Bitcoin's history is rife with scams, ponzi schemes, and fraud.
Several major cryptocurrency traders, including representatives from Galaxy Digital Holdings and Cumberland DRW, reportedly met to discuss an industry-wide blacklist of suspicious actors to stem the tide of scams and theft in the space.
“To avoid the fraud and scam detection systems employed by banks, scammers are now increasingly asking for payment via unusual payment methods such as gift cards and cryptocurrencies.”
Sensing a rise in crypto-related scams and fraudulent investment schemes, the SEC and the CFTC have issued a joint warning to investors, encouraging them to take a more thorough approach to verifying potential investments in the space.
The court monitor’s third report on QuadrigaCX’s finances lays out some hopeful avenues for fund recovery — and some frustrating dead ends.
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.
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.”
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.
Binance has frozen multiple accounts associated with the cryptocurrency exchange Wex, citing money laundering concerns.
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.
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 Mt. Gox, the defunct cryptocurrency exchange, can now start submitting proofs of claim in a newly approved rehabilitation process.
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).
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.
The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice.
Shopin — a universal shopper profile that delivers personal shopping experiences through retailers’ apps, websites and stores — says one of its token distributors has been hacked and roughly $10 million in a variety of cryptocurrencies has been stolen. Representatives of the platform have released the following statement: “On Wednesday, May 30, 2018, Shopin distributed […]
“The actions announced today are just the tip of the iceberg.”
It may be the biggest cryptocurrency exchange heist in India to date, and the Coinsecure suspects an employee has run off with the money.
The National Cyber Security Centre reports that computer users face growing threat from cryptojacking malware.
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.
The founders of the “decentralized bank” are being charged with alleged fraud and issuing unregistered securities during its ICO.
In a story that is getting all too familiar recently, the Securities Exchange Commission (SEC) halted trading on yet another blockchain-related company stock, UBI Blockchain. The SEC explained: “The Commission temporarily suspended trading in the securities of UBIA because of (i) questions regarding the accuracy of assertions, since at least September 2017, by UBIA in […]