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

In a move to help unwary and unwitting investors to identify fraudulent activity associated with the Initial Coin Offerings, the U.S. Securities and Exchange Commission has launched a fake website with the would-be toke crowdsale campaign held by the fictitious travel company.

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

Trend Micro reported the malicious activity of a notorious Chrome extension that was upgraded to attack cryptocurrency exchanges and slave user machines for illicit cryptocurrency mining activity.

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30 April 2018 | Blockchain techs | Cryptocurrency | Financial fraud and hacking | News

A workshop on fraudulent schemes and scams practiced by con-artists in the cryptocurrency industry will be held by the Federal Trade Commission (FTC) this June. The event will attract various stakeholders across diverse spheres, including law enforcement, consumer protection groups and private business owners.

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