Scams

Scams

Texas Financial Regulators Crack Down on 15 Alleged Crypto Scams

Many of the alleged crypto scams had a common tactic: savvy social media posts to draw victims in.

News  ·  19 November 2020
Exchanges

Hackers, Scammers Have Stolen $7.6B in Crypto Since 2011

Billions of dollars have been stolen through exchange hacks and scams, according to a new report from blockchain analytics firm Crystal Blockchain.

Tech  ·  12 November 2020
CFTC

Court Enters $900K Judgment Against Crypto Ponzi Scammer on Behalf of CFTC

Venture Capital Investments Ltd. raised $534,829 from 72 victims, falsely promising to invest funds in bitcoin and other assets.

Policy & regulation  ·  4 November 2020
Scams

FTC Sending More Than $470K to People Duped by My7Network, ‘Bitcoin Funding Team’ Scams

The FTC is sending PayPal payments totaling more than $470,000 to people who lost money to two pyramid schemes involving cryptocurrencies.

News  ·  4 November 2020
Exchanges

Binance Recovers $344K From Scam DeFi Project Launched on Its Platform

Having raised the funds at launch on Binance Smart Chain in October, the operator fled with users' cryptocurrency "within an hour," Binance said.

News  ·  4 November 2020
Chainlink

New Blockchain Program Aims to Counter Fake Viewer Data, Scam Ads

The platform targeted at combating scams advertised in video ads deploys a combination of Theta’s blockchain, Google’s BigQuery solution and Chainlink’s oracles.

News  ·  25 September 2020
CoinFlash

YouTube Ignored Warnings About XRP ‘Giveaway’ Scams, Ripple Says

Ripple has disputed YouTube's claims it knew nothing about XRP scams on its site, saying it alerted the video platform hundreds of times.

Policy & regulation  ·  10 September 2020
Crime

Whistleblower Kidnapped in Ukraine After Accusing Crypto Firm of Exit Scam

The harrowing incident highlights the proliferation of risky investment schemes and dubious operators in the crypto industry, but also blockchain technology’s potential to help track missing funds.

People  ·  27 August 2020
Cryptocurrency

YouTube’s Whac-a-Mole Approach to Crypto Scam Ads Remains a Problem

Despite lawsuits and Google’s own ad policies, cryptocurrency scam ads are still making it through the YouTube gates and circulating for days.

Tech  ·  27 August 2020
Scams

‘Crypto Instagram’ Is Becoming a Thing, Scams and All

Scams are running rampant on Instagram in 2020 – even as legitimate crypto entrepreneurs are increasingly using the platform for business.

Business  ·  6 August 2020
Coronavirus

FinCEN Warns on Coronavirus Scams Demanding Crypto

FinCEN is warning cybercriminals are exploiting the COVID-19 pandemic, and asks firms to be especially vigilant regarding their dealings with virtual currencies.

Policy & regulation  ·  31 July 2020
CoinFlash

Police Arrest 27 Alleged Masterminds Behind $5.7B Plus Token Crypto Scam

Chinese police have arrested 27 leaders and 82 others suspected of operating the Ponzi scheme.

Policy & regulation  ·  30 July 2020
Scams

Scammers Are Forging CoinDesk Emails – Here’s How to Protect Yourself

Scammers are forging CoinDesk newsletters in phishing emails. Here’s how to spot them and protect yourself.

News  ·  29 July 2020
YouTube

YouTube Seeks to Dismiss Ripple Lawsuit Over XRP Giveaway Scams

The video-sharing giant filed a motion to dismiss Ripple’s lawsuit that alleges YouTube did not do enough to stop free XRP giveaway scams, copyright infringement.

News  ·  23 July 2020
YouTube

Apple Co-Founder Steve Wozniak Sues YouTube Over Bitcoin Giveaway Scams

Wozniak is among 18 plaintiffs suing the video-sharing giant for allowing crypto giveaway scams using his likeness to flourish on the platform.

News  ·  22 July 2020