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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
Italian securities watchdog CONSOB has halted two projects for allegedly offering fraudulent crypto investments.
Italy: Securities Regulator Suspends Two Crypto Firms for Alleged Scam Investment Schemes
Helen Partz
2018-12-17T19:44:00+00:00
7974
News
The man behind the “Blockchain Terminal” ICO has been ousted as a convicted financial criminal who concealed his former identity.
Report: Financial Criminal Allegedly Revealed as Figure Behind ‘Blockchain Terminal’ ICO
Marie Huillet
2018-12-12T14:27:00+00:00
7438
News
Cryptocurrencies are “Ponzi schemes,” while blockchain is “important,” says former Israeli prime minister.
Israel: Former PM Calls Crypto a ‘Ponzi Scheme,’ But Underlines Importance of Blockchain
Max Yakubowski
2018-12-04T15:46:00+00:00
4058
News
Thailand’s Revenue Department is conducting tests of a blockchain system for tracking value-added tax (VAT) payments.
Thailand’s Revenue Department Tests Blockchain for Tracking Value-Added Tax Payments
Adrian Zmudzinski
2018-12-03T18:30:00+00:00
4455
News
The Japanese Financial Services Agency is introducing new, stricter ICO regulation to protect investors.
Japan’s Financial Regulator to Introduce New ICO Regulations
Adrian Zmudzinski
2018-12-02T16:35:00+00:00
9132
News
A Cyprus court has dropped the lawsuit against alleged BTC-e former operator Alexander Vinnik, with the next session scheduled for Nov. 29.
Cyprus Court Withdraws Money Laundering, Fraud Lawsuit Against Alleged BTC-e Operator
Max Yakubowski
2018-11-28T10:58:00+00:00
4228
Follow up
The suspect in the first criminal ICO case never issued a single token.
The Making of the First US ICO Fraud Case
Kirill Bryanov
2018-11-24T17:25:00+00:00
7199
News
SBI Ripple Asia and the Japan Payment Card Consortium have announced a joint proof of concept to prevent fraud with blockchain technology.
SBI Ripple Asia, Japan Payment Card Consortium Partner on Blockchain System to Fight Fraud
Marie Huillet
2018-11-23T13:36:00+00:00
6267

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