The Federal Trade Commission (FTC) issued a scam alert this week notifying consumers that it has received an up-tick in complaints that scammers are calling consumers claiming they are from the Social Security Administration.

The scammers tell the individual that there has been a computer problem at the Social Security Administration and that they need

In the latest example of security risks attendant to initial coin offerings (ICOs), on August 21st the blockchain startup Enigma reported that online scammers used fake solicitations for an ICO presale to steal approximately $500,000 in ether (a virtual currency) from investors.

Enigma is a blockchain startup incubated at MIT Media Lab that is in the process of rolling out its first product, known as Catalyst. Catalyst is described as a platform providing data sets and developmental tools specifically geared for hedge funds focused on cryptocurrency markets. Enigma’s funding was to be derived, in part, from a planned a token sale on September 11, 2017, with a goal of raising $20 million worth of ether.  
Continue Reading Scammers Strike Enigma Initial Coin Offering