#fraud

florida_ted@diasp.org

Cryptocurrency scam in the news

  • The U.S. Justice Department will sell off $56 million worth of cryptocurrency it seized as part of a massive Ponzi scheme case against a man who promoted the crypto lending program BitConnect.

  • The BitConnect scam is alleged to have swindled thousands of people in the U.S. and abroad out of more than $2 billion worth of bitcoin.

  • The Securities and Exchange Commission in September sued BitConnect, its founder Satish Kumbhani and Glenn Arcaro, who was the lead promoter of BitConnect in the United States.

#BitConnect #fraud #cryptocurrency #scam #Ponzi

https://www.cnbc.com/2021/11/16/us-selling-seized-cryptocurrency-in-bitconnect-fraud-case.html

sylviaj@joindiaspora.com
florida_ted@diasp.org

Be careful when using any social media

Social media is a perfect way for scammers to reach a lot of people, and we often see them using this to round up victims. There are many kinds of Bitcoin scams to be found on YouTube, Twitter, and other platforms. And along with Tech Support scams, Ponzi schemes, misinformation, and many phishing attempts, you can find every kind of scammer on social media without having to look very hard.

#privacy #security #online #personal #data #scam #fraud

https://blog.malwarebytes.com/how-tos-2/2021/10/how-social-media-mistakes-can-impact-cybersecurity/