2020-4-11 18:27 |
The operators of cryptocurrency Ponzi schemes are not immune to falling prices, but phishing and blackmailing scams are on the rise
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The time is ripe for another round of scams and shady schemes, as the coronavirus panic is used to extort potential Bitcoin buyers. Beware of scammy schemes or shady exchanges. Scammers May Seek Naive Bitcoin Investors at Times of Panic Scammers may be hunting for naive Bitcoin investors during times of panic.
2020-3-15 17:00 | |
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With the rising price and popularity of bitcoin come numerous scams. Bitcoin Superstar and Bitcoin Era are two investment schemes that have recently gained much attention. News. Bitcoin. com took a look at them, and it did not take much to spot how similar they are to each other and several other well-known scams.
2020-2-20 13:40 | |
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The Ugandan Ministry of Finance have once again issued a warning about investing in crypto-assets, over concerns of rising Ponzi and pyramid schemes. Local sources say the Government is now updating its Penal Code Act to outlaw these types of scams Crypto Ponzi schemes are pilfering Ugandan investors Uganda’s State Minister of Finance, David Bahati, spoke to Uganda’s Parliament yesterday, and asked the government to publish public warnings to Ugandan investors about the risks ofRead More The post appeared first on Bitcoinist.com.
2020-2-6 05:00 | |
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Central bankers who initially discounted Bitcoin and other public crypto assets as fraud, Ponzi schemes or scams, have suddenly changed their stance. Banks Now Love Crypto, But Only if They Can Control It Bank of France Governor Francois Villeroy de Galhau is the latest monetary policymaker who has recently commented on cryptocurrency and advocated for the technology to be issued and controlled by central banks.
2020-1-27 19:30 | |
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The cryptocurrency industry has gotten a bad reputation through the years for the scams that have plagued it, and another one has recently been added to the ranks. In the same way that BitConnect and Plus Token were discovered to be Ponzi schemes, so has the Cloud Token according to a report and AZC News. […]
2019-12-24 01:26 | |
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Two of the largest Ponzi schemes in the history of the cryptocurrency industry could be behind the bearish momentum that Bitcoin has seen in the last few months, according to a renowned fund manager.
2019-12-10 20:33 | |
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Shenzhen is the blockchain hub of China, but its law enforcement will soon be cracking down on cryptocurrencies. The state has identified some 39 illegal cryptocurrency companies operating within the city.
2019-11-23 00:17 | |
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David Schwartz, Ripple CTO says it’s just an attempt to “get clicks” on the “PR Stunt” by leveraging XRP’s name More than $400 million worth of XRP are traced back to illegal activities, with a large portion of it to Ponzi schemes and scams, Elliptic, a blockchain analytics startup said in its report, released Wednesday. […]
2019-11-21 17:38 | |
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With over $4b in stolen cryptocurrency so far this year in hacks alone, the growing number of Hacks, Scams, Ransomware, Ponzi schemes and other nefarious actions call for the need of an effective system for victims to attempt to reclaim these funds.
2019-11-1 15:05 | |
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Ransomware-as-a-service, intricate phishing scams, cryptomining and cryptojacking schemes: Ransomware attacks will continue as long as cryptocurrency remains valuable. The post Cryptomining Attacks Remain One of the Nastiest Malware Threats of 2019 appeared first on Bitcoin Magazine.
2019-10-29 17:37 | |
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Bitcoin and cryptocurrencies, in general, continue to thrive in South Africa even as such interest comes with a multitude of scams and fraudulent investment schemes. The country even ranks second in the world for bitcoin searches according to Google Trends.
2019-10-21 13:00 | |
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Scams and Ponzi schemes have existed in the cryptocurrency space since its inception. The likely first-ever use of the word ‘shitcoin’ was posted on BitcoinTalk all the way back in 2010 The word ‘shitcoin’ has been floating around in the cryptocurrency sphere for many years now, but most don’t know exactly where it originated from.
2019-10-7 19:20 | |
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From Bitcoin’s emergence on the deep web in 2008, to the ICO funding craze of 2017, the blockchain/crypto industry has experienced its fair share of ups and downs over the past ten years. Despite a dramatic influx of money and big ideas, the industry has also fallen prey to scams, pump-and-dump schemes, and spectacular price […] The post Why Blockchain Startups Are Badly Lacking In Business Basics appeared first on Crypto Briefing.
2019-10-3 17:38 | |
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Exit scams have plagued the crypto industry for quite some time, here is a closer look at how to best avoid such fraudulent schemes
2019-9-9 11:13 | |
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The cryptocurrency market has not been able to keep itself safe from activities like fraud, Ponzi schemes, scams, and hacks. The world of cryptocurrencies has seen hackers stay one step ahead, despite the fact that many entities have taken several security measures to prevent funds from being stolen.
2019-8-13 14:00 | |
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According to the official website of the Zambian SEC, investors are discouraged from dealing with self-proclaimed cryptocurrency advisors and “experts”. Over the course of the past couple of years, a number of crypto/blockchain scams have emerged from Africa.
2019-8-3 19:14 | |
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Ponzi schemes in the crypto ecosystem can be traced back to every single bull run that attracted a new wave of naive investors. Although such scams maintain its stronghold within the budding markets, Tron made headlines after being linked to a billion-dollar Ponzi scheme with Chinese investors.
2019-7-8 18:02 | |
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Adding to the number of false schemes and scams in the cryptocurrency space, a scheme reportedly run from Argentina and Ukraine has been outed for falsely claiming their investment product was endorsed by Crown Prince Sheikh Mohammed bin Zayed, guaranteeing to “make you rich in seven days”, as reported by The National, June 30, 2019.
2019-7-3 09:00 | |
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The U. S department of Justice is looking to extradite Swedish citizen for money laundering, wire fraud and securities fraud through a crypto scam amounting to $11 million USD. The blockchain world has long been troubled by the scams, thefts and hacks prevalent on the users’ private keys.
2019-6-20 17:25 | |
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By CCN: Five-time Ballon d’Or winner Cristiano Ronaldo is the latest celebrity whose likeness has played an unfortunate role in promoting a string of evil bitcoin scams. According to British tabloid Daily Mirror, cryptocurrency scammers are faking the football star’s endorsement as well that of veteran broadcaster Jonathan Ross to shill fraudulent crypto investment schemes.
2019-6-6 18:40 | |
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The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.
2019-6-4 19:03 | |
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Rwanda’s central bank has issued a warning about alleged ICO scams and crypto pyramid schemes targeting the country’s residence
2019-5-31 00:45 | |
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From exchange hacks to propped-up ICOs to shady investor plots, Ponzi schemes in cryptocurrency markets have been layered to swindle billions of dollars from gullible investors, and in some cases, have succeeded.
2019-5-31 22:30 | |
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British investors losturrency scams also tripled over the same period. While last year there were X cases reported, the FCA notes the number has gone up to 1,800 this year. The FCA’s announcement states that fraudsters often used social media to promote “get-rich-quick” schemes.
2019-5-21 12:11 | |
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Nestled in the exhibition room at this year’s Consensus conference, the U. S. Commodity Futures Trading Commission (CFTC) had a message for conference goers as they weaved in and out of booths representing various projects and startups in the space: “Be on the lookout for virtual currency fraud” and if you see it, let us know.
2019-5-17 19:00 | |
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Several major cryptocurrency traders have reportedly begun discussing plans to enact an industry-wide blacklist of suspicious actors, to stem the tide of scams, theft and fraud in the crypto space.
2019-5-10 15:52 | |
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Hackers have been plaguing the cryptocurrency world for quite some time, often going through phishing schemes or similar scams. Cryptojacking, for example, is a process that involves hacking into a computer to mine Bitcoin without the user even knowing.
2019-4-30 19:59 | |
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The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $6.
2019-4-30 20:07 | |
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Scams and get-rich-quick schemes are nothing new in the world of cryptocurrencies. In the past few months, there has been a notable increase in so-called Bitcoin HYIPs. A high-yield investment program is a very common scam, especially on the internet.
2019-4-26 12:00 | |
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Sensing a rise in crypto-related scams and fraudulent investment schemes, the U. S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint warning to investors, encouraging them to take a more thorough approach to verifying potential investments in the space.
2019-4-26 18:43 | |
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In the cryptocurrency world, there has never been a shortage of dodgy projects, Ponzi Schemes, and outright scams. Most of those projects are all in the past, yet new ones tend to pop up every now and then.
2019-3-1 12:12 | |
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ETH scams trends have changed dramatically over the past 24 months, and this seems likely to continue
2019-2-4 15:55 | |
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While 2017 was the year of crypto gains, 2018 was the year of crypto theft, according to new data. Crypto-related thefts increased roughly 260% from 2017 to 2018, largely fueled by a number of high-profile cryptocurrency exchange hacks.
2019-1-29 23:00 | |
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Whether it’s multi-million dollar exit scams, Ponzi schemes, or sophisticated networks of remote-controlled Twitter scambots, this year saw some of the most epic and sophisticated cryptocurrency schemes to date.
2018-12-27 13:00 | |
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For long, the crypto space has been an investment world largely viewed with much suspicion mainly because of its volatile nature. However, what has really made it lose most is the lack of a definitive regulatory framework that would foster investor confidence, especially in the wake of recent reports of scams and fraud schemes happening […] The post Just In: Lawmakers proposing a bill to change SEC’s definition of securities to exclude cryptocurrency and Bring in More Clarity To The Crypto World appeared first on ZyCrypto.
2018-12-21 00:35 | |
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Crypto-hackers are the latest example of technology hackers to hit the mainstream. From South Korea to Great Britain, crypto-hackers have even gone so far as to hold government entities hostage to their bitcoin demands.
2018-12-17 03:37 | |
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Three Suspicious Crypto Platforms Blacklisted In New Zealand’s Effort To Eliminate Potential Scams The Financial Markets Authority in New Zealand is pursuing an aggressive effort to eliminate crypto platforms that seem to pose a risk to their residents.
2018-12-13 01:58 | |
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The world of cryptocurrency is suffering from the endless scams and pyramid schemes cropping up daily. In this article we focus on the Exp Asset scheme that promises a 120% return on investment (ROI) in 120 days.
2018-12-9 19:36 | |
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Singaporeans have lost $78,000 to cryptocurrency investment scams in the last three months, after authorities uncovered a wave of fraudulent marketing campaigns. Cryptocurrency con-artists have duped citizens with phony articles featuring well-known Singaporean personalities to garner credibility, local media reports.
2018-12-5 18:15 | |
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Pump-and-dump schemes are some of the oldest and sketchiest scams used in the financial sector, and sadly, the cryptocurrency industry has seen its fair share. There is an ever-growing list of coins whose values are artificially inflated, only for early buyers to sell off at a pre-arranged peak price.
2018-12-5 14:41 | |
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$68. 42 Million Stolen In Bitcoin Scheme Since Bitcoin’s inception, a mere decade ago, malicious users of the world’s first blockchain have sought to capitalize on the pseudonymous and anti-governmental nature of the Bitcoin Network and other crypto platforms.
2018-11-15 09:00 | |
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A recent hack involving the Twitter of retailer Target has wise investors doubling down on too-good-to-be-true offers. Target Becomes the Target The cryptocurrency community is no stranger to hacks and scams and most hodlers are wise enough to steer clear of too-good-to-be-true ICOs and The Real Real Elon Musk #GivingAwayFreeETH Twitter scams.
2018-11-14 08:00 | |
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Members of the ruling elite in North Korea are suspected of launching two scams aimed at exploiting gullible crypto investors still attempting to get in early on a potential moon shoot. The totalitarian state is thought to be using such schemes to stay afloat in the face of international sanctions.
2018-10-27 00:00 | |
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Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.
2018-10-24 19:38 | |
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North Korean cybercrime hacking group The Lazarus Group is currently the biggest crypto hacking syndicate in the world, having stolen millions worth of cryptocurrencies from online exchanges.
2018-10-20 00:22 | |
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Canadian Woman Falls Victim To Bitcoin ATM Sting Although many seasoned cryptocurrency investors understand the scams that plague this nascent industry, there are some no-coiners — unenlightened folk if you will — that still fall victim to life-altering Bitcoin scams and schemes that drain their bank account.
2018-10-14 22:08 | |
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Just recently Josh Garza was sentenced to 21 months of prison and six months of home confinement for his role in the many Ponzi scams like Gaw Miners, Zen Miners, Hashlets, and of course the controversial Paycoin that appeared in 2014.
2018-9-15 04:15 | |
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Thomas Carter, a fintech startup veteran and serial entrepreneur, is on a mission to disrupt the traditional finance model capital raising by leveraging cryptocurrency and blockchain technology. Although ICOs are known for their scams and Ponzi schemes, Carter has found a new way to leverage the ICO model and create an alternative to bank financing without the messy scams.
2018-9-14 19:00 | |
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The days of the pump and dump ICO may be numbered: the North American Securities Administrators Association (NASAA) is on the warpath, taking action against potentially dodgy cryptocurrency schemes.
2018-8-29 17:29 | |
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