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.

Fraud News

Cryptocurrencies promise a lot of security and privacy for the users, but reality is that cryptocurrency use often creates victims of different types of scams, such as digital theft, hacking, phishing and the major cryptocurrency scam – fraud. These frauds can exist in different forms – promising, but fraudulent, ICO’s that don’t inform their investors about the risks and might not have a physical address; cryptocurrency investment platforms that vanish after gathering enough money; and fraudulent cryptocurrency exchanges that utilize multiple tactics to cheat their users. Blockchain technologies are relatively new and the hype that surrounds them poached a lot of low-skilled investors into the field. This has become such a problem that, according to the latest news on cryptocurrency fraud, Twitter has even banned ICO-ads in order to protect its users from fraudulent schemes.

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
Shareholders in German fintech Wirecard are taking legal action against Big Four auditor EY in the fallout from the scandal now engulfing the company.
Shareholders File Criminal Complaint Against EY for Alleged Role in Wirecard Scandal
Marie Huillet
2020-06-29T11:13:00+01:00
5955
News
Wirecard’s subsidiary that is responsible for issuing debit cards has been suspended as the company can no longer access customer funds.
Crypto Cards Affected as UK Regulator Suspends Wirecard Subsidiary
Andrey Shevchenko
2020-06-26T11:30:00+01:00
11262
News
Abramoff and the founder of AML Bitcoin face charges for fraud in misrepresenting the token’s compliance, with the founder himself facing jail time for money la...
SEC Charges Lobbying Kingpin Jack Abramoff With Fraud For Promotion of 2018 ICO
Kollen Post
2020-06-25T21:23:00+01:00
2265
News
Wirecard is now filing for insolvency as a sudden $2.1 billion hole in its balance sheet wipes out 32% of the supposed assets owned by the company.
Troubled Debit Card Issuer Wirecard Files for Insolvency
Andrey Shevchenko
2020-06-25T10:41:00+01:00
4957
News
An SEC suit against the operators of a $30 million allegedly fraudulent ICO has been stayed pending the conclusion of parallel criminal proceedings.
SEC Suit Over $30m Crypto Scam Halted Due to Criminal Proceedings
Samuel Haig
2020-06-25T03:46:00+01:00
2690
News
One of the largest ponzi schemes in crypto history is still trying to launder its proceeds, but Ethereum congestion is making that difficult.
Plus Token Money Launderers Stopped Short by Congestion
Andrey Shevchenko
2020-06-24T16:00:00+01:00
6195
News
The CEO of Wirecard, who resigned recently, was arrested by German police under accusations of conspiring to inflate assets and revenue to entice investors.
Resigned Wirecard CEO Detained by Police as $2.1B Fraud Threatens Company
Andrey Shevchenko
2020-06-23T12:27:00+01:00
9767

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