Hackers embedded a cryptojacker in the Make-A-Wish site worldwish.org. This malware uses the computers of site visitors to mine cryptocurrency for the hackers. Thanks to watchdog, Trustwave SpiderLabs, Make-A-Wish was able to successfully remove the cryptojacker from their site. It goes without saying that this recent attack on the Make-A-Wish Foundation is especially unpleasant As … Continue reading “Make-a-Wish Foundation Latest Victim of Crypto Hackers”
fraud
Beware Fake Trezor Wallets Flooding the Crypto Market
Author Ian CooperPosted on Categories Crypto Wallet, Cryptocurrency, General, News, ScamLeave a comment on Beware Fake Trezor Wallets Flooding the Crypto MarketThe cryptocurrency space continues to attract illegal activities. The market suffers from increased hacking, fraud, and cryptojacking. Recently, criminals discovered a new way to defraud people of their money. According to reports, unknown persons decided to imitate crytocurrency wallets like Trezor and sell them to the public. Trezor warns customers of the fake lookalike Trezor, a … Continue reading “Beware Fake Trezor Wallets Flooding the Crypto Market”
IMF Urges Central Banks to Adopt National Cryptocurrencies
Author Dennis WafulaPosted on Categories Business, Cryptocurrency, General, NewsLeave a comment on IMF Urges Central Banks to Adopt National CryptocurrenciesThe International Monetary Fund (IMF) has urged governments to adopt national cryptocurrencies considering the increasing adoption trend of financial technology. As technological advancements continue, person to person interactions are becoming easier due to the internet. In this age of smart phones, people want fast and less bureaucratic solutions for cross-border transactions. Therefore, the use of … Continue reading “IMF Urges Central Banks to Adopt National Cryptocurrencies”
Holiday Shopping 2018: Blockchain Technology Preventing Brand Fraud
Author Dennis WafulaPosted on Categories Blockchain, Crypto Technology, Cryptocurrency, News, ScamLeave a comment on Holiday Shopping 2018: Blockchain Technology Preventing Brand FraudExperts expect online transactions to rise exponentially with the holiday season looming. And so will the fraud attempts of criminals aiming to separate shopper prematurely from their hard earned cash. The Solution With online transactions on the increase, it is a challenge for retailers to differentiate between fraudulent and legitimate activities. Businesses need a discerning … Continue reading “Holiday Shopping 2018: Blockchain Technology Preventing Brand Fraud”
Arizona Man Pleads Guilty for First Crypto Crime in Illinois Courts
Author Eric Van OrmanPosted on Categories Cryptocurrency, General, Law, NewsLeave a comment on Arizona Man Pleads Guilty for First Crypto Crime in Illinois CourtsAuthorities charged an Arizona man with fraud against his former employer, as well as group of private investors. He used their crypto assets to gamble on investments and lost hundreds of thousands in the process. Joseph Kim, 24, is a graduate of the University of Chicago and former employee of Consolidated Trading LLC in the … Continue reading “Arizona Man Pleads Guilty for First Crypto Crime in Illinois Courts”
SEC Continues to Pursue PlexCorps Injunction
Author Eric Van OrmanPosted on Categories Business, Cryptocurrency, General, ICO, NewsLeave a comment on SEC Continues to Pursue PlexCorps InjunctionThe Securities and Exchange Commission (SEC) presses on for restitution against the allegedly fraudulent ICO from PlexCorps. Last summer, crypto startup PlexCorps raised $15 million from thousands of investors for its ICO. The company quickly went under, and the SEC uncovered several problems in an investigation. The main points that the SEC found fraudulent or … Continue reading “SEC Continues to Pursue PlexCorps Injunction”
NASDAQ Wants to Stamp Out Fraud in Cryptocurrency Market
Author Ian CooperPosted on Categories Business, Crypto Exchanges, Cryptocurrency, News, ScamLeave a comment on NASDAQ Wants to Stamp Out Fraud in Cryptocurrency MarketScams continue to plague cryptocurrencies. China and India have shut trading down because of it. Investors have lost billions. But fraud is nothing new to exchange giant NASDAQ, which announced it may have the tools to stamp it out. The exchange published a report on its experience fighting fraud, and how it can apply the … Continue reading “NASDAQ Wants to Stamp Out Fraud in Cryptocurrency Market”
ICO Fraud: Why it Pays to do your Own Due Diligence
Author Ian CooperPosted on Categories Business, Crypto Guide, Crypto Technology, Cryptocurrency, General, ICO, News, Scam, UncategorizedLeave a comment on ICO Fraud: Why it Pays to do your Own Due DiligenceIf you’re unwilling to do proper research, don’t invest in an ICO. There are far too many scams that can cost you quite a bit if you’re not careful. For example, the North Dakota Securities Commission issued a cease and desist order against three firms which were offering unregistered and fraudulent securities under the guise … Continue reading “ICO Fraud: Why it Pays to do your Own Due Diligence”
Cryptocurrency Regulations: G20 Group to Set Rules by June 2019
Author Eric Van OrmanPosted on Categories Banking, Business, Cryptocurrency, General, News, RegulationsLeave a comment on Cryptocurrency Regulations: G20 Group to Set Rules by June 2019The Financial Action Task Force (FATF) is a Paris-based G20 group formed to eradicate money laundering. They have just announced their jurisdiction over cryptocurrency worldwide. And they’ll issue their first set of rules in June of 2019. In a time when regulations are undefined, the G20 Group, FATF seeks to unify standards Many nations where … Continue reading “Cryptocurrency Regulations: G20 Group to Set Rules by June 2019”
U.S. CFTC: Bitcoin Ponzi Scheme Cost its Founder $2.5 Million
Author Eric Van OrmanPosted on Categories Bitcoin, Blockchain, Business, Crypto Exchanges, Crypto Technology, Cryptocurrency, General, Regulations, Scam, UncategorizedLeave a comment on U.S. CFTC: Bitcoin Ponzi Scheme Cost its Founder $2.5 MillionCrime doesn’t pay. Unfortunately, some have to learn that the hard way. Sadly, certain people choose to abandon traits such as common sense and logic. The U.S. CFTC recently clamped down on one of these individuals. A federal court just ordered Bitcoin hedge fund Gelfman Blueprint Inc. and CEO Nichola Gelfman to pay $2.5 million … Continue reading “U.S. CFTC: Bitcoin Ponzi Scheme Cost its Founder $2.5 Million”
