Tag: scams

The government of Singapore has warned investors to be wary of bitcoin investments purporting to be backed or supported by Singaporean Prime Minister Lee Hsien Loong, Bloomberg reported on September 24, 2018. Singapore Issues Warning The island state’s premier has been forced to issue a statement dissociating himself from the supposed investments after a rash of incidents involving crypto investment schemes…

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The shadowy world of spam marketing and sock puppeting on behalf of cryptocurrency and blockchain projects has hit the headlines for its impact on Twitter users. The ubiquitous “crypto giveaway” scam has targeted everyone from Roger Ver to Pope Francis. Less known is how this complex shilling operation functions on sites like Reddit and Bitcointalk, which are even more critical…

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Cyberpunks have broken into the system of Brazil’s controversial bitcoin investment platform, Atlas Quantum. If the report by local news source Portal do Bitcoin on August 26, 2018, is anything to go by, the hacker was unable to steal digital assets of investors but succeeded in leaking sensitive information of 264K users, including their email addresses, phone numbers and the amount…

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Chinese police have recently arrested three men for hacking and stealing 600 million yuan ($87 million) in cryptocurrencies. According to the South China Morning Post, the Xian Police officers stated on Saturday, August 18, 2018, that when it came to cryptocurrency criminal investigations in China, this was the largest number of stolen cryptocurrencies in the nation. First Cryptocurrency-Related Case in…

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Cryptojacking, the secret use of a computing device to mine cryptocurrency, has surged 629 percent in 2018, according to the latest report by computer security firm McAfee. A rise from 400,000 in Q4 2017 On average, five new threat samples were found every second in 2018 Q1, totaling 2.9 million. This represents a massive 629 percent growth in cryptojacking and…

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The monumental rise of Initial Coin Offerings (ICOs) as a form of fundraising in 2017 was undoubtedly impressive, with industry observers expressing both criticism and acknowledgment of the process.  Now, the method has been studied in detail by academics, who sought to point out the technique’s incredible success rate in proportion to Twitter metrics. Twitter Followers and ICO Returns According…

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Cryptocurrency scams were perhaps the most widely reported feature of the digital asset class, apart from their mammoth price increase. Millions of dollars have been fleeced from unsuspecting investors, who needed nothing more than a functional website and a basic whitepaper to consider a project as “trustworthy.” Scammers Adept At Following Trends Results from a recent Australian Competition and Consumer…

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While some companies are investing, adopting, and utilizing cryptocurrencies or its related products, “FANG” stock companies are persistently avoiding the digital asset in all forms. The latest to do so is Microsoft Bing, which joins Google and Facebook in their decision to ban cryptocurrency-related advertisements on their platforms. Move to Avoid Lawsuits Announced via an official blog post on May…

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Without a doubt, cryptocurrencies are the 21st century’s most mysterious invention, with a very few people able to fully explain their working or be considered as actual “experts” in the field. However, a mysterious story is not enough to ensure the digital asset class’ longevity, feels economics Nobel Award winner Robert Shiller. ‘Devotees’ Emotionally Invested in Digital Assets On May…

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In recent years, the cryptocurrency space has undoubtedly drawn considerable attention, with media reports generally focusing on the monetary aspect of digital assets, as opposed to its underlying blockchain technology. However, investors looking to make a quick buck have been targeted by hackers and scammers, either with the lure of a fraudulent digital currency or with a pyramid scheme disguised…

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