Please note, this is a STATIC archive of website cointelegraph.com from October 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.

Analysis
Cryptocurrency platforms perform audits to ensure transparency, but it’s not a golden solution to solve all potential trust and security issues.
Ensuring trust in crypto is tough, but audits and transparency go a long way
Rachel Wolfson
2020-12-09T13:00:00+00:00
4542
News
Alongside other actions, the CFTC was pleased with its seven enforcement actions in the crypto market.
Beyond BitMEX: CFTC sets a new record for lawsuits in crypto this year
Kollen Post
2020-12-01T18:36:24+00:00
7855
News
AirBit Club's leadership has been gathered in New York City and will face charges for stealing "membership dues" to finance massive marketing events and lavish ...
Justice Department extradites alleged BTC mining Ponzi operator from Panama
Kollen Post
2020-11-30T16:48:14+00:00
7148
News
The U.K.'s Financial Conduct Authority advised caution against phony actors.
Watch out: Fraudsters are claiming they are from Blockchain.com
Benjamin Pirus
2020-11-20T17:53:29+00:00
9524
News
The SEC is seeking a default judgment against three companies and four individuals for their roles in an allegedly fraudulent ICO that duped $9 million from 500...
SEC seeks judgement after ‘no show’ in $9M Meta 1 Coin fraud case
Samuel Haig
2020-11-20T02:45:35+00:00
6520
News
The SEC summarized its efforts on combating crypto misconduct as its chairman is set to step down by the end of this year.
SEC brought 56 cases against crypto-related firms during Jay Clayton’s tenure
Helen Partz
2020-11-17T13:31:12+00:00
5246
Breaking news
A Ukrainian national has been sentenced to nine years in prison in what the IRS is describing as the United States’ “first Bitcoin case [with] a tax component.”
Microsoft employee sentenced to 9 years in first U.S. Bitcoin case involving tax fraud
Samuel Haig
2020-11-10T00:52:02+00:00
26788
News
“The future is technology by blockchain,” says an Australian Liberal senator.
Australian senator says blockchain can make financial compliance easier
Helen Partz
2020-11-04T08:54:31+00:00
8204

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