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.

News
The U.S. government is seeking harsh sentencing for the founder of the company behind a fraudulent, celebrity-promoted initial coin offering from 2017.
Prosecutors seek harsh sentence for fraudster behind celeb-spruiked ICO
Samuel Haig
2020-11-04T04:50:36+00:00
6543
Analysis
Auditors see foul play in the deployment of the smart contract, resulting in a classic scam.
CertiK dissects the Axion Network incident and subsequent price crash
Jeffrey Albus
2020-11-02T23:59:50+00:00
15734
News
Participants of a $5.6 million token sale did not expect a return on investment, the NAC Foundation argued.
Abramoff-linked crypto firm says SEC has no case against it
Helen Partz
2020-10-21T10:07:47+01:00
5798
News
At least 20 crypto executives and customers of an Israeli telecommunications company were targeted in a sophisticated SS7 attack last month.
Telecoms protocol from 1975 exploited to target 20 crypto executives
Samuel Haig
2020-10-20T06:53:21+01:00
10136
News
Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin?
Fool's gold? Peter Schiff's bank under investigation in tax evasion probe
Andrew Thurman
2020-10-18T16:09:04+01:00
17762
News
Losses due to crypto scams are on the rise in Belgium.
Belgian investors lost $12M to crypto and forex scams last year
Turner Wright
2020-10-12T08:01:09+01:00
7886
Newsletter
The Department of Justice made headlines in crypto and elsewhere, leading a week of law enforcement locking down around the world.
Law Decoded: Police and thieves on their screens, Oct 2–9
Kollen Post
2020-10-09T20:30:23+01:00
16167
News
The CFTC continues its roll of crypto announcements this week in a recent fraud bust-up.
CFTC promises to protect 'the burgeoning markets for digital assets such as Bitcoin'
Kollen Post
2020-10-02T22:28:55+01:00
5287

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