Crypto Watch Sunday is back in a new episode to help you look back to the happenings or stories linked to the rising blockchain market. Right now, digital coins are experiencing rising and falling values. 

Despite their uncertainty, many young and experienced investors are becoming more interested in Bitcoin, Ethereum, and other crypto brands. 

But, we will not focus on their actual trends. Instead, we will look back to the rising security issues in the blockchain industry. As of the moment, various cybercriminals and other online attackers are trying to victimize many people across the globe. 

Here are some of the stories you might have missed for the past few days. 

Crypto Scam: Amazon Accounts Now Targeted and More!

TechTimes recently reported that a crypto scammer was using an Amazon account of someone else to mine digital coins. However, after the victim discovered the malicious activity, the hacker already stole a total of $45,000. 

Also Read: Cryptocurrency Misconceptions You Should NEVER Believe

Security experts confirmed that the threat actor used a very simple method to victimize the Amazon consumer. The hacker relied on installing a mining script, which ran on AWS Lambda's platform. 

This technique allowed the scammer to run multiple Lambda instances. After that, the cybercriminal used them to maximize crypto harvesting using an Amazon account belonging to Jonny Platt, the founder of SEO Scout. 

Right now, scammers are starting to focus on conduction crypto-related malicious campaigns. Aside from becoming a victim, there are also other reasons why crypto investors need to worry about being attacked by hackers and other online attackers.

One of these reasons is FCA (Financial Conduct Authority) Chief Nikhil Rathi's announcement regarding crypto scam victims. In his recent statement, he explained that blockchain scam victims should not expect any government compensation from the U.K. You can view this link to see more details.  

Even Crypto Ads Pose Risks 

Aside from scammers, blockchain investors also need to be careful about believing in crypto ads. According to TechTimes' recent report, the U.K. advertising watchdog claimed that crypto ads mislead consumers. 

Because of this, the Advertising Standards Authority decided to ban the crypto advertisements of various companies, such as eToro, Payward, Coinbase, Coinburp, and other blockchain businesses. 

For more news updates about cryptocurrency and other related topics, always keep your tabs open here at TechTimes.  

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Written by: Griffin Davis