Scams & Hacks

Bitcoin’s history is rife with scams, ponzi schemes, and fraud.

craig wright satoshi investigation
Op Ed: How Many Wrongs Make a Wright?

Craig Wright insists that he’s Satoshi Nakamoto, the pseudonymous inventor of Bitcoin – but the evidence doesn’t seem to line up. Jameson Lopp breaks down the arguments against Wright’s claim in this feature op ed.

- As Court Reconvenes for QuadrigaCX
As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

The court monitor’s third report on QuadrigaCX’s finances lays out some hopeful avenues for fund recovery — and some frustrating dead ends.

Scams - Report Claims That “Sextortionists” Absconded With Over $300
Report Claims That “Sextortionists” Absconded With Over $300,000 in Crypto in 2018

According to a report by research and risk assessment firm Digital Shadows, this scam was committed through a wide array of “sextortion” blackmail strategies, which included the weaponization of emails.

Scams - Citing Executive Embezzlement
Citing Executive Embezzlement, Korean Crypto Exchange Declares Bankruptcy

The company had reportedly lost $26 million as a result of theft and the subsequent bankruptcy declaration. Coinbin’s CEO Park Chan-kyu claims that the move was “due to a rise in debt following an employee’s embezzlement.”

Law & justice - QuadrigaCX and the Million Dollar Questions: What We Do and Don’t Know
QuadrigaCX and the Million Dollar Questions: What We Do and Don’t Know

Evidence — some hard, some soft — is piling up to suggest that there’s something amiss in the aftermath of the death of Gerald Cotten, CEO of Canadian cryptocurrency exchange QuadrigaCX.

Scams - Target and Google Official Twitter Accounts Hacked
Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams

In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies.

Scams - Binance Freezes Funds on Multiple Accounts with Dubious Crypto Exchange
Binance Freezes Funds on Multiple Accounts with Dubious Crypto Exchange

Binance has frozen multiple accounts associated with the cryptocurrency exchange Wex, citing money laundering concerns.

Scams - Study Reveals Growing Sophistication in Malicious Mining of Cryptocurrency
Study Reveals Growing Sophistication in Malicious Mining of Cryptocurrency

Chinese researchers have produced the first systematic study of the malicious mining of cryptocurrencies, known as cryptojacking. And it doesn’t seem as if this trend will die down anytime soon.

Scams - Another Cryptocurrency Exchange Hack Hits Japan [UPDATED]
Another Cryptocurrency Exchange Hack Hits Japan [UPDATED]

The hacker siphoned off 4.5 billion yen from user accounts and 2.2 billion yen from the company’s own assets. The three virtual currencies stolen include bitcoin, monacoin and bitcoin cash.

- Creditors of Defunct Cryptocurrency Exchange Mt. Gox Can Now File Claims
Creditors of Defunct Cryptocurrency Exchange Mt. Gox Can Now File Claims

Creditors of Mt. Gox, the defunct cryptocurrency exchange, can now start submitting proofs of claim in a newly approved rehabilitation process.

Scams - BitConnect's Alleged Ringleader Arrested in India: Local Reports
BitConnect’s Alleged Ringleader Arrested in India: Local Reports

Divyesh Darji, the alleged leader of BitConnect’s Asian team, was arrested this Saturday, August 18, 2018, in the Delhi airport by the Gujarat Criminal Investigation Department (CID).

Scams - This Crypto Scam Botnet Consists of Over 15
This Crypto Scam Botnet Consists of Over 15,000 Separate Bots

Researchers at Duo Labs have discovered that Twitter is home to at least 15,000 scam bots and have published their findings in a new report.

Scams - South Korean Bithumb Exchange Loses $30M in Latest Cryptocurrency Hack
South Korean Bithumb Exchange Loses $30M in Latest Cryptocurrency Hack

The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice.

- Japanese Syndicate Wallet Hacked
Japanese Syndicate Wallet Hacked, $10 Million Reported Missing

Shopin — a universal shopper profile that delivers personal shopping experiences through retailers’ apps, websites…

Scams - U.S. and Canadian Regulators Investigating Crypto Scams
U.S. and Canadian Regulators Investigating Crypto Scams

“The actions announced today are just the tip of the iceberg.”

- $3.5 Million in Bitcoin Missing From India’s Coinsecure Exchange
$3.5 Million in Bitcoin Missing From India’s Coinsecure Exchange

It may be the biggest cryptocurrency exchange heist in India to date, and the Coinsecure suspects an employee has run off with the money.

Scams - Computer Users Face Growing Threat from Cryptojacking — Report
Computer Users Face Growing Threat from Cryptojacking — Report

The National Cyber Security Centre reports that computer users face growing threat from cryptojacking malware.

Scams - Cryptomining Malware Fuels Most Remote Code Execution Attacks: Study
Cryptomining Malware Fuels Most Remote Code Execution Attacks: Study

Researchers from the cyber security firm Imperva say they have found the source of 90 percent of remote code execution attacks in December 2017: cryptocurrency mining malware.

Scams - SEC Halts AriseBank ICO
SEC Halts AriseBank ICO, Calling It “an Outright Scam”

The founders of the “decentralized bank” are being charged with alleged fraud and issuing unregistered securities during its ICO.

Scams - UBI Blockchain Is the Latest in Series of SEC Cryptocurrency Crackdown Targets
UBI Blockchain Is the Latest in Series of SEC Cryptocurrency Crackdown Targets

In a story that is getting all too familiar recently, the Securities Exchange Commission (SEC)…

Scams - White Hats Step In to Save Funds from Vulnerable Ether Wallets
White Hats Step In to Save Funds from Vulnerable Ether Wallets

Criminals have stolen $32 million worth of ether from multisig wallets due to issues with the Parity client.

Scams - Dubious Bitcoin Scheme Uses Ethereum ICO to Keep the Game Going
Dubious Bitcoin Scheme Uses Ethereum ICO to Keep the Game Going

There has been an interesting turn of events in the case of the alleged India-based…

Ransomware-as-a-service, intricate phishing scams, cryptomining and cryptojacking schemes: Ransomware attacks will continue as long as cryptocurrency remains valuable.
BetCoin.tm’s Allegedly Fraudulent, Unethical and Illegal Activity

On the whole, the global Bitcoin space is a self-policing community that uproots and exposes…

Op-ed - Mt. Gox Announces Temporary Hiatus on U.S. Dollar Withdrawals
Mt. Gox Announces Temporary Hiatus on U.S. Dollar Withdrawals

Yesterday, Mt. Gox released the following notice from Tokyo, Japan: Statement Regarding Temporary Hiatus on…