Posts Tagged ‘scam’

ICO Scam Alert: “ZeroEdge” Is All Fake

According to an article by a guest author on The Merkle, Zerocoin project has all the indications of an ICO scam. The ‘About Us’ section on the website is empty and a “Coming soon” message also appears when visiting ‘News’ and ‘Investors’ pages. Zerocoin CEO Adrian Casey has a fresh Facebook profile created last year and claims to have worked at […]

The Anatomy of an ICO Scam

Denaro, a newly built payment platform aimed to connect cryptocurrencies and the mainstream market, described itself as a “versatile payment solution” that will allow users to spend, store, transfer their digital currencies via an “intuitive interface” and debit card. It also promised a “multi-cryptocurrency wallet” that will remove the need for multiple addresses and give […]

Researchers tap AI in the fight against ICO scams

There’s no definitive way to tell if an ICO is a scam, but a machine learning-based research method could make it easier to avoid the most obvious ones. A Chinese startup called Shannon.AI, working with researchers from Stanford, University of California Santa Barbara, and the University of Michigan, recently unveiled a white paper detailing an AI […]

Hackers are targeting DADI ICO investors with phishing emails

Concerned DADI ICO investors have reported that they are now being targeted in a co-ordinated phishing attack after the fledgling cryptocurrency startup failed to protect their credentials, including names and email addresses. The fraudulent phishing emails ask recipients to sign up for a malicious version of popular cryptocurrency wallet MyEtherWallet, designed to steal your data and private keys. What makes the […]

Cryptocurrency scammers run off with more than $2 million after ditching their investors

Scammers appear to have made off with more than $2 million in cryptocurrency after carrying out an apparent fake ICO, and the individuals linked to the incident may be connected to another recent theft. The ICO was for a supposed start-up called Giza, which claimed to be developing a super-secure device that would allow people to store cryptocurrencies. […]

Shady cryptocurrency touting Ryan Gosling as their designer raises $830K in ICO

A shifty cryptocurrency startup, Miroskii, which used a stock photo of Hollywood actor Ryan Gosling for the headshot of their lead graphic designer has managed to raise almost a million in an ICO. Its website reads that the company will offer users their “own decentralized bank” with support for credit and debit card providers like Visa, Mastercard, […]

Fake Website Scam Targets Aspiring Telegram ICO Investors

CoinDesk has reported that a newly-created website, hosted by the “Telegram Foundation,” is seeking funds for what it calls the “public ICO” for the Telegram TON token. Yet as reported by CoinDesk and other outlets, the sale has largely taken place behind closed doors, with the only publicly available information related to the offering coming in the shape […]

The Seven Key Signs of an ICO Scam

If you’re considering investing in an ICO, it’s critical that you perform your due diligence on the platform and ensure that it doesn’t present any fraudulent characteristics. CryptoSlate published a guide, in which Sam Town — a freelance journalist, digital nomad, and crypto enthusiast — broke down the seven most obvious red flags that an initial coin […]

Hackers Stole $50 Million in Cryptocurrency Using ‘Poison’ Google Ads

A Ukrainian hacker group dubbed Coinhoarder has stolen more than $50 million in cryptocurrency from users of, one of the most popular providers of digital currency wallets, according to a report published by Cisco’s Talos cybersecurity team. The report explains how thieves preyed upon their victims using a “very simple” yet treacherous technique: buying […]

$600 Fraud? Fake ICO White Papers Are Drawing Scrutiny

Months after China‘s clampdown on ICOs, professional copywriters are still offering white paper services that may include fabricating information, reports suggest. Undercover reporting conducted by China’s Beijing News reveals that ICO white paper copywriting costs $600, and also caters to those wanting to make false claims about a project’s credibility. “We can falsify the education and […]