Browsing the "Scams" Tag

Crypto and Forex Scam Reports Tripled in the UK Last Year, Watchdog Says

| Yogita Khatri

Reports of cryptocurrency and foreign exchange scams surged in the U.K. last year, while total reported losses dropped, says the FCA.

FTC Sues Smart Backpack Crowdfunder Who Spent Proceeds On Bitcoin

| John Biggs

The Federal Trade Commission is suing a crowdfunder who promised a smart backpack but instead spent the proceeds on bitcoin.

Crypto Crime Blotter: Scammers Dupe Jersey Island Man Out of £1.2 million, Backpage Laundered Cash With Crypto

| John Biggs

Did Backpage launder cash through crypto? What happened to three Germans on the DarkWeb? This week's Crypto Crime Blotter.

Crypto Crime May Have Cost Sector $1.2 Billion in Q1, Says Report

| Yogita Khatri

Losses arising from cryptocurrency hacks and fraud may have reached as high as $1.2 billion in the first quarter of 2019, CipherTrace estimates.

Australian Crypto Scam Reports Rose Almost 200% in 2018

| Yogita Khatri

Australia saw a surge in reports of scams involving cryptocurrencies last year, according to the country's consumer watchdog.

Someone Is Impersonating Bitcoin Futures Platfom Bakkt to Raise Money

| Nikhilesh De

There's a website out there masquerading as Bakkt in an apparent attempt to bilk people out of their bitcoin.

Alabama: The Unlikely Frontline for America’s Crypto Fraud Crackdown

| Brady Dale

Alabama's securities agency has led the way on enforcement against ICO fraudsters, using investigation techniques pioneered chasing gun runners.

Police Arrest 8 Over Alleged $68 Million Crypto Pyramid Scheme in Japan

| Yogita Khatri

Police in Tokyo have arrested eight men alleged to have run a cryptocurrency pyramid scheme that amassed about $68.70 million.

Official Google Account Hacked in Latest Twitter Crypto Scam

| Yogita Khatri

An official, verified Twitter account owned by Google has become the latest to be hacked to host a crypto "giveaway" scam.

Fake News Site Used New Zealand Prime Minister to Pump Bitcoin Startup

| Wolfie Zhao

A fake news site used images of New Zealand's prime minister in sponsored posts on Facebook to promote a bitcoin firm.