Study Finds Cryptocurrency Scams Surged 40% in 2020, Forecasts an Increase of 75% in 2021

Study Finds Cryptocurrency Scams Surged 40% in 2020, Forecasts an Increase of 75% in 2021A new study revealed that cryptocurrency-related scams almost doubled over the last year. However, forecasts are not optimistic going forward, as the report forecasts another significant increase in the number of cases in 2021. Research Scanned Over 300 Million Websites According to the “Cryptocurrency Scam Report” published by fraud prevention company Bolster and shared with […]

Go to Source

Powered by WPeMatico

Portuguese Authorities Contemplate Launching an Investigation on Local Crypto Social Media Influencers

Portuguese Authorities Are 'Analyzing' the Possibility to Launch an Investigation on Local Crypto Social Media InfluencersPortuguese authorities are reportedly planning to take action against social media influencers who provide advice on crypto-related investments. The plans are being discussed in the wake of an online petition signed by thousands of Portuguese. A Crypto Youtuber Already in the Authorities Loop According to Expresso, Portugal’s judicial police, Policía Judiciária, is “analyzing” whether domestic […]

Go to Source

Powered by WPeMatico

Stablecoin Issuer Tether Says It Is a Victim of a 500 BTC Ransom Demand Infoleak Threat

Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin ecosystem” if their demand for the payment […]

Go to Source

Powered by WPeMatico

Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report

Cyber Criminals Are Now Hiding Much More Quickly Their Stolen Cryptos, Says ReportA new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows. Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly. Only 8% of the Funds Were Transferred to Exchanges With Verification Procedures in 2020 Per the findings, in 2020, the firm said […]

Go to Source

Powered by WPeMatico