#scams News

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Canadian Bitcoiner Scams the Scammer, Donates Proceeds to Bitcoin Venezuela

August 7, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Ben Perrin, a Calgary-based bitcoin enthusiast who runs an educational YouTube channel dedicated to enlightening the masses on all things cryptos, has succeeded in beating scammers in their own game and he’s donated the proceeds to Bitcoin Venezuela, a platform that helps Venezuelans buy groceries with cryptos, reports CBC on...

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The Big Book of Crypto Scams: Giveaways

May 26, 2019 by Tokoni Uti at Cryptocyclopedia

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...

MFSA Warns Investors against Crypto Scams, Issues Guide to Identify Them

April 26, 2019 by Mohammad Musharraf at Business, Commentary, Crime, Regulation

Following the numerous warnings previously issued in 2019, the Malta Financial Services Authority (MFSA) released an easy-to-read guide addressing the risks associated with cryptocurrency investments and warning the public against crypto-asset scams, media house Times of Malta reported on April 25, 2019. Don’t Fall for Clickbait and Unrealistic Returns While...

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Belgium: FSMA Blacklists Seven More Crypto-Related Fraudulent Websites

April 5, 2019 by Aisshwarya Tiwari at Business, Crime, News, Regulation

On April 4, 2019, Belgium’s financial watchdog, the Financial Services and Markets Authority (FSMA), announced that it had updated a blacklist of cryptocurrency-related websites associated with crimes such as fraud. Belgium’s FSMA Tightens the Strings Belgium, like many of the other European nations, has been somewhat skeptical towards cryptocurrencies. However,...

Augur Developer’s Dilemma in Fixing Vulnerability in Bettors Prediction Market

March 21, 2019 by Tom Nyarunda at Altcoins, Blockchain, Commentary, Development, News

Augur CEO Joey Krug admitted the platform’s betting system had a vulnerability that has been exploited by scammers. Bet on Impossible Outcomes In a series of Tweets, Krug admitted that a malicious actor has taken advantage of a vulnerability in the best-known prediction market by taking advantage of deliberate ambiguities...

FBI Speaks On The Cryptocurrency Sector

February 20, 2019 by Neil at Altcoins, Bitcoin, Commentary, News

It is rare that cryptocurrency investors and traders actually get insight into the way that law enforcement is watching and examining the cryptocurrency industry. In a recent interview with the FBI conducted by The Paypers, February 19, 2019 - the agency elaborated on how investors can protect themselves, and how...

South Korea Launches Investigation into Crypto Exchanges' Management of Personal Data

ICO Ban to Continue in South Korea, FSC Says

February 1, 2019 by Aisshwarya Tiwari at Altcoins, Business, Finance, News, Regulation

South Korea’s state financial regulator Financial Service Commission (FSC) will continue the ban on initial coin offerings (ICOs); this was confirmed in a press release published on January 30, 2019. ICO Fiasco in South Korea South Korea officially curbed ICOs on September 29, 2017, when the FSC stated that it...

Wall Street Journal Reveals 513 Deceptive ICOs Without Unique Whitepapers

December 29, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Business, Ethereum, Finance, News, Platform, Tech

The Wall Street Journal (WSJ), an international daily newspaper on December 26 2018, released a report which shows that out of 3,291 initial coin offerings (ICOs), 513 of them are very risky or outright scam projects, as a number of red flags were seen in their whitepapers, including duplicate content,...

Bitcoin Drops Further as Much-Awaited Bitcoin ETF Is Pushed Down the Road: BTCManager’s Week in Review Dec 10

December 10, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, News, Platform, Tech

The price of bitcoin dropped by over 15 percent versus last week’s close after it became clear that the crypto markets will have to wait longer for a potential Bitcoin ETF to be approved in the U.S. "Crypto Mom" Provides Insights Hester Peirce, a commissioner of the SEC often referred...

Initial Coin Offering Case Ends In Guilty Plea As Man Admits to Lying

November 19, 2018 by Cindy Huynh at Altcoins, Blockchain, Crime, News, Platform, Tech

A fraud prosecution case in the United States (U.S.), involving initial coin offerings (ICO) recently ended in a guilty plea. According to a Bloomberg article published on November 15, 2018, the guilty man, Maksin Zaslavskiy, admitted to the U.S. judge that he had raised millions in investment and lied to approximately 1,000...

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