Tagged: scam

Exit Scam: Polish Coinroom Exchange Goes Dark, Funds Gone

Operators of Coinroom, a Polish cryptocurrency trading platform registered in 2016, have shut down the platform suddenly and disappeared with client funds, Polish business media site Money reports. At least 50 people on an online forum have claimed they lost between 300 and 60,000 “zlotys”… Read More

New Wave of SIM-Swap Hacks Hits Cryptocurrency Aficionados in US

After a period of relative quiet during the first part of this year, “CryptoTwitter” started lighting up late last month with reports of a spate of SIM-swap hacks being waged against known American personages in the crypto investing world, ZDNet reports. In a SIM-swap hack,… Read More

UK Financial Conduct Authority: Over £27 Million Lost to Crypto & Forex Fraud as Scams Triple Versus Year Prior

The UK Financial Conduct Authority (FCA) has published a report addressing frauds and scams in the cryptocurrency and Forex sector. According to the FCA, over £27 million has been lost from these scams during the 2018/2019 period. Reports of scams topped 1,800 – 3X versus… Read More

Six Members of Transnational Hacking Group, “The Community,” Indicted for Crimes Related to SIM-Swap Hacks

Six members of a transnational hacking group known as “The Community” have been indicted in the Eastern District of Michigan and charged with conspiracy to commit wire fraud, wire fraud and aggravated identity theft in relation to SWIM-swap hacks they allegedly conducted to steal cryptocurrencies by… Read More

Culprit Impersonates Police in New Bitcoin Extortion Scam

Police in Berkeley, California, are warning the public that a culprit impersonating a police officer has attempted to extort Bitcoins from a resident of that region. According to a City of Berkeley press release issued April 24th regarding the incident: “Just this past Thursday, a… Read More

Hacker Claims to Have Stolen 200 Bitcoins From Dark Net Sites via “TypoSquatting”

A hacker has been bragging on the Dark Net that he or she siphoned 200 bitcoins ($760 000 USD) from Dark Net websites by using an impersonation scam known as “typo-squatting,” cybersecurity firm Digital Shadows reports. On the Dark Net, “Typo-squatting” involves subtle alphanumeric bait-and-switch… Read More

Another Crypto Scam Busted in India

Police in India have arrested four and are seeking a fifth suspect whom they believe used a cryptocurrency scam to steal 1 billion rupees (nearly $14 million) from investors in Mumbai, Surat, Gujarat, and Uttar Pradesh, Times of India reports. The men, Sanjay Sontakke, 44; Rajnikant Kumavat, 46; Alpesh… Read More

Chainalysis: Ethereum Scammers Doubled Profits in 2018

Many have seen ads on social media from fake accounts of “celebrities” asking followers to send Ethereum cryptocurrency and receive much more back. According to Blockchain forensics” firm Chainalysis, these scams were much more profitable last year. In 2018, ETH-scam pervaders boosted their profits from… Read More

Cryptocurrency SIM-Swap Hack Victims Band Together Against Telcos with New Website

People who lost millions in cryptocurrencies to hackers that hijacked their cellphones are collaborating to educate the public and strike back against Telecom companies they say aren’t doing enough to prevent the hacks, Motherboard reports. Crowdfund Insider has reported on numerous cryptocurrency thefts involving the… Read More

Scammers Selling “E-Krona,” Warns Swedish National Bank. There Isn’t One

The Riksbank of Sweden has issued a warning to the public that, “On certain websites and in social media, false information is circulating claiming that the Riksbank is selling e-kronas.” The Riksbank also says it has been contacted by individuals saying they have been solicited… Read More

Bomb Threat Bitcoin Extortion Scam Afoot

The Australian Cyber Security Centre (ACSC) in Australia and The National Cybersecurity and Communications Integration Center (NCCIC) in the United States have both issued warnings that emails are being sent out claiming bombs have been set in targets’ premises and will be detonated if a ransom of… Read More

Tokyo Police Accuse Eight Men of Running $68 Million Bitcoin Ponzi Scheme

Eight men in Tokyo have been charged by local police with running a Bitcoin Ponzi scheme that authorities say defrauded over 6000 individuals in 44 Japanese prefectures of ¥ 7.8 billion ($68.44 million), Asahi reports. The men, including Kazunari Shibata, 46, who works as an executive… Read More

RECoin and Diamond Reserve Coin ICO Issuer Pleads Guilty to Fraud

The first person to be prosecuted in the US for ICO (initial coin offering) fraud has pleaded guilty to misleading 1000 investors, Bloomberg reports. On Thursday, Maksim Zaslavskiy, 39, admitted in a Brooklyn federal courtroom that he collected money for two ICOs: RECoin and Diamond… Read More

Police in Turkey Arrest 11 People Connected to Alleged Bitcoin Theft

Police in Istanbul arrested 11 people last week in connection with the hacking theft of bitcoins from the cryptocurrency wallets of 14 victims, Hürriyet reports. Along with 11 suspects detained, police from the Cybercrimes Division also seized 18 mobile phones, 18 sim cards, 22 flash memory… Read More

Head of Indian BitConnect Scam Arrested

The man accused of leading the Bitconnect cryptocurrency pyramid scheme in India was arrested this weekend at an airport in New Delhi, Financial Express reports. Divyesh Darji was en route to Ahmenabad, the capital of the Indian state of Gujarat, from Dubai, where he had… Read More

SEC Issues Investor Alert on Self Directed IRAs, Includes Special Warning on Digital Assets such as ICOs

Last week, the Securities and Exchange Commission issued an investor alert on Self Directed IRAs. As one would expect, the individual investor manages these retirement accounts without the assistance of an investment advisor. A self-directed IRA is held by a custodian that allows investment in a broader… Read More

Twitter CryptoScam Orchestrator Claims Raking in $50-100K a Day

A well-known Quebec-based “cryptoevangelist” and YouTuber called Adam Guerbuez claims that an “ethereum giveaway” scammer soliciting via a bot on Twitter has claimed he or she is skimming up to $100 ooo in Ether (ETH) from “mooches” (targets) per day. The story is related in… Read More

Telegram Founder Pavel Durov is Latest Target of Twitter Spoofing Crypto Scam

This crypto spoofing scam has become almost predictable as it happens all of the time. Crooks attempting to steal cryptocurrency will try and spoof Twitter accounts to make it look like a trusted, known individual or business is giving away ETH or BTC only to… Read More

SaveDroid Raises $50 Million in ICO, Company Disappears with Mocking Website as CEO Taunts Backers

SaveDroid appears to be the latest in a long line of initial coin offering scams. Adding insult to injury, the website home page posted a mocking image stating “aannnd its gone” while the CEO tweeted photo stating Thanks guys! Over and out … #savedroidICO –… Read More

Updated: Bancor Says Private Token Sale a Scam

Bancor, a company that launched one of the largest initial coin offerings (ICOs) of 2017, has sent an email out to its community notifying users of a phishing scam In June of 2017, the Bancor Foundation raised more than $153 million in its ICO. The “Token Generation… Read More

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