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
Computer analysts have found a new type of virus — a remote-access trojan — that targets cryptocurrency users.
Researchers Discover New Cryptocurrency-Focused Trojan
Ana Alexandre
2019-08-09T18:40:00+01:00
4399
News
15 countries, including the G7, will reportedly develop a system for tracking crypto transactions to prevent its illicit uses.
15 Countries to Develop Crypto Transaction Tracking System: Report
Helen Partz
2019-08-09T16:04:00+01:00
6376
News
Chinese police are reportedly taking legal action against decentralized cryptocurrency exchange EtherDelta in connection with an apparent exit scam.
China: Police Investigating EtherDelta Over Alleged Exit Scam, Report
Marie Huillet
2019-08-07T09:02:00+01:00
4802
News
An alleged hack of personal information from exchange users should not be taken seriously, says Changpeng Zhao.
Binance Investigating ‘KYC Leak FUD’ as User Selfies Allegedly Exposed
William Suberg
2019-08-07T08:09:00+01:00
13230
News
Scam letters purporting to be from the United States Internal Revenue Service are trying con cryptocurrency taxpayers and others out of their funds.
Scam IRS Letters Trying to Trick Cryptocurrency Users to Pay Up
Marie Huillet
2019-08-06T10:43:00+01:00
4354
News
State-sponsored attacks on exchanges and banks generated considerable revenue under sanctions, new report claims.
North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN
William Suberg
2019-08-06T08:25:00+01:00
13475
News
Singapore’s financial watchdog warns of an online Bitcoin scam scheme using fabricated claims by a former prime minister.
Singapore’s Regulator Warns of New Scam Bitcoin Investment Scheme
Helen Partz
2019-07-31T15:31:00+01:00
9311
News
Cryptocurrency ransomware, botnets and backdoors seem to have replaced cryptocurrency mining malware as the tool of choice for cybercriminals.
Report: Container Software Vulnerabilities On the Rise, Mining Malware Is Fading Away
Ana Alexandre
2019-07-24T21:48:00+01:00
3240

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