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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
Playboy Enterprises is suing Canadian company Global Blockchain Technologies, claiming that it failed to integrate the Vice Industry Token on Playboy’s sites.
Playboy Sues Canadian Blockchain Firm for Fraud and Breach of Contract
Ana Alexandre
2018-08-15T01:32:00+01:00
10838
News
The Steam platform has removed a game from its store for hijacking users’ computers to mine cryptocurrency.
Indie Game Delisted From Steam Marketplace for Alleged Cryptojacking and Scams
Ana Alexandre
2018-07-31T02:33:00+01:00
16770
News
A Greek court has accepted a Russian request to extradite Alexander Vinnik, complicating his case as France and the U.S. also vie for his extradition.
New Extradition Request Complicates Case of Bitcoin Fraud Suspect Alexander Vinnik
Ana Alexandre
2018-07-31T01:15:00+01:00
14549
News
The founder of BitFunder has pleaded guilty to federal charges of defrauding investors and forging data regarding the 2013 BitFunder hack.
BitFunder Founder Pleads Guilty to Charges of Fraud and Obstruction of Justice
Helen Partz
2018-07-24T04:51:00+01:00
19043
News
Greek court rules to extradite Russian national Alexander “Mr. Bitcoin” Vinnik to France on charges of fraud and money laundering.
Greek Court Rules to Extradite Alexander Vinnik, Accused of Laundering $4 Bln in Bitcoin
Helen Partz
2018-07-14T20:40:00+01:00
24164
News
A joint regulatory task force set up by U.S. presidential decree seeks to combat digital currency fraud risks to the general public.
New US Gov’t Task Force Highlights Digital Currency Fraud for ‘Particular Attention’
William Suberg
2018-07-12T13:49:00+01:00
16307
Sponsored
A company is creating cognitive ad banners which use AI and blockchain to reward consumers with tokens – increasing engagement with advertisers.
Exchange Using AI and Blockchain to Tackle Ad Industry’s $19 Billion Fraud Problem
Connor Blenkinsop
2018-07-02T15:15:00+01:00
20104
News
There are over 1,000 “dead” crypto projects as of June 30, TechCrunch reports citing two websites that track dysfunctional ICOs.
TechCrunch: Over 1000 Crypto Projects Are Considered ‘Dead’ Now
Helen Partz
2018-07-01T00:00:00+01:00
71864

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