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Scammers Net Over $300,000 in Bitcoin “Sextortion” Attack

According to research conducted by UK cyber crime investigation firm Digital Shadows and reported in The Next Web, cyber criminals have managed to generate around $332,000 in Bitcoin from an email-based blackmail scam. These funds were sent…
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LocalBitcoins Users Scammed of Bitcoin in Phishing Attack, Forum Suspended

Users of the peer-to-peer OTC Bitcoin trading service LocalBitcoins have been targeted by cyber criminals as part of a phishing scam, resulting in the user’s Bitcoin being stolen. Forum users were being redirected to a phishing site, which…
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Bitcoin Revolution Scam | Malta Warns of “Get-Rich-Quick” Scam

An alleged global scamming scheme called ‘Bitcoin Revolution’ is doing the rounds and traders are being warned not to fall for it. The Malta Financial Services Authority (MFSA) issued a warning against it today via an official document. Bitcoin…
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Ethereum-Based Scam Revenue More Than Doubled in 2018: Report

The value of Ethereum (ETH) stolen via scams reached $36 million 2018, according to a report released by crypto analytics company Chainalysis on Jan. 23. According to the Chainalysis report, scams that occurred last year were reportedly more…
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Cricket South Africa Briefly Falls Victim to $70,000 Bitcoin Twitter Scam

South Africa’s national cricket organization briefly fell victim to scammers on Twitter and began offering a fake Bitcoin (BTC) lottery, Indian daily news outlet Indian Express reported on Jan. 14. Cricket South Africa (CSA), which has over…
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$24 Million Thai Bitcoin Scam Involves Renowned Investor and TV Actor

Renowned stock exchange investor Prasit Srisuwan claimed to be a damaged party in the case of a $24 million bitcoin scam that victimized Finnish national Aarni Otava Saarimaa. Srisuwan recommended Saarimaa to invest in DNA 2002 Plc shares, a…
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Researchers Identify 15,000-Strong Botnet Scamming Crypto Twitter

Cybersecurity firm Duo Security has released an analysis of the botnets of Twitter. During a lengthy paper on the topic, the team behind the research identified over 15,000 bots devoted to scamming users out of cryptocurrency. Duo Security Provide…
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Thai Police Arrest Suspect in $24 Million Bitcoin Scam

Thai police have detained 27-year old actor Jiratpisit “Boom” Jaravijit in an alleged $24 million cryptocurrency scam, Bangkok Post reported August 9. Jiratpisit is reportedly one of the seven suspects in the alleged crime, including his…
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Crypto Market Leaders Call For Twitter to Ban ‘Scam Bots’

Crypto scam bots have become a common sight in the Twitter landscape, with many premier cryptocurrency personalities seeing an influx of fraudulent accounts commenting on their posts. This has become such a large problem that well-known cryptocurrency…
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Senior Opposition Member Demands Probe Into ‘Mega Bitcoin Scam’

An official from Indian opposition party the Indian National Congress (INC) has demanded a probe into a “mega Bitcoin scam,” The Hindu reports July 5. The scam supposedly involves leaders of the majority Bharatiya Janata Party (BJP). Senior…