
4867

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