Starting on July 11th, Youtube started to present ads featuring BTC giveaway scams to viewers, a clear violation of trust and integrity in the network. Whether this was an inside job or a fault in the algorithm, is not clear. We reached out to Youtube for comment, but no response was given by the time of…
Cryptocurrencies have recently experienced a phenomenal surge in prices commensurate to that witnessed in late 2017. Everyone is eager to get a piece of the crypto pie. Although mobile apps in the crypto scene have enhanced positive numerous transactions, they have also created an avenue for cybercriminals to scam unsuspecting customers. For the past…
It is a well-known fact that the cryptocurrency scene is overloaded with scams that take advantage of unaware and naive people. This article will talk about why people end up getting scammed and what they can do to avoid repeating the same mistakes in the future. If you've been scammed, or know someone that has…
Reuters published a warning from Britain's Financial Conduct Authority for investors on August 17th, informing them of an increase of cryptocurrency related scams which are leveraging celebrities and uptown London addresses to convince potential investors into buying into their scam. Similar warnings came out of BFCA's online channels, and now once again on the 17th of…
Despite the many benefits attributed to cryptocurrency operation, there have been a number of ransomware attacks which have been said to be a product of these digital assets. To dive deep into these claims, Kaspersky, a Russia based cyber-security firm conducted a research, which concluded in highlighting a large spread of cryptocurrency related scams that…