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
The notorious North Korean hackers known as the Lazarus APT Group have created another malware targeting Apple Macs and cryptocurrency users.
N. Korean Hackers’ New MacOS Malware Hides Behind Fake Crypto Firm
Marie Huillet
2019-10-14T14:43:00+01:00
5073
News
Bank of Ireland executives have backed out of testifying before the U.S. Government in the criminal proceedings regarding OneCoin multi-million scam.
Bank of Ireland Execs Back Out of Testifying in OneCoin Scam Hearings
Ana Alexandre
2019-10-12T00:32:00+01:00
10785
News
The United States prosecutors officially indict a man from Singapore for stealing Amazon Web Services’ cloud computing power to mine cryptocurrencies.
US Charges Singaporean Miner Who Stole $5M Worth of Cloud Computing Power
Liam Frost
2019-10-10T06:55:00+01:00
6110
News
The MasterMana botnet is proving that even budget hackers can achieve considerable success via phishing email scams.
Research: $160 Malware Botnet Tries to Steal Crypto From 72,000 Devices
William Suberg
2019-10-04T08:43:00+01:00
3205
News
Executives from the Bank of Ireland have been asked to testify in the case of a OneCoin crypto scam money launderer.
Attorneys Seek Bank of Ireland Execs’ Testimony Against OneCoin Scammer
Helen Partz
2019-09-30T17:49:00+01:00
7348
News
Scammers ask Brits for nearly $2.5 million in Bitcoin, claiming to spend the money to maintain the local economy after Brexit.
Fake Royal Letter Asks $2.5M in BTC to Save UK’s Economy After Brexit
Helen Partz
2019-09-27T20:57:00+01:00
3157
News
Binance claims to have assisted British police in investigating an online fraud exposed to 500,000 potential victims.
Binance Helps UK Police to Stop $51 Million Phishing Fraud
Helen Partz
2019-09-27T20:39:00+01:00
3708
News
Court rules that CoinOne exchange must compensate hacked investor 25 million won.
South Korean Court: Exchange Must Cover User’s Stolen Cryptocurrency
Jack Martin
2019-09-27T11:59:00+01:00
2265

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