2025-11-13 20:50 |
Scammers tricked victims into downloading a fake mobile crypto exchange app, and stole their funds if they made a transfer. Crypto-related fraud is becoming more sophisticated, and law enforcement is stepping up. origin »
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In a recent discussion with CNBC, Pierce called out Congress for not addressing crypto regulations, arguing that inaction stifles innovation and fuels fraud.
2024-3-3 21:56 | |
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The collapse of FTX and increasing incidents of fraud are forcing auditors to make harder choices concerning crypto companies. The post FTX Fall Puts Auditors in the Spotlight as Crypto Fraud Numbers Climb appeared first on BeInCrypto.
2022-11-29 20:30 | |
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The biggest news in the cryptoverse for August 31 includes US Congress asking 5 crypto exchanges to explain how they are combatting crypto fraud, Michael Saylor getting sued for tax fraud in Washington, and Christopher Hamilton being extradited to the United States for trial on OneCoin Scam.
2022-9-1 02:55 | |
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Binance Indian exchange WazirX has partnered with blockchain intelligence firm TRM Labs. The collaboration is expected to increase the security capacity of India’s largest exchange and help detect crypto fraud transactions.
2021-7-2 05:00 | |
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2019 was another banner year for crypto fraud that will continue to adversely impact prices of Bitcoin and Ethereum going forward as Ponzi scheme PlusToken unwinds. Although some of its perpetrators have already been jailed in China, active wallets suggest that the entire crime ring hasn’t been arrested.
2020-2-27 06:41 | |
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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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Belgium’s Financial Services and Markets Authority has published a public service announcement warning would-be investors against 99 scam cryptocurrency websites. They have also published a guide to help investors avoid being taken in by crypto fraud.
2018-10-29 00:05 | |
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Since cryptocurrencies broke into the mainstream, it’s always one negative thing after the other as critics and cynics have tirelessly tried to bury them. Cryptos have been labeled a scam, a bubble, a fraud, a phase and all sort of negative comments have been passed about it, including many notable figures in the world of […] The post Crypto Fraud the Leading Factor for Public Cynicism appeared first on ZyCrypto.
2018-8-27 02:13 | |
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UK’s Action Fraud Finds Over $2 Million in Losses, Accounting for 203 Instances Of Crypto Fraud One of the biggest issues that arises with the cryptocurrency and blockchain industry is the potential for theft, as hackers find new ways to infiltrate it.
2018-8-17 16:39 | |
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Michael Terpin has charged AT&T for the SIM-swap fraud wherein the hacker managed to impersonate his identity and gain access to his cryptocurrency accounts. The post Crypto Investor Files $224M Lawsuit Against AT&T for Mobile-Hack appeared first on CoinSpeaker.
2018-8-16 10:14 | |
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According to new research by Kaspersky Labs, Ethereum is the favoured coin for cryptocurrency scammers worldwide. As the most notorious cryptocurrency behind Bitcoin, Ethereum is the obvious choice for a scammer, built on a huge network but with little mainstream attention, it allows scammers to remain hidden, yet still able to access a huge network filled with the potential to commit fraud.
2018-8-16 06:00 | |
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Investor Sues AT&T For $224 Million USD Over Crypto Losses The US entrepreneur and crypto investor Michael Terpin has recently filed a $224 million USD lawsuit against the telecom giant AT&T.
2018-8-15 21:11 | |
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Mining and trading Ponzi schemes were the most popular tools for crypto fraudsters, the police data revealed.
2018-8-10 21:02 | |
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A new way to trade bitcoin and digital currencies is now in the books. SparkSwap is the first crypto exchange to be built on the Lightning Network. It allows users to trade both bitcoin and altcoins in seconds without depositing assets with a third party.
2018-8-10 18:32 | |
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On August 8, 2018, JPMorgan’s Jamie Dimon stated that more banks are considering building businesses to work with the digital currency ecosystem, seeing the emerging space of cryptocurrencies as a blind spot for major financial institutions.
2018-8-10 02:00 | |
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UK financial regulators focus attention on second fraud operation this week involving a crypto company claiming to be an authorized firm
2018-8-9 16:53 | |
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On August 6, 2018, two security researchers at Duo Security who were studying Twitter automation patterns, stumbled upon a vast network of Twitter bot accounts promoting crypto fraud. The sophisticated network was accidentally discovered while the researchers were looking into how to create a methodology for accurately identifying Twitter bots.
2018-8-8 00:00 | |
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ConsenSys, the Ethereum production studio based in the U. S. , launched ConsenSys Ventures last year selecting Kavita Gupta to run two funds of $50 million and $100 million.
2018-8-6 17:40 | |
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A recent investigation conducted by Group-IB, an international firm dedicated to investigate and prevent sophisticated crimes and online fraud, revealed that the USA, Russia and China are going to be the main targets for crypto hackers.
2018-8-5 08:06 | |
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XRP has seen some positive movements recently. Sadly, these haven’t really impacted the value of XRP, simply because these movements come off the back of a very negative few months for the currency and for the company, Ripple.
2018-8-2 13:00 | |
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In recent regulatory news, Dutch police have reported an increase in electricity fraud associated with crypto mining, a Michigan Republican member of the House Financial Services Committee has urged Congress to make the development of clear guidelines overseeing the cryptocurrency industry a top priority, and digital currency advocacy group, Chamber of Digital Commerce, has published […] The post Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight appeared first on Bitcoin News.
2018-7-31 18:35 | |
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A new cryptocurrency fraud in Vietnam was unveiled recently when investors and board members of Sky Mining, a cryptocurrency mining firm, alleged that they have been unable to reach the company’s CEO, Le Minh Tam.
2018-7-31 17:49 | |
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Celebrities like cryptocurrency. Though many of them don’t really talk about it in the public sphere, why is this? Well, it’s pretty obvious isn’t it, a public association with a cryptocurrency and a celebrity will no doubt leads to that same celebrity being associated with crime lords, fraud, money laundering, drugs and terrorism.
2018-7-31 15:30 | |
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When discussing cryptocurrency with friends and associates, I often hear a familiar refrain. “Isn’t Bitcoin used by criminals?” The short answer is yes – everything with any value is used by criminals, whether it’s art, money, jewelry, or more.
2018-7-31 21:24 | |
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The Chamber of Digital Commerce’s Token Alliance is producing a new group of guidelines built to help the cryptocurrency and initial coin offering (ICO) markets grow responsibly.
2018-7-30 18:38 | |
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Cryptocurrencies have long been a part of a regulatory grey zone, with international regulatory bodies holding mixed opinions on the development of this nascent industry and asset class. Whether this is due to worries of fraud, cybercrime or heavy financial risk, regulators have often strayed away from touching on the subject of cryptocurrencies.
2018-7-28 02:09 | |
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Nui Responds to Cease and Desist by Restructuring The Texas Securities Board issued a cease and desist order against Nui for its securities fraud issues. In response to the order, Nui announced restructuring of its affiliate offering.
2018-7-27 20:24 | |
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The CEO of MasterCard has said that not only does he think cryptocurrencies are “junk”, but that it is mostly used to fund drugs, child prostitution, and fraud. His concern, however, comes following a disastrous marketing campaign which tied child hunger to World Cup goals.
2018-7-27 17:37 | |
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The value of the cryptocurrency market has increased to well over $300B, and has opened the doors to an entirely new class of wealthy individuals looking to invest in luxury art and rare collectibles.
2018-7-27 06:00 | |
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Cryptocurrency fraud and crime is rife in South Korea. This year alone with have seen countless reports of fraud and hacks taking place within the country in instances that could have otherwise been stopped with adequate regulation.
2018-7-27 00:30 | |
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Jon Montroll, the founder of two US based cryptocurrency trading platforms has pled guilty to allegations of security fraud that has seen Montroll deceive both investors and the authorities on multiple counts, allowing him to manipulate investigations into hacks that had taken place within his platforms.
2018-7-26 16:00 | |
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The owner and operator of two defunct crypto platforms has pleaded guilty to charges of securities fraud and obstruction of justice. Jon E. Montroll was arrested in February after it emerged that he had used his platforms to steal from investors, operated an unregistered securities exchange, and lied about having knowledge of a hack on […]
2018-7-26 23:00 | |
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In today’s edition of Bitcoin in Brief we cover a number of stories related to crime from around the cryptosphere: an exchange operator pleads guilty to securities fraud, a scammer is fined over $1.
2018-7-25 14:58 | |
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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 […]
2018-7-24 10:07 | |
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The creator of now defunct securities investment platform BitFunder and crypto exchange WeExchange, Jon Montroll, has pleaded guilty to fraud.
2018-7-24 08:55 | |
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The man behind two now-defunct cryptocurrency investment sites has pled guilty to securities fraud and obstruction of justice charges. The U.S. Attorney for the Southern District of New York announced the guilty plea on Monday, coming days after it was reported that Montroll was close to a deal with prosecutors. Jon Montroll was arrested back
2018-7-24 02:03 | |
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Jon Montroll, who ran the now-defunct bitcoin investment platform BitFunder, has plead guilty to securities fraud and obstruction of justice charges.
2018-7-24 23:54 | |
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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.
2018-7-24 21:38 | |
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FinanceFeeds’ revealed, on July 20, that the founder of the shutdown bitcoin stock exchange, BitFunder, Jon Montroll is trying to work on a “plea agreement” with the U. S Securities Exchange Commission (SEC), for both his and BitFunder’s multiple fraud and scam activities.
2018-7-20 21:08 | |
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DIRT, a blockchain startup that plans to develop a trusted platform for structured data, has raised $3 million in a seed funding round. The San Francisco-based company said investment firms that participated in the round include General Catalyst, Greylock Partners, Lightspeed Venture Partners, Pantera Capital and others.
2018-7-21 20:14 | |
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DIRT, a blockchain startup that plans to develop a trusted platform for structured data, has raised $3 million in a seed funding round. The San Francisco-based company said investment firms that participated in the round include General Catalyst, Greylock Partners, Lightspeed Venture Partners, Pantera Capital and others.
2018-7-20 20:14 | |
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As the crypto market continues to meld into the realm of traditional finance, the Chartered Financial Analyst (CFA) Institute is taking notice — so much so that the organization is adding cryptocurrency and blockchain sections to its 2019 certification exams.
2018-7-16 20:42 | |
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Russian Agency Establishes a Registry of Trustworthy Crypto Projects Soon, digital currency fraud will be entirely forgone in Russia, after the local association of cryptocurrencies and blockchain established a registry of whitelisted institutions that operate in the crypto sector.
2018-7-16 20:42 | |
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Bulgaria's Financial Supervision Commission (FSC) will start monitoring the crypto market in an effort to devise measures against money laundering and fraud via virtual currencies.
2018-7-16 12:55 | |
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The Texas State Securities Board announced on July 12 that immediate action had been taken to halt the business of a network of companies, offering crypto related services and products. Counts of unregistered securities, violations of Texas Securities Act, and fraud all made the basis for the Cease and Desist order.
2018-7-15 15:49 | |
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A Greek court has ruled to extradite the alleged former operator of crypto exchange BTC-e, Alexander Vinnik, to France, local news outlet CNN Greece reported Friday, July 13. The 39-year old Russian national Vinnik, also known colloquially as “Mr.
2018-7-15 23:52 | |
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A judge in New York has postponed a decision on a crypto fraud lawsuit until the CFTC can explain how it calculated damages.
2018-7-13 16:00 | |
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A rampant epidemic of cryptocurrency fraud plaguing Twitter for the past several months has now drawn the attention of Elon Musk. Musk took to Twitter on July 8, 2018, to speak out against the scam after he found himself in the whole mess.
2018-7-13 14:00 | |
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The Trump administration announced the launch of a new task force aimed squarely at “cyber fraud” and digital currency. The post Trump Administration Task Force Targets Crypto Fraud appeared first on CryptoSlate.
2018-7-12 22:00 | |
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A cluster of major US inflation and jobs reports due this week could spike volatility in stocks and crypto, with Fed policy expectations in focus as liquidity drops. A series of U.S. economic data releases scheduled for this week could…
Kraken's parent company made a first step toward an IPO, hoping to follow the path of Circle, Gemini, Bullish, and Figure Technologies
New Hampshire has once again notched the first position among other U.S. states after launching a Bitcoin-backed municipal bond. New Hampshire’s business financing agency, the Business Finance Authority, signed the approval on Nov 17 to authorize a “first of its…
United States authorities have indicted Chicago-based crypto ATM operator Virtual Assets LLC and its founder, Firas Isa, with money laundering charges involving fraud and narcotics proceeds. Isa and his firm operated Crypto Dispensers, a company whose core business involved offering…
The U. S. Senate Banking Committee will vote in December 2025 on comprehensive cryptocurrency market structure legislation, according to committee Chair Tim Scott on a recent television interview on Fox News.
Will the White House proposal give the IRS broader access to offshore crypto data as agencies push for tighter tax oversight? The White House is examining a proposed rule that would give the Internal Revenue Service access to data on…
Treasury yields, Federal Reserve policy, have put pressure on risk assets, including Bitcoin, during the government shutdown. The longest government shutdown in U.S. history is over, but the crypto markets are still in the red. Just hours after lawmakers finalized…