Category: Scams

Elon Musk Crypto Giveaway Scams are Still Rampant

Even during this time of crisis and despair for many in the world, the scammers are still hard at work trying to swindle crypto from innocent victims.  If you remember during the crypto boom of 2018, the scammers used to go around twitter using misspelled @elonmusk accounts trying to scam victims into sending them crypto. After the hype died down, most of them crawled back into their caves. As the …
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SEC Creates Fake ICO Website to Scare Investors

The SEC has taken an extra creative step to ensure investors are aware of the dangers of initial coin offerings (ICOs). To make their point, the SEC has launched their own pretend ICO site to demonstrate what investors should look for when considering an investment. The pretend ICO site is called Howey Coin, which emulates what an actual initial coin offering website looking to take investments would look like. The …
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On a ‘Mining’ Mission to Destroy: What You Need to Know

The Hack Heard ‘Round The Net “I’m fairly knowledgeable in blockchain and have a lot of exposure in the space,” says Michael Fauscette, the chief research officer at G2 Crowd, a platform and community where people connect and share experiences about business software. Having spent over ten years as an executive and senior analyst at tech market research firm IDC, Fauscette, like countless others around the world, is no stranger …
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Social Media Platforms Address Crypto-Manipulation and Scams

The cryptocurrency phenomenon has led to numerous scams on social media platforms. Companies that are claiming “guaranteed investment” and “no risk of losing money” are taking you to be a crypto-fool. There is no such thing as a guaranteed investment. On its face, investment comes with the risk of losing money. So, how have these scams evolved? Empty Promises Initially, scammers would announce giveaways and contests, promising to send certain …
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