The CID has unearthed another Cryptocurrency scam in India. The Gujarat law forces have arrested four individuals suspected in connection with an alleged cryptocurrency scam. The accused Vijay Prajapati, Dhiraj Patel, Kamruddin Syed, and Ashiq Shaikh are alleged creators of “KBC Coin”, a cryptocurrency…
Australian couple Nick and Josie Yeoman lost more than AU$20,000 to a Bitcoin scam. After being duped the couple received a WhatsApp message telling them that the whole thing was a sham…
In a new campaign by malware researcher, Fumik0_ discovers attackers have created a clone website of the Cryptohopper crypto trading platform. The website when visited will automatically download a setup.exe installer. It distributes malware payloads such as information-stealing Trojans, miners, and clipboard hijackers. This Setup.exe installer uses the Cryptohopper logo as its icon which looks […]
The Polish crypto exchange Coinroom has shut down its operations overnight. Adding to the woes, it has allegations of siphoning the funds of its customers as well. This report comes from a local news agency. The exchange sent contract termination and business closing emails to its customers. They had only one day to retrieve their […]
BaFin or Federal Financial Supervisory Authority of Germany has issued a warning against CoinBene, the crypto exchange. As per BaFin’s report, CoinBene is not registered under Germany’s banking Act and has no license for trading with cryptos. Further, it also says that CoinBene has been recruiting freelance crypto traders. These folks get their commission for […]
Chinese traders accused of illegal bitcoin collection worth $56 million. The two accused traders Yi Zhou and Xiang Li tempted more than 100 over-the-counter (OTC) traders assuring a return interest. The information came from a regional newspaper report. According to the news, 20 OTC traders registered a report against the two individuals in the Hangzhou […]
There is not a day in a week when we don’t hear about scams happening in the crypto world. The crypto exchange Goxtrade is the latest addition to these kinds of scam activities. Apparently, the firm is extracting the photo of random people from social media. Later it’s putting those people’s picture on its website […]
Every piece of technology has its downsides. In a more proper technical jargon, we call it vulnerability. The concept of cryptocurrency is very much prone to high-end vulnerabilities. The threat comes in the form of ransomware. According to a report by Coveware, the value of ransom demanded by various ransomware has increased significantly in the […]
The Mumbai Crime branch, in India, has uncovered a gang behind a $13 million (INR 100 crore) cryptocurrency scam, which was spread over the states of Maharashtra, Gujarat, and Uttar Pradesh. The scammers had launched a scam coin, dubbed Cashcoin, which was claimed to be similar to Bitcoins. The gang cheated people by promising them double returns within two months.
Indian Police have arrested the fourth suspect of an alleged crypto scam worth 5 billion rupees (about $71.6 million) in the nation. As per reports from The Indian Express, the accused inflated the price of the tokens during investments which could not be redeemed later on by the investors when the price fell.