Fraud

Australians Lose Big to Cryptocurrency Scams, over $2 Billion in a Decade
Jun 23, 2020 at 13:07
News
Australians Lose Big to Cryptocurrency Scams, over $2 Billion in a Decade
Australians seem to be very vulnerable to fraudulent money-stealing schemes. In 2019 alone, the continent citizens lost over $634 million to cryptocurrency scams, with over $2 billion stolen during the past decade.
Cryptocurrency Fraud Worth 100 Bln Won Busted in South Korea
Jun 13, 2020 at 11:50
News
Cryptocurrency Fraud Worth 100 Bln Won Busted in South Korea
On June 12, 2020, the Seoul Metropolitan Police announced investigating a cryptocurrency scam project run by three fraudsters having collected about 100 billion won (approx. $83.1 million USD).
Hackers Target Healthcare Industry as It is the Most Vulnerable During the COVID-19 Pandemic
Apr 12, 2020 at 12:02
News
Hackers Target Healthcare Industry as It is the Most Vulnerable During the COVID-19 Pandemic
While countries are busy dealing with the coronavirus pandemic, they are targeted by hackers wishing to benefit from the crisis. Now, criminals aim at the vital and the most vulnerable industry as of now - healthcare.
Scammers Pretending to be National Health Service Collect Fake Donations for COVID-19 Victims
Apr 10, 2020 at 09:50
News
Scammers Pretending to be National Health Service Collect Fake Donations for COVID-19 Victims
The number of scam projects seems to grow proportionally to COVID-19 cases. Now, scammers are posing themselves as the National Health Service (NHS) to trick the citizens of Great Britain out of their cryptocurrency.
New COVID-19 Scam Scheme Tricking People of their Bitcoins
Mar 28, 2020 at 08:14
News
New COVID-19 Scam Scheme Tricking People of their Bitcoins
Fraudsters are actively taking advantage of the worldwide coronavirus pandemic. Three cities in the UK, Manchester, Pembrokeshire, and Norfolk, have already issued scam alerts against new schemes.
UK FCA Warns the Public Not to Invest in Coronavirus-Related Cryptocurrency
Mar 16, 2020 at 16:33
News
UK FCA Warns the Public Not to Invest in Coronavirus-Related Cryptocurrency
The UK Financial Conduct Authority (FCA) recently issued well-filtered recommendations to the public especially the investors not to participate in cryptocurrency investments related to Covid19 through an official website.
US Citizen Sentenced for Possibly Financing Terrorism with Bitcoin
Mar 15, 2020 at 15:19
News
US Citizen Sentenced for Possibly Financing Terrorism with Bitcoin
A citizen of the USA named Zoobia Shahnaz faces a 13-year sentence for attempts to finance ISIS with bitcoins. To achieve her goal, she tried to fraud several giant financial institutions including American Express, Chase and Discover.
American Man to Refund $33 Million He Fraudulently Obtained from 150 Cryptocurrency Investors
Feb 13, 2020 at 14:53
News
American Man to Refund $33 Million He Fraudulently Obtained from 150 Cryptocurrency Investors
A man from Ohio, USA, is facing charges which could see him refund up to $33 million for violating US federal anti fraud regulations set by the US Securities and Exchange Commission (SEC). SEC revealed that Micheal W. Ackerman is indicted for fleaching more than $33 million from about 150 investors subscribed to his cryptocurrency platform.
CeTIF Università Cattolica in Italy Develops Blockchain Project
Jan 03, 2020 at 13:46
News
CeTIF Università Cattolica in Italy Develops Blockchain Project
CeTIF Università Cattolica decided to bring blockchain into play in Italy with a significant project dubbed the "Digital sureties (Fideiussioni Digitali)" aimed at reducing fraud, increasing efficiency in information workflows and developing new forms of information sharing.
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