Tag: Scam

BTC Global Ponzi Scheme

BTC Global: Another Cautionary Tale of a Typical Ponzi Scheme

When most people think of cryptocurrency Ponzi schemes, the Bitconnect saga usually comes to mind. They laugh at the ridiculous characters and scratch their heads at the numerous investors who lost despite countless warnings. Yet, down in South Africa there...

/ March 6, 2018
Telegram Foundation Scam Site

Scammers Continue To Target Telegram ICO, Potentially Scoring Millions

With attention continuing to surround the upcoming Telegram ICO, scammers are having a field day with fake site after fake site. To make things worse, the sites appear to be successfully scamming people out of tens of thousands or possibly...

/ March 2, 2018
Bitcoinwhite Scam

BitcoinWhite Scam: Latest Example of a Fraudulent Bitcoin Hardfork

Fork madness is continuing well into 2018 as a number of Bitcoin forks have occurred or being announced. Yet another somewhat unusual fork called Bitcoin White appeared on Bitcoin Talk back in November of last year. In addition to being...

/ February 28, 2018
Twitter Scams and Photoshop

Twitter Scams and Photoshop: The Creative Ways of Online Fraudsters

There is no doubt that you would have heard of it by now. Large scale Twitter scams are being perpetrated by bots that try to impersonate influential people. These operations have been operating for some time and despite the fact...

/ February 17, 2018
IOTA Growing Pains Fake Wallets

IOTA Growing Pains: Fake Wallets and Angry Community

It has been quite a tough few months for IOTA. Firstly you had the public disagreements that the project had from researchers at MIT who dismissed its hashing function. Then you had the large scale seed generation scams that stole...

/ February 13, 2018
E-Coin Price Pump

E-Coin: Pump and Dump Scam Coin or Misunderstood Gem?

A relatively unknown cryptocurrency called E-Coin just recently experienced a massive pump and dump event. According to coinmarketcap.com, the prices on February 6 were about $6 each and following the pump at its peak, the price went all the way...

/ February 10, 2018
Experty ICO Phishing Scam

Experty ICO is Hacked as Phishing Attack Steals $150,000

It seems as if another ICO has fallen victim to a “Pre-ICO sale” phishing attack. In this case, the ICO in question was Experty where the hackers were able to make away with about $150,000 in investor funds. These type...

/ January 29, 2018
Ponzicoin

PonziCoin: the Latest Ridiculous Phenomenon in the Cryptoverse

In the cryptocurrency ecosystem’s Q1 2018, one of the biggest and most tragic stories so far has been the apparent collapse of “lending” platform Bitconnect. From the outside looking in, Bitconnect was clearly a ponzi scheme barely disguised as a...

/ January 29, 2018
Bitcoin Murder Scam FBI

Beware of the Bitcoin Murder Scam. FBI Reports a Surge

When it comes to scams on the Blockchain, we have seen them all. From ridiculous money making schemes to subtle phishing attacks, fraudsters have found ways to get their hands on your hard earned Bitcoin. However, there is something that...

/ January 27, 2018
IOTA Seed Generator Scam Site

IOTA Under Fire For Reliance on User Seed Generation

IOTA has been making news recently as it has chalked up impressive partnership deals with partners including Bosch in Germany. However, it is now been attacked on social media and by a number of users because of a particular issue...

/ January 23, 2018