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OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull
9.10.2023
A former OpenSea employee has been accused of assisting the infamous AnubisDAO rug pull in 2021; however, some commentators have raised doubts
Certik Study: $332 Million Lost to Exploits, Hacks and Scams in September, More Than $1.3 Billion Lost in 2023
8.10.2023
In the month of September, digital assets worth approximately $332 million were siphoned from trading platforms via methods that include flash loan attacks, exit scams, and exploits. The value of digital assets stolen through exploits rose from $13.5 million in August to nearly $330 million...
Identity Verification Crucial to Preventing Crypto Scams, says Concordium Founder
6.10.2023
Concordium founder Lars Seier Christensen believes identity verification is essential in preventing cryptocurrency scams.
"To prevent scams, there has to be some level of identity verification, a means to verify that the parties involved in any given transactions are actually who they claim...
Galxe protocol experiences DNS attack, losses top $150,000 so far and still growing
6.10.2023
The Web3 platform’s website has been restored, but the company still warns against using it. The hack may be linked to September’s attack on Balancer
Scammer Makes Off Around $400K in 24 Hours by Targeting Friend.tech Users Through SIM Swapping Scams
5.10.2023
A hacker has stolen approximately $385,000 worth of digital assets in the past 24 hours by performing SIM-swapping attacks on friend.tech users.
In a recent post on X (formerly Twitter), blockchain sleuth ZachXBT revealed the scammer had pilfered 234 ETH over the past 24 hours by SIM-swapping...
Crypto Ponzi scheme AirBit: All but one exec now sentenced
4.10.2023
AirBit Club co-founder Dos Santos is now the last AirBit defendant not yet sentenced but is scheduled to learn his fate on Oct. 4, 2023
Tesla CEO Elon Musk Calls Fiat Currency a Scam
4.10.2023
Tesla and Spacex CEO Elon Musk believes that fiat currency is a scam that is so normalized that we don’t even realize that it’s a scam. Many people share a similar view, including Rich Dad Poor Dad author Robert Kiyosaki, who has frequently cautioned against investing in the U.S....
Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi
3.10.2023
The number of attack incidents increased to 76 in Q3 2023, compared to just 30 in the same quarter last year
Tom Hanks, MrBeast and other celebrities warn over AI deep fake scams
3.10.2023
Instances of celebrities and public figures continue to surface regarding AI deep fakes with their likeness circulating around the web promoting scams or products
Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report
2.10.2023
Private keys getting compromised took over $204 million across 14 security incidents in the third quarter of 2023
September becomes the biggest month for crypto exploits in 2023: CertiK
2.10.2023
The Mixin Network cross-chain protocol accounted for almost two-thirds of the crypto exploit losses in September
US Authorities Seize Crypto Linked to Pig-Butchering Scam Held at Binance
28.9.2023
U.S. authorities are seeking to recover cryptocurrencies linked to the popular pig-butchering crypto scam. “Law enforcement was able to trace cryptocurrency involved in the fraud and money laundering to two Binance accounts, where it was seized,” the United States Attorney’s...
Web3 Lost Over $890 Million to Hacks and Scams in Q3 2023: Boesin
27.9.2023
Beosin EagleEye platform, a subsidiary of Beosin, a blockchain security audit company, revealed in a research report that Web3 lost approximately $890 million to various security breaches, phishing scams, and rug pulls in the third quarter of 2023.
Breaking down the losses, it was revealed that...
Chase U.K. to Block Crypto Payments Citing Fraud, Scams
26.9.2023
Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets
BBB Warns of Rising Crypto Scams on Tiktok — ‘They May Resort to Scare Tactics’
26.9.2023
The U.S. Better Business Bureau (BBB) has issued a warning about a surge in “money-flipping” crypto investment scams on Tiktok. “They may ask for fees several times,” the BBB cautioned, adding that if you question them, “they may resort to scare tactics, telling...
Crypto firm claiming $1.4B in trades on CMC flashes reportedly fake license data
26.9.2023
A crypto exchange claiming $1.7 billion in daily trades, and reporting $1.4 billion on CMC, had been reportedly displaying false license data until it was checked by Estonian regulators
DraftKings' Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M
21.9.2023
The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings
Philippines SEC teams up with US counterpart to combat crypto fraud
20.9.2023
The Philippine SEC is now collaborating with the U.S. SEC and the Asian Development Bank to better combat crypto-related crime
Lawyer who laundered $400M from OneCoin scam denied new trial: Report
19.9.2023
A lawyer who laundered $400 million from the OneCoin scam has been denied a new trial despite arguing there were legal mistakes and false testimony in the original trial in 2019
Crypto Security Firm Certik Warns Over 40% of Telegram Bot Tokens May be Exit Scams
14.9.2023
Crypto security firm Certik has revealed that more than 40% of Telegram Bot tokens could be exit scams.
"Our analysis shows that over 40% of Telegram Bot tokens could be exit scams," the company said in a Wednesday tweet.
Certik pointed out that these tokens have witnessed an “astronomical...