Scams

  There’s no better authority to verify that bitcoin users are now speculators and not drug dealers according to the Drug Enforcement Administration (DEA). In fact, Special Agent Lilita Infante at the US DEA told Bloomberg criminal activity behind...

  Late Tuesday night, South Korean cryptocurrency exchange Bithumb was hacked, resulting in the loss of an estimated $31.5 million in customer cryptocurrency. As soon as it learned of the breach, Bithumb moved quickly to stop deposits, withdrawals and...

  According to the cybercrime consortium Anti-Phishing Working Group (APWG), more than $1.2 billion currency was stolen in 2017.  APWG’s Q4 report, released last week, showed 60,926 phishing websites were reported in December 2017 compared with November (54,322) and...

  Fundstrat cryptocurrency analyst Tom Lee says recent news headlines about government investigations around ICOs and price manipulation signal the arrival of regulations for cryptocurrency on the horizon.   Negative news stories about ICOs and cryptocurrency scams have pushed cryptocurrency...

  Today, Bloomberg published an article that shows just how challenging it is for business reporters covering cryptocurrency.   The story features a look by Bloomberg business reporters Olga Kharif and Lily Katz and how cryptocurrency scams targeted them personally and spoofed...

  The HoweyCoin is the latest in a growing lineup of ICOs scams with one difference. If you buy in, you’ll be getting scammed by the US Securities and Exchange Commission (SEC). That’s right, the new initial coin offering...

  A new investigation by the Texas State Securities Board (TSSB) identified 32 new cryptocurrency fraud schemes which Joe Rotunda, director of enforcement at the TSSB described as “widespread.” “It is everywhere,” Rotunda said of the scams tied to...

  Portland lawyer Jeffrey Babener has written an excellent view of how cryptocurrency scams are impacting the multilevel marketing brand, as if the MLM industry didn’t have enough challenges of its own.   We’ve highlighted a few of Babener’s key...

  Two infamous blockchain-pivot companies face delisting from Nasdaq after going afoul of various stock exchange guidelines and some questionable business and promotional practices.   Shares of Long Blockchain Corp and Longfin Corp jumped late last year as the two companies and...