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
An investigation provided in-depth info regarding how sextortion scams remain profitable for cybercriminals.
Crypto Sextortion Scams Prove to Be Alarmingly Successful
Felipe Erazo
2020-04-22T22:45:00+01:00
8355
News
A Florida resident has been charged by the CFTC for raising $1.6 million through a fraudulent cryptocurrency and forex trading scam.
Florida Man Charged Over $1.6M ‘Compcoin’ Scam
Samuel Haig
2020-04-17T04:25:00+01:00
4298
News
Top Ethereum block explorer Etherscan has launched a machine-learning based system to blacklist tokens and wallets previously associated with illicit activities...
Etherscan Launches Fraud Monitoring and Address Blacklisting
Samuel Haig
2020-04-15T14:44:00+01:00
6944
News
According to an FBI press release on April 13, the number of scams related to cryptocurrency may increase during the COVID-19 pandemic.
Crypto Holders Being Targeted by COVID-19 Scammers — FBI Warning
Turner Wright
2020-04-14T06:48:00+01:00
4726
News
A Chicago businessman has been sued over allegedly misappropriating more than $2 million in funds ostensibly for cryptocurrency trading.
$2M Crypto Scam Allegedly Funded Man’s Lavish Lifestyle
Samuel Haig
2020-04-11T19:00:00+01:00
8503
News
Chainalysis data has found that the value of transactions sent to known scam wallets has dropped significantly amid the coronavirus pandemic and crypto market c...
Despite COVID-19 Scams, Crypto Fraudsters’ Incomes Fell 30% in March
Samuel Haig
2020-04-11T12:16:00+01:00
3825
News
A Bitcoin trading scam claims the involvement of the Duke and Duchess of Sussex Prince Harry Charles Albert David and his wife Meghan Markle.
Bitcoin Trading Scam Claims to Involve Prince Harry and Meghan Markle
Adrian Zmudzinski
2020-04-09T13:56:00+01:00
11241
News
The Texas State Securities Board issued an emergency order against a crypto mining firm that allegedly made fraudulent COVID-19 charity claims.
Texas Regulator Spots Crypto Firm at Fraudulent COVID-19 Charity Claims
Helen Partz
2020-04-08T22:19:00+01:00
2518

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