The growth of crypto scams is occurring at an unprecedented rate. This can be attested to by a woman in the region of Sudbury, for example, who recently entered a scam that could have gone quite far. Crypto Scams Are Becoming Too Common The woman was approached by someone posing as a police officer named Scott Nix. The person convinced her that she needed to empty her bank account and send him the money via bitcoin so that he could verify the funds were real and help her...
Read More »Edmonton Crypto Scams Have Stolen Nearly $6 Million
Scams, scams, and more scams. It appears that’s all the digital currency space is associated with as of late… That and falling prices. The idea of scams lessening anytime soon isn’t taking hold, especially now that police in the town of Edmonton say they’re looking to assist victims of a crypto fraud case that ultimately saw nearly $6 million in digital funds being wiped from their portfolios. Scams in the Crypto Space Are Still Too Prominent The scam in question has...
Read More »What Bitcoin Scams Have Become the Most Common?
Analysts and crypto experts are warning against all levels of bitcoin scams, which have become rather common over the past year. Bitcoin and Crypto Scams Continue to Be Troublesome Since bitcoin began shooting up in price in mid-2020, crypto scam artists have been entering the fray in droves. The Federal Trade Commission (FTC), for example, received more than 7,000 individual reports of crypto scams between October 2020 and March 2021. As much as $80 million had been...
Read More »Crypto Scams: Are Things Getting Out of Hand?
Scams, scams, and more scams… It seems whenever we look at news relating to crypto as of late, it’s all we hear about, and according to several tech experts, the problem is getting worse. Crypto Scams Are a Serious Problem Scams have always occurred in the digital currency industry, but they have become more elaborate as time has gone by and the space has undergone change. For example, it used to be that a cyberthief ultimately gained control of the assets in a digital...
Read More »More Scams! 170 Phony Android-Based Crypto Apps Uncovered
Scams are afoot… Researchers have identified more than 170 fraudulent Android-based cryptocurrency apps that are allegedly scamming digital currency miners. Scams Just Don’t Seem To Exit the Crypto Space The crypto space has always been fraught with money-stealing operations, some of which have been all too successful. Most of the time, operations are done on a largescale basis, such as when exchanges like Mt. Gox, Coincheck, or most recently, Africrypt were hit. These...
Read More »Two Vancouver-Based Crypto Scams Steal $2 Million
The world of cryptocurrency scams is expanding like there’s no tomorrow. Vancouver police have just issued a warning after the emergence of two new digital currency-based scams that have already stolen as much as $2 million over the past few weeks. Crypto Scams Are a Big Deal This month, we have seen more evidence of cryptocurrency scams entering our midst. One man claims to have lost hundreds of thousands of dollars to one such venture that involved a Twitter account...
Read More »New York Man Faces 20 Years for Crypto Scam
It seems like scams will never dissipate from the cryptocurrency space.Scams: They’re More Prominent Than EverA man in New York has been arrested and charged with running a fraudulent cryptocurrency operation. 47-year-old Asa Saint Clair claimed that his project was tied to the United Nations (UN) through an international sports development program.This should have been the first big “no-no” for investors thinking about the operation. What on Earth does the United Nations have to do with...
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