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CipherTrace warns of surge in funds lost to MetaMask phishers
3.12.2020
Phishers are coming after MetaMask users in increasingly clever ways
Report: 33% of US Based ICO Investors Say Founders Intentionally Deceived Them or Withheld Key Information
2.12.2020
A survey conducted by Xangle Research finds that a third (33%) of respondents say founders of an initial coin offering (ICO) in which they invested either intentionally deceived them or withheld key information. A further 17% of the responding ICO investors say they did not know if they had been...
Justice Department extradites alleged BTC mining ponzi operator from Panama
30.11.2020
AirBit Club's leadership have been gathered in New York City and will face charges for stealing "membership dues" to finance massive marketing events and lavish personal lifestyles
No, You Can’t Buy Shares in Bitcoin
29.11.2020
With bitcoin going through an extended bull-run, scammers and con artists have been on hand to exploit a general fear of missing out (FOMO). Many early adopters of bitcoin became multi-millionaires by simply holding the digital asset. New Scam Tactic Consequently, many bitcoin investment scams have...
Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi
27.11.2020
Court filings from Nov. 19 show that a large volume of crypto assets, including Bitcoin and Ether, was seized from seven convicts in the PlusToken case
Russian Prime Minister Pledges to ‘Civilize’ Crypto Market and Prevent Scams
26.11.2020
Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin
4 tips to avoid phishing attacks
23.11.2020
Once a user identifies a phishing attempt, spreading the word online can assist in the security of everyone’s funds
Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader
21.11.2020
The Texas State Securities Board (TSSB) has announced a series of enforcement actions against 15 online investment entities that illegally market cryptocurrency, binary options, and forex investments in Texas. Fake Social Media Accounts The regulator alleges that operators of the companies...
Smart contract standards: Making DeFi transactions on Ethereum more secure
21.11.2020
A new working group aims to create standards that will ensure secure Ethereum smart contracts are used by businesses and DeFi projects
Fake Uniswap app on Google Play Store has already lost one user $20,000
20.11.2020
The fraudulent mobile app has already received over 100 downloads
Texas Financial Regulators Crack Down on 15 Alleged Crypto Scams
19.11.2020
Many of the alleged crypto scams had a common tactic: savvy social media posts to draw victims in
SEC brought 56 cases against crypto-related firms during Jay Clayton's tenure
17.11.2020
The SEC summarized its efforts on combating crypto misconduct as its chairman is set to step down by the end of this year
Hackers, Scammers Have Stolen $7.6B in Crypto Since 2011
12.11.2020
Billions of dollars have been stolen through exchange hacks and scams, according to a new report from blockchain analytics firm Crystal Blockchain
Simple in practice: Crypto education is key to curbing phishing scams
11.11.2020
Even though wallet operators have a large role to play in protecting funds, customers also need to educate themselves to avoid phishing scams
8,000 Bitcoin Scam Victims Get Refunds From US Regulator
7.11.2020
The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid Schemes’ Victims...
Court Enters $900K Judgment Against Crypto Ponzi Scammer on Behalf of CFTC
4.11.2020
Venture Capital Investments Ltd. raised $534,829 from 72 victims, falsely promising to invest funds in bitcoin and other assets
FTC Sending More Than $470K to People Duped by Bitcoin Funding Team, My7Network Scams
4.11.2020
Most of the the participants in the schemes failed to recoup their initial investments, the FTC said
Binance Recovers $344K From DeFi ‘Exit Scam’ That Launched on Its Platform
4.11.2020
Cryptocurrency exchange Binance says it followed the money trail left by the Wine Swap exit scam and recovered nearly all the stolen funds
Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’
29.10.2020
Jesse Powell, chief executive officer of the world’s fourth-largest crypto exchange Kraken, has criticized decentralized finance (defi) projects, accusing them of being “scams” that enter the market too quickly, unprepared. In a charged Oct. 26 tweet, Powell said...
South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme
27.10.2020
A South African regulator along with the country’s police have reportedly seized electronics devices and computers belonging to two principal members of Mirror Trading International (MTI), an alleged bitcoin Ponzi scheme. The raid at Clynton and Cheri Marks’ home on October 26...