12 July 2018 | Blockchain techs | Cryptocurrency | Financial fraud and hacking | News

According to another study conducted by Satis Group, about 80% of all Initial Coin Offerings prove to be fraudulent in their nature. The researchers analyzed the state of the cryptocurrency environment, exploring the ‘platform networks’, or blockchains created on the top of existing architectures like Ethereum.

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29 June 2018 | Blockchain techs | Cryptocurrency | Financial fraud and hacking | News

According to the latest report made by Kaspersky Lab, cybercriminals are changing their attack schemes from ransomware to crypto-jacking, as the ransomware attacks are no longer viewed as profitable to them. Now the attackers practice installing crypto-mining malware to unwitting users, because, Kaspersky believes, it is more profitable in a long term than locking computers for further squeezing money out of the users.

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28 June 2018 | Blockchain techs | Cryptocurrency | Financial fraud and hacking | News

France follows the path of the Russian Federation and the United States as it seeks an extradition of Alexander Vinnik, accused of money laundering through infamous BTC-e digital exchange. Last July it was reported that U.S. Department of Justice sought for an indictment against Vinnik, as he allegedly provided support in laundering over 4 billion US dollars in bitcoin, including those profits generated through the Mt. Gox hacking attack.

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21 June 2018 | Blockchain techs | Cryptocurrency | Financial fraud and hacking | News

Bithumb, South Korean cryptocurrency exchange, made a statement this week, claiming that it may minimize the damages resulting from the cyber-attack committed earlier with the losses reportedly amounting to $31.5 million. The exchange noted that it may eventually bring the losses to a lower level.

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21 May 2018 | Blockchain techs | Cryptocurrency | Financial fraud and hacking | News

According to the latest report published by the Australian Competition and Consumer Commission, the volume of funds lost as a result of fraudulent activity associated with the cryptocurrency surged dramatically in 2017 with overall losses totaling $2.1 million for Australian customers.

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