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
A federal judge has denied AT&T’s request for dismissal in a SIM-swapping case that resulted in the theft of cryptocurrencies.
Judge Denies AT&T Request for Dismissal in $224M SIM Swap Crypto Case
Max Boddy
2019-07-23T21:28:00+01:00
4880
News
Cyber criminals have been sending scam emails claiming to be from the United Kingdom Financial Conduct Authority and promoting crypto asset investments.
Crypto Criminals Send Scam Emails Impersonating British Financial Watchdog
Ana Alexandre
2019-07-23T21:01:00+01:00
2740
News
While Facebook is struggling to agree on its Libra project, a wave of fake Libra accounts have spread online and onto Facebook itself.
Facebook and Instagram Now Have a Problem With Scam Libra Ads
Helen Partz
2019-07-23T15:10:00+01:00
7564
News
Emirate Coin Tech makes false claims about its legal status, says Malta’s Financial Services Authority.
Suspected Crypto Ponzi Scheme Has No License in Malta, Regulator Warns
William Suberg
2019-07-23T11:47:00+01:00
4058
News
Tencent Yujian Threat Intelligence Center has spotted Ryuk ransomware in China, and received an extortion request in the amount of 11 BTC during their study.
Bitcoin-Seeking Ransomware Ryuk Virus Found and Studied in China
Max Boddy
2019-07-19T02:50:00+01:00
5563
News
A former Microsoft staffer has been arrested for a scheme to steal $10 million in crypto, using some of the funds to buy a Tesla car and lakeside home.
Ex-Microsoft Employee Arrested for $10 Million Crypto Theft
Marie Huillet
2019-07-18T11:03:00+01:00
9100
News
Seven Venezuelans claim to have been lured into a $30 million Ponzi scheme with a cryptocurrency pegged to diamonds
Venezuelan Investors File Lawsuit With US Court in Connection With $30M Crypto Fraud
Ana Alexandre
2019-07-16T20:16:00+01:00
3919
News
The co-founder of defunct Bitcoin exchange BitFunder has received 14 months imprisonment in connection with federal charges of obstruction of justice and securi...
Co-Founder of Now-Defunct BitFunder Gets 14 Months Imprisonment
Ana Alexandre
2019-07-12T21:24:00+01:00
6119

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