scams

police, crypto, awareness

Xinjiang Police pledged to combat crypto fraud and started public awareness campaign

The police in China’s Xinjiang Uyghur Autonomous Region has launched a campaign aimed at combating cryptocurrency scams. The police are concerned that “illegal fund-raising, online pyramid schemes. And other cases of economic fraud” are on the rise in the region, according to the Legal Daily. According to the police, crypto fraud and illegal loan services […]

CWT Travel Management Company Pays $4.5M Bitcoin to Hackers

U.S.-based travel company CWT paid $4.5 million in a Bitcoin ransom to hackers who stole the company’s confidential data. According to Reuters’ July 31 report, CWT (formerly Carlson Wagonlit Travel) representatives paid 414 Bitcoin (BTC) ransomware hackers on July 27. About $4.5 million at the time — over two transactions. Blockchain data reveals that, within […]

Crypto Scams Are Skyrocketing in 2020 Compared to 2017 Statistics

Whale Alert, the blockchain tracking and analytics platform, has revealed that scammers have stolen more than $38 million worth of Bitcoin (BTC) over the last four years. It could hit new heights by the end of 2020 Research by Whale Alert, which relies on data from the crypto scam monitoring platform, Scam Alert, shows that […]

bitcoin scammers target users using Google AdSense

New Email Extortion Scam Targets Google AdSense, Demands Bitcoin

A new extortion scam targeting website owners serving banner ads through the Google AdSense program has begun circulating the internet. The malicious scheme demands Bitcoin in exchange for preventing an attack, which would purportedly lead to the users’ AdSense account suspension. The email-based extortion scheme was first reported by security news and investigation block KrebsOnSecurity […]

Crypto scammers sends scam emails

Crypto Scammers Use UK Financial Regulator’s Identity to Send Scam Email

An FCA masked scam email has been moving around encouraging users to make crypto investments. These fraud emails claim to be from the UK Financial Conduct Authority (FCA) and try to lure the users into the trap. These fraudsters use the branding and logo of the FCA to make it appear more real to the prey. The scam email assures the users a guaranteed chance of earning on investments…