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 former Christian pastor targeted his African-American parishioners with fake investments in ‘the first black-owned alkaline water company.'
SEC Alleges Minority Communities Targeted by Bottled Water Scam
Samuel Haig
2020-04-04T21:58:00+01:00
12272
News
Three cryptocurrency traders allegedly scammed over 100 investors in a Ponzi scheme.
Crypto Traders Allegedly Involved in a $35m Ponzi Scheme
Felipe Erazo
2020-04-03T18:00:00+01:00
9998
News
Fake Google Chrome extensions continue to steal funds from users, with a purported COVID-19 case claiming to have lost 14,000 XRP.
Fake Ledger Chrome Extensions Continue to Steal Crypto From Victims
Samuel Haig
2020-03-29T20:00:00+01:00
6521
News
Following a warning from the national watchdog earlier this month, regional authorities across the U.K. say Bitcoin scammers are using the coronavirus crisis to...
Bitcoin Scams Continue to Exploit Covid-19 Chaos in UK
Marie Huillet
2020-03-27T12:17:00+00:00
4758
News
Manitobans are increasingly falling victim to a variety of cryptocurrency scams.
Manitoba Regulator and Police Warn of Increase in Bitcoin Scams
Samuel Haig
2020-03-26T05:38:00+00:00
2023
News
Janet Jackson’s billionaire ex husband, Wissam Al Mana, has demanded that Facebook reveal who placed scam crypto ads on the platform using his image.
Billionaire Demands Facebook Reveal Who Placed Scam Bitcoin Ads About Him
Ana Alexandre
2020-03-25T23:15:00+00:00
5588
News
The U.S. government has rejected the claim of alleged OneCoin money launderer Mark Scott that it failed to produce sufficient evidence against the former attorn...
Feds Fight Motion to Dismiss Case Against One Coin Crypto Scam Lawyer
Samuel Haig
2020-03-25T12:12:00+00:00
4653
News
A scam YouTube account is impersonating Ripple CEO Brad Garlinghouse to promote a fake 50 million XRP airdrop.
YouTube Scam Impersonates Ripple CEO Garlinghouse for Fake XRP Airdrop
Helen Partz
2020-03-24T14:02:00+00:00
6963

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