According to the bank, potential cryptocurrency investors usually make an average of three payments before recognizing they’ve fallen victim to a scam.
Category: Bitcoin Scams
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Crypto firm claiming $1.4B in trades on CMC flashes reportedly fake license data
A crypto exchange claiming $1.7 billion in daily trades and reporting $1.4 billion of daily trading volume on CoinMarketCap had reportedly displayed false license data until Estonian regulators checked it.
Breaking victim ‘trust’ in scammer is key to beat crypto scams, exchanges say
Responsibility for crypto scams does not only belong to the cryptocurrency industry, it also involves banks, telecoms and social media platforms, Australian exchanges say.
Crypto P2P scams in India show digital asset education is needed
Scammers have made it impossible for Indian crypto traders to conduct P2P trades owing to several police complaints and bank account freezes that follow.
Crypto phishing scams: How users can stay protected
A look at the different techniques employed by crypto phishing scammers and how users can stay protected.
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Bitcoin of America to halt operating unlicensed crypto ATMs in Connecticut
The Department of Banking highlighted that Bitcoin of America failed to obtain a license as a money transmitter to operate Bitcoin ATM kiosks in the state.
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To catch a scammer: Kraken builds fake crypto account to ‘bait’ fraudsters
A call-center scammer impersonating President Joe Biden attempted to steal what they thought was $450,000 worth of Bitcoin from a streamer — instead, chaos ensued.
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Navigating the World of Crypto: Tips for Avoiding Scams
From “pig butchering” to phishing, there are myriad ways that scammers try to take advantage of crypto users.
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Happy Halloween: The five spookiest stories in crypto in 2022
This Halloween, we pay tribute to the crypto investors and businesses that fought through the various financial and technological nightmares that occurred in 2022.
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US State Issues Order Freezing Crypto at Exchanges in Pig Butchering Scam Crackdown
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