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 reports from trading analytics platform The Tie shows that the majority of exchanges may be faking their exchange volume.
New Report Warns 87 Percent of Cryptocurrency Exchange Volume Is Potentially Suspicious
William Suberg
2019-03-19T13:37:00+00:00
12425
In depth
The crypto elite are hiring bodyguards, but that may change once the industry becomes more legitimate.
BitGuards: Why the Crypto Elite Are Increasingly Relying on Personal Security
Simon Chandler
2019-03-19T01:20:00+00:00
5305
News
American telecoms firm AT&T said that businesses are more seeing crypto mining attacks despite the ongoing bear market.
Businesses Increasingly See Crypto Mining Attacks in Cloud Infrastructures
Helen Partz
2019-03-15T18:48:00+00:00
5320
News
The malicious Google Chrome web extension was tied to a fake token airdrop from cryptocurrency exchange Huobi.
Google Deletes Crypto Malware Targeting Blockchain.com, MyEtherWallet Users
William Suberg
2019-03-15T14:04:00+00:00
7582
News
The Calgary Police Service Cybercrime Team has asked the public to assist in the identification of four individuals allegedly involved in multiple fraudulent Bi...
Canadian Police Asks for Public Assistance to Identify Bitcoin Fraudsters
Ana Alexandre
2019-03-13T23:45:00+00:00
4009
News
Australia’s financial watchdog has shut down the operations of two crypto exchanges in connection with a drug trafficking case.
Australia: Financial Regulator Suspends Two Crypto Exchanges in Drug Trafficking Case
Max Yakubowski
2019-03-08T12:15:00+00:00
4735
News
The South Korean Supreme Prosecutors' Office has announced the establishment of a task force to fight crypto-related crimes.
South Korea Establishes Special Task Force to Prevent Cryptocurrency-Related Crimes
Max Yakubowski
2019-03-07T17:43:00+00:00
2959
News
In Japan, the number of hacked IoT devices and cryptocurrency networks nearly doubled in 2018 when compared to the previous year.
Japan: Hacked IoT Devices and Cryptocurrency Networks Doubled in 2018
Adrian Zmudzinski
2019-03-07T15:36:00+00:00
3596

Follow us on Facebook