Blockchain analytics firm CipherTrace released a report this morning showing that roughly $1.7 billion in cryptocurrency was stolen or scammed over the course of 2018. The amount stolen by hackers alone is staggering: over $950 million. The figure represents an increase of more than 300% from 2017. Continue reading Cryptocurrency Thefts and Scams Raked in 300% More Profit Last Year than 2017
Tag Archives: Scams
Crypto Payments Firm CEO: Hacks, Scams, and Volatility Discourage Mass Adoption
AtomicPay’s CEO believes that scams and volatility are the primary things holding back public mass adoption of cryptocurrencies. Continue reading Crypto Payments Firm CEO: Hacks, Scams, and Volatility Discourage Mass Adoption
Bitcoin Scams Swindle Singapore Investors for $78,000 in 3 Months
Between September and November 2018, a total sum of $78,000 was lost to cryptocurrency scammers in Singapore after they used a series of strategies involving spreading false information about fake investments online to attract investors. Continue reading Bitcoin Scams Swindle Singapore Investors for $78,000 in 3 Months