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
QuadrigaCX’s co-founder Michael Patryn is allegedly formerly known as Omar Dhanani, who operated a credit card fraud scheme in 2002.
QuadrigaCX Co-Founder Michael Patryn Is Actually Convicted Criminal Omar Dhanani: Report
Helen Partz
2019-03-19T16:41:00+00:00
11411
News
Cryptocurrency fund manager Stefanos Papanastasiou is about to be brought to court by his clients over alleged losses.
Australia: Clients Take Crypto Fund Manager to Court, Cite $14.2 Million in Losses
Adrian Zmudzinski
2019-03-19T15:44:00+00:00
4841
News
Bitcoin Private (BTCP) developers have accused cryptocurrency exchange HitBTC of fraud in connection with the recent coinburn.
Bitcoin Private Team Accuses Crypto Exchange HitBTC of Fraud After Delisting
Adrian Zmudzinski
2019-03-10T15:10:00+00:00
9573
News
Morgan Rockcoons, the CEO of crypto city project Bitcointopia, pleaded guilty to selling land he didn’t have.
CEO of Crypto City Project Bitcointopia Pleads Guilty to Selling Land He Didn’t Have
Adrian Zmudzinski
2019-03-09T15:46:00+00:00
6964
News
А U.S. District Attorney has charged the founders of a crypto pyramid scheme that involved the marketing of a fraudulent digital currency “OneCoin.”
US District Attorney Charges OneCoin Founders With ‘Billions’ in Alleged Fraud
Ana Alexandre
2019-03-08T20:43:00+00:00
19497
News
Australia’s financial watchdog has shut down the operations of two crypto exchanges in connection with a drug trafficking case.
Australia: Financial Regulator Suspends Two Crypto Exchanges in Drug Trafficking Case
Max Yakubowski
2019-03-08T12:15:00+00:00
4735
News
The South Korean Supreme Prosecutors' Office has announced the establishment of a task force to fight crypto-related crimes.
South Korea Establishes Special Task Force to Prevent Cryptocurrency-Related Crimes
Max Yakubowski
2019-03-07T17:43:00+00:00
2959
News
U.K.’s Financial Conduct Authority has warned the public against illicit Bulgaria-based Next Coin, which claims to be FCA-authorized.
UK Financial Watchdog Warns Against Firm Claiming to be Authorized With FCA
Helen Partz
2019-03-07T13:34:00+00:00
3404

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