Posts in category

scam


This post was originally published here A verified Twitter account masquerading as Elon Musk was used to publish and circulate a promoted tweet for a crypto giveaway scam Thursday morning, prompting an outcry from users and renewed scrutiny of the social media platform’s anti-scam practices. The since-deleted tweet was posted through the account @TylerFlorence, which …

0 37

A verified Twitter account masquerading as Elon Musk was used to publish and circulate a promoted tweet for a crypto giveaway scam Thursday morning, prompting an outcry from users and renewed scrutiny of the social media platform’s anti-scam practices. The since-deleted tweet was posted through the account @TylerFlorence, which as of press time is still …

0 37

The Indian National Congress (INC) party, the largest political party in the nation, is accusing the ruling Bharatiya Janta Party (BJP) of money laundering through bitcoin. INC, more commonly known as the Congress Party, alleged Thursday that the BJP was converting “black money” into white using bitcoin in the western state of Gujurat, the English-language …

0 37

In an egregious example of the “blue checkmark” scam infecting crypto-Twitter, a fraudulent account that recently aimed to dupe users of the cryptocurrency Verge moved onto Bitfinex – that is, before going dark complete.y The Next Web reported Wednesday that freelance film producer and director Seif Elsbei’s verified Twitter account (@seifsbei), which boasts Twitter’s coveted blue …

0 42

Investors in two allegedly fraudulent initial coin offerings (ICOs) descended on the offices of the company behind both of them this past weekend. As much as $660 million may have been lost as a result of the schemes – Ifan and Pincoin – though these figures could not independently be verified as of press time. …

0 40

The Federal Bureau of Investigation (FBI) said Wednesday that consumers should watch out for would-be scammers posing as support staffers for cryptocurrency exchanges. The agency’s Internet Crime Complaint Center (IC3) sounded the alarm about tech support scams in a recent notice, stating that it constitutes “a problematic and widespread scam.” In 2017, the center said, …

0 45

As much as $50 million may have been lost by an international group of investors after putting their money into a bitcoin investment group called BTC Global. A report from South African news outlet Sunday Times indicates that “more than 27,500 people” may be impacted, with investors spread across South Africa, Australia and the U.S., …

0 42

Yet another lawsuit seeking class-action status has been filed in Florida against BitConnect, constituting the third legal action of its kind to be initiated in the state and the fifth overall in the U.S. Florida residents Andrew Kline, Dusty Showers and Lena Hunt, along with Rhode Island resident Charles Mabra, filed the lawsuit in the U.S. …

0 41

South Korean officials believe that North Korean hackers stole tens of millions of dollars’ worth in cryptocurrencies last year, according to local reports. Kyodo News reports that the National Intelligence Service (NIS), briefing the country’s lawmakers on the cyber attacks, said that phishing scams and other methods had yielded tens of billions of won in …

0 44

Investors in the decentralized home sharing network Bee Token’s initial coin offering (ICO) have been swindled of nearly $1 million in just over 25 hours. Bee Token, which recently partnered with San Francisco-based financial services platform WeTrust to create a decentralized competitor to home-sharing service AirBnB, launched its public ICO on Jan. 31. However, while the …

0 46

The Commodity Futures Exchange Commission (CFTC) has charged two individuals and a Las Vegas-based business in connection with a cryptocurrency scam. The agency accused Randall Crater, Mark Gillespie, as well as My Big Coin Pay, Inc., of taking customer funds and transferring that money into their personal accounts. Additionally, the defendants allegedly used those funds “for …

0 41

The price of BitConnect’s controversial cryptocurrency has cratered following Tuesday’s news that its lending and exchange operation is shutting down – and investors have been unable to sell their tokens despite claims the site would stay online this week. The closure of BitConnect’s lending and exchange platform was a major development given that its sales …

0 44

Hard forks? Soft forks? ICOs? Bombarded by no shortage of unfamiliar technical terms in 2017, consumers in the blockchain sector once again proved a ripe target for hackers and criminals. But, not all hacks and scams were created equal. Some rose above the froth – either due to their size or impact – as well as …

0 39

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A bitcoin gold (BTG) wallet scam recently managed to net over $3.2 million after taking advantage of bitcoin users looking to claim their BTG tokens. A link to the fraudulent MyBTGWallet was, before the scam came to light, placed on bitcoin gold’s …

0 39

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Seven individuals in the South Korean province of Jeonbuk have been arrested for running a large-scale $38 million scam, alluring middle-aged investors into a ponzi scheme. The group targeted new investors in the cryptocurrency market that had no underlying knowledge or understanding …

0 40