Back to All Events

Crypto Fraud 101

  • Starfish Mission 1535 Mission Street San Francisco, CA, 94103 United States (map)

According to Bitcoin.com, it's estimated that $9 - 23 Million dollars are stolen every day in 2018 alone. Visa, Mastercard, and American Express have and are successfully dealing with fraud at scale. For Blockchain and DAG powered companies to rival credit card companies, they will need to solve their biggest threat, FRAUD.

We will discuss the following fraud, phishing attacks, exit scams, and hacks:

1. Bee Token Phishing attack
2. My Ether Wallet DNS Hack
3. Verge's three 51% Attacks
4. Bitconnect's Exit Scam
5. Coincheck/NEM Hack
6. The DAO Hack
7. Ethereum's Parity Wallet Hack

Also, we will discuss ways to protect yourself from common crypto scams and hacks.

Articles to read beforehand:

1. Bee Token Phishing Attack - https://www.zdnet.com/article/bee-token-ico-participants-lose-1-million-to-phishing-scam/

2. MyEtherWallet DNS Hack - https://www.youtube.com/watch?v=RJdIIWPu8s4

3. 51% Attacks Explained - https://www.youtube.com/watch?v=7GExhA527oM

4. Bitconnect Shuts Down -https://techcrunch.com/2018/01/16/bitconnect-which-has-been-accused-of-running-a-ponzi-scheme-shuts-

5. Story of Coincheck - https://cointelegraph.com/news/story-of-coincheck-how-to-rebound-after-the-biggest-theft-in-the-history-of-the-world

6. The Ether Thief - https://www.bloomberg.com/features/2017-the-ether-thief/

7. Someone ‘Accidentally’ Locked Away $150M Worth-https://motherboard.vice.com/en_us/article/ywbqmg/parity-multi-signature-wallet-vulnerability-300-million-hard-fork

8. $9 Million lost daily - https://news.bitcoin.com/9-million-day-lost-cryptocurrency-scams/