Bitcoin Scams

CabbageTech Crypto Scheme Operator Pleads Guilty to Wire Fraud

46-year-old New York resident Patrick McDonnell admitted to stealing funds obtained from his clients instead of investing them ...

Riviera Beach City Council Agrees to Pay $600,000 in BTC to Ransomware Attackers

The city council of Riviera Beach, Florida has agreed to pay nearly $600,000 worth of Bitcoin (BTC) to regain access to data en...

Recent Firefox’s Zero-Day Flaw Was Used in Attacks Against Coinbase’s Employees

The recent Firefox’s zero-day security flaw was used in attacks against major crypto exchange and wallet service Coinbase, acco...

QuadrigaCX Co-Founder Used User Deposits for His Own Trading, Created Fake Accounts

The deceased owner of the now-defunct Canadian crypto exchange QuadrigaCX was allegedly transferring user funds off the exchang...

U.S. Authorities Seek Extradition of Alleged Crypto Scammer

The United States Department of Justice (DoJ) has unsealed a fraud complaint against Swedish citizen Roger Nils-Jonas Karlsson ...

US CFTC Brings Action Against $147 Million Bitcoin Investment Scheme

The United States Commodity Futures Trading Commission (CFTC) launched action against a reportedly fraudulent $147 million bitc...

Record-Breaking Coincheck Hack Perpetrated by Virus Tied to Russian Hackers

The personal computers of employees at hacked Japanese crypto exchange Coincheck have allegedly been found to have been infecte...

UK Financial Watchdog Blacklists Clones of Two Major Financial Firms

The British Financial Conduct Authority (FCA) has warned investors of a fraudulent company posing as the Swiss Investment Corpo...

Cybercriminals Use Obfuscation Trick to Install Crypto Mining Malware

Cybersecurity firm Trend Micro has confirmed that attackers have been exploiting a vulnerability in the Oracle WebLogic server ...

Dutch Billionaire Yet Another Victim of Deceptive Crypto Ads, Sues Facebook

Earlier this week, Dutch billionaire John De Mol launched a lawsuit against Facebook over crypto ads using his image without pe...