Fraud & Scams
While cryptocurrency and blockchain help facilitate faster, safer transactions, criminals have taken advantage of this new medium of transaction and technology to facilitate criminal activities.
lending firm BlockFi made an announcement on May 14 informing their users of a security breach where a hacker managed to gain access to its marketing systems.
The emergence of Medium post from the official DeepBrain Chain’s account under the topic of “We have stolen your money” has come to the light last night. The message expressed…
Dropil Inc., a US-based crypto firm is the latest company targeted by the US Securities and Exchange Commission (SEC) for its unlicensed Initial Coin Offering (ICO) sale in early 2018
There are emerging reports of a possible exit scam from EOS Ecosystem, a wallet app launched in 2018 aimed at rewarding EOS holders that deposit EOS on the network with…
Ripple Labs is taking legal action against YouTube for failing to flag and ban cryptocurrency-related scams, allowing their users to fall prey to fraudulent schemes on the video platform.
$25 million worth of BTC and ETH were stolen from dForce’s lending protocol Lendf.Me as hackers exploited a security weakness in an ERC777 token imBTC integrated on the system.
Huobi Group announced the launch of Star Atlas on April 13, an analytical instrument that will help suss out criminal transactions on its platform.
Chainalysis released a report on April 10 which revealed the decline in earnings of cryptocurrency scammers in the past quarter.
COVID-19 is bringing unprecedented global changes daily. Here is a roundup of COVID-19 related happenings in the crypto sphere this week.
Bitcoin has fallen below $8,000 as the price dumping continues and the Plus Token fraudsters are suspected to be the main perpetrator.
Lending Platform BlockFi Suffers Data Breach by Hackers
lending firm BlockFi made an announcement on May 14 informing their users of a security…
DeepBrain Chain’s Team Gone Mad or Exit Scam?
The emergence of Medium post from the official DeepBrain Chain’s account under the topic of…
SEC Sues Dropil for Fraudulent 2018 ICO
Dropil Inc., a US-based crypto firm is the latest company targeted by the US Securities…
Chinese Startup Allegedly Behind New EOS Ecosystem Exit Scam
There are emerging reports of a possible exit scam from EOS Ecosystem, a wallet app…
Ripple Sues YouTube for XRP-Related Scams on Platform
Ripple Labs is taking legal action against YouTube for failing to flag and ban cryptocurrency-related…
China-Based DeFi Network dForce Falls Prey to Hackers; $25 Million Stolen
$25 million worth of BTC and ETH were stolen from dForce’s lending protocol Lendf.Me as…
Huobi Tackles Illicit Crypto Activity on Exchange Platform with New Program
Huobi Group announced the launch of Star Atlas on April 13, an analytical instrument that…
Crypto Scammers Profits Drop by 33% in Market Downturn
Chainalysis released a report on April 10 which revealed the decline in earnings of cryptocurrency…
This Week’s COVID-19 Updates in Crypto: BTC Fraud, Bypassing Censorship, Meetups Going Digital & More
COVID-19 is bringing unprecedented global changes daily. Here is a roundup of COVID-19 related happenings…
Plus Token Moves Stolen Funds as Bitcoin Price Plunges
Bitcoin has fallen below $8,000 as the price dumping continues and the Plus Token fraudsters…