Massive Fake Celebrity-Endorsed Bitcoin Investment Campaign Duping Google, Fa...
A massive bitcoin ad scam campaign — which features celebrities and mainly targeted Australians — has been traced. The investigation’s findings point to a “highly organized” global business that relies on five addresses in Moscow’s center. Massive Bitcoin Ad Scam Campaign Traced to Russia According to The Guardian, the scam campaign’s magnitude has made it difficult for Google, Facebook, or Australia’s financial watchdogs to take down the thousands of ads deployed across the web. The ads often feature Australian celebrities like Dick Smith,....
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A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai about their measures against fake cryptocurrency apps appearing in the Apple App Store and the Google Play store. “Millions of Americans use mobile apps to invest in unregulated digital assets,” said Senator Sherrod Brown. “Reports have emerged of fake crypto apps that have scammed hundreds of investors.”
U.S. Senator Questions Chief Executives of Apple and Google on Fake Crypto Apps
Senator Sherrod Brown (D-OH), chairman of the Senate Committee on Banking,....
A new celebrity joins the Bitcoin enthusiasm. This time around, Maria Carey paired up with Gemini, the leading cryptocurrency platform funded by Tyler and Cameron Winklevoss, on a new campaign that aims to use her influence on women around the world to encourage their learning about the possibilities of crypto investment. Related Reading | Gemini […]
A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had contravened Nigeria’s anti-fraud laws and hence should be punished accordingly. Fake Cryptocurrency Investment Scheme A court in Nigeria has convicted a man accused of using a bogus cryptocurrency platform to defraud $680 from an unsuspecting investor, a report has said. In its ruling, the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission (EFCC) said the man,....
Some of the most common methods of duping crypto investors include false advertisements claiming to sell mining equipment and fake websites posing as crypto exchanges. Russian cybersecurity firm Kaspersky has detected more than 1,500 fraudulent entities targeting potential crypto investors and miners just in the first half of 2021. Kaspersky’s research shows that 0.60% of users from South African countries have already been targeted by malicious crypto miners. The report also suggests that the most common methods of duping unwary users involved false advertisements claiming to sell mining....
The fraudulent LocalBitcoins app has been removed from the Google Play app store. A fake LocalBitcoins app is being distributed on the Google Play store in a bid to steal user bitcoins. The Helsinki-based bitcoin exchange said that it has reached out to the app store to have the fraudulent app removed. LocalBitcoins staff said earlier today that upon download the fake app seeks "to get access to your account by having you activate HMAC authentication for your account". Five reviewers on the Google Play store posted claims that their bitcoins had been stolen as a result of downloading the....