FinCEN Warns on Coronavirus Scams Demanding Crypto
FinCEN is warning cybercriminals are exploiting the COVID-19 pandemic, and asks firms to be especially vigilant regarding their dealings with virtual currencies.
Ripple has disputed YouTube's claims it knew nothing about XRP scams on its site, saying it alerted the video platform hundreds of times.
The harrowing incident highlights the proliferation of risky investment schemes and dubious operators in the crypto industry, but also blockchain technology’s potential to help track missing funds.
he platform targeted at combating scams advertised in video ads deploys a combination of Theta’s blockchain, Google’s BigQuery solution and Chainlink’s oracles.
Despite lawsuits and Google’s own ad policies, cryptocurrency scam ads are still making it through the YouTube gates and circulating for days.
Scams are running rampant on Instagram in 2020 – even as legitimate crypto entrepreneurs are increasingly using the platform for business.