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 security firm analyzing the content of the emails believes a Pyongyang hacker group masterminded the scheme.
UpBit Exchange Phishing Email Scam Came From North Korea, Source Claims
William Suberg
2019-05-31T11:20:00+01:00
2793
News
A senior official warned U.S. measures were pressuring Pyongyang into finding illicit channels of income.
North Korea Launched Cryptocurrency Attacks in Response to Sanctions, Says FBI
William Suberg
2019-05-30T12:12:00+01:00
6164
News
Russia’s Ministry of Internal Affairs reported on the arrest of the alleged creator of a crypto pyramid scheme from Kazakhstan.
Russian Police Arrest Alleged Creator of Large Crypto Pyramid Scheme From Kazakhstan
Helen Partz
2019-05-29T14:18:00+01:00
3312
News
Morgan Rockoons engaged in fraudulent activity while already on bail for unlicensed money transmission.
US LocalBitcoins Trader Who Offered Fake Real Estate Gets 21-Month Jail Term
William Suberg
2019-05-29T08:53:00+01:00
3176
News
The Australian Securities and Investments Commission issued a warning against OneCoin, alleging it could be involved in a scam.
Australian Securities and Investments Commission Officially Warns Against OneCoin
Helen Partz
2019-05-28T13:12:00+01:00
10215
News
An app that claims to enable users to earn BTC and ETH automatically is a front for ransomware and Trojans, a security researcher claims.
App Offering Free Bitcoin and Ether to Users Is a Scam, Malware Hunter Warns
Thomas Simms
2019-05-27T13:29:00+01:00
4757
News
Trezor says the fake app does not pose a direct threat to users, but is concerned that attackers could attempt to phish its customers in future.
Fake Crypto Wallet App Imitating Trezor Found on Google Play Store
Thomas Simms
2019-05-23T13:38:00+01:00
4045
News
A Dutch investigation agency and Europol have shut down a $200 million crypto tumbler for being involved in money laundering.
Europol Shuts Down $200 Million Crypto Mixing Service Bestmixer
Helen Partz
2019-05-22T17:36:00+01:00
9310

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