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
Authorities in Australia received 674 reports where cryptocurrency was used to pay scammers in 2018.
$4.3 Million Lost as Crypto Scams in Australia Rise 190% in 2018
Thomas Simms
2019-04-29T12:03:00+01:00
3608
News
Members of a local church ended up buying into the Ponzi scheme after a sales pitch, the central bank confirms.
Samoa Investigates Church After OneCoin Defied Legal Ban to Sell Products to Investors
William Suberg
2019-04-26T12:15:00+01:00
12725
News
NChain chief scientist and Bitcoin SV proponent Craig Wright has filed a libel claim in the U.K. against cryptocurrency podcaster Peter McCormack.
Self-Proclaimed Satoshi Craig Wright Sues Podcaster Peter McCormack for Alleged Libel
Adrian Zmudzinski
2019-04-19T13:09:00+01:00
9970
News
Belgium’s Financial Services and Markets Authority updated its crypto-related fraud blacklist to total of 120 websites.
Belgium’s Financial Watchdog Updates Crypto-Related Blacklist to Total of 120 Websites
Helen Partz
2019-04-04T13:31:00+01:00
5750
News
Founders of Canadian-based Vanbex reportedly used the $22 million raised in an ICO for personal benefit instead of building promised products.
Canadian Police Freezes Assets of FUEL Token Issuers due to Alleged $22 Million Fraud
Helen Partz
2019-04-01T18:01:00+01:00
10149
News
HitBTC continues its dispute with altcoin Bitcoin Private’s team after delisting the coin following a scheduled coinburn.
Crypto Exchange HitBTC Appeals to Cryptography in Dispute With Altcoin BTCP
Ana Berman
2019-03-29T18:20:00+00:00
4318
News
The operator of allegedly fraudulent crypto investment scheme CabbageTech has been indicted on nine counts of wire fraud by a U.S. District Attorney.
Alleged CabbageTech Crypto Fraudster Indicted on Nine Counts
Aaron Wood
2019-03-27T00:53:00+00:00
6462
News
Indian law enforcement has arrested four more suspects allegedly involved in a cryptocurrency scam that amassed nearly $17 million.
India: Police Arrest Four More Suspects in Alleged $14 Million Crypto Scam
Adrian Zmudzinski
2019-03-23T13:07:00+00:00
15978

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