Trump Says OK to Task Force Created to Aid with Crypto Fraud

Trump crypto fraud task force

Trump crypto fraud task force: Earlier this year, the United States government revealed that it was looking at cryptocurrencies, with a particular focus on market fraud, and that it was developing a “comprehensive” strategy around virtual currencies.

Now in the second half of the year, the US government is diving even further into the crypto industry. On Wednesday, July 11th, President Donald Trump signed an executive order, giving officials the final go-ahead they needed to create a consumer fraud task force.

Further, alongside targeting other areas, the new Trump task force will cast a ...

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New Malware MEWKit Can Hack Myetherwallet

MEWKit

According to security research firm RiskIQ, a criminal group planned a phishing attack using a malware called MEWKit.

A Phishing Attack Program Called MEWKit

This new type of phishing crime is called MEWKit. This kind of program will steal money from the victim’s wallet through a front-end program that mimics the MyEtherWallet.

According to security researchers, criminals using MEWKit will also use fake web pages to obtain the details of their users’ personal information and use this information to make automatic transfers. According to reports, once the victims decrypt their wallets, the criminals immediately ...

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UpBit Crypto Exchange Found NOT Guilty in Audit – Stop The FUD

Update:

The Korean News Source, Money Today, just announced that the Korean cryptocurrency exchange UpBit, was found not guilty of fraud.

The article reads:

“Since early 2018, UPbit created snapshots of its multi-signature wallets and funds stored within them for auditing purposes. Yoojin accounting firm, a major accounting firm based in Seoul, confirmed that all of the funds on the UPbit platform match the cryptocurrency holdings of UPbit stored in its multi-signature wallets,”

News has been buzzing around Twitter as the news begins to drip out.

Korea/Upbit: No ...

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LeadInvest.net Bust, Texas Regulators Crack Down on Crypto Scam

crypto scam

Yesterday, an immediate cease and desist was ordered by the Texas State Securities Board to the website leadinvest.net. The board is citing that the company has failed to disclose the appropriate information in regards to its cryptocurrency mining, and it’s cryptocurrency specialists in the company. The company is also being accused of selling fraudulent unlicensed securities. You can view the full order here: Cease and Desist Order

The order against Leadinvest.net is primarily focused on the website’s management team and the photos that represent the team on its website.

Source: CoinTelegraph

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