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
The CFTC continues its roll of crypto announcements this week in a recent fraud bust-up.
CFTC promises to protect 'the burgeoning markets for digital assets such as Bitcoin'
Kollen Post
2020-10-02T22:28:55+01:00
5287
Analysis
Twitter doesn’t seem able to move fast enough to stop thieves from grossly misusing their platform.
You won’t believe the depths to which crypto scammers on Twitter are willing to sink
Michael Kapilkov
2020-09-22T23:46:15+01:00
6201
News
And how much did Satoshi Nakamoto contribute to the 'Zombie' fund?
Who owns more Bitcoin: Winklevoss Twins, Mt. Gox or Plus Token Scammers?
Michael Kapilkov
2020-09-10T21:36:53+01:00
6558
News
The cases of the robber’s two accomplices are still pending.
Singapore man pleads guilty to stealing $360K in fake Bitcoin sale
Helen Partz
2020-09-09T12:20:00+01:00
4146
News
The alleged crypto scam websites are still intact.
‘Bitcoin Pope’ faces up to 10 years in jail for running two crypto scams
Helen Partz
2020-09-07T12:28:00+01:00
15468
Breaking news
They even wrote a self-help book about becoming a millionaire. Sounds like that may need to be updated.
Ministers used influence to pilfer millions in alleged Ponzi Scheme
Benjamin Pirus
2020-08-28T22:09:14+01:00
15136
News
He doesn’t know if it was the work of crypto malware or a more sophisticated hack.
Reddit user warns of a copy & paste exploit that stole his crypto
Felipe Erazo
2020-08-26T21:54:00+01:00
9268
News
“Avoid Bitcoin like the plague.”
‘I would never invest one cent in Bitcoin,’ says Ryanair CEO
Adrian Zmudzinski
2020-08-24T13:42:00+01:00
35718

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