Investors report a Craigslist cryptocurrency fraud in San Antonio
TL;DR Breakdown • Keye Midas Wealth Management created a huge cryptocurrency fraud in San Antonio.• Cryptocurrency scams increased after the pandemic. A new Craigslist fraud affected retail investors in San Antonio, pretending to be a well-known financial service. This was announced by the Texas State Securities Board under an emergency cease order. The famous identity […]
Bitcoin keeping Nigerian protests alive
Feminist Coalition, the dominant donation receiver for the strikes against SAR, discovered Bitcoin as their significant funding source by the 22nd of October 2020. The EndSARs march against police brutality, specifically, the Special Anti Robbery Squad, known for being violent, is attracting thousands in Nigeria. The digital currency had contributed to 40% of the $387,000 […]
US attorney halts websites promoting fake COVID-19 Vaccine for $100 Bitcoin
While the world is curious to see a potential cure for the deadly coronavirus disease, scammers are taking advantage of flaunting fake COVID-19 Vaccine for cryptocurrencies. Most recently, a United States attorney was able to shut down multiple websites operated by a Louisville man. The man promotes fake COVID-19 Vaccine using several websites A report […]
Bitcoin scammers rake in $24M in Q1 2020, report
A recently published report by crypto tracking and analysis firm Whale Alert shows that Bitcoin scammers have pocketed $24 million in the first quarter of this year, implying that no amount of crisis or slowdowns can deter them from deceiving people. From using the oldest trick in the book to finding the most innovative ways […]
Crypto scams have stolen $1.4 billion in the spring of 2020 with Wotoken leading the list
Blockchain forensics firm Ciphertrace reported that crypto scams and other crypto-related criminal activities have netted 1.4 billion dollars in the first five months of 2020. While enthusiasts might argue, it is evident that criminals especially cybercriminals are using cryptocurrencies as their preferred medium of transactions. However, the report noted that crypto exchanges are becoming more […]
Crypto scams could hit all-time highs in 2020, report
Crypto scams in 2020 are rising to record levels as criminals have already pocketed close to $1.4 billion from hacks, thefts, and misappropriation of funds so far. Blockchain and cryptocurrency intelligence solutions firm CipherTrace released the report recently. The hype and the heightened emotion surrounding cryptocurrencies have often prevented consumers from doing their due diligence […]
Darknet market takes a stand against coronavirus scammers
The deep dark web of the darknet market has a clear message for vendors and coronavirus scammers who are looking to exploit the current crisis to earn some quick bucks. And that is to Keep Out! So, it is true! Humanity knows no boundaries. The darknet market, popularly referred to as the digital underworld or […]
Microsoft Bitcoin mining is a satanic plot, says Oscar-Winning Russian director
Microsoft Bitcoin mining system is once again making the headlines, albeit this time for a different reason. Nikita Mikhalkov, an Academy award-winning movie director from Russia, has claimed that the latest Microsoft Bitcoin mining system is a satanic plot to enslave the human population through biometric data. In his bizarre conspiracy theory, the Russian director […]
COVID-19 scam: US authorities seize on-sale website demanding Bitcoin payment
In what could be flagged as one of the COVID-19 scams, two United States authorities have reportedly frozen a website from an alleged scammer. The owner posted about the site in a “hacker’s forum,” and demanded a payment in Bitcoin for the domain. US authorities frown on illicit operations The seizure was made by the […]
Sextortion crypto scammers generate around $500,000 in 4 months
As law enforcement tries to curb several patterns of crypto crimes in the crypto space, sextortion crypto scammers are the latest to begin distorting order in the crypto world. SophosLabs, alongside Cipher Trace in a study, revealed that sextortion crypto scammers are making gains recently, garnering around $500,000 between September last year and January. Sextortion […]
14 Chinese men arrested near Singapore over crypto-related scams
Local police in Malaysia have arrested about 14 Chinese indigenes over supposed crypto-related scams. They reportedly operated a fake cryptocurrency investment platform, wherein the lure in victims using false testimonies. The arrest was made on the 18th of April at Iskandar Puteri, which is close to Singapore. This is coming after the authorities had carefully […]
How quarantine entertainment for crypto community is redefining engagement
The emerging trend in quarantine entertainment for crypto community is something to watch out for. Lockdowns and quarantine are an unfortunate consequence of the pandemic that is ravaging through the world right now. Resilient spirits are charging their way through this uncomfortable situation by devising new ways to keep their morals high. Social distancing has […]
Gmail protects you from 18 million coronavirus phishing emails daily
Gmail keeps as many as eighteen million coronavirus phishing emails from reaching you every day, confirms Google’s official blog post dated from Thursday. Coronavirus phishing emails or the COVID-19 related scams have been one of the most conspicuous effects of coronavirus on human lives, besides the far-reaching impact on the global economy and public healthcare […]
Scammers target crypto holders with COVID-19 tricks ― FBI
In a recent press release by the Federal Bureau of Investigation (FBI), they sounded a note of warning to crypto holders telling them that they are now scammers target amidst the COVID-19 pandemic. The bureau mentioned that crypto scammers now look prepared to start a new wave of coronavirus-related schemes to deceive potential victims who […]
Coronavirus crypto scammers turn attention towards remote workers
With the continuous ravage of the coronavirus pandemic and its role in surging numbers of crypto scams, coronavirus crypto scammers have now turned their attention and ramped-up attack on remote workers. The pandemic since its outbreak in the world has left a lot of people jobless and many others forced to work from home to […]
Scammers revenue plunges despite rise in COVID-19 scams
With the evident increase in the number of crypto scam in the crypto community, scammers revenue plunge as Chainalysis blockchain forensics firm reports that the average value of transactions received by wallets of known scammers dropped by 30% last month. Scammers during this pandemic have been preying on people’s fear, deceiving them to download malicious […]
Crypto COVID-19 donation scams: Beware of NHS infected emails
Action Fraud (AF), a fraud and cybercrime reporting center in the United Kingdom, has come out to denounce scammers impersonating National Health Service (NHS) soliciting crypto COVID-19 donations. Crypto COVID-19 donation scams modus These scammers send fake infected emails impersonating NHS workers, usually to get crypto COVID-19 donations. Reportedly, these emails are infected with bitcoin […]
COVID-19 Bitcoin Scam is reaching beyond UK
COVID-19 Bitcoin scam surfaced in the United Kingdom not a few days ago, and now it appears that scammers posing to have the COVID-19 vaccine are also demanding Bitcoin payments. Although researchers are working day and night to find a cure and origin of this pandemic, no for Covid-19 exists as of now. It is […]
COVID-19 Bitcoin scam flourishing in the UK
The British national watchdog gave a warning earlier in March, and now the regional authorities in the U.K have cautioned against COVID-19 Bitcoin scam. Reportedly Bitcoin scammers are using the ongoing COVID-19 crisis in order to hoax the people. There had been alerts published throughout March related to the consumer frauds. Now, the Financial Conduct […]
