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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
The U.S. CFTC joins the list of global authorities warning the public against crypto scammers trying to capitalize on the widespread coronavirus fears.
Alongside Market Relief Package, US CFTC Warns of COVID-19-Linked Crypto Scams
Helen Partz
2020-03-23T22:11:00+00:00
3471
Interview
Cointelegraph spoke to the CEO of Attestiv on his company’s recent $2M raise, deep-fakes, and the role of blockchain in combating fake news.
Attestiv CEO on Using DLT to Fight Fake News, Insurance Fraud, and Deep-Fakes
Samuel Haig
2020-03-22T17:00:00+00:00
2371
News
Two Canadian nationals will spend 24 months in a U.S. federal prison for stealing 23.2 Bitcoins in a scam executed on Twitter.
Two Canadians Sentenced to Prison Time in US for Bitcoin Theft
Samuel Haig
2020-03-18T12:34:00+00:00
5027
News
A study by a trust-gauging company claims that cryptocurrency-related scams are the second-riskiest in Canada and the U.S.
Better Business Bureau: Crypto Scams Are The Second Riskiest in North America
Felipe Erazo
2020-03-10T22:17:00+00:00
6261
News
Following a successful rollout in the south of the country, China’s blockchain invoicing system is being introduced to the capital.
Beijing to Test Blockchain Platform for Fighting Fraudulent Invoices
Marie Huillet
2020-03-10T09:24:00+00:00
2120
Analysis
USDT remains the largest stablecoin by far and is listed on all the major exchanges and wallets. Sogani: “Any [court] decision will impact the industry directly...
Proving That Tether Manipulated Bitcoin 2017 Bull Run Won’t Be Easy
Andrew Singer
2020-03-08T16:45:00+00:00
8148
News
Both co-founders of an alleged Ponzi scheme called Zima Digital Assets have pleaded not guilty to operating a $9 million cryptocurrency investment fraud.
Co-Founders of Alleged $9 Million Crypto Ponzi Scheme Plead Not Guilty
Samuel Haig
2020-03-05T10:15:00+00:00
4444
News
The Swedish government is demanding action from Ukraine for an alleged $70 million fraud scheme that targeted victims who showed interest in cryptocurrency.
Swedish Foreign Minister Urges Ukraine to Investigate $70 Million Bitcoin Fraud
Andrey Shevchenko
2020-03-04T15:59:00+00:00
1727

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