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
Hackers gained access to Binance crypto exchange and took 7,000 bitcoins.
Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach
Aaron Wood
2019-05-08T00:55:00+01:00
47046
News
The French Autorite des Marches Financiers has warned the public against 118 crypto-related actors since March 2018.
French Regulatory Agency Sees 14,000% Surge in Crypto-Related Scam Enquiries Since 2016
Helen Partz
2019-05-07T18:19:00+01:00
3739
News
Canadian blockchain consulting firm Vanbex filed a lawsuit against its former contractor for false defamation.
Vanbex Founders Sue Former Contractor for False Statements That Firm Was a Scam
Helen Partz
2019-05-02T18:41:00+01:00
3195
News
Hackers used Microsoft email accounts to steal users’ cryptocurrency, Motherboard reports.
Hackers Used Microsoft Email Accounts to Steal Users’ Cryptocurrency, Report
Kollen Post
2019-04-30T01:45:00+01:00
12540
News
Authorities in Australia received 674 reports where cryptocurrency was used to pay scammers in 2018.
$4.3 Million Lost as Crypto Scams in Australia Rise 190% in 2018
Thomas Simms
2019-04-29T12:03:00+01:00
3608
News
Blockchain firm RChain informed clients that the firm suffered a scam involving an escrow transaction with counterfeit money.
KuCoin Exchange Blocks Crypto Wallet Allegedly Involved in RChain Token Scam
Helen Partz
2019-04-26T20:35:00+01:00
5151
News
Members of a local church ended up buying into the Ponzi scheme after a sales pitch, the central bank confirms.
Samoa Investigates Church After OneCoin Defied Legal Ban to Sell Products to Investors
William Suberg
2019-04-26T12:15:00+01:00
12725
News
Maltese financial regulator has issued a note to the public regarding the risks of crypto assets and the possibility for scams.
Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams
Ana Alexandre
2019-04-25T21:37:00+01:00
4626

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