Criminals are still drawn to Bitcoin. The world’s leading cryptocurrency lacks anonymity and privacy. Even so, it is often used as a tool to hide monetary transactions. The first six months of 2019 have been rather telling in this regard. Over $4bn worth of Bitcoin has been stolen from investors during this period alone.
Criminals Want Your Bitcoin
It is a well-known fact that Bitcoin is often associated with criminal activity.
New technologies are often both a blessing and a curse. Artificial intelligence is shaping up to be no different in that regard. Criminals are now using AI and voice technology for monetary purposes. The rise of voice fraud should not be underestimated, as it can hit any company around the world in the future.
Abusing AI and Voice Technology
It is evident that there are many possible use cases for artificial intelligence.
Cryptocurrency scams have always been successful ever since this industry was created. Even in 2019, there are multiple successful scams which cost people a lot of good money. In Israel, one scammer successfully stole $1.7m spanning various cryptocurrencies by primarily targeting users in Western Europe.
The Israeli Crypto Scammer
It would appear Israel has become a prominent region for cryptocurrency in recent years.
This article was originally published by 8btc and written by Vincent He.
Nearly 100 victims from various parts of China have reported to the Hangzhou police bureau, claiming that they were deceived by two young men, named Zhou Yi and Li Xiang, who allegedly stole nearly 7,000 bitcoin through exchanging or borrowing.
On March 21, 2019, Dutch news outlet NL Times reported that “Berry van M.,” a 33-year-old Dutch businessman and the operator of now-defunct trading platform Koinz Trading, has been arrested on charges of deceiving investors with a bogus bitcoin mining scheme.
The report claims that van M. was the director of companies that sold “computers for mining Bitcoin” since 2017 and that he “managed the computers in a so-called ‘mining farm.
The CEO of AriseBank has pleaded guilty to scamming $4.
A South Korean ICO has defrauded its private sale investors out of roughly 13,500 ETH ($2.8 million) before disappearing from the internet entirely.
Pure Bit, which has already pulled the plug on its website, has apparently conducted a fairly routine exit scam for its Pure Coin token sale. The cryptocurrency was pitched as an exchange token for Pure Bit, an exchange that was supposed to launch by the end of the month.
Even though the cryptocurrency industry continues to grow and expand, some key problems persist. Oyster has been an interesting example in this regard, as this exit scamming project is still going through a hefty price increase. That isn’t abnormal by any means, but one has to keep in mind investing in PRL right now will result in a guaranteed net loss.
Oyster Price Pump is Fake
Although there is still some interest in Oyster despite the alleged exit scam, it is not necessarily for the reasons most people would expect.
Мы уже привыкли к тому, что мошенники в криптовалютном пространстве встречаются гораздо чаще, чем хотелось бы. Тем не менее новый вид мошенничества в индустрии перевернул всё с ног на голову. В схеме типа honeypot целью становятся сами любители лёгкой наживы.
Криптовалютный стартап собрал в ходе ICO почти миллион долларов, при этом даже не удосужившись подобрать реальные фотографии членов команды. Так, вместо фото «опытного графического дизайнера» Кевина Беланджера на сайт поставили снимок голливудского актера Райана Гослинга.
A bitcoin gold (BTG) wallet scam recently managed to net over $3.2 million after taking advantage of bitcoin users looking to claim their BTG tokens. A link to the fraudulent MyBTGWallet was, before the scam came to light, placed on bitcoin gold’s website, but was quickly removed once users started noticing their balances were missing.
According to various reports, the website containing the fake wallet essentially encouraged users to upload their private keys or recovery seeds to claim their bitcoin gold, as an archived screenshot of the webpage shows.
Seven individuals in the South Korean province of Jeonbuk have been arrested for running a large-scale $38 million scam, alluring middle-aged investors into a ponzi scheme.
The group targeted new investors in the cryptocurrency market that had no underlying knowledge or understanding of bitcoin or other cryptocurrencies. It promised investors to pay out 180 percent in profit on a regular basis, if they invest using bitcoin.