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
The Financial Conduct Authority reported that investment scams’ losses amounted to over $255 million in 2018.
UK Financial Watchdog: $255 Mln Lost in Crypto-Related, Other Investment Scams in 2018
Helen Partz
2019-02-06T11:59:00+00:00
4115
News
New York-based firm Blue Ocean Capital is being accused of fraud for allegedly duping an investor out of $2 million
Crypto Firm Accused of Fraud, Duping Investor Into Buying $2 Million in Tokens
Aaron Wood
2019-02-06T02:07:00+00:00
9757
News
The case is the second indictment to appear from U.S. authorities this week amid the persisting spread of SIM-swapping.
US Indicts Two More Men on Fraud and Extortion in SIM-Swapping Investigation
William Suberg
2019-02-05T13:37:00+00:00
3377
News
The Manhattan District Attorney has announced New York’s first prosecution for SIM swapping, which resulted in the theft of $10K in crypto.
Crypto Thief Indicted in New York’s First SIM Swapping Prosecution
Adrian Zmudzinski
2019-02-02T15:15:00+00:00
8770
News
The Monetary Authority of Singapore warned public against a scam that claims crypto is officially adopted in the country.
Singapore: Regulator Warns of Online Scam Claiming Gov’t Adoption of Crypto
Helen Partz
2019-01-30T15:43:00+00:00
10712
News
The Italian securities regulator has added crypto company Togacoin to its scam blacklist.
Italian Securities Regulator CONSOB Adds Crypto Company Togacoin to Scam Blacklist
Adrian Zmudzinski
2019-01-28T12:32:00+00:00
5972
News
Police in New Taipei, Taiwan, arrested fifteen suspects for allegedly running a cryptocurrency scam that raked in millions of dollars.
Fifteen Alleged Operators of $8 Million Crypto Scam Arrested in Taiwan
Adrian Zmudzinski
2019-01-27T11:56:00+00:00
6748
News
A Chinese investor has sued a prominent Israeli crypto entrepreneur and his blockchain-based prediction market platform for $4.6 million over alleged fraud.
Blockchain Startup Stox and Founder Sued for $4.6 Million Over Alleged Fraud
Marie Huillet
2019-01-25T18:22:00+00:00
5730

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