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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
US Securities and Exchange Commission freezes assets of PlexCoin’s issuers, calls the ICO both a securities offering and a scam.
Another First: SEC Filed Emergency Order to Freeze Assets of Fraudulent ICO
David Dinkins
2017-12-04T19:12:00+00:00
25036
Expert Take
International tax officer sums up current state of ICO regulation in US
ICOs Flow Continues As Regulations Fall Around the World: Expert Blog
Selva Ozelli
2017-11-26T13:55:00+00:00
29694
Confido ICO is all but confirmed to be a scam, as founders disappear.
Confido ICO Raises $340K, Vanishes
Jon Buck
2017-11-22T11:51:00+00:00
36892
Sponsored
Over 400 mln gamers worldwide currently trade “skins,” making up an industry that is currently worth over $50 bln dollars.
WAX Token Sale Set to Disrupt the $50 Bln Virtual Asset Trading Industry
Guest Author
2017-11-15T14:36:00+00:00
21765
Blockchain technology providing new and better solutions for hacking events.
How Blockchain Would’ve Saved Bitcoin Gold, Can Stop Hackers
Jon Buck
2017-11-01T07:55:00+00:00
15921
Regulations
SEC Enforcement division says regulation is necessary to prevent fraud in ICOs
SEC Enforcement Division Says ICOs a Vehicle For Fraud
Jon Buck
2017-10-28T10:25:00+01:00
11444
Harvard researcher argues Blockchain could hold the key to international efforts to stop illicit trafficking of nuclear materials.
Blockchain For Nuclear Controls: Govts, Others ‘Should Start Thinking Now’
William Suberg
2017-10-20T11:10:00+01:00
11337
Decentralized cryptocurrency exchange is an answer to many current problems such as fraud, hacking, etc.
Why We Need ‘Trustless’ Cryptocurrency Exchanges
Loi Luu
2017-10-18T15:50:00+01:00
20320

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