Category: Frauds

Crypto – The Face of Financial Corruption & Crime, But Is It Really?

Crypto – The Face of Financial Corruption & Crime, But Is It Really?

Discussions around cryptocurrency have not strayed far from financial crime such as money laundering and financing terrorism, while governments and central financial institutions are constantly painting cryptocurrency as a medium feeding a hive of criminal activity. There is undoubtedly some truth to this, but the crypto community has long been criticizing the biased narrative forced […]

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Scammer Hijacks Multiple Thai Youtube Channels, Turned Into Bitcoin Scam Live Streams

Scammer Hijacks Multiple Thai Youtube Channels, Turned Into Bitcoin Scam Live Streams

Bitcoin scammers are stepping up their game when multiple Thai Youtubers reported that their channels have been hijacked and turned into Bitcoin scam live streams. The incidents happened last week as one of the Youtube gaming channel “Maser Gamer” with more than 3.6 million subscribers has announced on his Facebook fan page that his channel […]

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Windows Users Beware – New Wallet Data Stealing Malware On The Loose

Windows Users Beware – New Wallet Data Stealing Malware On The Loose

Technology and internet behemoth Microsoft’s security arm, Microsoft Security Intelligence, published a tweet on August 27 alerting Windows users of a malware called Anubis, which they found to be targeting credit card credentials and also cryptocurrency wallet details. A new info-stealing malware we first saw being sold in the cybercriminal underground in June is now […]

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Ethereum Classic Network Gets Hit A Third Time by Hackers in 51% Attack

Ethereum Classic Network Gets Hit A Third Time by Hackers in 51% Attack

After making the news for a two-time 51% attack on the Ethereum Classic (ETC) Network in early August, hackers have made a third attempt and succeeded in reorganizing more than 7,000 blocks, according to a tweet by Bitfly. Today another large 51% attack occurred on the #ETC network which caused a reorganization of over 7000 […]

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Major 2017 Bitcoin Scam Defendant MIA; CFTC Proposing More Than $500 Million in Penalties

Major 2017 Bitcoin Scam Defendant MIA; CFTC Proposing More Than $500 Million in Penalties

The man responsible for an alleged crypto Ponzi scheme back in 2017, Benjamin Reynolds, may be charged with $572 million in penalties for the fraudulent scheme, that is, if the US Commodity Futures Trading Commission (CFTC) can locate him. Reynolds, Director of UK-based firm Control Finance which has ceased operations since 2017, failed to turn […]

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