SEC Official Calls Crypto Scams the ‘Flavor of the Year’

Scams involving celebrity endorsements of digital assets are becoming more common.

News  ·  25 August 2021

Esports Organization FaZe Clan Drops 1 Member, Suspends 3 Following Alleged Crypto Scam

Frazier "Kay" Khattri has gotten the boot, while Jarvis Khattri, Nikan Nadim and Jakob Teeqo have been suspended until further notice.

News  ·  2 July 2021

UK Financial Watchdog Warns That ICO Crypto Is a Clone Company

The firm was identified as using details of the legitimate company, Swiss Re Capital Markets.

News  ·  10 June 2021

Twitter Scammers Used Elon Musk’s ‘SNL’ Appearance to Reap $100K in Crypto

The scammers reportedly hijacked verified Twitter accounts to promote a fake giveaway by the Tesla CEO.

News  ·  10 May 2021

WallStreetBets Members May Have Lost Over $2M to Telegram Crypto Scam: Report

WSB members were encouraged to buy a new token called WSB Finance on a Telegram account not affiliated with the subreddit.

News  ·  5 May 2021

‘Blockchain Recovery’ Scam Is Posing as a Legit Firm, UK FCA Warns

The “clone” firm has been emailing and cold-calling investors and using the real company’s Firm Reference Number with a fake name, the regulator said.

News  ·  2 April 2021

Scams and Fraud Bubble Up as NFT Mania Takes Hold

Scams are a common occurrence in the crypto ecosystem. NFTs are no different.

Tech  ·  31 March 2021

Ripple CEO Says Legal Dispute With YouTube Over XRP Scams Now Resolved

Brad Garlinghouse said Ripple and YouTube have now agreed to "work together" to tackle XRP scams on the video platform.

Policy & regulation  ·  10 March 2021

Blockchain Sleuthing Firm Calls Nigeria ‘Focal Point’ for Africa’s Crypto Scams

These scams are raking in tens of thousands of dollars in crypto a month, blockchain analytics firm Whitestream determined.

People  ·  3 March 2021

BitcoinPaperWallet ‘Back Door’ Responsible for Millions in Missing Funds, Research Suggests

At least 124.85 BTC appear to have been swept from wallets generated by the website.

Tech  ·  24 February 2021

Discord Scammers Lure Users to Fake Exchange With Promise of Free Bitcoin

The scammers may be trying to collect a database of crypto users for sale on the dark web, said Kaspersky.

Policy & regulation  ·  4 February 2021

Substack Newsletters Are Being Used to Spread Crypto Scams

Substack is being leveraged by scammers for its ease of use and reach.

Tech  ·  25 January 2021

US Man Admits Using Bitcoin to Help Launder $630K From Romance, Lottery Scams

Austin Nedved pleaded guilty to involvement in scams that reaped over $600,000 by targeting the elderly and vulnerable.

News  ·  18 December 2020

Bitcoin Scam Using Unauthorized Celebrity Images in Ads Traced to Moscow: Report

A Guardian Australia investigation traced the source of a major crypto scam using Google ads to addresses in Moscow.

Policy & regulation  ·  16 December 2020

Russian Prime Minister Pledges to ‘Civilize’ Crypto Market and Prevent Scams

Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin.

Policy & regulation  ·  26 November 2020