The Colombian police have issued a warning about fraudsters promoting a Bitcoin scam website to social media users. The “announcement” about the launch of a fake Bitcoin-related investment system was purportedly “approved”Read More…
Wirecard has announced it will lay off 730 out of its 1,300 staff in Germany following a $2.1 billion scandal that left the company insolvent in June. According to an Aug. 25Read More…
Sergey Medvedev, a Russian national who operated a digital currency escrow service for the $568 million payment card fraud forum he founded in 2010, pleaded guilty to racketeering charges in what theRead More…
The last two years have witnessed a hefty uptick in crypto-centric ransomware attacks. Not only are bad actors becoming more refined, but they are facilitating access to other, less sophisticated ones. AccordingRead More…
The “hack” of the DAO runs deep into the collective memory of the cryptocurrency community. After an extremely successful crowdfund in May 2016, the DAO lasted a little over a month beforeRead More…
Ripple Labs announced a donation of $200,000 to two different non-profit organizations on March 25. These donations will aid in the fight to contain the spread of the coronavirus throughout the U.S.Read More…
Cryptocurrency scams in 2019 had more risk for U.S. residents than fraud involving romance or payments. That’s the conclusion of a recent report by the Better Business Bureau (BBB), a nonprofit organizationRead More…
A report published by the Better Business Bureau (BBB) says that cryptocurrency-related scams are continually growing, becoming the second most risky of 2019 among North Americans. According to research from trust-gauging organizationRead More…
The U.S. Commodity Futures Trading Commission (CFTC) is suing an alleged Ponzi scammer on claims he and his company raised half a million dollars for cryptocurrency investments, which instead went to personalRead More…
The U.S. Securities and Exchange Commission (SEC) has reached a settlement with fintech firm Longfin’s CEO, Venkata S. Meenavalli, on charges of fraud. According to an SEC press release Friday, Meenavalli hasRead More…