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Blockchain community busts alleged $20M NFT drop scam before sale completion
17.2.2022
Thanks to vigilant crypto enthusiasts, the alleged scammers were stopped dead in their tracks
4% of crypto whales are criminals and they have $25B between them: Chainalysis
17.2.2022
The report defines criminal whales as private wallets that hold more than $1 million worth of crypto with more than 10% of their balances coming from illicit addresses
FTC Warns of Romance Scams Luring People Into Bogus Cryptocurrency Investments
13.2.2022
The U.S. Federal Trade Commission (FTC) has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency explained. “2021 numbers are nearly five times those reported in 2020, and more than...
Aussie billionaire sues Facebook over crypto scams with AG's consent
3.2.2022
The Aussie businessman said that Facebook’s failure to remove the fraudulent ads featuring him and dozens of other high profile celebs was “criminally reckless.”
US Federal Trade Commission Warns About Cryptocurrency Scams Using Social Media
1.2.2022
The U.S. Federal Trade Commission (FTC) has warned about social media being used in cryptocurrency investment scams. “Social media is a tool for scammers in investment scams, particularly those involving bogus cryptocurrency investments — an area that has seen a massive surge...
Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says
20.1.2022
Indians visited crypto scam websites nearly 10 million times last year, according to blockchain data analytics firm Chainalysis. The top crypto scam sites alone were visited 4.6 million times by Indian users. Millions of Indians Visit Crypto Scam Sites Indians visited scam crypto websites in droves...
Comedian Stephen Colbert spoofs 'Colbert Coin' in response to rise in crypto scams
6.1.2022
“We’re busy turning your cash into future money — to the moon, apes!" said the Late Show host
More Needs to Be Done to Ensure Tanzanians Understand the Risks of Crypto Trading, Says Blockchain Educator
25.12.2021
Tanzanians are embracing cryptocurrencies but more work still has to be undertaken in order to reduce the number of scams in the industry, a blockchain educator has said. In much of the year 2021, blockchain entities and proponents of the technology in Tanzania did much to bring this fintech...
Crypto Scams that Rocked Asia to the Core, Part 3: iFan and Pincoin
2.11.2021
Asia has been through more than its fair share of nasty crypto scam dramas, from the Mt. Gox scandal right through to 2021 and its plethora of AI-powered fraudsters.
In part 3 of a three-part series, Cryptonews.com looks at just a few of the continent’s most infamous instances of crypto...
Crypto Scams that Rocked Asia to the Core, Part 2: PlusToken
29.10.2021
Asia has been through more than its fair share of nasty crypto scam dramas, from the Mt. Gox scandal right through to 2021 and its plethora of AI-powered fraudsters.
In part 2 of a three-part series, Cryptonews.com looks at just a few of the continent’s most infamous instances of crypto fraud....
Crypto Scams that Rocked Asia to the Core, Part 1: BitConnect
28.10.2021
The rise of crypto has brought along a pretty unpleasant and unwanted passenger. As bitcoin (BTC) and major altcoins have had their time in the sun, an unsavory customer has tagged along for the ride – the crypto scammer.
After the very early years of crypto, Asia became the first real center...
YouTube channels hacked and rebranded for live-streaming crypto scams
24.10.2021
Google’s Threat Analysis Group (TAG) attributes the attacks to a group of hackers recruited in a Russian-speaking forum, who sell the hacked YouTube channels to the highest bidder
Russia, US in Top 3 for Crypto-Related Threats, Cybersecurity Report Unveils
4.10.2021
Threats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm. Detections fell by almost a quarter but Russia remains the most affected country, with the U.S. ranking in the...
CFTC Charges 14 Trading Platforms Offering Crypto-Related Investments
30.9.2021
The Commodity Futures Trading Commission (CFTC) has charged 14 trading platforms that claim to offer crypto-related investments but have either failed to register with the CFTC or falsely claimed to be registered. These websites also exhibit other signs of being scams. 14 Entities Charged by CFTC...
US SEC Issues Warning on Crypto Investment Scams Citing ‘Some Investors May Have FOMO’
12.9.2021
The U.S. Securities and Exchange Commission (SEC) has issued a warning about fraudulent investment schemes involving cryptocurrencies. The regulator notes that some investors may have fear of missing out (FOMO) given the rise in prices of some crypto assets in recent years. SEC Warns Investors...
Kim Kardashian Called out by UK Regulator for Pumping Crypto Token That Could Harm Investors
7.9.2021
Kim Kardashian has been singled out by the U.K.’s Financial Conduct Authority (FCA) for pumping a crypto token that could put investors at risk. With 250 million Instagram followers, the FCA chairman said that Kardashian’s cryptocurrency promotion “may have been the financial...
Bitconnect promoter pleads guilty over Ponzi scheme, as platform faces new SEC charges
2.9.2021
Former BitConnect promoter Glenn Arcaro has pled guilty to his role in the saga, but the whereabouts of the firm’s founder Satish Kumbhani is unknown
South African Start-Up Aims To Shield Merchants From Crypto Price Swings
5.8.2021
While opponents of cryptocurrencies continue to peddle the environmental damage or the terrorism funding narrative, users from countries where the majority is financially excluded see these as a breakthrough innovation. Crypto Utility Inspires Volatility Solutions For instance, to undocumented...
Namibia Central Bank to Complete Crypto Study By April 2022 — Governor Says Current Laws Do not Permit Use of Digital Assets
25.7.2021
The Bank of Namibia (BON) is on course to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use...
Alleged $3.6B crypto Ponzi's 'victims' still believe the exchange is legit
10.6.2021
Some of those caught up in an alleged $3.6 billion crypto Ponzi scheme are refusing to aid police investigations as they still expect to triple their investments