Bitcoin scams have been going on ever since the cryptocurrency was first invented with hacks and fraud becoming a small part of the industry. More than a decade after it was first made public, bitcoin scams have only grown in complexity and magnitude. According to news reports, two Canadian nationals have been sentenced by a […]
Crypto Scandals
BitClub Network founders in hot water as investors call out scam worth $722 million
The cryptocurrency market has been abounding with scams and frauds for a long time now, and millions of people have suffered from it. Despite the reduced occurring of these events now, one or two never fail to shock the crypto world. Just recently, the BitClub Network [BCN] and its five top members were found to […]
Europol detains six people for plundering $27.2 million worth of cryptocurrency in the UK and Netherlands
Cyber attacks have built a new dimension since the evolution of cryptocurrency, the hacking methodologies employed to steal bitcoins, ethereum, and other cryptocurrencies have been very sneaky, along with the popular cryptojacking and typosquatting. What is Typosquatting? Typosquatting is a hacking methodology that targets internet users when they type in a wrong web address in […]
Beware of free crypto offers, there is no such thing as free cryptocurrency
You’re probably familiar with an old saying that goes, “there’s no such thing as a free lunch.” Well, you should update it as “there’s no such thing as free cryptocurrency” and act accordingly because we’re seeing several websites offering software downloads that supposedly deliver free digital assets to their users. What they really get instead […]
Scandals and crypto: 3 of the best-known cases
Bitcoin and many other digital assets hold great potential for the good and the bad. They could make you rich in a heartbeat. They could also make you lose your shirt just as quickly. Cryptocurrency investing is very risky, which is why it can be highly profitable, and very exciting. One of the things that […]