Category : Scams

Vanbex Founders Sue Former Contractor for False Statements That Firm Was a Scam

Following alleged fraud accusations, Canadian blockchain firm Vanbex filed a lawsuit against its former contractor for defaming the firm

Hackers Used Microsoft Email Accounts to Steal Users’ Cryptocurrency, Report

Microsoft email hack appears to be worse than initially thought as hackers may have accessed victims’ crypto wallets and exchange accounts

$4.3 Million Lost as Crypto Scams in Australia Rise 190% in 2018

Crypto scams in Australia rose 190% in 2018, with consumers losing AU$6.1 million

KuCoin Exchange Blocks Crypto Wallet Allegedly Involved in RChain Token Scam

KuCoin exchange blocked a crypto wallet allegedly involved in a recent RChain token scam

Samoa Investigates Church After OneCoin Defied Legal Ban to Sell Products to Investors

A church in the Pacific nation of Samoa is at the center of scrutiny after ministers invited notorious cryptocurrency Ponzi scheme OneCoin to preach to its congregation

Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams

The Malta Financial Services Authority has released guidelines on crypto-related risks and the possibility of scams

New Crypto Mining Malware Beapy Uses Leaked NSA Hacking Tools: Symantec Research

New enterprise-targeting crypto mining malware Beapy surged to over 12,000 unique infection across 732 organizations since March, according Symantec researchers

At Least 95 Percent of Crypto Crimes Involve Bitcoin, Chainalysis Executive Says

At least 95% of crypto crimes investigated by law enforcement involve bitcoin, the co-founder of Chainalysis claims

US SEC Issues Fresh Investor Alert Against Fraudulent Digital Asset Trading Sites

The U.S. SEC and CFTC have jointly issued an alert warning investors against fraudulent websites purporting to operate advisory and trading businesses

13-Count Indictment Filed Against Two Men for Allegedly Fraudulent BTC Investment Scheme

A 13-count indictment was filed in the U.S. charging two men with the theft of 10.88 bitcoin (worth ~$59,000) as part of an allegedly fraudulent scheme involving over 50 bitcoin

US: Two Men Plead Guilty to Selling Drugs for Crypto and Laundering $2.8 Million

Two men accused of illicitly selling steroids and controlled substances and laundering millions of dollars have pleaded guilty in New York

Over $100 Million Missing: CoinBene Claims Maintenance, a Month of Questions Point Toward a Hack

Since March 2019, CoinBene has denied being hacked, but several details have recently emerged that point to that conclusion

21-Year-Old Jailed for 10 Years After Stealing $7.5M in Crypto By Hacking Cell Phones

A 21-year-old man has been sentenced to 10 years in prison after becoming one of the first people in the U.S. to be convicted of stealing crypto by hacking into cell phones

Microsoft Korea: Country Faces Growing Threat From Stealth Crypto Mining Attacks

Microsoft Korea has said the country is facing an increase in crytojacking incidents, in which attackers use a targeted computer’s processing power to mine crypto by stealth

US District Attorney Indicts Three for Laundering Millions With Bitcoin

The Manhattan district attorney has indicted a group of individuals with allegedly selling drugs and laundering $2.3 million with bitcoin