The Federal Trade Commission (FTC) has announced that they will host a free to attend a workshop called "Decrypting Cryptocurrency Scams" in the upcoming summer. This was confirmed by a press release published on April 30, 2018. Their goal is to raise awareness about potential fraud in the…
6 posts tagged
Scam
The Dark Side of Cryptocurrencies
Cryptocurrencies are of much concern to government authorities around the world for several reasons: they might undermine the standard of currencies issued by central banks, resulting in potential economic depressions worse than ever seen before; they're unregulated, which means activities involving cryptocurrencies could defraud investors of their personal wealth; and…
SEC's New Cyber Unit Seeks Out ICO Scams
Initial coin offerings are the current way to make money and get rich. A new part of the Securities and Exchange Commission (Cyber Unit) has been developed to investigate and prosecute ICOs. The first charges from the SEC targeted a scam that raised $15 million from thousands of investors with…
Bitcoin / Cryptocurrency IS A SCAM. Here's why I'm still an investor..
Cryptocurrency has allowed rampant fraud, but so too has the U.S. dollar. Where is the line and are Bitcoin, Ethereum, and Litecoin still good investments?…
List of Cryptocurrency Scams & Hacks: ICO Scams and Crypto Fraud Run Rampant
On Monday, December 4th the US Securities and Exchange Commission fired the first shots in what many expect to be a period of renewed regulatory enforcement in the crypto space. The SEC’s new Cyber Unit engaged an emergency asset freeze against PlexCorps, the group behind PlexCoin. PlexCoin’s recent…
The Mt. Gox Hack
In 2014, Mt. Gox, one of the largest bitcoin exchanges on the globe and based in Japan, was on top of the world. They handled 70% of all bitcoin transactions globally. However, the end of February brought ruin and bankruptcy to Mt. Gox. Mt. Gox lost almost 740,000 bitcoins…