Scams

As Crypto Rips Higher, the US SEC Is Warning of ICO Scams Yet Again

It’s been an explosive past few weeks for the crypto market. While much focus has been put on Bitcoin and Ethereum, altcoins have also performed extremely well, with some rallying hundreds of percent or thousands of percent in literal days. Although much of this growth has been through legitimate projects, the U.S. Securities and Exchange […]

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Crypto Scams Reached $381 Million in 2020 Already

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Cardano Warns of Youtube Scams Promoting Fake ADA Giveaways

Cardano founder warns against Youtube scams promoting a fake ADA giveaway. Cardano is warning the public against scams promoting a fake Cardano (ADA) giveaway.  In a tweet, Cardano founder Charles Hoskinson said a Youtube account has been using a keynote address he made to promote a fake giveaway.  “It has come to my attention that […]

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Crypto ‘Giveaway’ Scams Continue to Flourish on YouTube

Cryptocurrency scams continue to appear on YouTube, misusing content from influential people in the space and stealing from the gullible.

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Binance Security Report Sheds Light On Crypto Scams

A report released by crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. A report released by major crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. In the report published on June 30, the exchange explained that its Binance Sentry risk investigation service observed reports of […]

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Scams, Schemes and Crypto Privacy, Feat. Preston Byrne

“There’s no easy answers” for bitcoin companies, says lawyer Preston Byrne.

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Despite COVID-19 Scams, Crypto Fraudsters’ Incomes Fell 30% in March

Chainalysis data has found that the value of transactions sent to known scam wallets has dropped significantly amid the coronavirus pandemic and crypto market crash. Data published on April 10 by blockchain forensics firm Chainalysis indicates that the average value of transactions received by the wallets of known scams fell 30% during March. Amid fraudsters’ […]

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Analytics Firm Training Students to Detect Cryptocurrency Scams

CipherTrace launched a program to provide students with tools and analytics to detect and combat crypto scams. Cryptocurrency analytics firm CipherTrace has launched “Defenders League,” a program designed to provide students with the training and tools necessary to investigate crypto-related scams.  On Jan. 13 CipherTrace announced partnerships with the Middlebury Institute of International Studies at […]

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Crypto “Marketing Experts” End Up in Scams, Affirms Jimmy Song

Crypto developer Jimmy Song has tweeted that many ‘marketing experts” who enter the crypto space end up working for scam projects. Bitcoin Doesn’t Need Them Crypto author, Song, posted on Twitter yesterday three points. In his opinion, unlike Bitcoin, it is the so-called shitcoins, or altcoins for everyone else, that require the assistance of those […]

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Exit Scams, State-Sponsored Hacks and a Very Expensive Valentines Day

From alleged exit scams to state-sponsored hacking and $6.1 million Valentines day gifts – it’s all happening in China right now. EtherDelta Busted Police in China have apparently begun investigating crypto trading platform EtherDelta over an exit scam. Partner at crypto investment fund Primitive Ventures, Dovey Wan, made the revelation yesterday on crypto twitter. EtherDelta […]

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Facebook Libra Inspires a Wave of New Online Scams

Online criminals are impersonating as the representative of Facebook to lure victims into buying the social media platform’s yet-to-release cryptocurrency, Libra. According to the Washington Post, scammers lately ran ads through a dozen on fake accounts, pages, and groups across Facebook and Instagram, presenting themselves as the official hubs of Libra. In a few cases, […]

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UK Watchdog Reports $34 Million Lost in Crypto and Forex Scams Last Year

The Financial Conduct Authority says crypto investors lost approximately $34 million from scams last year. The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), reports that crypto investors in the country lost over $34 million due to cryptocurrency and forex scams from 2018–2019 the Financial Times reports on May 20. According […]

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Smell Something Fishy? The CFTC Will Pay You to Report Crypto Scams

Nestled in the exhibition room at this year’s Consensus conference, the U.S. Commodity Futures Trading Commission (CFTC) had a message for conference goers as they weaved in and out of booths representing various projects and startups in the space: “Be on the lookout for virtual currency fraud” and if you see it, let us know. […]

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

The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $6.1 million AUD ($4.3 million USD) lost to crypto criminals. This marks a substantial rise from the $2.1 million AUD ($1.48 […]

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How Two Cryptocurrency Analytics Leaders Are Helping Fight Crypto Scams

Crypto research and analysis firm Cointelligence joins Coinfirm’s AMLT Token Network Both Coinfirm and Cointelligence have been focused on delivering something for the blockchain economy that is lacking in the traditional financial system and is among the values of blockchain technology itself, transparency. For 3 years Coinfirm has been on the forefront of solving a […]

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5 Crypto Phishing Scams to Be Aware Of

Crypto phishing scams are becoming one of the most profitable methods for cybercriminals to steal your cryptocurrency. Phishing for Crypto Cybercrime exists because it’s profitable. You might think the efforts of malicious actors are petty or trivial when you delete obvious scam emails from your inbox, but every so often, one of them works — […]

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UK Financial Watchdog: $255 Mln Lost in Crypto-Related, Other Investment Scams in 2018

The Financial Conduct Authority reported that investment scams’ losses amounted to over $255 million in 2018. The United Kingdom Financial Conduct Authority (FCA) has reported that common investment scams’ losses — including those crypto-related — amounted in total to over £197 million ($255 million) in 2018. The agency reported the losses in an official press […]

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Cryptocurrency Thefts and Scams Raked in 300% More Profit Last Year than 2017

Blockchain analytics firm CipherTrace released a report this morning showing that roughly $1.7 billion in cryptocurrency was stolen or scammed over the course of 2018. The amount stolen by hackers alone is staggering: over $950 million. The figure represents an increase of more than 300% from 2017. The scams noted in the report don’t even […]

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Move over Twitter: Crypto Scams Have Infiltrated Facebook

While cryptocurrency-related scams are commonplace on Twitter, Facebook users have started being targeted by scammers with fake cryptocurrency ads. Facebook Users Targeted with Fake Crypto Ads Twitter has been widely plagued with cryptocurrency-related scams, typically through phony giveaways that lure users into sending crypto in exchange for a larger sum. The scam is so frequent and […]

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‘We Have No More Funds’: Canadian Exchange MapleChange Exit Scams

A Canadian cryptocurrency exchange has closed down, claiming that a hacker had withdrawn all the funds. But many are suggesting that this is nothing more than an exit scam. A Scam I Am? The exchange, MapleChange, opened in May and listed 62 tokens, including Bitcoin, Litecoin, and Ethereum. Volume was modest, peaking at $67k, but […]

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Stolen Identities, Telegram and ICO Scams: If the Co-Founder of Ethereum isn’t Safe, Who Is?

LaneAxis uncovers sophisticated fraud attempt targeting ConsenSys founder Joseph Lubin When the Equifax data breach occurred in September 2017, crypto guru and Ethereum co-founder Joseph Lubin was quick to criticize corporate mishandling and monetization of user data, doubling down on his call for heightened digital security via decentralized networks. Lubin stressed the importance of protecting […]

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Warning About Possibly Malicious Crypto Chrome Extensions

  The Sentinels found something interesting! We received an anonymous report by an Uppward user through the Sentinel Portal, and it has just been confirmed. This case is not covered by any other security solution until now. The report concerns the following developer on the Chrome Web Store: https://chrome.google.com/webstore/search/Nencer JSC That developer has released these […]

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