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
According to the Norwegian Hodlnaut, it seems that Wright is ignoring his legal obligations following a failed legal battle.
Craig Wright Apparently in No Hurry to Pay $60K for Failed Suit
Helen Partz
2020-08-13T13:55:00+01:00
5299
News
Coincurve’s Rod Hsu says facial recognition can stamp out social media Bitcoin scams.
Facial Recognition Could Help to Stamp Out Bitcoin Social Media Scams
Felipe Erazo
2020-08-09T16:00:00+01:00
4590
News
Brother of OneCoin’s missing founder, Konstantin Ignatov is no longer one of key figures in a civil case brought by OneCoin victims.
OneCoin Founder’s Brother Is Dismissed From Civil Class Action
Helen Partz
2020-08-07T21:37:00+01:00
14699
News
PlusToken, one of the greatest exit scams in history, defrauded investors of nearly $6 billion, according to latest reports.
27 Key Execs at PlusToken Scam Are Reportedly Arrested
Helen Partz
2020-07-30T12:07:00+01:00
5474
News
A government building in Hokkaido received a bomb threat from a group of crypto terrorists.
Crypto Scammers Turn Toward Terrorism With a Japanese Bomb Threat
Felipe Erazo
2020-07-29T19:33:00+01:00
3228
News
Two promoters of $4 billion crypto exit scam OneCoin have been found dead in Mexico.
Two OneCoin Promoters Found Dead in Mexico
Helen Partz
2020-07-14T15:58:00+01:00
19842
News
Whale Alert alleges that crypto scams are skyrocketing in 2020 compared to statistics from 2017.
Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far
Felipe Erazo
2020-07-13T20:53:00+01:00
6165
News
The Cardano Foundation has warned that a suspicious firm is trying to rake in investments by claiming contact with the foundation.
Cardano Foundation Warns About Suspicious Activities in Japan
Adrian Zmudzinski
2020-07-09T13:32:00+01:00
9755

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