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
Floyd Mayweather and DJ Khaled had been involved in promoting Centra Tech’s fraudulent initial coin offering.
Floyd Mayweather and DJ Khaled Escape Lawsuit Brought by Defrauded ICO Investors
Thomas Simms
2019-05-14T19:06:00+01:00
8825
News
United States-Based investor Michael Terpin won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who allegedly defrauded him of crypto assets...
US Blockchain Investor Terpin Awarded Over $75 Million in SIM Swapping Case
Adrian Zmudzinski
2019-05-11T20:28:00+01:00
18148
News
The U.S. Department of Justice announced that a group of hackers might face over 100 years in prison after stealing $2.5 million.
US DoJ Charges Group of Individuals Who Stole $2.5 Mln in Crypto Via SIM Swapping
Ana Berman
2019-05-10T16:03:00+01:00
5557
News
Former OneCoin investor Christine Grablis is suing cryptocurrency firm OneCoin Ltd for fraud.
Former Investor Sues OneCoin Scheme, Seeks Class Action
Max Boddy
2019-05-08T00:05:00+01:00
14126
News
The French Autorite des Marches Financiers has warned the public against 118 crypto-related actors since March 2018.
French Regulatory Agency Sees 14,000% Surge in Crypto-Related Scam Enquiries Since 2016
Helen Partz
2019-05-07T18:19:00+01:00
3739
Expert Take
How blockchain could be used to tackle internal fraud.
Catch Me If You Can: Fighting Fraud With Blockchain
Thomas Glucksmann
2019-05-06T18:21:00+01:00
6326
News
A top executive at one of Asia’s largest banks says trade finance needs to go digital because forged paper records have become too sophisticated.
Exec Warns $9 Trln Trade Finance Industry Must Go Digital to Combat Fraud, Cites Blockchain
Thomas Simms
2019-05-06T13:43:00+01:00
3366
News
Canadian blockchain consulting firm Vanbex filed a lawsuit against its former contractor for false defamation.
Vanbex Founders Sue Former Contractor for False Statements That Firm Was a Scam
Helen Partz
2019-05-02T18:41:00+01:00
3195

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