Friday, February 22, 2019

Police Arrest Suspects in Alleged $14 Million Crypto Scam

Law enforcement in Mumbai, India have exposed a group allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $17 million), local media outlet The Times of India reports on...

Major Crypto Brokerage Coinmama Reports 450,000 Users Affected by Data Breach

Israel-based crypto brokerage Coinmama — which allows users to purchase Bitcoin (BTC) and Ethereum (ETH) using a credit card — has suffered a major data breach affecting 450,000 of its users. The incident was...

Turkish Police Arrest 24 Suspects Involved in Hacking Crypto Firm, Local Media Reports

Turkish police have arrested 24 people allegedly involved in a 13 million Turkish lira ($2.47 million) hack from an unnamed crypto firm in Istanbul, local government-backed media Daily Sabah reported on Feb. 12.Following a...

SIM Swappers Swindle Millions — Biggest Criminal Threat in Crypto in 2019?

Cryptocurrency crime trends have been in the spotlight in recent weeks, but SIM swapping has been strangely absent in a number of reports on 2018.Cryptocurrency analytics companies CipherTrace and Chainalysis released two different reports...

Fake MetaMask Crypto Malware Pulled From Google Play After Tip-Off

Decentralized app (DApp) MetaMask is facing fresh problems from cryptocurrency scammers after malware impersonating the tool appeared on Google Play, cybersecurity company Eset reported Feb. 8.The malware, which replaces computer clipboard information in an...

Fake Website Mimicking Bakkt Platform Fails to Scam Crypto Community

A new Bitcoin (BTC) scam website representing digital assets platform Bakkt has appeared on the internet, with its domain “bakktplatform.io” registered on Jan. 31.The fake Bakkt website claims that the launch of the platform...

Texas Securities Regulator Reveals 16 Orders Issued to Suspect Crypto Investments in 2018

The Texas State Securities Board (SSB) issued a total of 16 orders against suspected cryptocurrency scam investments in 2018, the regulator revealed in its 2018 Enforcement Report published on Feb. 7.Targeting actors luring Texas...

$255 Mln Lost in Crypto-Related, Other Investment Scams in 2018

The United Kingdom Financial Conduct Authority (FCA) has reported that common investment scams’ losses — including those crypto-related — amounted in total to over £197 million ($255 million) in 2018. The agency reported the...

US Indicts Two More Men on Fraud and Extortion in SIM-Swapping Investigation

United States law enforcement has indicted two more men over alleged SIM-swapping scams involving cryptocurrency. A press release from the Northern District of California Attorney’s Office confirmed the indictment on Feb. 4.Ahmad Wagaafe Hared...

From Ponzi Schemes to ICO Exits, Ethereum’s Blockchain Has Been the Platform of Choice...

According to a recent report from crypto analytics specialists Chainalysis, Ethereum (ETH) has become the crypto platform of choice for scam artists. Its research suggests that 2018 saw far more sophisticated, higher-earning scams carried...
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