Issuing fraudulent investments is the latest cyber security risk to the cryptocurrency ecosystem

Colleagues, the US Texas Securities Commission has issued cease and desist orders against three offshore entities suspected of issuing fraudulent cryptocurrency investment schemes. The orders target Ultimate Assets LLC, DigitalBank Ltd. and Coins Miner Investment Ltd.  All three entities purport to represent Coinbase, a prominent U.S. crypto exchange. The charges stem from crypto and forex trading services, false claims of meeting with the president of Ripple and soliciting funds to develop a claimed secure crypto wallet. Bottom line: The global crypto ecosystem is under siege from cyber criminals on all fronts. The three firms identified above a just the latest in a long list of bad actors targeting crypto investors, wallets, exchanges and underlying Blockchain technology. The most common motive across these nefarious actions is financial gain. We have and will continue to warn legitimate players in the crypto ecosystem to take major security and human factors measures to protect their business concerns. Send a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)