cryptocurrency scams

Blackrock Warns of Rising Crypto Investment Scams

July 30, 2024 Bitcoin.com

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Blackrock, the world’s largest asset manager with $10.5 trillion in assets under management, has warned about cryptocurrency scams. The firm urged caution when dealing with individuals, websites, or social media platforms using its brand to offer training or investments. Blackrock noted a spike in scams directing users to crypto investment-related websites or platforms like Whatsapp […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects

July 20, 2024 Bitcoin.com

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The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona Jr. does not endorse the purported cryptocurrency project “Tesler Code” or any other […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe

July 14, 2024 Bitcoin.com

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North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying investment advice, and avoiding get-rich-quick schemes. Victims are urged to report scams to local law enforcement and […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Consensys Acquires Wallet Guard to Enhance Metamask Security

July 3, 2024 Bitcoin.com

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Consensys has announced its acquisition of Wallet Guard, a browser extension focused on protecting digital assets from theft and fraud. This move aims to integrate Wallet Guard’s security features into Metamask. Metamask to Boost Security Following Consensys’ Wallet Guard Acquisition The acquisition comes as the Web3 ecosystem faces persistent security challenges, with scams and hacks […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams

June 3, 2024 Bitcoin.com

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Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant increase from last year’s 553 notes worth HK$166,220. Three major cryptocurrency-related fraud cases led to the confiscation of 1,693 […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign

March 5, 2023 Bitcoin.com

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Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cryptocurrency exchange said. “So far, the project has achieved tremendous results,” Binance claimed. Binance’s Joint Anti-Scam Campaign Cryptocurrency exchange Binance announced Friday that it recently launched a campaign to combat cryptocurrency-related scams […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Chainalysis: Crypto Scam Revenue Dropped 46% in 2022

February 21, 2023 Bitcoin.com

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Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline,” the firm explained. ‘Crypto Scam Revenue Fell Significantly in 2022’ Blockchain data analytics firm Chainalysis published its 2023 Crypto […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

US State Regulator Launches Crypto Scam Tracker

February 21, 2023 Bitcoin.com

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The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker to promptly alert and protect the public.” California Regulator’s Crypto Scam Tracker The Department of […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

NYU Professor ‘Dr. Doom’ Says 99% of Crypto Is a Scam — Tells Investors to ‘Absolutely Stay Away’

January 20, 2023 Bitcoin.com

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NYU Professor Nouriel Roubini, aka Dr. Doom, has warned that “99.99% of crypto is a scam, a criminal activity, a total real-bubble Ponzi scheme that is going bust.” He advised investors to “absolutely stay away” from crypto, claiming that most people in the crypto space are “all crooks.” Dr. Doom Warns Nearly 100% of Crypto […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Authorities in Germany, Bulgaria, Serbia, Cyprus Take Down Crypto Scam Network

January 17, 2023 Bitcoin.com

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Authorities in Germany, Bulgaria, Serbia, and Cyprus have taken down a cryptocurrency scam network in collaboration with Europol. “The suspects used advertisements on social networks to lure victims to websites covertly operated by the criminals, which offered seemingly exceptional investment opportunities in cryptocurrencies,” Europol detailed. Authorities Cracking Down on Cryptocurrency Scams Europol announced Thursday that […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes