Scams

A report from Group-IB shows 14 cyberattacks on cryptocurrency exchanges resulted in a loss of $882 million between January 2017 and September 2018. Five attacks have been linked to North Korean hackers from the Lazarus state-sponsored group on four...

  The US Securities and Exchange Commission (SEC) used an emergency court order to halt a planned initial coin offering (ICO) by Blockvest LLC and its founder, Reginald Buddy Ringgold, III. The SEC said Blockvest falsely claimed it was...

  A new report from cybersecurity firm CipherTrace says cryptocurrency thefts have reached nearly $1 billion so far in 2018. $927 million has been stolen by the end of September 2018, the company says, an increase of 250% over...

  In February 2014, the infamous Tokyo-based Mt Gox cryptocurrency exchange was hacked and more than 850,000 bitcoins worth an estimated $473 million at the time were stolen. Today, those bitcoins would have a market value of more than...

At the same time the New York State Attorney General issued a 42-page report with concerns about cryptocurrency exchange security and investor protection, Japanese cryptocurrency exchange Zaif was hacked for $59.7 million earlier this week. The loss was...

The US Securities and Exchange Commission (SEC) today announced fraud charges against 10 individuals and 10 associated entities for their participation in long-running fraudulent schemes that generated over $27 million from unlawful stock sales and caused significant...

Who better than Jordan Belfort, the “Wolf of Wall Street” fraudster, to offer up his opinions on bitcoin? The question is, does he know what he’s talking about when it comes to cryptocurrency? Earlier this week, CNBC interviewed...

Singapore-based ECoinmerce and several other industry leaders are forming a Crypto Community Watch group designed to self-police the industry, provide an anonymous tip line and reward whistleblowers who identify industry scams. The program was created by a consortium...

A 21-year-old Bitcoin dealer was ordered held without bail today in connection with a 31-count indictment charging him with operating an illegal money transmitting business, failing to maintain an anti-money laundering program, international money laundering and conspiracy...