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Aussie firm to launch $100M class action over dodgy QOIN token
2.11.2021
The issuers of the Australian token QOIN are set to face a $100 million lawsuit accusing them of pyramid selling and fraud
Twitter flags Squid Game token accounts as price crashes
1.11.2021
The Squid Game token was surging despite multiple scam warnings and topped above $2,800 before plummeting to less than $0.01
Crypto Scams that Rocked Asia to the Core, Part 2: PlusToken
29.10.2021
Asia has been through more than its fair share of nasty crypto scam dramas, from the Mt. Gox scandal right through to 2021 and its plethora of AI-powered fraudsters.
In part 2 of a three-part series, Cryptonews.com looks at just a few of the continent’s most infamous instances of crypto fraud....
Users not able to sell Squid Game token clocking 45,000% gains
29.10.2021
The crypto community suspects the token inspired by the Netflix show Squid Game of being a scam
Crypto Scams that Rocked Asia to the Core, Part 1: BitConnect
28.10.2021
The rise of crypto has brought along a pretty unpleasant and unwanted passenger. As bitcoin (BTC) and major altcoins have had their time in the sun, an unsavory customer has tagged along for the ride – the crypto scammer.
After the very early years of crypto, Asia became the first real center...
YouTube channels hacked and rebranded for live-streaming crypto scams
24.10.2021
Google’s Threat Analysis Group (TAG) attributes the attacks to a group of hackers recruited in a Russian-speaking forum, who sell the hacked YouTube channels to the highest bidder
National Police in Spain Warn of Surge in Cryptocurrency-Related Scams
19.10.2021
The National Police have issued a warning for a wave of cryptocurrency-related investment scams in Spain. The amount that has been lost in these kinds of investments recently is €240,000 related to just two complaints. However, there has been a rise in the complaints presented by citizens...
Russia, US in Top 3 for Crypto-Related Threats, Cybersecurity Report Unveils
4.10.2021
Threats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm. Detections fell by almost a quarter but Russia remains the most affected country, with the U.S. ranking in the...
CFTC Charges 14 Trading Platforms Offering Crypto-Related Investments
30.9.2021
The Commodity Futures Trading Commission (CFTC) has charged 14 trading platforms that claim to offer crypto-related investments but have either failed to register with the CFTC or falsely claimed to be registered. These websites also exhibit other signs of being scams. 14 Entities Charged by CFTC...
Vulnerable: Kraken reveals many US Bitcoin ATMs still use default admin QR codes
30.9.2021
Kraken has urged BATMTwo ATM owners and operators to change the admin QR code for their ATMs to avoid potential attacks
Netflix to release documentary about QuadrigaCX CEO's mysterious life and death
23.9.2021
Many claimed Gerald Cotten had faked his death and absconded with millions in crypto, even briefly demanding his body be exhumed
Bitcoin.org goes offline after suffering scam attack
23.9.2021
Bitcoin.org previously fell victim to a DDoS attack in July, with hackers demanding a Bitcoin ransom
US Sanctions Russian Crypto Broker Suex for Laundering Millions in Illicit Funds
22.9.2021
The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in crypto transactions related to scams, ransomware attacks, darknet markets, and the infamous...
Why hardware wallets might not offer as much protection as you think, explained
15.9.2021
Hardware wallet brands have been built on the promise of security — but in some cases, these devices aren’t as air gapped as you might think
US SEC Issues Warning on Crypto Investment Scams Citing ‘Some Investors May Have FOMO’
12.9.2021
The U.S. Securities and Exchange Commission (SEC) has issued a warning about fraudulent investment schemes involving cryptocurrencies. The regulator notes that some investors may have fear of missing out (FOMO) given the rise in prices of some crypto assets in recent years. SEC Warns Investors...
Taiwan police arrest 14 suspects for scamming over 100 crypto investors
7.9.2021
The Criminal Investigation Bureau has charged the suspects with fraud, money laundering and breaches of the Organized Crime Prevention Act
Kim Kardashian Called out by UK Regulator for Pumping Crypto Token That Could Harm Investors
7.9.2021
Kim Kardashian has been singled out by the U.K.’s Financial Conduct Authority (FCA) for pumping a crypto token that could put investors at risk. With 250 million Instagram followers, the FCA chairman said that Kardashian’s cryptocurrency promotion “may have been the financial...
US SEC releases fresh investor alert against crypto investment scams
6.9.2021
The “rising popularity” of initial coin offerings, including cryptocurrencies, coins, and tokens, is considered the main reason for growing scams and exploits among retail investors
Sunacrip and Venezuelan Intelligence Police Issue Warning on Cryptocurrency Scams
6.9.2021
Sunacrip, the Venezuelan cryptocurrency watchdog, and the Intelligence Police (CICPC) issued a warning for the general population about cryptocurrency scams. The institutions gave a series of recommendations to avoid being scammed by cryptocurrency Ponzi schemes involving the national...
Scammers Offer Free Bitcoin on Hacked Government Site in Russia as Crypto Fraud Surges
5.9.2021
Unknown scammers have organized a fake bitcoin giveaway through a Russian government website they hacked. The news of the attack comes after a recent report revealed that damages from crypto-related fraud in Russia have reached $30 million in value in the first half of this year. Regional...