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


A Group of Major Crypto Traders Reportedly Considers Scammer Blacklist

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.

May 10, 2019

Report: Australians Lost Over $4 Million to Crypto Scams in 2018

“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.”

Apr 29, 2019

SEC, CFTC Issue Investment Warning on Crypto Scams

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.

Apr 25, 2019
Privacy & security

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.

Mar 5, 2019

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.

Mar 1, 2019

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.”

Feb 26, 2019

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.

Nov 14, 2018

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.

Oct 31, 2018

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.

Sep 24, 2018

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.

Sep 20, 2018
Politics & Law

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.

Aug 27, 2018

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).

Aug 20, 2018

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.

Aug 8, 2018

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.

Jun 20, 2018
Privacy & security

Japanese Syndicate Wallet Hacked, $10 Million Reported Missing

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 […]

Jun 8, 2018

U.S. and Canadian Regulators Investigating Crypto Scams

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

May 22, 2018

$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.

Apr 13, 2018

Computer Users Face Growing Threat from Cryptojacking — Report

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

Apr 11, 2018

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.

Feb 27, 2018

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.

Jan 31, 2018

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) 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 […]

Jan 9, 2018