Scams and get-rich-quick schemes are nothing new in the world of cryptocurrencies. In the past few months, there has been a notable increase in so-called Bitcoin HYIPs. A high-yield investment program is a very common scam, especially on the internet. Below are a few tips to easily snuff out such […]
Tag: scam
AriseBank CEO Pleads Guilty to Scamming $4.2 Million From His Clients
The CEO of AriseBank has pleaded guilty to scamming $4.2 million from hundreds of investors. Jared Rice Sr. was initially looking at over 120 years behind bars for all the charges he faced. However, according to a report by Dallas News, he only faces 20 years for one count of securities […]
Investors Beware: Oyster Price Pumps Despite Blatant Exit Scam
Even though the cryptocurrency industry continues to grow and expand, some key problems persist. Oyster has been an interesting example in this regard, as this exit scamming project is still going through a hefty price increase. That isn’t abnormal by any means, but one has to keep in mind investing […]
What to do if A Scammer’s Bitcoin Address is Discovered?
In the world of cryptocurrency, scams are more apparent now than ever before. Even if one were to successfully identify the wallet address of a known scammer, there is no real option to retrieve the money. It highlights a big problem in this industry, although there are some steps which […]
Top 3 Biggest Losers – Coins that have Lost 99% in Value
With the extended bear market of 2018, numerous coins have seen massive losses from their year end highs. For unfortunate investors who purchased at the top, losses of 70, 80, 90% are common. However, beyond these woes are performances magnitudes worse. Here are three projects that have dumped over 99%. […]
ABLE Project Exit Scammed, and These Crypto Firms are to Blame
It’s not secret that a dauntingly large percentage of ICOs are fraudulent from the start. However, in most cases, it’s quite simple for speculators to separate the scams, and funds are primarily accumulated from inexperienced or otherwise naive investors that the coin offering targets. Unfortunately, every now and then, these […]
Top 5 Ways to Spot an ICO Scam in 2018
2018 has proven to be rather successful for the initial coin offering industry. This is despite some of the key risks and pitfalls associated with ICOs still remaining place. With so many new investors joining the risk, the five following best practices are need to be taken into account at […]
India Investigates Another Crypto Scam
Cryptocurrency scams have become a very real problem over the past few years. With so many new users entering this ecosystem as of late, it is evident that many are at risk of being scammed. In India, another big crypto scam has been uncovered, and two individuals associated with the […]
Social Engineering Cryptocurrency Scams Earned Criminals $10M in 2017
Crime and cryptocurrency seem to go hand-in-hand these days. That’s more than unfortunate, although it seems there is no real improvement in sight just yet. A new report by Kaspersky Lab shows that 2017 was a big year for social engineering schemes related to cryptocurrency. Social Engineering Remains a Big Problem […]
New Malware Swaps Intended Crypto Addresses for the Hacker’s Own
Crypto users have been targeted by malware for years now. With crypto becoming increasingly popular, cyber criminals have continued to invent new and more advanced ways to steal them. And now there is a new one that swaps an intended crypto address for one that belongs to the attacker. While […]