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
Alleged $4 billion BTC launderer Alexander Vinnik to be extradited to France despite Russia’s multiple efforts to bring him to the country of his citizenship.
Russia Is Unhappy About Greece Extraditing Alleged Money Launderer Vinnik to France
Helen Partz
2019-12-20T17:07:00+00:00
4104
News
Thailand, one of the most-visited countries in the world, will soon apply blockchain to its Electronic Visa On Arrival.
Thailand Integrates Blockchain to E-Visa System for Higher Security
Helen Partz
2019-12-19T15:18:00+00:00
9981
News
Two Canadian brothers hacked the account of a HitBTC user to steal 23 BTC in July 2018, but will now face sentencing for wire fraud.
HitBTC Scammers Face Two Years in Jail for $140K Bitcoin Twitter Fraud
William Suberg
2019-12-17T09:24:00+00:00
4602
News
New York Attorney General continues to push to investigate the alleged multimillion dollar coverup involving Bitfinex and Tether.
New York AG Finds It ‘Perverse’ for Bitfinex and Tether to Criticize Investigation
Joeri Cant
2019-12-14T01:04:00+00:00
6402
News
Shopin founder and former CEO Eran Eyal pleads guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million.
Shopin Founder Pleads Guilty to Orchestrating Fraudulent $42 Million ICO
Joeri Cant
2019-12-12T22:31:00+00:00
2924
News
Shopin Founder and CEO Eran Eyal allegedly spent $500,000 of investor funds on personal expenses.
US SEC Charges Shopin Founder With Orchestrating Fraudulent $42 Million ICO
Joeri Cant
2019-12-12T00:55:00+00:00
3278
News
New Jersey authorities announce the arrest of three founders of alleged $722 million crypto Ponzi scheme BitClub Network.
Three Men Arrested for Running Alleged $722 Million Crypto Ponzi Scheme
Kollen Post
2019-12-10T23:59:00+00:00
14469
News
Ugandan police have reportedly seized Samson Lwanga, one of the directors of the alleged cryptocurrency pyramid scheme Dunamiscoins Resources Limited.
Ugandan Police Hold Director of Alleged $2.7M Crypto Ponzi Scheme
Ana Alexandre
2019-12-10T13:23:00+00:00
4180

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