Category: Scams
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Turkish Police Detain 11 Suspects in Bitcoin Theft Case
The cybercrime unit of the Turkish police has detained 11 people suspected of hacking into emails, user accounts and cryptocurrency wallets. The operation was launched after law enforcement received a number of complaints from victims who lost digital cash. Also read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Hackers Steal $80,000 Worth of…
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Google Play Store Hosted App Found Hacking Crypto Login Credentials
A video published Thursday by security researcher Lukas Stefanko exposed a malicious app hosted on the Google Play store that distributes malware onto unsuspecting user’s mobile devices. [youtube https://www.youtube.com/watch?v=bzKjtMCb4Ls?start=160&feature=oembed&w=500&h=281] Harvesting Your Passwords The app, called Easy Rates Converter, markets itself as a currency conversion tool. In reality, it infects devices with malware designed to harvest…
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The Daily: Coinbase Launches Investment Fund, Cointext Enters New Markets
In this edition of The Daily, we look at Coinbase’s decision to create a new investment vehicle for institutions in partnership with asset manager Wilshire Phoenix. We also cover the expansion of bitcoin cash SMS wallet service Cointext into four new markets. Also, New Zealand’s financial regulator has issued a warning against a platform offering…
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Sydney Woman Nabbed by Police for Stealing 100,000 XRP
Police have arrested a 23-year-old woman from an address in Epping, Sydney where she lives with her parents for allegedly raiding a 56-year-old man’s cryptocurrency wallet and transferring more than 100,000 XRP to an exchange in China. In a video report on Oct. 25, 2018, the Brisbane Times revealed that while the case is the…
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Crypto Money Laundering Rules to Be In Place by June, Says FATF
Paris-based global money laundering watchdog organization Financial Action Task Force (FATF) laid out requirements on Friday for jurisdictions across the globe, saying they would have to license or regulate their crypto exchanges. FATF amends its global Standards to address the regulation of virtual assets and prevent their misuse for #moneylaundering and #terroristfinancing ➡️https://t.co/R5R7j484Td pic.twitter.com/mOqeY25aJd —…
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Floyd Mayweather and DJ Khaled Sued for Involvement in Centra ICO Scam
World-renowned boxing champion Floyd Mayweather and famed record producer DJ Khaled are dealing with the fallout of a class action lawsuit due to their involvement with Centra Tech’s CTR token, a crypto asset the suit claims is a scam that cost investors millions of dollars. Their Role Mayweather and Khaled both promoted the coin and other…
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Adobe Flash Being Used For Cryptojacking
Cybersecurity software company Palo Alto Networks reports that miners looking to use your computer to expand their hashing power are getting sneakier. New fake Adobe updates are circulating that will actually update the plugin on your computer, but also install illicit mining malware. Hiding Behind Legitimate Sofware These fakes are especially insidious because they do…
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Report: Crypto Theft Hits Nearly $1 Billion in First 9 Months of 2018
A report released by cybersecurity company CipherTrace on Oct. 9th revealed that cryptocurrency theft via hacking attacks on exchanges and trading platforms was up 250 percent since 2017, totaling $927M in the first nine months of 2018. A Massive Uptick The data was part of CipherTrace’s Q3 anti-money laundering report, which also found that almost…