Scam news
A newly released report suggests that in 2019 financial damage related to crypto thefts and fraud may rise above USD 4.3 billion. CipherTrace, a crypto security company founded in 2015, stated the because of criminal activity crypto coins worth over USD 1.2…
In the United Kingdom, 3 men were sent to jail for dealing drugs in exchange for bitcoin. According to Thames Valley Police, thirty nine year old Colin McCabe, along with thirty six year old Toby Woods and Robert Price, earned more than…
Coinbase, a crypto exchange established in 2012, disclosed that the trading platform has recently been objected to an intricate cyber attack with an intention of entering their system as well as obtaining their funds. On August 8, Coinbase announced the news in…
Recently, a hacker working under the pseudonym Bnatov Platon offered a crypto news outlet, CoinDesk, extensive information about their efforts to receive large sums of money from Binance in return for not publishing any data about the exchange’s users. Today, the hacker…
The police of the People’s Republic of China are allegedly prosecuting a centralized cryptocurrency trading platform, EtherDelta. The company is rumored to have links to exit scams. On August 7, the founder of the blockchain-based company Primitive Ventures, Dovey Wan, announced the…
According to Twitter user Andrew Rennhack, Bitcoin’s bull run of 2019 was inflamed by no none other than Tether (USDT). Rennhack claimed that the major price increase of the first cryptocurrency was provoked by Tether printing an excessive amount of coins. He…
The public was warned about potential risks when investing in a new crypto coin called ONYXCOIN by the Securities and Exchange Commission (SEC). According to the CEO of SEC, Philip Chitalu, they obtained information about KWAKOO, an African company, that was persuading…
The United States Internal Revenue Service (IRS) delivered a statement saying that crypto investors that brought over USD 20 thousand worth of crypto coins from 2013 to 2015 received warning letters. In the letter, it was stated that those who have not…
Scammers are once again trying to fool unaware people by emails relating to crypto coins in the UK. The fraudsters posed as the Financial Conduct Authority (FCA) of the United Kingdom, a financial regulatory body that preserves honesty in the financial market…
Crypto exchange Bitpoint Japan Co. stated about finding over 250 mln yen ($2.3 mln) worth of crypto coin, which is a part of $32 million stolen digital assets in a previous hack, The Mainichi writes. The Mainchi also reports that Bitpoint found…
Bitsane, a crypto coin exchange based in Ireland, dissolved into thin air on June 17, becoming the biggest crypto scam of 2019. This crypto exchange has been working since 2016 and offered trades for not only crypto-to-crypto but also crypto-to-fiat. As of…
As the United States government continues to bring crypto scammers to justice, Roger Nils-Jonas Karlsson, a Swedish resident, was arrested in Thailand for cryptocurrency scam. The arrest was announced on June 19 and Karlsson will stand trial in the state of California….
LocalBitcoins trader sentenced to 21 months in prison by US authorities for running an unlicensed remittance company and real estate and Bitcoin fraud. The United States Attorney Southern District of California reported in a press release, Morgan Rockcoons 21 months is sentenced…
The United States Intelligence agencies report that North Korea performed cybercrimes like crypto asset mining and theft from banks in order to bypass the sanctions, based on reports from a US international multimedia agency, Voice of America. Deputy assistant director of the…
The United States government carries on its efforts to eliminate crypto asset scams in the country. On May 28, 2019, Judge Anthony J Battaglia sentenced Morgan Rockcoons of Las Vegas, Nevada, to 21 months in jail for managing an illegal business of…
Hackers developed a new scheme, disguised as free BTC and ETH generators, aimed at cryptocurrency stealing and implementing ransomware viruses on the victims’ computers. The Bleeping Computer reports that hackers use some sites to promote their programs for free distribution of Bitcoin…
Two of the Russian Federal Security Service agents were recently accused and charged of a BTC scams, as a result of an operation to eliminiate cyber-criminals from the agency. Sergei Belousov and Aleksey Kolbov were charged of fraud of $1 mln, based…
Bitcoin (BTC) scammers have finally failed. A “robocall” fraud was ignored by Hawaiian Electric customers, as the scammers requested them to pay Bitcoin value in exchange for their electricity supply to continue operating. As reported by Hawaiian Electric, from the 70 customers…
Group-IB reports that the Gustuff virus potentially threatens 32 mobile cryptocurrency storing apps & the 100 largest banks. Specialists report that a Russian hacker developed the Android Trojan. The malicious program can automatically deduce crypto from users’ accounts. It’s embedded not only…
Japan Saw A Tenfold Rise In Crypto Money Laundering Cases In 2018 Japan is usually known to be at the forefront of the latest tech innovations, and the FinTech sector isn’t exempt. Currently, Japan ranks as one of the most crypto-friendly jurisdictions…
