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
A crypto escrow executive has pled guilty to defrauding his client out of $3.25 million.
Exec who bamboozled clients with crypto jargon pleads guilty to $3.25M fraud
Samuel Haig
2020-10-02T02:37:56+01:00
4814
News
A 36-year-old man from Kerala was arrested under charges of cryptocurrency fraud.
Indian man arrested on charges of crypto fraud via 'Morris Coin' scheme
Mohammad Musharraf
2020-09-30T11:48:00+01:00
46009
News
The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate.
Bulgarian exchange owner convicted over auction fraud scheme
Samuel Haig
2020-09-29T02:50:05+01:00
5010
News
Police raids on the Bithumb offices are apparently not just FUD as more investigation reports come in.
Police summon Bithumb chairman for questioning over alleged fraud
Helen Partz
2020-09-18T11:58:16+01:00
8542
News
The U.S. Justice Department has announced sanctions against two Russians, and the arrest of two Malaysians, over separate seven-figure crypto scams.
US ramps up enforcement actions against global crypto scams
Samuel Haig
2020-09-17T04:21:55+01:00
3073
News
Researchers are warning that the supposed scheme could have swindled billions.
Alleged crypto Ponzi scheme targeting Spanish speakers freezes user funds
Felipe Erazo
2020-09-15T14:19:00+01:00
4823
News
Too many make strong claims without evidence.
Many blockchain projects have ‘smoke-and-mirror’ strategies: Avalanche CEO
Felipe Erazo
2020-09-12T15:30:00+01:00
6901
Opinion
With regulators unlikely to change old-fashioned rules in favor of the emerging market, DeFi might be burdened under fraud and new portions of restrictions.
DeFi: A shrinking window of opportunity
Oleksii Konashevych
2020-09-12T14:00:00+01:00
6873

Follow us on Facebook