scam

An advance-fee scam is a form of fraud and one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster requires in order to obtain the large sum.

(source: en.wikipedia.org)

Bitcoin Daily: FBI Says Nigerian BEC Scam Netted Millions With Some Converted To Bitcoin
Bitcoin Daily: FBI Says Nigerian BEC Scam Netted Millions With Some Converted To Bitcoin
July 13, 2020  |  Bitcoin

Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S....

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Fraud Detection Platform NS8 Raises $123M In Series A
Fraud Detection Platform NS8 Raises $123M In Series A
June 11, 2020  |  Investments

Fraud detection software platform NS8 has closed a Series A funding round for $123 million, led by Lightspeed Venture Partners, a press release states. There...

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Group Hits 3 Universities, Demands Bitcoin Payments
Group Hits 3 Universities, Demands Bitcoin Payments
June 04, 2020  |  Fraud Attack

Three U.S. universities have been the victims of ransomware attacks in the past week, according to Cointelegraph. The information comes from a ransomware gang, boasting...

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Unemployment Fraud In Michigan Could Bump Legit Jobless Claims
Unemployment Fraud In Michigan Could Bump Legit Jobless Claims
May 29, 2020  |  Security & Fraud

Unemployed Michigan residents ought to be wary of a scam in which fraudsters are using stolen personal information to apply for unemployment benefits, according to...

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WA Man Charged With Seeking $1.5M In PPP Loans For Fake Companies
WA Man Charged With Seeking $1.5M In PPP Loans For Fake Companies
May 25, 2020  |  Security & Fraud

A 35-year-old Washington State resident is charged with allegedly attempting to defraud the Paycheck Protection Program (PPP) by requesting loans for companies and employees that...

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Bitcoin Daily: FTC Warns Of Email Scams Demanding Bitcoin; Lawmakers Urge Treasury To Use DLT To Track Relief Programs
Bitcoin Daily: FTC Warns Of Email Scams Demanding Bitcoin; Lawmakers Urge Treasury To Use DLT...
April 30, 2020  |  Bitcoin

Bitcoin blackmail scams are on the rise, according to the Federal Trade Commission (FTC). The scams are usually centered around emails claiming to have recorded...

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Bitcoin Daily: Andreessen Horowitz To Start $450M Crypto Fund; FBI Warns Of Virus Crypto Scams
Bitcoin Daily: Andreessen Horowitz To Start $450M Crypto Fund; FBI Warns Of Virus Crypto Scams
April 15, 2020  |  Bitcoin

Andreessen Horowitz is aiming to start a new cryptocurrency investment fund and to get $450 million for that endeavor, even as the global pandemic spooks...

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Hacker Hits Italy-Owned Bank’s Emails, Data Breach Unknown
Hacker Hits Italy-Owned Bank’s Emails, Data Breach Unknown
April 12, 2020  |  Security & Fraud

Italian bank Monte dei Paschi was the victim of a hacking attempt, according to a notice seen by reporters recently, Reuters reported. The state-owned bank...

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China’s Olympic Committee Sounds Alarm On Potential Blockchain Fraud
China’s Olympic Committee Sounds Alarm On Potential Blockchain Fraud
April 09, 2020  |  Security & Fraud

The 2020 Summer Olympics, which were to take place in Tokyo, have been rescheduled for 2021 as the spread of the coronavirus leaps over international...

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