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
New Zealand digital assets exchange Cryptopia has suspended services after reportedly detecting a major hack that has allegedly resulted in significant losses.
NZ Exchange Cryptopia Reports Hack With 'Significant Losses'
Marie Huillet
2019-01-15T12:11:00+00:00
16002
News
The Spanish National Securities Market Commission has added 23 unauthorized forex and cryptocurrency entities to its warning list.
Spanish Securities Regulator Adds 23 Forex and Cryptocurrency Exchanges to Warning List
Adrian Zmudzinski
2019-01-14T13:23:00+00:00
5684
News
Ethereum Nowa and Ethereum Classic Vision are reportedly appropriating the private keys of users trying to redeem the allegedly forked coins.
Two Alleged Ethereum ‘Scam Forks’ Appropriating Users’ Private Keys, Report Finds
Adrian Zmudzinski
2019-01-11T11:19:00+00:00
14217
News
A Maltese actor and two TV show hosts notify the police following a fake news article about their involvement in a crypto investment scheme.
Maltese Celebrities Notify Police After False Report of Involvement in Crypto Investment Scheme
Ana Berman
2019-01-10T17:36:00+00:00
4425
News
The Twitter account of a Belgian non-profit was evidently breached and made to imitate Coinbase and advertise a Bitcoin giveaway scam.
Hackers Turn Twitter of Belgian Non-Profit Into Fake Coinbase Promo Account
Ana Alexandre
2019-01-10T02:00:00+00:00
10679
News
CG Blockchain, a company affiliated with trading service Blockchain Terminal, is being sued by U.S. financial research company FactSet for a breach of contract.
US: Financial Data Co. FactSet Sues Blockchain Terminal Affiliate
Ana Berman
2019-01-09T19:58:00+00:00
5280
New Year Special
Scams and frauds were still prevalent in 2018 despite a decline in the cryptocurrency market value.
From Bitconnect to SIM-Swap Swindling: 2018's Biggest Scams
Gareth Jenkinson
2019-01-09T13:51:00+00:00
14192
News
A fake news website released an article employing the image of New Zealand’s former prime minister to promote an alleged crypto scam.
Fake News Site Promotes Bitcoin With Image of Ex-New Zealand PM
Adrian Zmudzinski
2019-01-06T14:17:00+00:00
7377

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