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.

Hackers who stole data of 143 million Americans say they’ll delete the information for $2.6 mln.
Equifax Hackers Demanding $2.6 Mln in Bitcoin, Or Else
Jon Buck
2017-09-09T11:15:00+01:00
52481
Southwestern University of Finance and Economics professors in China believe that Blockchain technology can be used to save companies billions of dollars in los...
Blockchain Can Help Save Companies Billions of Dollars with Fraud Protection: Research
Joseph Young
2017-07-07T20:14:00+01:00
18103
Project adChain aims to combat advertising fraud using Blockchain technology.
Blockchain Project Aims to Combat Advertising Fraud
Joshua Althauser
2017-06-12T16:21:00+01:00
14032
An Indian law enforcement agent has told the local press Bitcoin fraud is “becoming more frequent” due to increased merchant uptake.
Bitcoin Fraud Becomes More Frequent in India: Law Enforcement Agencies
William Suberg
2017-03-07T15:17:00+00:00
2728
Cryptocurrency exchange Yobit is currently under investigation by Russian authorities, which are threatening to block it over alleged fraudulent activity.
Cryptocurrency Exchange Yobit Investigated in Russia on Fraud Claims
William Suberg
2017-03-06T14:49:00+00:00
14650
Nigeria Blockchain Alliance (NBA) has recovered the funds of several individuals who had fallen victim to bad actors within the space who attempted to defraud t...
Despite Rising BTC Price, Bitcoin Yet to Become Totally Independent
Iyke Aru
2017-02-21T17:18:00+00:00
799
Remittance giant Western Union has been fined $568 mln after admitting to money laundering and supporting fraudulent wire transfers. Blockchain-based technologi...
Western Union Fined $586 Mln for Money Laundering, Fraudulent Transfers
Frisco d'Anconia
2017-01-20T13:22:00+00:00
1622
Deutsche Bank AG has agreed to a $7.2 bln settlement with the United States government for allegations of loan modifications.
Major Banks Settle $12 Bln Settlement, Corruption Unravelled
Joseph Young
2016-12-26T15:35:00+00:00
809

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