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 Malta Financial Services Authority has warned global investors against a scam scheme known as Bitcoin Revolution.
Malta’s Financial Watchdog Warns Global Investors Against ‘Bitcoin Revolution’ Scam
Helen Partz
2019-01-25T17:56:00+00:00
29506
News
Following international police collaboration, a 36-year-old individual suspected of the theft of over $11 million in IOTA has been arrested.
International Police Collaboration Leads to Arrest of Suspect in $11 Million IOTA Theft
Adrian Zmudzinski
2019-01-24T16:43:00+00:00
5581
News
Two leaders of South Korean cryptocurrency exchange Komid were reportedly sentenced to serve jail time for faking exchange volumes.
Leaders of South Korean Crypto Exchange Komid Jailed for Faking Volume: Local Media
Adrian Zmudzinski
2019-01-20T12:13:00+00:00
8115
News
Seven people who allegedly managed a fraudulent crypto investment scheme have been charged with violation of multiple banking and business laws in Taiwan.
Taiwan Indicts Seven Allegedly Fraudulent Bitcoin Investment Managers
Adrian Zmudzinski
2019-01-19T15:20:00+00:00
7342
News
CG Blockchain, a company affiliated with trading service Blockchain Terminal, is being sued by U.S. financial research company FactSet for a breach of contract.
US: Financial Data Co. FactSet Sues Blockchain Terminal Affiliate
Ana Berman
2019-01-09T19:58:00+00:00
5280
New Year Special
Scams and frauds were still prevalent in 2018 despite a decline in the cryptocurrency market value.
From Bitconnect to SIM-Swap Swindling: 2018's Biggest Scams
Gareth Jenkinson
2019-01-09T13:51:00+00:00
14192
News
The Federal Court of Australia has imposed a travel ban and frozen the funds of John Bigatton, a promoter of $2.6 billion alleged Ponzi scheme Bitconnect.
Australian Federal Court Imposes Travel Ban, Fund Freeze on Bitconnect Promoter
Adrian Zmudzinski
2019-01-08T15:51:00+00:00
5859
News
The founder of Romanian cryptocurrency exchange Coinflux will reportedly be extradited to the United States.
Founder of Romanian Crypto Exchange Coinflux to Be Extradited to US on Multiple Allegations
Adrian Zmudzinski
2019-01-05T12:04:00+00:00
17617

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