Ethereum Virtual Coin Spawns the Largest Number of Cryptocurrency Scams
Kaspersky Labs has recently conducted research proving that Ethereum is the most frequent digital currency used for fraudulent activity. Being the most well-known cryptocurrency after Bitcoin, Ethereum seems to be the perfect option for scammers to perform illicit business and remain anonymous.
"Beware of Fake Bitcoin Scam Stories," Warns Richard Branson
Richard Branson, Chief Executive Officer of Virgin Group has warned the public using his twitter handle and official Virgin website against the dangers of fake bitcoin scam. According to his current blog post "Beware of fake bitcoin scam stories," he expresses his interest in bitcoin scam fairytales, especially those involving his name.
Vitalik Buterin Angry with Facebook for Not Deleting Fake and Scam Accounts
Ethereum’s founder Vitalik Buterin has expressed his indignation at millions of obvious scams using his name on major social networks, such as Twitter, Facebook, and Instagram, in order to steal digital currency, like bitcoin or other altcoins from inexperienced investors. He has called to his followers for help in banning malicious profiles.