Category : Scams

UK: $2.5 Million Losses in Crypto-Related Scams Reported This Summer

British police have warned the public about crypto-related fraud, revealing $2.5 million worth of losses this summer

Thai Police Arrest Suspect in $24 Million Bitcoin Scam

A suspect in a $24 million Bitcoin scam has been arrested on charges of money laundering by Thai authorities

‘Be Aware’: UK Financial Regulator Sounds Alarm Over Yet Another Crypto ‘Clone Firm’

UK financial regulators focus attention on second fraud operation this week involving a crypto company claiming to be an authorized firm

Report: Ready-to-Use Malware for Bitcoin ATMs Found for Sale Online

A Japanese cybersecurity firm has found Bitcoin ATM malware accompanied by a card with a malicious code for sale on an underground forum

South Korea: Police Raid Firm Whose Alleged Crypto Scam Promised Investors Shipwreck Gold

South Korean police have raided the office of a local firm whose alleged crypto scam promised investors the spoils of a sunken Russian warship

UK Financial Regulator Warns Investors About ‘Clone Firm’

The U.K. Financial Conduct Authority has warned investors about ‘clone firms’ which impersonate ones authorized and registered by the regulator

Researchers Reveal Network of 15K Crypto-Related Scam Bots on Twitter

New research finds a crypto-related Twitter scam botnet of at least 15,000 bots spreading fake giveaways

Korean Authorities Investigate Alleged Crypto Scam That Promised Investors Shipwreck Gold

South Korean authorities are investigating a possible crypto scam by a Seoul-based firm, which promised to pay investors in treasure from a sunken Russian shipwreck

Indie Game Delisted From Steam Marketplace for Alleged Cryptojacking and Scams

Valve has pulled a game from its Steam marketplace for deceptive practices and cryptojacking

New Extradition Request Complicates Case of Bitcoin Fraud Suspect Alexander Vinnik

A Russian request to extradite Alexander Vinnik has been supported by a Greek Court, complicating the case as France and the U.S. seek his extradition as well

Vietnam: Crypto Mining Firm CEO Allegedly Flees With $35 Mln in Investor, Company Funds

The CEO of a Vietnamese cryptocurrency mining outfit has allegedly stolen $35 million from investors

HashFlare’s Exit and the Future of Cloud Mining

Will this platform’s controversial move trigger the demise of cloud mining?

BitFunder Founder Pleads Guilty to Charges of Fraud and Obstruction of Justice

The 37-year old BitFunder founder has pleaded guilty to federal charges on defrauding investors and obstruction of justice

New Study Says 80 Percent of ICOs Conducted in 2017 Were Scams

A new report shows that more than 80 percent of ICOs conducted in 2017 were identified as frauds

Kaspersky Lab: $10 Mln in Ethereum Stolen Over Past Year via Social Engineering Tricks

Security experts at Kaspersky Lab report that online crypto scammers target those interested in ICOs, using phishing emails and fake Twitter giveaways to attract victims