Fraud

UK FCA Warns the Public Not to Invest in Coronavirus-Related Cryptocurrency
Mar 16, 2020 at 15:33
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 14:19
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 13:53
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 12:46
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.
Genoa Police Investigate €30,000 Loss Due to Cryptocurrency Fraud
Aug 27, 2019 at 10:40
News
Genoa Police Investigate €30,000 Loss Due to Cryptocurrency Fraud
A merchant in Genoa, Italy, bought fake cryptocurrency and lost more than €30,000. The complaint was presented at the offices of the postal police. With the inspector who took charge of the complaint, explained that the merchant had bought Bitcoins for 30 thousand euros from a self-styled trader who contacted her on her cell phone.
Italy: Verona Authorities Intervene in Onecoin Cryptocurrency Scams
Jul 07, 2019 at 13:39
News
Italy: Verona Authorities Intervene in Onecoin Cryptocurrency Scams
The financiers of the Special Antitrust Unit in Verona, Italy, have managed to seize around 93 social pages and 7 websites where cryptocurrencies including OneCoin were offered to people while promising them quick massive returns and earnings.
General Motors Uses Blockchain to Boost Automotive Industry
Jun 14, 2019 at 10:18
News
General Motors Uses Blockchain to Boost Automotive Industry
General Motors Ventures investment section has agreed to collaborate with a blockchain startup to work on a protocol and also develop a fraud protection system for the auto financing sector. General Motors (GM) will put much attention, knowledge and money to invest in this project, so as it can reach to its fruition.
Bitcoin Traders in India are no Longer at Ease
Jun 07, 2019 at 09:20
News
Bitcoin Traders in India are no Longer at Ease
Bitcoin and cryptocurrency traders in India are not benefiting from the industry following the ban of cryptocurrency activities by the Reserve Bank of India (RBI) in April last year, and this is making their social life hard. The peer-to-peer (P2P) system that was developed by cryptoasset exchanges has some voids in it and hackers have taken advantage of this to fraud people and most of them have become or are yet to be victims.
In Q1 2019 Cryptocurrency Exchanges Lost $356 Mln to Thieves
May 03, 2019 at 12:23
News
In Q1 2019 Cryptocurrency Exchanges Lost $356 Mln to Thieves
As blockchain, cryptocurrency and distributed ledger technology (DLT) adoption is gaining pace, various kinds of criminals and fraudsters also look into it as means of their illegal activity. Thieves have gained over $356 million from cryptocurrency exchange platforms and users solely in the first quarter of Q1 2019.
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