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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
U.S. rapper T.I., who launched the FLiK token with his business partner Ryan Felton, is now being sued for $5 million after the coin has broken to the wide.
US Rapper T.I. Sued for $5 Million After His Token Allegedly Fails
Ana Berman
2018-11-02T13:47:00+00:00
77218
News
Ethereum developer and co-creator of the ERC-20 token standard has introduced a new concept for ICOs to better protect investors.
ERC-20 Co-Author Proposes New ICO Model to Protect Investors from Fraudulent Token Sales
Helen Partz
2018-10-31T15:35:00+00:00
8140
News
North Korea has allegedly backed at least two scam coins this year, according to a recent report by a U.S. security firm.
North Korea Allegedly Backed Two Cryptocurrency Scams This Year
Helen Partz
2018-10-25T23:49:00+01:00
11183
News
A New York federal court has ordered BTC hedge fund Gelfman Blueprint, Inc.and its CEO Nicholas Gelfman to pay over $2.5 million in penalties for a fraudulent P...
Bitcoin Hedge Fund and CEO Slapped With $2.5 Million Penalty for Ponzi Scheme
Ana Alexandre
2018-10-19T03:32:00+01:00
19927
News
Ticketmaster has acquired blockchain-focused live events firm Upgraded to enhance its ticketing system and prevent fraudulent tickets.
Ticketmaster to Enhance Ticketing System with Blockchain in New Partnership
Helen Partz
2018-10-18T17:09:00+01:00
8398
News
Toyota has partnered with blockchain ads analytics firm Lucidity to reduce wasted spending and address fraud in its advertising campaigns.
Toyota Uses Blockchain Tech to Reduce Fraud in Digital Advertising Campaigns
Ana Alexandre
2018-10-16T23:50:00+01:00
8116
News
The U.S. Securities and Exchange Commission has halted an ICO that falsely claimed the support of the SEC and used a fake regulatory agency to promote their pro...
US SEC Halts Fraudulent ICO That Claimed to Possess Regulator’s Approval
Helen Partz
2018-10-11T21:10:00+01:00
7332
News
Russian crypto exchange YoBit tweeted that it will pump the price of 10 random coins.
Crypto Exchange YoBit Starts Pump Scheme on Random Coins
Ana Alexandre
2018-10-11T03:34:00+01:00
23176

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