PYMNTS

APRIL 21, 2020

Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube , alleging that the popular video platform isn’t doing its due diligence to identify and remove crypto-related scams, according to a company blog post. The scams often impersonate legitimate companies and have fake social media accounts.

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Scams Due Diligence Cybersecurity Digital Currency 96

PYMNTS

APRIL 12, 2020

Cryptocurrency scams aren’t doing so hot with the current pandemic conditions, dropping in value by 61 percent between March 13 and 31. It’s recovered a bit since that time, but the value of Ponzi schemes and investment scams, which are most of what constitute cryptocurrency scams, has been seriously deficient due to the pandemic.

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Bitcoin Scams Phishing Cryptocurrency 76

Finovate

APRIL 3, 2024

On December 13, 2022, Samuel Bankman-Fried, founder and CEO of international cryptocurrency exchange FTX, was charged with two counts of wire fraud conspiracy, two counts of wire fraud, and one count of conspiracy to commit money laundering. Since then, cryptocurrencies in general and bitcoin in specific, have been on a tear.

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Crime Bitcoin Cryptocurrency Ransomware 52

PYMNTS

AUGUST 10, 2020

A number of wealthy Indian business owners have succumbed as of late to scams that robbed them of their cryptocurrency, according to an India TV news report. The scams are coming by way of fake Bitcoin wallets that trick victims into fraudulent trade agreements before disappearing completely.

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Scams Bitcoin Cryptocurrency Blockchain 76

PYMNTS

OCTOBER 7, 2020

LINE’s digital exchange operator and blockchain division LVC is rolling out a way for users to loan out digital assets to BITMAX, such as ethereum and bitcoin, CoinDesk reported. Multiple cryptocurrencies, including ethereum, bitcoin, litecoin, XRP and bitcoin cash, can be lent via the offering, the report stated.

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Scams Bitcoin Breach eWallet 68

PYMNTS

NOVEMBER 5, 2018

Elon Musk’s name has reportedly been used in bitcoin scam , with the hack of multiple verified Twitter accounts, the BBC reported. The tweet said that Musk had “left the post of director of Tesla ” and said the executive “decided to make the biggest crypto giveaway in the world, for all my readers who use bitcoin.”.

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Bitcoin Scams Digital Currency Cryptocurrency 56

Fintech News

FEBRUARY 15, 2024

In 2023, the value received by illicit cryptocurrency addresses amounted to US$24.2 Value received by illicit crypto addresses dropped significantly in 2023, driven by a decline in crypto scamming and hacking revenue by 29.2% billion, representing a 39% year-over-year (YoY) decline from US$39.6 and 54.3%, respectively.

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Ransomware Crime Transactions Romance Scams 105

PYMNTS

OCTOBER 21, 2020

A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. in bitcoin ( valued at approximately $10,515 as of 7:04 P.M. In other news, the price of bitcoin broke through the $12,000 level on Tuesday (Oct. The price of bitcoin was $11,954.07

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Bitcoin Request for Comment Federal Reserve Scams 93

PYMNTS

DECEMBER 30, 2020

At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Bitcoin is awesome. Ternio CEO Daniel Gouldman , however, is not one of them. “I

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Fed Bitcoin Digital Currency Cryptocurrency 107

PYMNTS

MAY 20, 2020

The digital age, of course, has given rise to digital scams. And now the fraudsters, increasingly, seem to be eyeing bitcoin, the marquee name in cryptocurrency, as coin of the realm across the dark web. These statistics indicate that bitcoin continues to be a financial tool for darknet entities,” according to the report.

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Bitcoin Scams FBI Cryptocurrency 55

PYMNTS

APRIL 15, 2020

Andreessen Horowitz is aiming to start a new cryptocurrency investment fund and to get $450 million for that endeavor, even as the global pandemic spooks most investors into conservative standpoints for now. Some scams may promise treatments or cures for the virus, which are fraudulent because no known cure exists yet.

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FBI Scams Cryptocurrency Bitcoin 56

PYMNTS

MARCH 29, 2019

Australian TV presenters Karl Stefanovic and Waleed Aly are the latest celebrities to become victims of common bitcoin scams. According to The Next Web , fraudsters create fake campaign pages on Facebook and promote their posts using celebrity endorsements of a specific cryptocurrency. In addition, the U.K.’s

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Scams Bitcoin Blockchain Cryptocurrency 46

PYMNTS

DECEMBER 1, 2020

Bitcoin saw a new all-time record high on Monday (Nov. Bitcoin’s price has been steadily rising in recent weeks, climbing above $19,000 last week , thanks to the pandemic-driven shift toward digital payments and cryptocurrency adoption by several mainstream companies, including Square and PayPal. Eastern Time.

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Bitcoin Money Laundering NOV Cryptocurrency 80

PYMNTS

MARCH 26, 2019

While bitcoin price briefly hit above $4,000 last week, the crypto is now nearing overbought levels. is banned from trading because of his alleged involvement in a bitcoin scam. And if it reaches that overbought territory, it could see further declines. A man in the U.S. Investors then transferred around $1.5

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Bitcoin Scams Blockchain Posting 57

PYMNTS

JULY 13, 2020

Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S. Ponle, according to the complaint, wasn’t that concerned with covering his tracks — he reportedly used the same address on the Bitcoin network since 2014.

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Business Email Compromise FBI Bitcoin Email Compromise 86

PYMNTS

JANUARY 24, 2021

Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report. More stats show that scams netted around $2.6 In 2019, criminal activity constituted 2.1 billion in transfers.

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Crime Bitcoin Multi-Currency Debit Card 93

PYMNTS

MAY 12, 2020

Bitcoin has long been the marquee name — shorthand, if you will — for the cryptocurrency space. And in recent months, the ride has been wild for bitcoin pricing amid the pandemic. On the other hand, bitcoin is also well off of its all-time highs of just under $20,000. bitcoin exchange.). based crypto exchanges.

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Bitcoin FBI Cryptocurrency Scams 60

PYMNTS

NOVEMBER 30, 2020

Pizza Hut will now accept cryptocurrency as a form of payment at its stores in Venezuela, Cointelegraph reported. 27 that it was partnering with the pizza chain to process cryptocurrencies, including Bitcoin, Litecoin, Binance Coin, Binance USD, Tether, Dash, Ether, Dai and XPT, Cryptobuyer’s native coin.

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Bitcoin Law Enforcement Blocks Cryptocurrency 67

PYMNTS

APRIL 20, 2018

Two men from South Korea were sentenced for running a bitcoin pyramid scheme that stole around 20 billion Korean won ($20 million) from investors. The scheme began in 2015 and eventually grew to become a multilevel company by promising investors high returns through investments in bitcoin. And last month, a U.S. And last month, a U.S.

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Scams Bitcoin Federal Trade Commission FTC 40

PYMNTS

NOVEMBER 22, 2020

Malicious actors have now managed to momentarily take control over several cryptocurrency platforms by scamming employees at GoDaddy, the domain hosting service for these sites, in multiple attacks. But the hackers had tried to use their internal email access to change passwords for third-party services, such as Slack and Github.

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Scams Finance NOV Cryptocurrency 52

PYMNTS

SEPTEMBER 15, 2020

District Court against four people for allegedly “fraudulently soliciting funds” from individuals to attempt to wager on changes in the price of bitcoin, according to a press release. The company noted that its collection of bitcoin might exceed the $250 million investment that the company made known in August.

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Bitcoin Central Bank Scams Treasury 95

PYMNTS

SEPTEMBER 11, 2017

Bitcoin, the widely popular digital currency, saw its price drop late last week after a news report surfaced that China was gearing up to shutter local cryptocurrency exchanges. The ban comes at a time when the controversial fundraising activities have drawn attention and triggered no small share of scams.

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Bitcoin Cryptocurrency Scams Central Bank 52

PYMNTS

JUNE 21, 2019

A Swedish man has been charged with securities fraud, wire fraud, and money laundering in connection with a bitcoin scam that defrauded more than 3,500 victims of over $11 million — and faces extradition to the U.S. Bloomberg reported that Japan’s Financial Services Agency could issue the license this month.

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Scams Bitcoin Accounts Cryptocurrency 43

PYMNTS

JULY 6, 2018

Venezuela’s Petro cryptocurrency will be used to fund housing in the country, The Next Web (TNW) reported. That work is reportedly funded by the equivalent of $750,000 in the bolivar currency and 900,900 Petro, which is worth about $54 million at the cryptocurrency’s initial coin offering (ICO) price.

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Scams Bitcoin Cryptocurrency Digital Currency 41

PYMNTS

SEPTEMBER 11, 2017

Bitcoin, the popular cryptocurrency, is facing increased scrutiny from government regulators in China, which are reportedly gearing up to close Chinese bitcoin exchanges. This decision resulted in a decline in the price of the cryptocurrency late last week. The freeze remains in place until then.

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Cryptocurrency Bitcoin Scams Shutdown 61

PYMNTS

FEBRUARY 3, 2020

The Google Play store is once again offering the mobile game Bitcoin Blast that gives users bitcoin to play with, CoinDesk reported on Friday (Jan. Its crypto mining division was reportedly part of what could be the world’s biggest bitcoin mine under development in Texas. The New York Supreme Court awarded $13.8

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Bitcoin Blockchain Digital Currency Cryptocurrency 54

PYMNTS

AUGUST 9, 2020

The PFSA said it “would like to remind you that the cryptocurrency market in Poland is not a regulated or supervised market. PFSA does not license, supervise or exercise any other powers with regard to cryptocurrency trading activities,” Cointelegraph reported. They still have to inform NYDFS before using the coin, though.

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Blockchain Stablecoins Bitcoin Scams 89

PYMNTS

NOVEMBER 12, 2018

Another exit scam has hit the crypto world. Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency. And Venezuela is trying to lure the world’s oil markets to start using its national cryptocurrency, the petro. million worth of investors’ money after raising 13,000 Ethereum in an ICO.

Scams 71

Scams Money Laundering Digital Currency Cryptocurrency 71

Fintech News

APRIL 1, 2024

In Q4 2023, the payment and cryptocurrency sectors were the most targeted industries by identity fraud attempts, accounting for 47% and 32% of these attacks, respectively, a new report by Israeli identity verification company AU10TIX says. In 2023, losses from crypto investment scams in the US totaled US$3.94

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Ransomware Payments Scams Bitcoin 117

PYMNTS

JANUARY 29, 2019

Francesco Firano, founder of cryptocurrency exchange BitGrail , has been ordered to repay the $170 million worth of cryptocurrency that allegedly went missing last year. He also deposited 230 bitcoins ($1.8 million) onto another cryptocurrency exchange and tried to withdraw the money through a bitcoin ATM.

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Digital Currency Bitcoin AML Cryptocurrency 67

CoinRemitter

JULY 8, 2024

Bitcoin grew by over 400%, Ethereum by more than 300%, and even smaller cryptocurrencies made thousands of percent returns. A cold wallet is a device or method for storing cryptocurrency private keys offline, making them less susceptible to online threats. Private keys are long alphanumeric sequences that are hard to remember.

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Scams Cryptocurrency Addressing Blockchain 40

PYMNTS

DECEMBER 17, 2019

Bitcoin may struggle to recover from the effects of one of the largest digital currency scams, Bloomberg reported Monday (Dec. The popular cryptocurrency could stay under pressure as those behind the PlusToken scandal unload tokens. Additional cryptocurrencies like Ether were also utilized to reportedly swindle investors.

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Bitcoin Finance Blockchain Cryptocurrency 52

PYMNTS

JANUARY 18, 2021

After announcing that it was hit by a cyberattack in December, Russian cryptocurrency exchange Livecoin announced in a note that it is shutting its business and refunding its clients. Other than, you know, gold, bitcoin. Flynn purchased bitcoin for his roughly 450 clients, the report stated. Unless the U.S.

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Bitcoin Digital Currency Cryptocurrency Central Bank 63

PYMNTS

NOVEMBER 18, 2018

As it stands, crypto wallet providers aren’t currently treated the same way as cryptocurrency exchanges as they do not engage in cryptocurrency trading. Japan’s Financial Services Agency (FSA) had a plan for crypto wallet service regulation on its meeting agenda for a recent gathering of its crypto study group, bitcoin.com reported.

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Bitcoin Regulations Scams Issuers 69

PYMNTS

MAY 17, 2018

Monaco has rolled out its Monaco Wallet App to its cryptocurrency platform, the company said in an announcement. The app allows users to exchange digital currencies, such as bitcoin, Ether and Binance. In other news, a few celebrities unwittingly became a part of a crypto scam, CoinDesk reported.

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Scams Bitcoin Cryptocurrency Digital Currency 40

PYMNTS

MARCH 17, 2019

Daily trading volume for bitcoin topped $11 billion on Friday (March 15) — its highest point in almost one year. Although bitcoin’s price is at nearly half of what it was in November 2018, CoinDesk noted that the boost in trading volume could be a sign investors are still interested in the most popular crypto. 14 to Sept. 14 to Sept.

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Bitcoin Cryptocurrency Phishing Disputes 64

PYMNTS

NOVEMBER 30, 2018

Blockchain startup AriseBank’s CEO is facing up to 120 years in prison for misleading investors in a crypto scam. In reality, he was spending his investors’ bitcoin on hotels and clothes. In reality, he was spending his investors’ bitcoin on hotels and clothes.

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Scams Blockchain Bitcoin Cryptocurrency 54