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
Veritaseum has been ordered to pay an $8 million disgorgement fine for selling unregistered securities by a New York Eastern District Court.
NY Court Orders Veritaseum to Pay Back $8 Million From Illegal ICO
Helen Partz
2019-11-01T13:31:00+00:00
5338
News
A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent “Sharia-compliant” cryptocurrency and a host of other get-rich-quick schemes...
‘Bitcoin of the Middle East’ Scam Lands Canadian Expat in Dubai Jail
Marie Huillet
2019-11-01T08:49:00+00:00
5787
Explained
Crypto worth billions upon billions of dollars has been lost to fraud. But what are the most common scams, and can they be stopped?
Fraudulent Transactions in Crypto, Explained
Connor Blenkinsop
2019-10-22T19:09:00+01:00
News
SIM swapping victim Michael Terpin wrote an open letter to FCC Chairman Ajit Pai to take action against this type of fraud.
Victim of $24 Million SIM Swap Case Writes Open Letter to FCC Chairman
Joeri Cant
2019-10-22T02:27:00+01:00
8218
Local News
CEO of alleged pyramid scheme Atlas Quantum flees Brazil in Cointelegraph’s weekly digest of news from the country.
Crypto and Blockchain News From Brazil: Oct. 6–12 in Review
Helen Partz
2019-10-13T00:57:00+01:00
3410
News
The United States prosecutors officially indict a man from Singapore for stealing Amazon Web Services’ cloud computing power to mine cryptocurrencies.
US Charges Singaporean Miner Who Stole $5M Worth of Cloud Computing Power
Liam Frost
2019-10-10T06:55:00+01:00
6110
Use Case
Fraud is a sad but undeniable part of the crypto world. But how do you fight it, identify it and stay attuned to the latest scams?
Crypto Scams: The Effect on Consumers and Legitimate Businesses
Connor Blenkinsop
2019-10-08T14:37:00+01:00
2546
Local News
Several Brazilian cryptocurrency firms are under investigation in Cointelegraph’s weekly digest of news from the country.
Crypto News From Brazil: Sept. 30–Oct. 6 in Review
Helen Partz
2019-10-06T20:59:00+01:00
3154

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