National Police in Spain Warn of Surge in Cryptocurrency-Related Scams
The National Police have issued a warning for a wave of cryptocurrency-related investment scams in Spain. The amount that has been lost in these kinds of investments recently is €240,000 related to just two complaints. However, there has been a rise in the complaints presented by citizens due to the popularity that these financial instruments are experiencing now. National Police Warn About Crypto Scams in Spain The National Police of Spain has issued a warning to citizens about the rise of cryptocurrency-related scams in the last few days. In the two more recent....
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Spain has not been a stranger to the popularity of cryptocurrencies, and with this popularity, also comes the attention of people and organizations wanting to capitalize on the subject. Spanish tribunals have been flooded lately with lawsuits involving cryptocurrency scams related to bitcoin and ethereum based platforms, and the people using these to scam other users for millions of euros. Cryptocurrency-Related Scams Flood Tribunals in Spain Tribunals from Spain are now being flooded with cryptocurrency scam-related cases, that are affecting thousands of citizens, according to local....
The increasing reports of Bitcoin fraud and scams have forced a Canadian police department to issue a warning. The performance of Bitcoin has been really great for the past few months. The digital currency reached an all-time high recently before recording a sharp decline this weekend. The increased Bitcoin price followed by speculations of further rise has led to an increase in the number of fraudulent investment schemes and scams. The rise in Bitcoin-related frauds has forced the Canadian Police to warn the country’s population. The Durham Regional Police issued the warning following....
The Department of the Interior of Uruguay is taking steps to warn users about the danger they face when investing in certain crypto projects that could be scams. The campaign is called “Fake Coins: Cryptocurrency Scams” and seeks to educate the population about the most common kinds of crypto scams.
Uruguay Educates on Crypto-Related Scams
More and more government bodies are becoming aware of how some parties are using crypto to execute different kinds of scams, and also more of these institutions are working to educate citizens on this fact. The Ministry of the....
Spanish police have seized six bitcoin mines that were allegedly in use by a criminal network involved in the illegal distribution of pay-TV channels in Spain. A joint investigation by the Spanish National Police and Tax Authorities with the support of Europol and local German police saw the crackdown of a criminal network making proceeds from the illegal distribution of pay-TV channels in Spain, Reuters reported. The bitcoin mines were put together to launder the proceeds of the illegal pay-TV distribution scheme, allegedly. Spanish police also revealed that the mining operation was....
Sunacrip, the Venezuelan cryptocurrency watchdog, and the Intelligence Police (CICPC) issued a warning for the general population about cryptocurrency scams. The institutions gave a series of recommendations to avoid being scammed by cryptocurrency Ponzi schemes involving the national cryptocurrency, petro (PTR), advising users to always keep their accounts’ passwords secure. This is the government’s answer to a series of crypto scams that have been happening in the country in the last few days.
Venezuelan Regulator and Intelligence Police Warn Users
The....