Why Criminals Shouldn’t Use Bitcoin for Illegal Activities
Ever since its birth in 2008, bitcoin has been involved in various hacking attacks, data breaches and illegal activities. From 2014 to 2015, the number of hacking groups and …
Category: Fraud
Cryptsy served us a Cease and Desist when we tried warning users of problems
Back in October, 2015 when the public was still unaware of Cryptsy’s underlying problems we wrote an article warning users of depositing funds to Cryptsy because they might face …
iGot Exchange – Scam Alert
igot.com is an Australian Bitcoin Exchange. Its owner is Rick Day and back in February we published an interview with the owner of the exchange. Interestingly enough, before the interview …
Unetenet Busted: 20 Arrested in Pyramid Scheme
On July 16th, 20 individuals were arrested by Spanish police. The arrests took place primarily in Madrid, as well as other areas throughout the country. These individuals were arrested …
Silk Road undercover agent on trial for stealing Bitcoin
We’re all aware of the fact that not all agents, detectives and prosecutors are just. Chances are that you’ve already heard about the Silk Road investigation, upon one of …
Josh Garza, CEO Of Crippled GAW Sets Out On Another Business Venture …
April 30, 2015
Fraud
Josh Garza the head of many criminal organizations, also known to be one of the biggest criminals in the Bitcoin Sphere has been accused of perpetrating another scam/fraudulent business. …
BTCLowen – Another Dodgy Site Claiming to Buy Bitcoin At Premium Rates
A few weeks ago, we briefly discussed a service called My Wallet Ltd., a UK-based company looking to buy all of your Bitcoin at a 10% above-the-market premium rate. …
My Wallet Ltd Buys Bitcoin Above Market Price
Have you always felt like you could’ve squeezed a tiny bit more money out of selling your Bitcoins to an exchange? Or maybe you have participated in a LocalBitcoins …
BTC-Flow : The Bitcoin Faucet Ponzi Scheme
When it comes to Bitcoin and digital currency – similar to more traditional fiat currency for that matter – one of the main concerns is the potential to get …