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 report released by crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility.
Binance Security Report Sheds Light On Crypto Scams
Adrian Zmudzinski
2020-07-02T03:49:00+01:00
7018
News
Thousands have their personal data leaked by a crypto-based phishing scam.
Bitcoin Scam Exposes Thousands to Data Breach
Felipe Erazo
2020-06-30T16:55:00+01:00
5704
News
A local store owner in Winnipeg reported that several of his customers were victims of a Bitcoin scam.
Another Bitcoin Scam Hits Canada
Felipe Erazo
2020-06-19T21:21:00+01:00
14527
News
Russ Albert Medlin — co-founder of alleged crypto Ponzi scheme BitClub — was arrested in South Jakarta for sexual assault on minors.
Bitcoin Ponzi Scammer Arrested by Jakarta Police for Sexual Assault
Adrian Zmudzinski
2020-06-16T21:33:00+01:00
5020
News
A new Bitcoin-related scam emerged through a phishing site that impersonates a self-destructing encrypted notes service.
Fraudulent Site Impersonates Encrypted Messaging Service to Steal Bitcoins
Felipe Erazo
2020-06-15T19:23:00+01:00
5035
News
The Gibraltar Financial Services Commission has warned the public about four crypto sites that are not regulated by the country.
Gibraltar Financial Watchdog Issues Warnings for Four Crypto Sites
Felipe Erazo
2020-06-06T20:30:00+01:00
6564
News
The latest reports suggest that North Korea could be encouraging the Lazarus group to steal crypto globally.
Kim Jong Un May Be Using Stolen Crypto to Offset Economic Fallout
Felipe Erazo
2020-05-14T22:45:00+01:00
6590
News
A security researcher discovered another 22 Google Chrome web browser extensions that tried to steal users’ cryptocurrencies.
22 More Crypto-Stealing Google Chrome Extensions Discovered
Adrian Zmudzinski
2020-05-08T19:08:00+01:00
15145

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