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In the Wild West of cryptocurrency, the crossover between legitimate business and scam is sometimes too close to call.
A major bank has issued a warning about crypto investment scams, with victims standing to lose more than £10,000 on average and young adults often being particularly at risk.
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
Pages in category "Cryptocurrency scams". The following 13 pages are in this category, out of 13 total. This list may not reflect recent changes .
Carding is a term of the trafficking and unauthorized use of credit cards. [1] The stolen credit cards or credit card numbers are then used to buy prepaid gift cards to cover up the tracks. [2] Activities also encompass exploitation of personal data, [3] and money laundering techniques. [4] Modern carding sites have been described as full ...
California Department of Financial Protection and Innovation launched Crypto Scam Tracker.
The Immunefi Crypto Losses 2022 Report lists industry losses from frauds and hacking as a combined total of US$3.9 billion for the year, and at US$8 billion for 2021. Notable thefts. In 2018, around US$1.7 billion in cryptocurrency was lost to scams, theft and fraud. In the first quarter of 2019, the amount of such losses rose to US$1.2 billion.
Ransomware is a type of cryptovirological malware that permanently blocks access to the victim's personal data unless a ransom is paid. While some simple ransomware may lock the system without damaging any files, more advanced malware uses a technique called cryptoviral extortion.