Crypto Fraud Alert: Melbourne Man Gets Jail Time for Fake ID Exchange Scam — ...
In a landmark ruling, an Australian man has received a two-year prison term for committing identity theft and fraudulently setting up cryptocurrency exchange accounts. This case, adjudicated at the Melbourne County Court on June 17, underscores the increasing intersection of cybercrime and cryptocurrency in modern financial systems. Related Reading: Australian Goverment Bans Use Of Crypto […]
Related News
Seven executives of the collapsed South Korean scam cryptocurrency exchange, V Global, were recently handed lengthy jail sentences as punishment for their role in running one of the country’s biggest crypto frauds. Verdict Sets New Benchmark Seven former masterminds of the now-defunct scam crypto exchange, V Global, were recently given jail sentences for their part in misappropriating nearly $1.9 billion in investors’ funds. Lee Byung-gul, who was the CEO of the entity when the funds went missing, was handed a 22-year jail term while his accomplices were given jail sentences....
NatWest issued a crypto scam warning to mobile banking users after reportedly receiving a record number of complaints in Q1. The U.K bank with the worst record for dealing with scam complaints has issued a cryptocurrency scam alert. NatWest, which was rated as the worst U.K bank for accurately discerning legitimate fraud complaints in 2020, sent the warning to users of its mobile banking app after it reportedly received a record number of scam reports between January and March 2021. The warning made particular note of one type of scam which involves hackers installing remote access....
The latest Bitcoin scam involves fake porn virus alert that forces victims to buy freely available anti-virus software with Bitcoin. Porn is one of the widely searched content on internet. There are millions of adult websites – and many of them are known to host adware and other malicious codes. Scammers have taken advantage of this fact to convince people into sending them Bitcoin. The widespread scam is currently making rounds in Tasmania. According to news reports, scammers are sending fake pornographic virus alerts to unsuspecting computer users. The fake alert containing a....
The Bitcoin Foundation has issued a fraud alert over fake websites that are attempting to steal innocent visitors' bitcoin. The bitcoin advocacy organisation said in a statement that it knows of two cloned websites, bitcoincompensation.com and bitsecuretransfer.com, which are cloning the legitimate Bitcoin Foundation site and spoofing web addresses and domains. "Neither of these domains have anything to do with the Bitcoin Foundation," the foundation stressed. How the scam works. Bitcoiners are directed to a fake page that looks like the legitimate Bitcoin Foundation website, where they....
After a major leak of email and personal information earlier this year, Ledger customers are experiencing a surge in phishing attempts. Phishing attempts and scams against Ledger wallet owners are on the increase with one such scam netting more than 1,150,000 XRP from its victims. The scam used a phishing email that directed users to a fake version of the Ledger website that substituted a homoglyph in the URL — in this case a letter that looked like the letter ‘e’ but wasn’t. On the fake site, victims were fooled into downloading malware posing as a security update which drained the....