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Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams
3.6.2024
Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant increase from last year’s 553 notes worth...
Reports of ‘bleached’ counterfeit bills crop up across North America
13.5.2024
Dodgy dollars are appearing everywhere from Texas to Hawaii to Canada as fiat counterfeiting is seemingly making a comeback
Ethernity Switches to AI Enhanced Ethereum Layer 2 to Prevent Counterfeit Asset Trading
7.5.2024
Non-fungible token (NFT) platform Ethernity, said it has switched to a artificial intelligence enhanced Ethereum Layer 2 network with advanced capabilities allowing it to combat counterfeit asset trading.
The post Ethernity Switches to AI Enhanced Ethereum Layer 2 to Prevent Counterfeit Asset...
Chinese Authority Warns of Fake Digital Yuan App Scam
26.2.2024
Chinese Ministry of Industry and Information Technology cautions against counterfeit digital yuan apps as scam tactics evolve, urging the public to verify through official channels.
The post Chinese Authority Warns of Fake Digital Yuan App Scam appeared first on Cryptonews
Kaspersky Alerts Public About Mac Specific Malware Targeting Crypto Wallets
29.1.2024
Kaspersky, the cybersecurity firm based in Russia, has issued a public warning regarding a new malware strain that particularly targets Mac users, focusing on their crypto wallets. This malicious software, which infiltrates computers via counterfeit applications, sets up a backdoor aimed at bitcoin...
Scammers Banked $59 Million in Crypto Exploiting Google Ads
22.12.2023
Source: Adobe / zedtox Scammers have over the past nine months used a wallet-draining service named “MS Drainer” to siphon around $59 million worth of crypto from numerous victims, according to a recent report by blockchain security firm Scam Sniffer. The scam operated through Google...
Nigerian Central Bank Warns Counterfeiters as Residents Reportedly Grapple With Cash Shortages
13.12.2023
As Nigeria grapples with cash shortages, the country’s central bank warned of the presence of counterfeit, higher-denomination naira banknotes. The bank has urged members of the public to report anyone suspected of falsifying or counterfeiting the banknotes. Central Bank Collaborates With...
Counterfeit Ledger App Scams Crypto Users Out of Over $760K on Microsoft App Store
6.11.2023
According to onchain analyst Zachxbt, hackers got away with more than $768,000 after sneaking a counterfeit Ledger Live application into the Microsoft App Store. Out of the stolen stash, the attack netted over 16.8 bitcoins worth $588,000. Hackers Steal Over $760,000 in Crypto Through Fake Ledger...
Fake Wallet APP Downloads and Malicious Backdoors are Leading Causes of Crypto Loss: Bitrace
30.10.2023
One of the leading causes of loss of crypto assets is the download of fake wallet applications from search engines. Fraudsters take advantage of search engine optimization (SEO) and search engine marketing (SEM) techniques to promote phishing links that lead to counterfeit wallet apps with...
Police Seize 1,000 Cards In Pokémon Counterfeiting Bust
6.10.2023
The crackdown on counterfeit Pikachus and Charizards continues. Earlier this week, an investigation by police in Annaka City, Japan led them to a haul of 1,000 cards believed to be fake, including Pokémon trading card game products. The 21-year-old suspect they allegedly belonged to had been caught...
Counterfeit Aptos Token Deposited on Upbit Leads to APT Withdrawals Being Temporarily Suspended
25.9.2023
Exchange has resumed operations, but many are left wondering how such an issue will be prevented
Robert Kiyosaki Explains Why Investors Should Buy Silver — ‘Who Can’t Afford 1 Silver Coin’
27.8.2023
Rich Dad Poor Dad author Robert Kiyosaki has outlined the reasons why investors should consider purchasing silver. He emphasized that despite the affordability of silver coins, most people still prefer to “save counterfeit fake dollars.” Robert Kiyosaki Highlights Reasons to Buy Silver...
Paypal’s New Stablecoin Sparks Confusion: Wave of Counterfeit Tokens Flood Decentralized Exchanges
7.8.2023
Following the announcement by Paypal of the introduction of a novel stablecoin asset named PYUSD, a wave of counterfeit Paypal tokens has emerged on decentralized exchange (dex) platforms, including Uniswap. The absence of an official release of PYUSD’s token address by Paypal or Paxos...
Terra’s Do Kwon Receives 4-Month Jail Sentence in Montenegro for Counterfeit Passport Usage
19.6.2023
Montenegro’s court has determined that Do Kwon, the co-founder of Terraform Labs, is guilty of using a counterfeit Costa Rican passport. As a result, he has been sentenced to four months in jail for the offense. Do Kwon Sentenced to 122 Days in Prison, Defendant Has 8 Days to Appeal According...
Blockchain Anti-Counterfeiting Trials ‘Promising,’ EU Agency Says
16.6.2023
The European Union's intellectual property office EUIPO wants traders and customs authorities to use open-source tools to authenticate branded goods
Kaspersky Uncovers Counterfeit Trezor Wallets That Jeopardize Crypto Assets With Pre-Knowledge of Private Key
17.5.2023
Kaspersky, the multinational cybersecurity and anti-virus provider, made a startling revelation on May 10th. According to their report, a victim of a crypto hack had unwittingly purchased a counterfeit Trezor Model T from a “trusted seller through a popular classifieds website.”...
Tanzanian Central Bank Adopts ‘Phased and Risk-Based Approach to Adoption of CBDC’
17.1.2023
After months of research, the Tanzanian central bank announced recently that it had chosen a more cautious and risk-based approach towards the adoption of its central bank digital currency (CBDC). During the research phase, the central bank said it paid particular attention “to risks...
ARTIC Brings the Decentralized Approach to Art Galleries and Exhibitions via Its Meta-Exhibitions
1.4.2022
PRESS RELEASE. The ARTIC team is made up of highly skilled IT engineers, art consultants, designers, and various other professionals with an average of more than 20 years of experience in their respective disciplines. The ARTIC team intends to use blockchain technology to tackle contemporary...
Shop Owner Arrested After Selling A Fake Pokémon Card And Displaying Three Phony Games
24.2.2022
The proprietor of retro game shop Alive Yokkaichi Tokiwa Store in Mie, Japan was put into police custody for allegedly selling a fake Pokémon card for around 2,200 yen ($19). The store’s 48-year-old owner Yukinori Harada was arrested for allegedly violating Japanese copyright law. As you can see...
Counterfeit NFTs result in marketplace shutdown: Experts weigh in
15.2.2022
The NFT Platform famous for minting Jack Dorsey’s first tweet has halted NFT operations amidst counterfeiting and illicit activity calls