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93K Users Scammed Into Buying Fake Cryptocurrency Mining Apps
9.7.2021
Thousands of users were scammed into buying fake Android cryptocurrency mining apps, according to a California-based security firm. These apps are advertised as a way of earning money via mining cryptocurrencies, but in actuality they don’t perform any function. Instead, they charge the user...
South African Regulators Reportedly Fast-Tracking Crypto Regulatory Framework
1.7.2021
With South Africa receiving more than its fair share of cryptocurrency-related scams, a report suggests that regulators are responding to this challenge by fast-tracking the process of creating a new regulatory framework. As a result, regulators now expect this process, which was preceded “by...
British Bank Natwest Imposes Daily Limit on Transfers to Cryptocurrency Exchanges Over Fraud Concerns
30.6.2021
A major British bank, Natwest, has put a limit on fund transfers to cryptocurrency exchanges over concerns of fraud and scams related to cryptocurrencies. The bank is also blocking payments to a number of cryptocurrency asset firms. Natwest says the two moves are necessary to protect customers....
Africrypt Ponzi Scheme Collapse: South Africa Regulator Says Its ‘Not in a Position to Take Any Regulatory Action’
25.6.2021
Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to investigate complaints” against the crypto...
Banning cryptocurrencies to counter crime is a nonsensical excuse
24.6.2021
Cryptocurrencies represent far less of a market for criminals compared to traditional finance, so crypto bans won’t solve the problem
TSB Bank Plans to Ban Cryptocurrency Purchases Due to Increasing Fraud Numbers: Report
21.6.2021
TSB, a British bank, is planning to ban cryptocurrency purchases due to fraud concerns. The company reported an alarming number of fraudulent transactions on cryptocurrency purchases. Reportedly, transactions involving Binance, the cryptocurrency exchange behemoth, are involved in two-thirds...
Scammers mail out fake hardware wallets to victims of Ledger data breach
17.6.2021
Ledger customers have reported receiving fake replacement devices in the mail, designed to phish private security information
A man and his S.C.A.M.: Solo dev ‘Dreesus’ on making a memecoin legit
11.6.2021
After minting a memecoin, a solo developer now has to grow his Frankenstein creation into a success
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
Scammers Pick Bank Transfers Over Cryptocurrency, Australian Report Reveals
8.6.2021
Investment scams have been by far the most common type in Australia recently, a new report by the country’s consumer watchdog has revealed. And while a growing number of Australians fall victim to fraudulent schemes involving cryptocurrency, bank transfers remain the scammers’ favorite...
Steve Wozniak Can’t Stop Bitcoin Giveaway Scams Using His Name — Federal Law Protects Youtube
3.6.2021
Apple co-founder Steve Wozniak has lost his lawsuit against Youtube over bitcoin giveaway scams using his name and image. The judge reportedly said that “Youtube and its parent, Google LLC, are protected by the federal law that shields internet platforms from responsibility for content posted...
Apple co-founder Steve Wozniak loses Bitcoin scam case against YouTube
3.6.2021
After filing a Bitcoin scam-related lawsuit against YouTube last year, Steve Wozniak now has 30 days to revise his complaint
Cryptocurrency Related Scams Flood Tribunals in Spain
1.6.2021
Spain has not been a stranger to the popularity of cryptocurrencies, and with this popularity, also comes the attention of people and organizations wanting to capitalize on the subject. Spanish tribunals have been flooded lately with lawsuits involving cryptocurrency scams related to bitcoin...
Major British Bank Natwest Alerts Customers With Tips to Avoid Cryptocurrency Scams
31.5.2021
Major British bank Natwest has launched an alert to urgently warn its customers of cryptocurrency scams, which have been on the rise. The bank has provided several tips for customers “thinking of investing in bitcoin or other cryptocurrencies” on how to spot scams involving...
US Senator Urges Treasury Secretary Yellen to Take Action on Cryptocurrency Scams to Protect Investors
30.5.2021
U.S. Senator Rick Scott has urged Treasury Secretary Janet Yellen to take action on cryptocurrency scams, which he said have risen 1,000% in the past year and cost consumers at least $80 million. “This is an unregulated industry, and the alarming amount of criminal activity surrounding...
Worst UK bank for dealing with scams issues crypto scam alert
27.5.2021
NatWest issued a crypto scam warning to mobile banking users after reportedly receiving a record number of complaints in Q1
Uganda’s Financial Intelligence Authority Wants Government to Formulate a Crypto Regulatory Framework
25.5.2021
Uganda’s Financial Intelligence Authority (FIA) says it wants the country’s Finance Ministry to help formulate a regulatory framework for crypto service providers. According to the FIA, this call for the government’s intervention has prompted by the Ugandan crypto industry’s...
Twitch's New Hot Tub Category Is Full Of Parodies, Fakes, And Scams
24.5.2021
Last week, Twitch finally responded to controversy surrounding the so-called “hot tub meta” by clarifying its rules and creating a new section called Pools, Hot Tubs, and Beaches. Given that many complaints about hot tub streams stemmed from the idea that they represented a “loophole” in Twitch’s...
Fraudsters Impersonate a US Federal Agency by Sending Emails Asking for Bitcoin Wallet Keys
22.5.2021
U.S. consumers have been receiving fake emails that attempt to impersonate a federal regulatory agency which has raised alarms among crypto community members. The U.S. Office of the Comptroller of the Currency (OCC) warned that such bogus messages ask people for their bitcoin wallet keys....
Report: Over 100,000 African Youths Have Participated in Binance’s Crypto Education Initiative
20.5.2021
According to reports, over 100,000 African youths have taken part in Binance’s crypto and blockchain education barely a year after the learning program was launched. Dubbed the Binance Masterclass, the education initiative is aimed at equipping newcomers with basic knowledge about...