Crypto News 

Malware, crypto scams, and boner pills: Facebook’s had enough

“The social media company most often associated with the abolition of privacy wants you to know that, if nothing else, it truly cares about your ad experience” writes Jack Morse for mashable.com. “The true landing pages will frequently include ads for deceptive diet pills and cryptocurrency investments and images of sexual content.”.  Source: mashable.com

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Cryptocurrency crime surges, losses hit $4.4 billion by end-September: CipherTrace report

“The report also showed that of the top 120 global crypto exchanges, 65% have weak know-your-customer (KYC) requirements” writes Midwest Communications Inc for 95kqds.com. Losses from digital currency crime soared to $4.4 billion in the first nine months of the year, up more than 150% from $1.7 billion in all of 2018.”The 150% increase in crypto theft and fraud reflects how criminals are adapting for bigger and better scores,” Dave Jevans, CipherTrace chief executive officer, told Reuters.”Not only have we seen more and more $100 million thefts and scams, those…

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Australian losses due to investment scams surpass $50m in first 10 months of 2019

“The bulk of investment scams are still focused on traditional investment markets like stocks, real estate or commodities” reports financefeeds.com. The risks of investment scams have been recently stressed by Scamwatch, as the body published a warning regarding get-rich-quick schemes.This compares to more than $31 million reported lost to investment scams in 2017.In 2018, Australians filed a total of 3,508 reports about investment scams and reported losses of $38.85 million.Last month, Australians reported $2.4 million lost due to investment fraud. Source: financefeeds.com

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Binary Options Scams Spread Into Crypto, Time for US Lawmakers to Act

“Already a high-risk investment strategy, binary options platforms are often based online and are hard to regulate” writes Henry Linver for cointelegraph.com. Giving any or all of these to fraudulent binary options platforms can allow malicious actors to steal your identity.In the last two months alone, the CFTC has clamped down on fraudulent binary options schemes operating in the U.S. worth over $15 million.The same is true for binary options trading.Unfortunately, navigating binary cryptocurrency options has proven easier said than done for many inexperienced investors. Source: cointelegraph.com

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India Arrests Three Involved in Potential Crypto Scam

“The scam potentially worked in three phases” writes Nick Marinoff for livebitcoinnews.com. Cryptocurrency scams just seem to be an everyday thing as of late, and the latest scam news involving digital money is arriving out of India.The situation involved an Instagram influencer persuading unsuspecting persons to invest all their money into various real-estate tokens.In addition, several crypto scams appear to be making their way into countries like Brazil. Source: livebitcoinnews.com

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Know the rules, and beware of scams, before trying to settle bad debts | Your Funds

“Millions of Americans are behind on debts, making debt settlement and debt consolidation big business” writes Syndicated Columnist for seattletimes.com. If a debt-settlement firm recommends that you stop making all payments and let accounts become further delinquent, be nervous and skeptical.Here are some things to learn: • What are the firm’s minimum debt requirements, and do your debts qualify for help?. Debt consolidation, typically, involves using personal installment loans to pay credit-card debts and get a handle on them in one place.If your debts are the result of a medical…

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Twitter’s #CashAppFriday hashtag is filled with scammers

“Additionally, Cash App currently has only two official Twitter accounts, @cashapp and @cashsupport, both of which have blue, verified checkmarks” writes October Pst for digitaltrends.com. Cash App added, “As a reminder, the Cash App team will never ask customers to send them money, nor will they solicit a customer’s PIN or sign-in code outside of the app.Narang told Digital Trends that scammers make a fake Twitter account claiming they are Cash App or that they work for Cash App and direct message users who are using the hashtag.A new study…

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