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  •   Maria Kemenes commented on this post about 1 day ago
    Luca reposted Anton 's post
      Reposted from Anton
    FBI Outline Key Features of Scam ICOs, Warns Investors to Be Vigilant


    The United States Federal Bureau of Investigation (FBI) has outlined what it believes to be the consistent threads running through fraudulent initial coin offering (ICO) schemes. The Bureau’s perspective was shared in an interview with Netherlands-based financial news site the Paypers on Feb. 19.

    According to the FBI, the key strategies of scam offerings include misrepresentations of their directors’ professional...
    FBI Outline Key Features of Scam ICOs, Warns Investors to Be Vigilant


    The United States Federal Bureau of Investigation (FBI) has outlined what it believes to be the consistent threads running through fraudulent initial coin offering (ICO) schemes. The Bureau’s perspective was shared in an interview with Netherlands-based financial news site the Paypers on Feb. 19.

    According to the FBI, the key strategies of scam offerings include misrepresentations of their directors’ professional experience, an engineered false impression of how much traction the ICO has garnered in the industry, and unrealistic promises of prospective returns on tokens:

    “Like any investment product, rates of return can never be guaranteed and if it sounds too good to be true, it probably is.”

    The FBI warned investors to conduct due diligence on any scheme and the individuals behind it, and to be on the lookout for entities that appear to be exclusively internet-based, where a physical address or contact is hard or impossible to come by.

    The Bureau also suggested investors should be aware of which jurisdiction the offering is registered in — if at all — and to which laws and regulations it therefore falls subject to.

    The public can avail itself of the Financial Industry Regulatory Authority’s BrokerCheck system to verify the identities and registration status of entities, the FBI advised. Given that even well-known cryptocurrencies and products may carry heightened risks of volatility due to the nascent stature of the industry, the FBI advised prospective investors to only invest what they can afford to lose.

    In regard to legitimate business operators of platforms such as virtual currency exchanges or cryptocurrency ATMs, the FBI noted that both the Financial Crimes Enforcement Network and multiple Federal District Courts have deemed such entities as subject to registration requirements. Failure to duly register is thus reportedly deemed to be in violation of federal money transmitting laws.

    Looking ahead to the future, the FBI echoed the U.S. Securities and Exchange Commission (SEC)’s stance that a vast swathe of token offerings should be classified as securities and that, given the increasing proliferation of such assets — with many industry members anticipating a security token offering trend — investors should be wary of the heightened risks of fraud.

    As previously reported, the FBI accounted for the highest number of law enforcement information requests sent to Erik Voorhees’ Switzerland-based cryptocurrency exchange ShapeShift last year.

    In June 2018, the Bureau revealed it had 130 ongoing crypto-related cases, with dark web drug sales a particular concern. It nonetheless characterized the sector as accounting for merely “a small sliver” of the FBI’s activities overall.

    Last year, the SEC attempted to educate investors by creating a mock ICO website that lured visitors with a “too good to be true investment opportunity.” The site employed the red flags the agency claimed to have identified in the majority of fraudulent ICOs, and redirected those who attempted to purchase the ersatz tokens to an educationally-oriented page on the SEC’s site
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  •   Maria Kemenes commented on this post about 1 day ago
    Alleged Bitcoin Mining Scam Reported in Thailand


    Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reports on Feb. 18.

    Per the report, 30 people have filed a complaint with police, stating that they were fooled into an alleged investment scam called “CryptoMining.Farm.” This purportedly led the loss of 42 million baht ($1.34 million). Local authorities reportedly...
    Alleged Bitcoin Mining Scam Reported in Thailand


    Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reports on Feb. 18.

    Per the report, 30 people have filed a complaint with police, stating that they were fooled into an alleged investment scam called “CryptoMining.Farm.” This purportedly led the loss of 42 million baht ($1.34 million). Local authorities reportedly suspect that a total of 140 individuals were affected by the scam.

    CryptoMining.Farm, which has offices registered in both Bangkok and Chiang Mai, supposedly promised investors an annual return of 70 percent in addition to the option to withdraw their funds at any time with no conditions. The Bitcoin (BTC) mining contracts offered by the company reportedly ranged from three months to a lifetime.

    One affected individual told the Bangkok Post “But from August the owner began imposing conditions for withdrawing the money. Then at the start of this month, the site announced it would start paying back investors in 84 instalments — which would take over seven years to complete.” The source, which reportedly preferred to remain anonymous, said that the payments would also be made in foreign currencies, which is illegal under Thai law.

    The most recent allegations follow a well-publicized case from last year, in which a former soap opera actor Jiratpisit "Boom" Jaravijit and other suspects were accused of swindling $24 million worth of Bitcoin from 21-year-old Finnish investor Aamai Otava Saarimaa.

    The suspects, who were charged with conspiracy to defraud and money laundering, reportedly pleaded “not guilty” at a court in Bangkok in November 2018.

    Last May, a 100-section royal decree published in the Thai Royal Gazette, defined cryptocurrencies as “digital assets and digital tokens.” In November, Deputy Prime Minister Wissanu Krea-ngam called for more regulations on cryptocurrencies. Krea-ngam said that new guidelines must be introduced in order to keep up with evolving tactics and threats to consumer security.
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  •   oleksandr commented on this post about 5 days ago
    Fake Website Mimicking Bakkt Platform Fails to Scam Crypto Community


    A new Bitcoin (BTC) scam website representing digital assets platform Bakkt has appeared on the internet, with its domain “bakktplatform.io” registered on Jan. 31.

    The fake Bakkt website claims that the launch of the platform will take place on March 12, also offering investors a chance to participate in another funding round, accepting “investments” in Bitcoin.

    Citing official data from the genuine Bakkt blog, the fake...
    Fake Website Mimicking Bakkt Platform Fails to Scam Crypto Community


    A new Bitcoin (BTC) scam website representing digital assets platform Bakkt has appeared on the internet, with its domain “bakktplatform.io” registered on Jan. 31.

    The fake Bakkt website claims that the launch of the platform will take place on March 12, also offering investors a chance to participate in another funding round, accepting “investments” in Bitcoin.

    Citing official data from the genuine Bakkt blog, the fake website mentions that the upcoming digital asset platform had raised $182.5 million in the end of 2018, and announced a second investment round for “all interested investors who believe in the future of the cryptocurrency market.”

    Alleged scam Bakkt website, snapshot on Feb. 7

    Alleged scam Bakkt website, snapshot on Feb. 7. Source: WebArchive

    The new funding round, allegedly closing on Feb. 25, required just a name and email address to invest, and accepted Bitcoin only, providing a Bitcoin wallet address for “investment.”

    The new scam has evidently failed, with the Bitcoin address querying for investments accounting for zero transactions as of press time.

    Announced in August 2018 by the Intercontinental Exchange (ICE) — which operates 23 leading global exchanges including the the New York Stock Exchange (NYSE) — Bakkt previously targeted a launch in late January 2019.

    As ICE reported on the last day of 2018, the company was planning to provide an updated launch timeline in early 2019, but has not yet done so.

    In mid-January, Bakkt announced their first acquisition of certain assets in futures commission merchant Rosenthal Collins Group, noting however that they were slowing down operations amid the then-ongoing U.S. government shutdown, which may have caused a delay in gaining approval from regulators.

    At press time, the fake Bakkt website is included in the warning list of MetaMask, a browser extension for the Ethereum (ETH) network, but is still available. Currently, the home page of the website offers a download of an .exe application that claims to be a free trial allowing a “single point of access” to all futures markets of Intercontinental Exchange's (ICE).

    Bakkt has not responded to a request for comment by press time.
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  • Someone is (poorly) impersonating Bakkt to steal Bitcoin

    It is being reported by Coindesk that a website has popped up which claims to be for a "second round" of financing for the highly anticipated Bakkt Bitcoin futures exchange, and apparently there are emails being sent out directing investors to the site. However the entire effort is a clear scam and so far nobody is taking the bait, it seems.
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  •   Anton commented on this post about 2 weeks ago
    Charles Hoskinson: Cardano Classic - Scam.

    It looks like the eleventh largest cryptocurrency capitalization, Cardano has become a target for scammers. The Weiss rating agency and the co-founder of the cryptocurrency Cardano (ADA) warned users against a fraudulent coin of the same name - Cardano Classic.

    Charles Hoskinson has posted a warning on social networks. Turning to users Charles writes:

    "They (Cardano Classic) have nothing to do with our project, and if you give them money, you...
    Charles Hoskinson: Cardano Classic - Scam.

    It looks like the eleventh largest cryptocurrency capitalization, Cardano has become a target for scammers. The Weiss rating agency and the co-founder of the cryptocurrency Cardano (ADA) warned users against a fraudulent coin of the same name - Cardano Classic.

    Charles Hoskinson has posted a warning on social networks. Turning to users Charles writes:

    "They (Cardano Classic) have nothing to do with our project, and if you give them money, you will most likely lose them."

    In addition to Hoskinson, Weiss Ratings also warned users of fraudulent coins. There is no connection between Cardano and Cardano Classic, the name of the coin uses a marketing trick based on the authority of Cardano.

    Currently Cardano (ADA) is the eleventh cryptocurrency in terms of capitalization. According to CoinMarketCap, ADA holds the average market capitalization of $ 978 434 728.
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  •   Paska Krisztian commented on this post about 2 weeks ago
    Эти мошенники очень красиво привлекли к себе тысячи инвесторов . Я проработал с ними 4 месяца . Не потерял ничего , кроме драгоценного времени. Жаль , что МЫ с ВАМИ часто доверяем таким проходимцам !!!
      Reposted from Connal Hugh
    WESTLAND Storage - another SCAM hit. Website is down for a while now.
     https://www.westlandstorage.com/

    Forum:  https://bitcointalk.org/index.php?topic=4134320.40 ‏ — feeling annoyed
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  • ahmad reposted Anton 's photo
    Notice:
      Reposted from Anton
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  •   Paska Krisztian commented on this post about 2 weeks ago
    Report: Majority of $11.4 Million Stolen in 2018 Iota Token Heist Has Been Found


    A top member of the Germany-based Iota (IOTA) Foundation has said the majority of the ~$11 million alleged to have been stolen in a major Iota token heist last year has been found, Reuters reported Jan. 30.

    As reported, the suspected perpetrator of the heist was arrested earlier this month in Oxford, U.K., following a multilateral investigation by Europol, British and German police authorities.

    The...
    Report: Majority of $11.4 Million Stolen in 2018 Iota Token Heist Has Been Found


    A top member of the Germany-based Iota (IOTA) Foundation has said the majority of the ~$11 million alleged to have been stolen in a major Iota token heist last year has been found, Reuters reported Jan. 30.

    As reported, the suspected perpetrator of the heist was arrested earlier this month in Oxford, U.K., following a multilateral investigation by Europol, British and German police authorities.

    The investigation first launched early 2018, after multiple citizens had reported stolen funds to local German police. Over 85 victims of the theft have since been identified, with the total IOTA stolen estimated to be worth ~10 million euros (~$11.4 million).

    Dominik Schiener, Iota co-founder and co-chairman of its board, told Reuters that:

    “[f]rom what [the Foundation knows], just a small amount of the 10 million euros has not been found. The exchanges have blocked the hacker’s accounts. He tried to free the money, but he did not succeed.”

    The funds are reportedly now being held by law enforcement authorities to be used as evidence against the suspect. Schiener outlined that while investigators had initially thought the heist to have been perpetrated by an organized group, their trail led to the work of a single man, who reportedly “had a normal job and is well-educated.” His identity has not been disclosed.

    As previously reported, the hacker is alleged to have used a malicious Iota seed generator — found to have been hosted on the iotaseed.io domain, among other sites — to create seeds for users that would lead them to use private keys under his control. He is reported to have thereby secured access to victims’ wallets, and transferred their holdings to wallets he had created using fake IDs.

    German prosecutors first identified a man living in the U.K. last July as a possible suspect responsible for the fraud.

    Cointelegraph recently reported that cryptocurrency-related crime has caused an estimated $1.7 billion in investor losses in 2018. The report notes that nearly three times as much was stolen in crypto in the first half of the year compared to the entirety of 2017.

    A recent report from crypto analytics firm Chainalysis revealed that two hacker groups have received the majority of the money lost in cryptocurrency scams — reportedly totalling $1 billion in crypto.

    As Cointelegraph reported today, Jan. 31, Danish state-owned energy company Energinet has expanded its partnership with Iota to investigate use of its technology in new areas.
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  •   Paska Krisztian commented on this post about 2 weeks ago
    Stop Scams With Bitdepositary!!!

    The Bitdepositary mission is to eliminate scam ICOs and guide less experienced investors to make the right ICO Investment decisions. Its Salesforce integrated Blockchain platform allows users to vote for projects they believe in. Through a rigorous screening process and decentralized community voting system, Bitdepositary aims to enable inexperienced investors to access quality and promising ICO projects launched on its platform. The new generation platform...
    Stop Scams With Bitdepositary!!!

    The Bitdepositary mission is to eliminate scam ICOs and guide less experienced investors to make the right ICO Investment decisions. Its Salesforce integrated Blockchain platform allows users to vote for projects they believe in. Through a rigorous screening process and decentralized community voting system, Bitdepositary aims to enable inexperienced investors to access quality and promising ICO projects launched on its platform. The new generation platform will utilize the capabilities of blockchain and Salesforce technologies to create and maintain a legally compliant and ultra-secure ICO ecosystem. The results of the system include greater tax oversight and a reduction in token theft. Bitdepositary is also to incorporate a multi-wallet payment system and a cryptocurrency exchange, making ICO investments and trading easier, swifter, less expensive and far more secure. New ICO projects submitted to Bitdepositary will undergo a review process, wherein the BitTeam will analyze the project feasibility, development and sustainability. Approved projects will then be submitted to a panel of lawyers, tax experts, and industry experts to evaluate and document legal, tax and technical compliance, before the project is presented to the users for voting. “The panel vetting and user voting processes identify and remove ICOs that look suspicious or scammy, with the purpose of preventing loss of funds by investors. A community of participating users will vote for or against the project. Each vote will be weighted, awarded points based on the voter’s experience, investment returns, and reputation. In this way, we believe that new ICO participants will benefit from the knowledge of more experienced users and be likelier to avoid making wrong investment decisions and maximize their profits,” said Bitdepositary’s founder & CEO, Tobias Graf. The voting process works on a separate smart contract for all investors and users who vote for or against a project, rewarding them with a bonus for voting. Projects receiving 55% or more positive points will be launched on the Bitdepositary platform, with the project debut set for within 8 weeks after results. Projects with less than 55% positive points will not be permitted to go live and all funds, including any interest, will be refunded. If a project is launched but fails to obtain its softcap, the funds will be refunded to original contributors. Bitdepositary offers unique premium app features, such as a Multi-Wallet for Fiat and Cryptocurrencies or Credit Card payments: a securer way to invest in the most exciting, community validated ICO projects. TeamBit: TeamBit is an organisation composed of a team of experts, community leaders, accountants and legal advisors who serve the Bitdepositary Investor Community. Think of them as a council. The actions taken by TeamBit are intended to offer the investor greater protection against scams, token theft, and poor investment decisions. Bitdepositary’s aim is the creation of a self-invigilating, distributed marketplace that presents investors with only the most laudible and sustainable of ICO projects. About Bitdepositary, visit our website:  https://bitdepositary.io Read the Whitepaper:  https://bitdepositary.io/whitepaper.pdf Read the Onepager:  https://bitdepositary.io/onepager Contact the Founder: Tobias Graf [email protected]
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  •   aleksander tkachenko commented on this post about 2 weeks ago
    Two Alleged Ethereum ‘Scam Forks’ Appropriating Users’ Private Keys, Report Finds!!!

    This article has been updated to include comments from MyEtherWallet concerning the clone phishing site.

    Altcoins Ethereum Nowa (ETN) and Ethereum Classic Vision (ETCV) are reportedly appropriating the private keys of users trying to redeem their allegedly forked coins. The suspected scam was covered in a report sent to Cointelegraph by the Guarda Wallet development team on Jan. 11.

    The official website...
    Two Alleged Ethereum ‘Scam Forks’ Appropriating Users’ Private Keys, Report Finds!!!

    This article has been updated to include comments from MyEtherWallet concerning the clone phishing site.

    Altcoins Ethereum Nowa (ETN) and Ethereum Classic Vision (ETCV) are reportedly appropriating the private keys of users trying to redeem their allegedly forked coins. The suspected scam was covered in a report sent to Cointelegraph by the Guarda Wallet development team on Jan. 11.

    The official website of the Ethereum Nowa project — which doesn’t contain a white paper — describes the process that users are supposed to engage in to obtain ETN. According to the website, the user should first send ETH to an address, and then export the private key and redeem the cryptocurrency using the dedicated online tool.

    A user on Ethereum block explorer Etherscan has commented on the aforementioned address, asserting that the address is engaging in a “scam [hard] fork/airdrop” after warning “Don’t send anything here.” The tool to claim the coins appears to be a clone of the well-known online Ethereum (ETH) wallet MyEtherWallet (MEW), featuring the original logo, website title and page under a different domain.

    The main difference compared to the original MEW interface is that all the options that let the user chose how to access the wallet are greyed out, other than the one allowing the user to paste in their private key. Furthermore, some browsers flag the tool as a “Deceptive Site.”

    Kosala Hemachandra, the founder and CEO of MEW, commented to Cointelegraph that “the clone mentioned is a phishing site and has no relation to MEW. Our team worked with cyber-security firm Segasec to take it down on January 9."

    The Guarda Wallet team wrote that, analyzing the code, they found out that the private key is not only being processed by the tool, but also being sent to a remote server. According to the Guarda report, Ethereum Nowa “is a way for the thieves to get your private information and gain access to your wallet.”

    Ethereum Classic Vision’s hard fork, according to the project’s white paper, is happening today (Jan. 11) at 20:00 GMT. The website contains links to a downloadable Windows and Linux wallet alongside a web tool. Near the “Claim fork” button, the website states:

    “Regardless of which authorized wallet you use to hold your ETH, your free ETCV will be initially sent to the official Ethereum Classic Vision wallet. While we are currently in negotiations with a number of popular wallets, at the moment of the fork we will not be able to send ETCV to those wallets due to certain differences in the algorithms used.”

    The Guarda Wallet team noted that while this project looked more solid than ETN, after closer examination, they reportedly found that the ETCV team also appropriated the private keys of the users:

    “The analysis on the code performed by our team has shown that the piece of code provided actually sends your private key data on the Ethereum Classic Vision servers, masking it as an API token.”

    As Cointelegraph recently reported, a Maltese actor and two hosts of a local TV show have notified the police after a fake news piece indicated that they are involved in a Bitcoin investment scheme called Bitcoin Revolution.

    Furthermore, the same day, news broke that the Twitter account of a Belgian non-profit was evidently hacked and made into a fake affiliate account of United States crypto exchange Coinbase.
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  • syed reposted Connal Hugh 's post
      Reposted from Connal Hugh
    WESTLAND Storage - another SCAM hit. Website is down for a while now.
     https://www.westlandstorage.com/

    Forum:  https://bitcointalk.org/index.php?topic=4134320.40 ‏ — feeling annoyed
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