Category: Scams
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Garmin Coming Back Online After Hack — Was $10M Crypto Ransom Paid?
Cybergang Evil Corp hackers reportedly demanded $10M to restore full access to Garmin’s customer support services and navigation solutions.
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Travel Management Company CWT Pays $4.5M Bitcoin to Hackers
Ransomware hackers initially demanded $10 million to restore access to travel firm CWT’s computers and delete any stolen data.
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Was The CryptoForHealth Twitter Hack Good For Bitcoin?
This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! As I prepared to send this newsletter out last week, something strange happened. In the afternoon of July 15, a colleague alerted a Bitcoin Magazine Slack channel that the Twitter accounts for…
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These on-chain fundamentals will prevent you from investing in a scam token
Bitcoin was born to disrupt the global financial system at its core. With the idea of a decentralized, borderless, censorship-resistant, and peer-to-peer version of cash, the flagship cryptocurrency is taking power from governments around the world and giving it to the people. Long gone are the days when trust needs to be deposited on third…
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PlusToken 2.0? Yet another Bitcoin Ponzi scheme begins to garner millions
Underneath the noses of the Western crypto world, PlusToken — a “wallet” promising to provide its users with high ‘investment’ returns on their deposits of Bitcoin, Ethereum, and other cryptocurrencies — managed to garner billions of dollars of digital assets. throughout 2019 Then, like that, the money vanished, with the operators signing a message with…
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Latest data shows hundreds of victims blackmailed for Bitcoin in the U.K.
Throughout 2018 and 2019, the U.K. police forces received a total of 562 reports of blackmail for Bitcoin, research from Parliament Street think tank has shown. The information, obtained via the Freedom of Information Act (FOI), showed that blackmail was the most common attack using Bitcoin. More than 500 cases of Bitcoin blackmail registered in…
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Live streaming Elon Musk Ethereum scam emerges on YouTube
A new Ethereum scam has popped up on YouTube and is using Tesla founder Elon Musk as bait. The scammers are requesting Ethereum deposits in order to verify crypto addresses, which then become “eligible” for a x2 return on their investment. New Elon Musk Scam appears on YouTube Elon Musk, the founder of Tesla and…
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Chinese scam PlusToken is moving $117m in Bitcoin: research firm
The PlusToken scam has deposited around 13,000 BTC to a mixer in the past 24 hours, reports blockchain research firm Ergo. Mixer deposits in Bitcoin do not necessarily mean a sell-off in the immediate future, but it raises the probability of it. Researchers at Ergo said: “~13k [BTC] in new PlusToken mixer deposits in last…
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Fraud Fighters: How crypto companies can stay one step ahead of the scammers
2019 was another banner year for crypto fraud that will continue to adversely impact prices of Bitcoin and Ethereum going forward as Ponzi scheme PlusToken unwinds. Although some of its perpetrators have already been jailed in China, active wallets suggest that the entire crime ring hasn’t been arrested. Moreover, the flow of funds demonstrates the…
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The DOJ just busted a massive money laundering scheme, and it’s bad for Bitcoin
The growth of Bitcoin and the crypto market has long been inhibited due to its perceived ties to the dark web and the criminal underworld, a perception that is primarily rooted in the technology’s genesis as a payment method on dark web marketplaces. Although this narrative has largely dissolved in recent years, it is important…