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
US-based exchange Coinbase is being targeted by a new banking Trojan that steals Google 2FA Codes.
Threat Alert: New Trojans Targeting Major Crypto Exchanges Apps Discovered
Samuel Haig
2020-02-29T16:41:00+00:00
10497
News
A former employee at Microsoft has been found guilty of 18 federal felonies in connection with a complex scheme to embezzle $10 million using cryptocurrency.
Ex-Microsoft Employee Convicted of 18 Felonies in Digital Currency Scheme
Marie Huillet
2020-02-26T09:30:00+00:00
3170
Follow up
Following two significant attacks on lending protocol bZx, what are the potential ramifications for the DeFi sector?
Are the BZx Flash Loan Attacks Signaling the End of DeFi?
Will Heasman
2020-02-22T20:00:00+00:00
13917
News
Belgium’s Financial Services and Markets Authority has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity.
Belgian Regulator Adds New Crypto-Related Businesses to Its Blacklist
Ana Alexandre
2020-02-21T13:43:00+00:00
3560
News
The mastermind behind the $147 million Gemcoin cryptocurrency scam, has admitted to wire fraud and tax evasion.
Gemcoin Founder Admits to Fraud in $147 Million Scheme
Henry Kanapi
2020-02-20T04:20:00+00:00
4363
News
A new extortion scam targeting website owners serving banner ads through Google's AdSense program demands BTC in exchange for preventing an attack.
New Email Extortion Scam Targets Google’s AdSense, Demands Bitcoin
Ana Alexandre
2020-02-17T17:38:00+00:00
5659
Analysis
How is the FATF’s AML guidance being implemented around the world, and what is its impact on the crypto industry?
Governments Begin to Roll Out FATF’s Travel Rule Around the Globe
Will Heasman
2020-02-14T23:13:00+00:00
14510
News
An increase in crypto crime brings total direct losses to $4.5 billion, but legacy banks are yet to feel the pain.
Crypto Fraud Now Exposing Legacy Banks to Compliance Issues, Reports CipherTrace
Jon Rice
2020-02-11T17:43:00+00:00
3014

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