Scams

Hackers Steal $32 Million In Ether Cryptocurrency Hack

With the growing popularity of cryptocurrencies, cyber criminals are becoming increasingly perceptive. Cybercrime is at an all-time high. Many cases go unreported, a few hundred dollars stolen doesn’t catch someone’s attention. However, one hacker has outdone himself by stealing over $30 million of Ether (ETH). Ether is one of the world’s most popular cryptocurrency, which …

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Bitcoin Ransomware Plagues Landscape

Bitcoin Ransomware Plagues Landscape Noone likes a shakedown. Rather, noone wants to be the target of a shakedown. However, where there’s a will theres a way. As the nature of crime evolves with the times, criminals are adopting Bitcoin as a payment receipt mechanism. Malware trojanhorse type programs such as CryptoLock and CryptoWall are some of …

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Bitfinex Update

Bitfinex Update Bitfinex appears to be back up as of right now, although with limited functionality. Trading, depositing, and withdrawing are temporarily disabled. Bitfinex states they will be enabling full platform functionality in the coming days. Nonfunctioning Exchange I’m curious to know just how much of our funds on the exchange at the time will be …

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Silk Road extortion Bitcoin Theft DEA

Corrupt DEA Agent Sentenced for Bitcoin Theft from Silk Road

Corruption Plagues Silk Road Trial Many know the Silk Road’s creator, Ross Ulbricht, is in jail, but what about the DEA agents? The Silk Road Scandal hasn’t Ended Almost 18 months of the site’s infamous closure, a DEA agent and a secret service agent were both arrested, facing charges for wire fraud – in relations to the Silk Road …

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Hollywood Hospital Targeted in Extortion Plot over Hacked File

Hollywood Presbyterian Medical Center; a Hollywood hospital, had its electronic patient records hacked and held hostage chose to give in to ransomer demands and pay $17,000 in bitcoin to retrieve the ransomed records. Hollywood Presbyterian Medical Center staff noticed issues accessing its computer network on Feb. 5. The price to regain access to the hospital files was …

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Cryptsy News: Exchange Compromised

Concerns Mount at Digital Currency Exchange Cryptsy Bitcoin and altcoin exchange Cryptsy (Project Investors, Inc.) is in serious trouble with multiple reports  indicate the exchange is not allowing its users access to their funds. Bitcoinist reported that the offices of Project Investors, Inc. one of the firms tied to the exchange is empty. The exchange claims in a …

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terabox.me scam bitcoin

Terabox.me Cloud Mining Certainly Scam?

2015: The Fall of Cloud Mining? Aside from a childish obsession with printing money, bitcoin mining is fascinating. Despite the collapse of many bitcoin mining companies in 2015, our interest in bitcoin cloud mining hasn’t faded. Many reputable companies, such as one we were looking to purchase from, Cointerra, filed for bankruptcy earlier this year. 2015 has been …

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How to: Invest in Bitcoin Ponzi Schemes

Bitcoin’s “Bad Press” The infamous Ponzi scheme has remained inseparable from Bitcoin. Although Bitcoin is having a tough time pulling away from its troubled past. It is quite apparent these operations have been associated with bitcoin since “the media” has started to cover it. The media continuously paints bitcoin’s bad news. Since the collapse of MtGox, public trust in the cryptocurrency has continued …

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Defunct: Cloud Hashing.com Review

Thoughts on Cloud Hashing According to their frontpage of their website they claim that their business is ”The Easiest Way to Earn Bitcoins”     On cloudhashing.com their website homepage their bio states they were founded in February 2013 to take out all the complexities of Mining Bitcoin. Cloudhashing claims they maintain great relationships with …

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Bitcoin Mining Scam: Butterfly Labs

ButterflyLabs is now under investigation by the FTC.   http://www.ftc.gov/system/files/documents/cases/140923utterflylabstro.pdf   I was always tempted to order the equipment from there many, many months ago. The allure factor was certainly present on a simple premise. Purchase a bitcoin miner then proceed to mine bitcoins with the miner and make more money mining the bitcoins than …

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