Crypto Fraud

Cryptocurrencies have taken the world by storm, with their values skyrocketing over the past years. Unfortunately, this has led to a huge rush of investors ignoring how to recognize a pump-and-dump operation. As a result, many people have lost money by investing in fraudulent schemes. This guide will teach you how to identify a pump-and-dump scheme and protect yourself from becoming a victim. We will also provide tips for spotting legitimate cryptocurrency investments and advise you on staying informed about…

Most crypto-assets can revolutionize money transfers and global payments' efficiency. However, some of their features heighten terrorist financing and money laundering risks. The scale of the illegal use of crypto funds is significant. Above all, it emphasizes the need for CFT/AML supervision and regulation. In 2019, about $11 billion (1.1%) of all cryptocurrency transactions were linked to criminal-related activities. As a result, regulators worldwide responsible for Anti-money laundering enforcement have investigated illegal activities involving crypto assets. Regulation will be vital…

The Austrian Financial Market Authority (FMA), an independent and autonomous body responsible for the country's financial services industry's supervision and regulation, has recently noticed an increase in the number of crypto-related frauds in the country. Crypto Scams Surges According to a recent Bloomberg report, the financial regulator stated that the number of whistle-blower reports regarding fraudulent activities in 2020 had skyrocketed. While some of these reports also involved traditional investment assets like stocks and gold, the FMA noted that most…