Posts Tagged ‘scam’

BrandShield Launches Blockchain-Based Anti-Scam Platform MyShield

BrandShield, an AI-powered cyber intelligence company fighting online brand abuse, has launched MyShield, its anti-scam platform combining the power of AI with blockchain technology. Previously, the only types of cybersecurity have been anti-virus and anti-spam, but now BrandShield is developing the so-called anti-scam model. With MyShield, the accreditation of the industry is placed back into […]

Mayweather ICO Founders Knocked Out by SEC for Fraud

The US Securities Exchange Commission’s new Cyber Unit task force has taken down boxing great Floyd Mayweather’s sponsor, Centra Tech. The Florida based company that claimed to be “creating a world connected to cryptocurrency” through their products has been charged with violating the anti-fraud and registration provisions of federal securities laws. The charges were brought when the SEC […]

Scammer Miserably Fails to Steal Bitcoin from ICO Team

Some criminals are shifting their attention from potential investors to the people organizing these crowdsales. It’s a very peculiar trend, although it seems there is still a lot of work to be done until people actually fall for these scammy tactics. Instead of hacking a website, sending out a phishing email, or simply creating a […]

Researchers Claim 81 Percent Of ICOs During The Past Year Were Total Scams

According to a recent research by Statis Group, roughly 81 percent of all ICOs in the past year have been outright scams, 6 percent of ICOs outright failed, 5 percent were said to have “Gone Dead”, and just 8 percent actually graduated to be trading on an exchange. Of the 8 percent that made it to […]

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, […]