2023-9-1 13:25 |
Responsibility for crypto scams does not only belong to the cryptocurrency industry, it also involves banks, telecoms and social media platforms, Australian exchanges say. origin »
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The cryptoverse is no stranger to scams. Every week we hear and read about investors and traders getting scammed, which is the clearest thing about cryptocurrency exchanges. Scams are more common, so many lose it all because of malevolent actors.
2021-12-21 16:30 | |
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Centralized crypto exchanges are harder to run than they look. This feature looks at notable exchange failures of the last decade and the escalating ecosystem damage caused by hackers and crooked founders.
2021-7-20 15:01 | |
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One of Britain’s biggest domestic lenders, NatWest Group, has capped the daily amount customers can send to cryptocurrency exchanges due to concerns over investment scams and fraud. This also affects leading cryptocurrency exchange Binance, which, as we reported, has already removed the ability to deposit and withdraw British Pounds (GBP) from the platform through Faster […] The post Britain’s NatWest Group is Latest to Cap Daily Transfers to Crypto Exchanges first appeared on BitcoinExchangeGuide.
2021-6-30 18:00 | |
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The National Westminster Bank (NatWest) has temporarily imposed a limit on the daily amount that its clients can send to crypto exchanges like Binance, over concerns of rising cases of crypto-related scams and fraud, according to the Bank’s spokesperson.
2021-6-30 16:05 | |
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A major British bank, Natwest, has put a limit on fund transfers to cryptocurrency exchanges over concerns of fraud and scams related to cryptocurrencies. The bank is also blocking payments to a number of cryptocurrency asset firms.
2021-6-30 14:30 | |
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Ciphertrace, a blockchain analytics company, has announced that crypto-related crimes have moved to the realm of decentralized finance (defi) apps and protocols. Now, the impact these hacks and exploits represent is way bigger than the one classic hacks to centralized exchanges and other scams do, according to their latest “Cryptocurrency Crime and Anti-Money Laundering Report.” […]
2021-5-15 03:30 | |
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Recent analytics report from XRP tracker reveals the scale of recent XRP giveaway scams that happened to users of major crypto exchanges in the last month
2021-5-4 12:54 | |
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A crypto trader from the Northborough US Austin Nedved has been charged with knowingly laundering $630,000 in proceeds from victims of romance and lottery scams via decentralized exchanges. According to the Massachusetts Office of the U.
2020-12-20 19:26 | |
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Kraken CEO Jesse Powell says "DeFi scams" should stop expecting exchanges to bail them out
2020-10-27 09:18 | |
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While centralized cryptocurrency exchanges struggle to live, with at least 75 of them closed down due to hacks and scams so far this year, Decentralized Exchanges (DEX) are leading 2020. These past couple of weeks, even big exchanges like KuCoin and BitMEX weathered some storms.
2020-10-8 19:27 | |
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It’s no secret that the anonymous and entirely digital crypto market is rife with scams, fraud, and crime. Although this only accounts for a small portion of the market as a whole, it is still a thorn in the side of the industry.
2020-7-15 05:00 | |
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In the first six months of 2020, scammers made off with about $24 million in bitcoin, as per the Twitter bot Whale Alert's latest report. These scams involved giveaways, sextortion, fake exchanges, fake ICO's, bitcoin recovery, video scams, Ponzi schemes, fake tumblers, malware, and so on.
2020-7-14 21:54 | |
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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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Blockchain sleuth Chainalysis has made an announcement that it supports XRP from now on and is going to help investigate cybercrime cases to do with this coin
2020-2-16 20:49 | |
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Trading platforms are popping up all over the market lately, as more and more people are looking into either buying their first crypto or betting on/against its future. Some of those platforms turn out to be total duds and outright scams, as we saw with exchanges such as Mt.
2019-12-17 18:32 | |
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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.
2019-8-22 11:00 | |
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In total, investors, users, and exchanges have lost some $4.3 billion from illicit activity.
2019-8-13 23:00 | |
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Thefts, scams and other misappropriation of funds from digital currency holders and exchanges have resulted in a $4.3 billion in losses throughout 2019, according to CipherTrace
2019-8-13 21:26 | |
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Crypto crimes, in the form of hacks, scams and money laundering, have become increasingly popular, ever since the market picked up. Crypto traders of today have heard of every possible way their assets can be compromised, whether this implies straight out of one’s personal wallets, crypto exchanges or falsified initial coin offerings. According to the […]
2019-7-22 00:11 | |
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With the skepticism of cryptocurrency exchanges in the last year going down for hacks or exit scams, Bitfinex has taken a transparent approach and announced the upgrade of their platform well in advance.
2019-6-24 00:44 | |
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REMCO describes why they decided to list their token on DigiFinex, a Singapore-based cryptocurrency exchange, and what dangers projects need to look out for. As the market comes back to life, listing activity on crypto exchanges has also picked up.
2019-6-15 19:53 | |
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Binance and Coinbase’s success and popularity, arguably the two most important cryptocurrency exchanges in the world, can be gauged using a metric that measures the amount of people they draw in.
2019-6-10 21:30 | |
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By CCN: Coinroom, one of the largest cryptocurrency exchanges in Poland, has suddenly closed down its services in April as part of an exit scam that had left thousands of customers as victims. According to the Polish media outlet Money.
2019-6-7 12:39 | |
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The Australian Securities and Investments Commission (ASIC) has published an update on how it intends to regulate crypto-related businesses and initial coin offerings (ICOs).
2019-6-1 19:04 | |
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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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By CCN. com: Even as the bearish conditions in the crypto markets persisted in this year’s first quarter, bad actors in the sector continued to thrive. According to cybersecurity firm CipherTrace, during the first quarter of the year, the amount that bad actors generated from stealing from bitcoin exchanges and operating cryptocurrrency scams reached $1.
2019-5-1 15:13 | |
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CryptoNinjas Binance Labs, the venture arm of crypto exchange company Binance, announced today it has invested in PhishFort, a tool which protects high-risk companies, such as crypto exchanges, ICOs, and token platforms, from phishing attacks and scams.
2019-4-29 14:20 | |
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Trading platforms are popping up all over the market lately, as more and more people are looking into either buying their first crypto or betting on/against its future. Some of those platforms turn out to be total duds and outright scams, as we saw with exchanges such as Mt.
2019-4-19 01:43 | |
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Cryptocurrency exchanges have evolved over the past few years. Whether it has to do with the endless hacks, the inflation of trading volume, or the exit scams. A new generation of exchanges has come to light known as DEXs or Decentralized Exchanges.
2019-2-5 09:27 | |
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Thefts and scams are plaguing the crypto space, which saw US$1. 7 billion worth of cryptocurrencies being stolen and scammed in 2018, a sharp increase despite a slump in the market, according to the CipherTrace 2018 Q4 2018 Cryptocurrency Anti-Money Laundering Report.
2019-2-2 15:11 | |
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Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume.
2019-1-23 00:57 | |
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For cryptocurrency investors, security and transparency take the driver’s seat when selecting the exchange in which to do their trades. And because several exchanges resulted in exit scams and regulatory non-compliance, investors find it increasingly difficult to find trusted exchange platforms.
2018-12-3 19:00 | |
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Bitcoinist spoke with On Yavin, CEO of Cointelligence, an educational and data platform for the cryptocurrency space that will soon launch the first-ever cryptocurrency exchange rating system in early 2019.
2018-12-1 16:00 | |
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Security and malware researcher Lukas Stefanko, who’s known for catching cryptocurrency-related scams, has recently found an app on Google’s Play Store phishing users’ credentials on conventional banking apps and cryptocurrency exchanges.
2018-11-5 13:51 | |
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In a paper released on Thursday, Nasdaq Inc. said it has spent decades developing tools to police securities, currencies and other markets, and can use them to stamp out manipulation and other scams besieging digital assets, Bloomberg reported.
2018-11-2 17:52 | |
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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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Cryptocurrency exchanges are still unregulated, though many go to great lengths to operate ethically. Digital assets as of now are not yet insured by organizations such as the FDIC, meaning if you lose your crypto, it could be gone for good.
2018-10-10 07:00 | |
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The world of cryptocurrencies has come a long way since the invention of Bitcoin in 2008. It still has a long way to go. As a new user who wants to become engaged in the industry, you must navigate your way through thousands of coins, dozens of exchanges, a patchwork of regulations, all the while dodging ICO scams and making sure your digital fortune is secure.
2018-9-27 01:00 | |
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Operation Cryptosweep tops 200 investigations, Chinese mining giants seek IPOs, Bill Cosby accused of hiding wealth in bitcoin and August ICO scams net $68 million.
2018-9-1 20:07 | |
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A copycat Ethereum application on Google Play came under scrutiny earlier this week–scamming users under the pretext of selling them 1 ether, without selling any actual ether. Several users were tricked into buying the non-existent token, according to Hard Fork.
2018-8-23 00:00 | |
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ECoinmerce, a DAO e-commerce platform, has announced the launch of the Crypto Community Watch program, in partnership with a consortium of crypto industry organizations including ICO Alert, GZH, Step VC and NewEconomies.
2018-8-21 19:07 | |
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In sharp contrast to their original mission statement, there are many “pink sheet” or “penny stock” scams that go mostly unnoticed by the SEC and the exchanges. These Microcap Stock Fraud schemes run into the billions annually according to August 8, 2018, reports.
2018-8-9 20:00 | |
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The advent of smart contracts has long drawn interest for its potential to revolutionize business agreements. There’s just one problem, and it’s one that has affected many spheres of the cryptocurrency space: a knowledge gap.
2018-7-13 19:12 | |
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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.
2018-7-7 00:43 | |
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A Singapore-based blockchain security company has developed a crowdsourced threat intelligence platform to protect digital wallets and exchanges from hackers by collecting, sharing and analyzing scams, hackings, and fraud data #SPONSORED
2018-6-26 05:47 | |
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Due to recent security breaches and thefts among some large-scale cryptocurrency exchange platforms, the need for exchange insurance is booming. Many insurance companies, however, are hesitant to take the risk — citing their distrust in current security measures.
2018-6-26 03:00 | |
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The cryptocurrency space is filled with crime. Bitcoin and other cryptocurrencies are used everyday for the dealing of contraband goods and prohibited services. Cryptocurrency Exchanges are being hacked and robbed of millions at an increasing rate, money laundering efforts are being aided by various coins, and ICO scams continue to cast doubt over the […] The post Experts say Cryptocurrency Crimes will be on the Rise this Year appeared first on ZyCrypto.
2018-6-24 21:22 | |
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The regulatory crackdown on fraudulent and malicious cryptocurrency operations has continued, with more reports showing scams falling to the might of regulators. The BleepingComputer reported that Ukrainian men had been arrested on suspicions of the operation of fraudulent cryptocurrency exchanges.
2018-6-23 14:30 | |
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Generally, when we see reports of cryptocurrency and blockchain crime, we see reports of either hackers or ICO based scams. I suppose these methods are the most common for stealing crypto assets because ultimately, they are the most covert.
2018-6-22 11:30 | |
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Artist Nelson Saiers’ “Rug Pull” highlighted the victims of crypto rug pulls and perceived SEC inaction in safeguarding investors.
The Department of Banking highlighted that Bitcoin of America failed to obtain a license as a money transmitter to operate Bitcoin ATM kiosks in the state.
Scammers have been using advanced hacking bots on Telegram designed to trick investors into divulging their two-factor authentication, leading to accounts being locked and wiped out.
The SEC summarized its efforts on combating crypto misconduct as its chairman is set to step down by the end of this year.
Coincurve’s Rod Hsu says facial recognition can stamp out social media Bitcoin scams.
A rise in cryptocurrency and coronavirus investment scams in New Zealand's Pacific islands has prompted authorities to launch awareness campaign.