Crypto romance scams now a national threat, not just consumer fraud

Organised crime groups run scam operations from Southeast Asia. The US DOJ seized $112 million in crypto linked to these scams in 2023. Chainalysis reported scam revenues reached $9. 9 billion in 2024.

134 +

Crypto conferences scale up, so do scams, security experts warn

Criminals are using in-person crypto events to launch phishing campaigns and impersonation scams, Kraken warns. By now, it’s no secret that crypto is becoming mainstream, and with it, a bigger target.

97 +

Americans lost over $5.6b in crypto scams in 2023, FBI says

Crypto-related scams and fraud surged last year, with losses skyrocketing 45% in 2023 compared to the previous year, according to a new FBI report. As crypto gains popularity in the United States, it also brings a rise in crypto scams.…

274 +

DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%

Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.

250 +

Bitget to Launch Social Campaign in Vietnam to Warn About Crypto Scams and Risks

Victoria, Seychelles, 28th June 2024, Chainwire

The post Bitget to Launch Social Campaign in Vietnam to Warn About Crypto Scams and Risks appeared first on CoinJournal.

269 +

Crypto Scams Persist: Exit Scams, Hacks Cost Crypto Sector $160 Million In February

The crypto industry is perpetually vulnerable to malicious activities, with hackers seemingly relentless in their pursuits. It’s been only two months into 2024 and crypto scams are already making their appearance.

287 +

AI Misinformation and Deepfake Scams Take Over Crypto

Michael Saylor alerts the market to advanced crypto scams using AI and deepfakes, with high-profile figures impersonated to defraud Bitcoin investors. OpenAI combats this trend, underlining the urgent need for AI regulation.

459 +

Hidden In Plain Sight: Why 85% Of Q3’s Crypto Biggest Scams Went Undetected

Blockchain security auditor Hacken recently revealed concerning insights into the proliferation of ‘rug pulls, a malicious tactic aimed at stealing funds from crypto users, and how they accounted for the majority of Q3 crypto scams.

430 +

‘Hundreds of Thousands’ Forced to Commit Crypto and Other Fraud, UN Report Says

The UN reports that Southeast Asia is seeing an increase in crypto scams, with trafficked individuals and vulnerable migrants being coerced into operating these scams, often under inhumane conditions.

366 +

Crypto Investment Scams Cost Americans $2.57 Billion in 2022, Study Finds

A sobering new report describes a growing crisis of investment fraud ,with crypto at the heart of a large number of reported scams. The post Crypto Investment Scams Cost Americans $2.57 Billion in 2022, Study Finds appeared first on BeInCrypto.

294 +

BNB Chain Tops Crypto Scams and Rug Pull List: Research

Recent research by crypto risk monitoring firm Solidus Labs has taken a deep dive into the shady world of crypto scams. The findings do not bode well for BNB Chain. The post BNB Chain Tops Crypto Scams and Rug Pull List: Research appeared first on BeInCrypto.

347 +

US Congressman Demands Investigation Into Crypto Scams, Prods Exchanges to Intervene

US Congressman Raja Krishnamoorthi demanded answers from regulators as to how they would fight against the crypto scams that have plagued the industry. The post US Congressman Demands Investigation Into Crypto Scams, Prods Exchanges to Intervene appeared first on BeInCrypto.

347 +

DOGE Creator on Scams: Crypto Space Gets What It Deserves

Programmer Billy Markus has shared an opinion why the crypto sphere is full of scams

268 +

Crypto giants co-launch Chainabuse platform to water down rising scams

Chainabuse allows crypto users, victims of financial crimes and crypto businesses to report, discuss and actively issue warnings to reduce the effectiveness of scams.

251 +

Knowledge is Power: How To Stay Protected From Crypto Scams

Crypto scams are increasingly prevalent as the surge in DeFi and NFT projects increases. From Discord server bots to imitation NFT projects on OpenSea, new ways of stealing cryptocurrencies through deceit continue to crop up.

401 +

Crypto Scams Are Always There. Avoid Getting Rug-pulled With These Tips

Cryptocurrency has captured the world’s attention after the pandemic, and notorious scammers have taken notice too. With the rising popularity of altcoins and meme tokens, there will be an upsurge of new crypto scams taking place on Telegram.

209 +

Crypto exit scams on the rise

2021 has so far been one of the worst years on record for crypto-related scams and criminality. Two recent failures of crypto businesses in Turkey and South Africa are just the latest in a long history of founders running off with the cash - and they definitely won’t be the last.

454 +

John McAfee’s bodyguard pleads not guilty to role in crypto scams worth $13m

John McAfee’s bodyguard and executive advisor has pleaded not guilty to involvement in crypto scams that duped investors out of $13 million.

315 +

Tinder Bitcoin scams and other crypto hustles to avoid

While crypto assets are maturing into a viable alternative asset class, much of the crypto market is still the wild west - with a wide variety of scams remaining commonplace in the sector. In this article, we examine Tinder Bitcoin scams and the other usual suspects you should be aware of.

265 +

Crypto Scams Reached $381 Million in 2020 Already

Coinspeaker Crypto Scams Reached $381 Million in 2020 AlreadyPresently, scams constitute 1% of activities in the crypto sphere. This year the most widely discussed scam so far is the Twitter hack.Crypto Scams Reached $381 Million in 2020 Already

346 +

UK Financial Regulator: Watch Out for Coronavirus Crypto Scams

The United Kingdom’s Financial Conduct Authority is asking investors to watch out for coronavirus-related crypto scams.

268 +

Crypto Scams: The Effect on Consumers and Legitimate Businesses

As a crypto collectible company falls victim to copyright infringement, what are common types of scams in the industry — and how are they identified? #Sponsored

479 +

Australian crypto scammer brought before Court; incident highlights rise in crypto scams

Australia has been a pro-crypto country for quite some time and cryptocurrencies are treated as a legal commodity in the country; however, cryptocurrency exchanges register with the AUSTRAC, a government financial intelligence agency set up to monitor financial transactions.

479 +

South African Crypto Scam Thrives Under Name “Bitcoin Wallet” Investment Scheme

There are a number of factors have the potential to undermine possible crypto adoption worldwide and spoil its reputation and one of these are scams. While scams exist in every facet of human life, particularly those that have to do with money, the crypto Industry is an emerging one and there is already a sense […]

487 +

The Big Book of Crypto Scams: Giveaways

Scammers are going to various lengths to get ahold of other peoples’ crypto, from impersonating Elon Musk to hacking official accounts.   Anyone who has been in the crypto industry for a while, whether as a service provider, consumer, or enthusiast is likely aware of the variety of scams that exist within the space.

344 +

The Scams Of 2018: Crypto Thefts And Hacks That The Community Forgot

The Scams Of 2018: Crypto Thefts And Hacks That The Community Forgot In a year that was plagued with hacking attempts, phishing, and malware attacks, it is hard to remember everything. The crypto industry had so many difficulties, but the writers at the Hard Fork decided to bring to light some of the scams that […]

401 +

Crypto Scams, And The Scammers Who Scam The Stats

Bloomberg Research recently published a study from the Satis Group, an ICO advisory service, purporting to show that crypto is a minefield for bad investments. But not only was the reporting selective to the point of being misleading, some of the research itself was clearly gleaned from a cursory Google search – and it was dead […] The post Crypto Scams, And The Scammers Who Scam The Stats appeared first on Crypto Briefing.

825 +

Australia’s ACCC Scam Watch Site Issues Crypto Investment Warning

With the rapid rise in cryptocurrency prices at the end of 2017 and the start of this year, the market faced a soar in amounts lost due to fraud and scams in the field. According to the Australian Competition and Consumer Commission (ACCC) investment instruments have seen an increase in scams generally during the year […]

480 +

Crypto Scams Become the Second Most Recognized Fraud by Investors in Australia

Australia’s consumer regulator mid-year review showed a significant rise in all reported fraudulent activities, and people possibly lost more than A$26 million through the end of June.

371 +

Stop Scams With Bitdepositary

The Bitdepositary mission is to eliminate scam ICOs and guide less experienced investors to make the right ICO Investment decisions. Its Salesforce integrated Blockchain platform allows users to vote for projects they believe in.

343 +

Crypto Market Leaders Call For Twitter to Ban ‘Scam Bots’

Crypto scam bots have become a common sight in the Twitter landscape, with many premier cryptocurrency personalities seeing an influx of fraudulent accounts commenting on their posts. This has become such a large problem that well-known cryptocurrency figures, like Binance’s CEO and Charlie Shrem, have signed an “open letter” calling for these scams to end.

414 +

AmaZix BrandShield Partnership Step Up Combat Against Fraudulent ICO Projects

A partnership between Amazis and BrandShield a leading crypto community management firm and a cyber intelligence company respectively has been made to combat the influx of scammers in the cryptocurrency world.

2803 +

DagCoin Crypto Ponzi Scheme Evolves From OneCoin Success Factory Scam

DagCoin Ponzi Scheme Evidence Continues To Pile The OneCoin Ponzi scheme was a major scam that left thousands of investors with empty pockets and a dulled outlook on the crypto market. With the prevalence of scams like OneCoin’s, it is no wonder why many investors continue to be weary of approaching the newly-minted market with […]

907 +

US Ranked Top Destination for Coin Offerings, Majority of ICOs Identified as Scams

The US remains a leading destination for ICO projects according to a new study that also ranks Switzerland and Singapore in the top three. The report notes that authorities in other jurisdictions, like Russia and Estonia, are working to adopt favorable regulations in order to attract more crypto startups.

448 +

BrandShield to bring enterprise protection to AmaZix crypto communities

BrandShield, the AI-powered cyber intelligence company battling online brand abuse and scams, today announced its partnership with AmaZix, a leading community management and engagement firm for crypto startups.

2594 +

SATIS Group Report: ‘78% of ICOs are Scams’

The 2018 crypto ecosystem is looking significantly different than 2017. Although the values of the most prominent cryptocurrencies are down considerably from their December 2017 highs, new digital currencies issued through ICOs are receiving record investment.

439 +

Initial coin offers in 2017

Satis Group prepared a report, in which it has shown that around 81% of the total number of initial coin offerings launched since 2017 have turned out to be scams. The crypto world has been developing rapidly, with Initial Coin Offering (ICO) becoming one of the most popular investments in the world. Satis Group, the

471 +

Hodler’s Digest, July 9-15: While Mining ETH is a ‘Side Hustle’ for Google Co-Founder, Mining BTC for Russians May Fund Election ‘Interference’

More than 80 percent of ICOs in 2017 are identified as “scams,” while the UK sees crypto becoming mainstream within a decade — read more in our Hodler’s Digest

491 +

Study Concludes 80 Percent of ICOs in 2017 Were “Scams”

Initial Coin Offerings (ICOs)–The bad news for ICOs continues to roll out this summer. Last month, TechCrunch published a review of the crypto industry, concluding that over a thousand projects were already considered dead, despite some still having a presence on exchange and coin listings.

302 +

Special Unit Formed to Investigate Crypto Cases in India

A special investigations unit has been set up in the Indian state of Maharashtra where there is a rise in bitcoin-related scams. The unit will take over the investigation of all cases relating to cryptocurrency in the state that are currently handled by various police departments.

325 +

Crypto Scams: US Texas Securities Regulator Issued 9 Orders by end-June

Texas Securities Board’s mid-year review revealed that alleged crypto Ponzi schemes used mainly social media channels for targeting investors.

379 +

Elon Musk Fixes on Crypto Scams in First Ethereum-Related Tweet

For some reason, the boss of Tesla and SpaceX, Elon Musk, chose to focus on crypto scams in his first post related to Ethereum.

480 +

Florida Wants Own Crypto Chief As Usage of Digital Currencies Increases

Despite the current market slump, the cryptocurrency industry continues to expand in Florida rapidly. With the increasing popularity of digital currencies, risks in the form of ICO scams and other crypto-related frauds have also increased.

435 +

Bitcoin Users Beware, Crypto Hacking Crimes Via Copy & Paste Clipboard Malware Are Here

New Bitcoin And Crypto Hack Is Targeting Users There are many different ways to steal cryptocurrencies, and users should be aware of it. Do not trust low volume and low liquidity centralized exchanges.

458 +

Ripple, Ethereum, Bitcoin Are ‘Last Coins Standing’ Defying Crypto Death Pool

Analysts’ reports reveal that the bitcoin bubble has perhaps burst, with over 800 cryptocurrencies having “died” because of crash in prices of coins, down to less than a cent. Many of them were scams and did not come into existence as real products.

404 +

5 largest scams in crypto historical

And if that weren’t enough, you have to make sure you don’t fall victim to ICO scams as well. That’s not because they were necessarily scams, but simply because of mismanagement, lack of budget, or a poor marketing strategy.

358 +

5 of the Biggest Scams in Crypto History

We’ve all seen the headlines. Dive deeper into the world of digital currency and there’s a decidedly seedy layer lurking underneath. We’re talking about drug barons and tax evaders, cybercriminals, and rogue miners.

356 +

Facebook Reverses Cryptocurrency Ad Ban Amidst Rumors of a Coinbase Acquisition

Facebook has reversed its blanket ban on cryptocurrency ads and will now allow pre-approved crypto businesses to advertise. However, ICOs and binary options will still be prohibited from the platform.

478 +

Bans, Not the Ideal Option to Fight Crypto Scams

Since cryptocurrencies currently seem to be on the verge of changing the face of the finance sector, it has attracted so much attention, even from criminals who also want a piece of this innovation.

369 +