This week, the Let’s Talk Bitcoin! Show gathered to discuss the US tax treatment of “Virtual Currencies” and how scams find a home wherever opportunity exists, at least for a while.
Better Regulation Could Curb Crypto Scams, Chainalysis Report Says
Chainalysis’ 2019 crime report found illicit activities accounted for roughly 1 percent of overall crypto transactions last year, and better enforcement of anti-money laundering and know-your-customer regulations could stamp out a large portion of that.
US Arrests 3 in Alleged Crypto Mining Pool Fraud Scheme
U.S. authorities have arrested three members of BitClub Network, alleging the mining pool is a long-running Ponzi scheme.
Australian Police Charge 5 Over $1.8 Million Cryptocurrency Scam
Five people have been charged in Australia over a cold-call cryptocurrency investment fraud that allegedly duped investors for over $1.8 million.
UK Finance Watchdog Mimicked in Crypto Scam Email
British regulator, the Financial Conduct Authority, is being impersonated in an email promoting a cryptocurrency scam.
A Suspect Crypto Site Stole My Identity – and I’m Furious
A site called “US Veteran Token” looks to be using goodwill toward military vets to scam investors. And one of our bios was stolen to promote it.
Protestors Set Alleged Bitcoin Ponzi Scheme Perpetrator’s Home on Fire
Before shutting down, Bitcoin Wallets’ “manager” promised 100-percent returns on investors’ money in just two weeks. Then they burned down his house.
Tron Says Protestors at Beijing Office Invested in Imposter Scheme
The price of Tron tanked Monday on inaccurate rumors of a “police raid” at the company’s office in Beijing. The real story was more interesting.
Scammer Taunts Couple Who Lost Thousands in Bitcoin Fraud
An Australian couple lost over AU$20,000 in a bitcoin scam, and were even taunted by the perpetrator over their losses.
‘Moderation Bot’ Blacklists Telegram Users to Tackle Crypto Scams
Blockchain advisory firm AmaZix is launching a “moderation bot” to help stamp out cryptocurrency scams on popular messaging app Telegram.
Irish Crypto Exchange Bitsane May Have Disappeared With Users’ Funds
Irish cryptocurrency exchange Bitsane may have done a runner with users’ funds, according to a report.
Six Arrested Over Cloned Crypto Exchange That Stole €24 Million
Europol and police agencies have busted a cloned exchange operation that stole over $27 million in bitcoin from thousands of victims.
Scammers Target Libra Fans With Fake Sites, Zuckbucks
Buyer beware: the difference between ì and i can mean the loss of a few thousand dollars if you’re not careful.
Security Researcher Tears Up a Binance Scam Site to Find the Hackers
Harry Denley, researcher for MyCrypto, found and dismantled a clever phishing site that targeted Binance users.
Crypto and Forex Scam Reports Tripled in the UK Last Year, Watchdog Says
Reports of cryptocurrency and foreign exchange scams surged in the U.K. last year, while total reported losses dropped, says the FCA.
FTC Sues Smart Backpack Crowdfunder Who Spent Proceeds On Bitcoin
The Federal Trade Commission is suing a crowdfunder who promised a smart backpack but instead spent the proceeds on bitcoin.
Crypto Crime Blotter: Scammers Dupe Jersey Island Man Out of £1.2 million, Backpage Laundered Cash With Crypto
Did Backpage launder cash through crypto? What happened to three Germans on the DarkWeb? This week’s Crypto Crime Blotter.
Crypto Crime May Have Cost Sector $1.2 Billion in Q1, Says Report
Losses arising from cryptocurrency hacks and fraud may have reached as high as $1.2 billion in the first quarter of 2019, CipherTrace estimates.
Australian Crypto Scam Reports Rose Almost 200% in 2018
Australia saw a surge in reports of scams involving cryptocurrencies last year, according to the country’s consumer watchdog.
Someone Is Impersonating Bitcoin Futures Platfom Bakkt to Raise Money
There’s a website out there masquerading as Bakkt in an apparent attempt to bilk people out of their bitcoin.