Category: Scam Alerts

SEC Launches Mock ICO to Show Investors Warning Signs of Fraud

News Office of Investor Education and Advocacy at the (SEC) has launched a fake (ICO) website,  according to a May 16. The goal of the site is to increase awareness of the typical warning signs of ICOs and to promote investor education. SEC Investor Ed office launches mock ICO website: — SEC_News (@SEC_News) The mock […]

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Vertcoin’s Twitter Account Hacked, Promised Fake Bitcoin Giveaway

News The official account of Vertcoin, a peer-to-peer digital currency and software project, was compromised earlier today in an attempt to carry out a (BTC) . On May 1, the Twitter account posted an announcement of a giveaway in celebration of Vertcoin’s success. The tweet promised to transfer 10 BTC to the winner, which would […]

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Australia’s Securities Regulator ‘Takes Action’ Against ‘Misleading’ ICOs

News Australia’s Securities and Investments Commission (ASIC) said that it is “taking action” to protect consumers in the ICO space in a press release today, May 1. The regulator says it will focus on investigating “deceptive” or “unlicensed” conduct from ICOs. According to the press release, on April 19 Australia’s Competition and Consumer Commission (ACCC) […]

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Dubai: Police Use AI Tech To Locate And Arrest Gang Suspected Of $1.9 Mln Armed Bitcoin Heist

News Police in Dubai have arrested ten members of a gang who reportedly stole 7 mln AED ($1.9 mln) in an armed Bitcoin heist in the Al Muraqqabat area of Dubai on Wednesday, Gulf News Sunday, April 29. Lieutenant Colonel Adel Al Joker, Director of Criminal Investigation Department (CID), told Gulf News: “The brothers searched […]

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Scammers Hijack Verified Twitter Account To Steal Crypto By Posing As Telegram CEO

News The founder and CEO of and its (ICO) a warning on Saturday, Apr 28, telling his followers that the messaging app is experiencing downtime due to its server clusters overheating. Durov’s tweet drew the attention of fake crypto giveaway who have claimed, posing as Telegram’s CEO, to offer to users as a “thank you […]

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“Bitcoin Is A Scam,” Claims Ousted CEO Of Paypal

News Bill Harris, co-founding but short-lived CEO of Paypal, has written an opinion piece on Bitcoin in which he claims the cryptocurrency is “a scam… a colossal pump-and-dump scheme, the likes of which the world has never seen,” on Recode Tuesday, April 24. Harris’s argument targeted Bitcoin on three fronts, asserting it is useless as […]

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Chinese Police Seize 600 Computers Used To Mine BTC In Tianjin

News Police in the northern Chinese city of Tianjin have seized 600 computers used to mine Bitcoin, after abnormal electricity usage attracted the attention of the local power grid operator, CNBC  April 25. CNBC cites local media outlet Xinhua, which reported details from a local police officer saying that it was “largest power theft case […]

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India: Police Superintendent Arrested In Connection With Case Of Bitcoin Extortion

News A police superintendent from Gujarat, , has been arrested in regards to the alleged kidnapping and (BTC) extortion of a businessman, of which 10 people police officers have , local news outlet the reported Monday, April 23. Indian businessman and builder Sailesh Bhatt reported that police officers beat him, extorted money from him, and […]

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Suspect In Iceland Bitcoin Mining Heist Arrested in Amsterdam

News An fugitive suspected in a major theft of mining equipment earlier this year was arrested by Amsterdam police, the Associated Press April 23. Stefánsson ‘open prison’ Sogni on April 17 and flew to Sweden. He reportedly used another man’s passport when he boarded a flight at Keflavik International Airport. He had been under detention […]

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British Finance Expert To Sue Facebook For Scam Cryptocurrency Ads

News Martin Lewis, an English finance journalist and money-saving expert, is set to issue High Court proceedings against Monday April 23, accusing the social network of defamation related to deceptive cryptocurrency advertisements, according to Lewis’s on April 20. Lewis will launch legal action against the company claiming that within the last year the social platform […]

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