Tag: bitcoin scam

Sep 19 2022

Number Crypto Scams On YouTube Explodes 335% In First Half Of 2022

Crypto scams involving bogus giveaways have grown into a black market industry of sorts with several services designed to support fraudulent activities. Group-IB, a Singaporean cybersecurity company, revealed in a report that the incidence of cryptocurrency frauds involving phony domains, which are used as welcome pages for YouTube fraud streams, skyrocketed in the first half of this year. In the first six months...

Sep 11 2022

Crypto Scam: U.S. Senators Ask Mark Zuckerberg What Meta Is Doing To Stop It

Crypto scam is always a pain the neck, especially for these guardians of the law. They want answers and as part of their inquiry, they're turning their attention to the world's 16th wealthiest man. Democratic senators from the United States Senate questioned Mark Zuckerberg, the chief executive officer of Meta, about the company's procedures for combating cryptocurrency fraud. The Washington Post reports that...

Jul 24 2022

[Updated] Pi Network raises Red Flags while claiming to be the New Bitcoin – Full Review

Every so often, we witness the launch of a new cryptocurrency that comes with its hype soldiers, and Pi Network is no different. In 2019, this new company made its debut, with claims of it being the new "Bitcoin of 2008", where users can MINE the cryptocurrency Pi directly from their phones without draining through their batteries and consuming its energy. Many users...

Jun 04 2022

Crypto Scammers Have Drained Over $1 Billion From Consumers Last Year – FTC

Crypto scammers have defrauded more than 46,000 people over $1 billion since the start of 2021, according to a report released by the Federal Trade Commission on Friday. Fraudsters are capitalizing on the increased popularity of acquiring digital wealth quickly. With almost $1 out of every $4 in these frauds paid in cryptocurrency, the FTC research suggests that it has become the preferred...

Crypto Investors Lost $1 Billion in Scams during the Last 15 Months, Says FTC

Crypto scams are on the rise, according to the latest report published by the US Federal Trade Commission (FTC). Since the start of 2021, more than $1 billion worth of digital assets have been lost...

Apr 20 2022

[Updated] Pi Network raises Red Flags while claiming to be the New Bitcoin – Full Review

Every so often, we witness the launch of a new cryptocurrency that comes with its hype soldiers, and Pi Network is no different. In 2019, this new company made its debut, with claims of it being the new "Bitcoin of 2008", where users can MINE the cryptocurrency Pi directly from their phones without draining through their batteries and consuming its energy. Many users...

Mar 25 2022

Another Crypto Scam: Former Party Producer Charged In $2.7 Million ‘Cash-To-Bitcoin’ Plot

A New York man was charged Friday with operating a crypto money laundering scam that he publicly promoted on social media, bragging to clients he could help them stay "totally off the radar." The individual, a former party organizer, was charged by the Manhattan District Attorney with laundering $2.7 million in bitcoin and cash to assist various customers in concealing money gained through...

Mar 07 2022

[Updated] Pi Network raises Red Flags while claiming to be the New Bitcoin – Full Review

Every so often, we witness the launch of a new cryptocurrency that comes with its hype soldiers, and Pi Network is no different. In 2019, this new company made its debut, with claims of it being the new "Bitcoin of 2008", where users can MINE the cryptocurrency Pi directly from their phones without draining through their batteries and consuming its energy. Many users...

Feb 26 2022

Federal Grand Jury in San Diego Indicts BitConnect’s Founder

The US Department of Justice (DOJ) today announced that Satish Kumbhani, the founder of the $2.4 billion crypto scam BitConnect, has been indicted.

Feb 11 2022

Coinbase Removes Crypto ‘Rug Pull’ Links from Its Platform

Coinbase Global, a major cryptocurrency exchange in the US, announced on Wednesday that it has removed 'how to buy' instructions for at least three crypto tokens which have been identified as 'rug ...

Jan 11 2022

Virtu Financials Targeted in Crypto Scams

Virtu Financial, Inc. (NASDAQ: VIRT), which is an electronic market maker, issued a public warning on Monday, alarming against the cryptocurrency scams that are fraudulently claiming to be Virtu af...

Dec 29 2021

Salvadorians Report Missing Bitcoin From Their Chivo Wallet

It has been three months since El Salvador approved Bitcoin as a legal tender. Since then, all Bitcoin transactions happen through the Government Official Wallet, popularly known as “Chivo wallet.

Dec 24 2021

Nova Scotia Securities Regulator Alarms against ATB CRYPTO

On December 23, the Nova Scotia Securities Commission issued an investor alert that reminded local investors that ATB CRYPTO is not a registered company to conduct the business of securities and de...

Dec 01 2021

US-Based Crypto Trader Pleads Guilty

Jeremy Spence, a cryptocurrency trader, scammed more than 170 investors.

Nov 01 2021

How A Coinbase User Lost $11.6 Million 10 Minutes After Bitcoin Purchase

Nov 01 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin scam btc btcusd btcusdt

Scams in the crypto space have recorded a meteoric rise with the bull rally and one Coinbase user has suffered a tremendous loss after falling victim to one of these scams. The user had fallen victim to the phishing scam that saw him lose millions in crypto to the scammer in a matter of minutes. These kinds of scams have been on the...

Oct 12 2021

El Salvador Sees Rise In Identity Theft As Scammers Steal Personal Data To Get $30 Bitcoin Bonus

El Salvador’s bitcoin roll-out has had its up and downs since the country officially made it legal tender on September 7th. In the past month, residents have posted both the good and bad of bitcoin adoption. It has been chiefly favorable as citizens settle into their new standard of having a cryptocurrency as a legal tender, alongside the existing dollar legal tender. The...

Aug 04 2021

US Authorities Join Mirror Trading Crypto Scam Investigation

Mirror Trading International (MTI) was one of the biggest crypto firms in South Africa.

May 31 2021

Venezuelan Authorities Detain Two Alleged LocalBitcoins Scammers

The two Venezuelans allegedly scammed around 36 people through the Bitcoin P2P platform.

May 25 2021

Nigerian Police Arrest Brisk Capital CEO for Allegedly Running a $4 Million Investment Fraud

The Commissioner of the Special Fraud Unit of the Nigerian Police Force said that Dominic Joshua confessed to the crime.

Mar 26 2021

CFTC Hits Mastermind of Control-Finance Bitcoin Scam with $570M Fine

CFTC has failed to locate Reynolds since it uncovered the scam in June 2019.

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