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
Russian crypto exchange Livecoin claims that it has suffered a “carefully planned attack,” but some in the community suspect an exit scam.
Livecoin exchange goes offline after Bitcoin price reportedly exceeds $320K
Helen Partz
2020-12-25T13:11:21+00:00
68548
News
More countries are allegedly involved in a major global Bitcoin ad scam.
Investigation traces scam Bitcoin celeb ads to Moscow
Helen Partz
2020-12-15T10:12:04+00:00
4372
News
The SEC summarized its efforts on combating crypto misconduct as its chairman is set to step down by the end of this year.
SEC brought 56 cases against crypto-related firms during Jay Clayton’s tenure
Helen Partz
2020-11-17T13:31:12+00:00
5246
News
Scam websites posing as famous crypto projects ask for private keys so they can steal users' funds.
Yearn Finance doppelganger scam tries to trick visitors out of their keys
Mohammad Musharraf
2020-10-22T12:52:09+01:00
6680
News
Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin?
Fool's gold? Peter Schiff's bank under investigation in tax evasion probe
Andrew Thurman
2020-10-18T16:09:04+01:00
17761
News
The New York Department of Financial Services found that crypto firms blocked the Twitter hackers’ crypto addresses within 40 minutes.
New York polls crypto firms on security measures after Twitter hack
Marie Huillet
2020-10-16T13:45:46+01:00
13116
News
The legal team behind the case called it a “prolific cryptocurrency scam.”
Multi-millionaire Dick Smith threatens to sue The Guardian over Bitcoin scam ads
Turner Wright
2020-10-09T02:34:41+01:00
7357
News
Scammers are taking advantage of one of Bitcoin's strengths, as once lauded by Satoshi Nakamoto.
Fraudsters are switching from credit cards to Bitcoin, says consumer protection company
Michael Kapilkov
2020-10-05T22:00:00+01:00
9428

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