Criminals go where the money is, so it’s no surprise that with the rise of bitcoin and other virtual assets, crypto scams are on the rise too. And because crypto is so new to so many users, it may be even more difficult for people to identify and avoid potential fraud. This dynamic resulted in reported…
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CIPHERTRACE GLOBAL ALERT: New Phishing Attack Claims to Have Webcam Video of Victims Performing Embarrassing Act – Asks for Ransom in Bitcoin Global Alert, December 11, 2019: In early December 2019, CipherTrace researchers received multiple reports of a new strain of phishing extortion. These “sextortion” emails attempt to fool recipients into believing that the scammer…
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New Presidential Task Force Aims to Fight Cryptocurrency Fraud With the lure of big returns attracting investors—and scammers—to cryptocurrencies, the White House has taken action to protect consumers. President Trump recently signed an executive order creating a new task force that will pay particular attention to financial crimes such as digital currency fraud, money laundering…
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