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News by results: Scams

News about Bitcoin, ICO, Blockchain Technology, investment, mining

Ethereum Classic Cooperative Warns Public Against Apparent Hard Fork Scam

Ethereum Classic Cooperative Warns Public Against Apparent Hard Fork Scam

An Ethereum Classic (ETC) development organization is warning the public against a possible scam that is attempting to exploit users the day after the altcoin completed its hard fork.

13 JANUARY 2020

NovaChain Exit Scam Highlights the Danger of Trusting Crypto Influencers

NovaChain Exit Scam Highlights the Danger of Trusting Crypto Influencers

Influencers are cancer upon our society today. While these people get paid to share sponsored opinions on products and services, they are not necessarily a reliable source of information. This is especially true in the cryptocurrency industry, where no one’s opinion should be trusted. The recent NovaChain scam shows how users should always conduct their own research first and foremost.

15 JULY 2019

You’ve been warned – over 100 fake “Libra” domains created

You’ve been warned – over 100 fake “Libra” domains created

Fortunately, the cryptocurrency community has wisened up over the years and isn’t as susceptible to scams as perhaps it once was. There is still fraud and theft, but many attempts fall flat.

2 JULY 2019

Expert: A brisk market is attracting more and more new scamers
Exclusive

Expert: A brisk market is attracting more and more new scamers

The revival of the crypto market attracts not only new investors, but also all kinds of fraudsters. That’s what in an exclusive comment for LetKnow.News said Vadim Popov, a cryptocurrency analyst.

23 MAY 2019

Exclusive
Top 6 Cryptocurrency Exit Scams

Top 6 Cryptocurrency Exit Scams

Every time money is involved in any business model or project, there is a good chance an exit scam will occur sooner or later. In the cryptocurrency industry, such exit scams are a lot more common than one might think.

19 MAY 2019

Jersey man puts $1.5M life savings in Bitcoin scam, loses everything

Jersey man puts $1.5M life savings in Bitcoin scam, loses everything

A resident of the self-governing British island, Jersey, has lost their life-savings to a Bitcoin scam.

5 MAY 2019

Analyst: Bitcoin (BTC) Likely to Soon See Massive Volatility as Golden Cross Pattern Forms

Analyst: Bitcoin (BTC) Likely to Soon See Massive Volatility as Golden Cross Pattern Forms

After losing its major upwards momentum roughly ten days ago when Bitcoin failed to break above $5,400, BTC has been able to hold steady above $5,000 and has tepidly clawed its way upwards towards $5,300.

20 APRIL 2019

Texas: Crypto AriseBank CEO Pleads Guilty to Deceiving Investors in $4.2 Million Case

Texas: Crypto AriseBank CEO Pleads Guilty to Deceiving Investors in $4.2 Million Case

The former CEO of reported cryptocurrency scam AriseBank has pleaded guilty to defrauding victims of over $4.2 million, Texas-based daily news outlet Dallas News reported March 21.

22 MARCH 2019

Founder of Multi Billion Dollar Pyramid Scheme OneCoin Arrested
Breaking news

Founder of Multi Billion Dollar Pyramid Scheme OneCoin Arrested

Authorities announced on Friday the arrest of one of the founders of the Bulgarian cryptocurrency business OneCoin, saying it was nothing more than a pyramid scheme designed to scam users out of their money. While crypto scams are disturbingly common, according to the US Department of Justice, prosecutors allege that this particular fraud ran into the billions.

11 MARCH 2019

Breaking news

Alleged Bitcoin Mining Scam Reported in Thailand

Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reports on Feb. 18.

19 FEBRUARY 2019

Why El Petro cryptocurrency looks like a scam?

Venezuela is one of the first countries that created the national cryptocurrency El Petro at the state level and made it a means of payment. However, this new monetary policy aggravates the political and financial crisis instead of bringing economic recovery.

18 FEBRUARY 2019

UK Financial Watchdog: $255 Mln Lost in Crypto-Related, Other Investment Scams in 2018

The United Kingdom Financial Conduct Authority (FCA) has reported that common investment scams’ losses — including those crypto-related — amounted in total to over £197 million ($255 million) in 2018. The agency reported the losses in an official press release published on Feb. 6.

7 FEBRUARY 2019

Chinese Police Busted $193 Million Crypto Scam, All in Cash Stacked In Villa

Police in China’s Henan province has recently busted an extremely serious cryptocurrency pyramid scheme that amassed over 1.3 billion yuan ($193 million) and arrested 27 suspects involved.

29 JANUARY 2019

Taiwan: Bitcoin Traders Ran $51 Million Crypto Scam, Prosecutors Say

Prosecutors in Taiwan indicted seven bitcoin traders for allegedly operating a sham crypto investment scheme that bilked $51 million from more than 1,000 investors.

19 JANUARY 2019

South African National Cricket Team Falls for Bitcoin Twitter Scam

Cricket South Africa (CSA) has been rocked by a Twitter scam, unwittingly offering a fake Bitcoin lottery to its followers, local Indian news outlets report.

14 JANUARY 2019

Crypto Scammers Target Would-Be Bitcoin SV Miners

One of the oldest tactics for scammers on the web is to register a domain with a very similar spelling to an official site, make it look exactly the same, and proceed to scam people intending to use the real site.

11 DECEMBER 2018

Bitconnect Refunding Scam Surfaces, Texas Securities Regulator Warns

Fraudsters are using a false TSSB notice to deceive Bitconnect victims by collecting a $250 fee for fake compensation initiatives.

5 DECEMBER 2018

FBI Arrests AriseBank CEO Over $4 Million Crypto Fraud

The FBI has arrested the CEO of cryptocurrency platform AriseBank after he was indicted over an alleged multi-million dollar scam.

29 NOVEMBER 2018

Report: Bitcoin Scam Compromising Google and Target Accounts Came from Third Party App

A recent Bitcoin scam on Twitter that compromised several major companies verified accounts came from a third-party app, tech news outlet the Next Web (TNW) reports Friday, Nov. 16, citing social media officials.

17 NOVEMBER 2018

US: Acting AG Backed Alleged ‘Invention-Promotion Scam’ Touting ‘Time Travel’ Crypto

Acting U.S. attorney general (AG) Matthew G. Whitaker has come under fire for his association with an allegedly fraudulent patent company that involved cryptocurrency, U.S. news journal MotherJones reported Nov. 14.

15 NOVEMBER 2018

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