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Chainalysis: Illicit Crypto Activity Falls — Scam Revenue 65% Lower Than Last Year
18.8.2022
Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year. “Those numbers suggest that fewer people than ever are falling for cryptocurrency scams,”...
Aurora Labs exec details 'fascinating and devious' crypto scam he almost fell for
8.8.2022
A sharp-eyed escrow agent and a screenshot saved Aurora Labs' head of product Matt Henderson from losing his tokens to scammers
Pakistani Politician Imran Khan’s Instagram Account Used to Promote Crypto Giveaway Scam
2.8.2022
Imran Khan, a former prime minister of Pakistan and current chairman of one of the largest political parties in the country, has confirmed that his Instagram account was compromised and hackers used it to promote a cryptocurrency giveaway scam. Imran Khan’s Instagram Account Hacked, Used...
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme
2.8.2022
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including...
Australian regulator trials auto take-down of crypto scam sites
21.7.2022
The ACCC is using a countermeasures service from the UK-based Netcraft, which has been providing a similar service to the UK’s National Cyber Security Centre
GameStop NFT Marketplace Earns $44,500 In Its First Day
13.7.2022
What’s more grim? That GameStop slashed headcount to cut costs right before launching an NFT marketplace, or that the NFT marketplace which the company spent millions on earned only an estimated $44,500 on its big debut? For those keeping score at home, that’s less than the price of a...
Developer Ambushes NFTs In Public Talk, Makes Crypto Sponsors Real Mad
12.7.2022
During Brazil’s International Games Festival last week, developer Mark Venturelli (Chroma Squad) was scheduled to give a talk called “The Future Of Game Design”. A few seconds in, he flipped and revealed the presentation’s real title—“Why NFTs are a nightmare”—to a room full of applause.Read more
GameStop Boss Celebrates NFT Marketplace Days After Laying People Off
12.7.2022
GameStop celebrated the launch of its NFT marketplace on Monday. Its Ethereum-based depot for virtually autographed JPEGs arrived just days after the meme stock giant ruthlessly laid off more employees, and based on my short tour through its website, it’s also still a little broken in places.Read...
British Army’s social media accounts hacked by crypto scammers
4.7.2022
Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams
Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers
22.6.2022
Mixing conspiracy theories, a distrust for traditional institutions and hopium in crypto, two influencers are alleged to have made millions using pump-and-dump schemes
Overworked GameStop Employees Walk Out, Tell Gamers To Shop Elsewhere
7.6.2022
The GameStop in the Gateway Mall in Lincoln, Nebraska is one of the busiest around, at least according to the person who used to run it. But over the weekend it was closed after four employees decided to walk out and never return over what he says are bad working conditions and a verbally abusive...
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...
Social media blamed for $1B in crypto scam losses in 2021
6.6.2022
Nearly half of the consumers that reported a cryptocurrency-related scam in 2021 said it started with an ad, post, or message on social media
MetaMask Aims to Help Crypto Scam & Phishing Victims Take Legal Action Against Fraudsters
27.5.2022
The browser-based crypto wallet provider MetaMask has announced that it will attempt to aid users who fall prey to crypto-related scams and phishing attacks in their quests to recoup lost or stolen assets....
Read More: MetaMask Aims to Help Crypto Scam & Phishing Victims Take Legal Action...
New Elon Musk Crypto Scam Deepfake Promises 30% Returns On Deposits
26.5.2022
Tesla CEO Elon Musk continues to be the target of online con artists who are using his image to rob traders of their cash - with a new deepfake video depicting the billionaire entrepreneur making the rounds on Twitter.
A short video, reposted by user DogeDesigner, shows Musk being interviewed...
‘Yikes!’ Elon Musk warns users against latest deepfake crypto scam
26.5.2022
Deepfakes abound! Crypto scammers produce a deepfake video of Elon Musk's TED talk to prey on unwitting social media users
Crypto Firms Launch Community-Powered Scam Reporting Platform ‘Chainabuse’
24.5.2022
Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.” New Crypto Scam Reporting Platform Launched...
Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account
23.5.2022
Links posted to a fake Louis Vuitton non-fungible token (NFT) raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand
Huge Potential Crypto Scam Avoided
10.5.2022
May 10, 2022, Tallinn: Cryptocurrency investors and entities are becoming victims of scammers more frequently as the industry’s popularity is rising. Articles and news pieces are published daily describing unknown ways that malicious actors might get a hold of sensitive user data. Millions...
SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder
9.5.2022
The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice...