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Winner of Canadian Lottery Jackpot Says Impostors Using His Name to Steal Bitcoins
14.4.2023
The winner of the Canadian lottery, Scott Gurney, has confirmed that scammers impersonating him on Facebook have conned unsuspecting victims of their bitcoins. To counter the scammers, Gurney said he has stopped accepting or sending friend requests on the social networking platform. ‘Too Good...
Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine
6.1.2023
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed...
Twitter’s top brass gutted as Elon Musk’s takeover begins
28.10.2022
Some of Twitter’s C-suite has reportedly been flushed out by the company’s new owner with its CEO, CFO, and legal head all sacked on Elon Musk’s first day at the helm
Elon Musk Challenges Twitter’s CEO to Public Debate on Fake Accounts and Spam Bots
9.8.2022
Tesla and Spacex CEO Elon Musk has challenged Twitter’s CEO to a public debate over the platform’s fake accounts and spam bots. A recent poll conducted by Musk showed that nearly 65% of respondents do not believe that less than 5% of Twitter daily users are fake or spam. Musk...
Celsius warns community about fake accounts, pauses Twitter spaces and AMAs
21.6.2022
Celsius Network announced that there is an increase in fake accounts on social media and warned users to be more vigilant
Elon Musk Accuses Twitter of ‘Material Breach’ of Agreement — Threatens to End $44B Deal
7.6.2022
Tesla and Spacex CEO Elon Musk believes that Twitter is in material breach of the merger agreement with him, so he has the right to terminate the deal. The social media giant has refused to provide critical information relating to spam and fake accounts on its platform, Musk’s legal team...
Tesla CEO Elon Musk Reaffirms Dogecoin ‘Has Potential as a Currency’ as Twitter Deal Is Put on Hold
14.5.2022
Tesla and Spacex CEO Elon Musk says that dogecoin has potential as a currency. However, his Twitter buyout deal has been put on hold “pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” Elon Musk Says Dogecoin Has Potential as...
Criminals Target Privacy Coins: How To Avoid Downloading Fake Wallet Apps
4.9.2020
Reports in the past few weeks detail that bad actors are targeting two privacy coin projects, Monero and Zcash, adding to concerns about the growing rate of security incidents involving blockchain networks. Such incidents, as well the repeated 51% attacks on the Ethereum Classic network or...
Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers
23.2.2020
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money...
The Incredible Case of Quadriga: Fake Accounts and Lost Millions
20.6.2019
Failed Canadian exchange Quadriga CX was seemingly a fraudulent crypto exchange and does not even “provide any visibility into whether Quadriga was operating profitably or not”, according to the latest report from the QuadrigaCX CCAA (the Companies' Creditors Arrangement Act) monitor. And while...
QuadrigaCX Co-Founder Used User Deposits for His Own Trading, Created Fake Accounts
20.6.2019
The deceased owner of the now-defunct QuadrigaCX was transferring user funds off the exchange and using them as a security for his own margin trading on other platforms