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
7,096 cases of suspected money laundering tied to crypto were reported to Japanese police in 2018.
Japan: Reported Cases of Crypto-Related Money Laundering Increase 10-Fold in 2018
Marie Huillet
2019-02-28T08:49:00+00:00
4219
News
New York citizen Randall Crater has been charged with the development of an allegedly fraudulent cryptocurrency “My Big Coins” and marketing it to investors.
New York-Based Entrepreneur Charged With Fraudulent Cryptocurrency Scheme
Ana Alexandre
2019-02-27T22:30:00+00:00
6117
News
Huobi Korea strengthens its AML protection and launches an inter-exchange hotline to prevent identity theft, voice phishing and other types of fraud.
Huobi Korea to Strengthen Anti-Money Laundering Protections
Ana Berman
2019-02-21T17:21:00+00:00
2761
News
Blockchain security firm CipherTrace has secured a $15 million investment from Galaxy Digital and other venture capital firms.
Galaxy Digital Joins $15 Million Investment Round in Crypto Security Firm CipherTrace
Helen Partz
2019-02-20T17:12:00+00:00
4189
News
Indian law enforcement busted a group allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees ($14 million).
India: Police Arrest Suspects in Alleged $14 Million Crypto Scam
Adrian Zmudzinski
2019-02-17T18:59:00+00:00
10916
News
Moshe Hageg’s lawyers claim that the white paper is a descriptive, non-binding document.
Lawyers for Israeli Crypto Entrepreneur Say White Paper Confers No Legal Responsibility
Ana Berman
2019-02-10T14:27:00+00:00
5695
News
Hervé Falciani, a whistleblower convicted of purportedly the largest leak in banking history, plans to launch an ethical cryptocurrency to combat money-launderi...
‘Swiss Leaks’ HSBC Whistleblower Plans to Launch ‘Clean, Ethical’ Crypto Token
Marie Huillet
2019-02-08T17:35:00+00:00
7212
News
The apparently fraudulent website failed to scam crypto investors after announcing a fake additional funding round in BTC.
Fake Website Mimicking Bakkt Platform Fails to Scam Crypto Community
Helen Partz
2019-02-08T12:04:00+00:00
5948

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