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Blockchain Australia CEO calls for unified efforts to stamp out crypto scams
30.6.2023
Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate
$7.8B lost in crypto ponzi and pyramid schemes in 2022: Report
28.6.2023
Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn
Crypto Ponzi Schemes Cost Victims $7.8B in 2022: TRM Labs
28.6.2023
Ponzi schemes dominated the crypto crime landscape in 2022, with $7.8 billion funneled from victims, blockchain analytics firm said in a new report
Over $204M was lost in Q2 DeFi hacks and scams: Report
27.6.2023
More than $208.5 million was lost initially, but approximately $4.5 million was recovered, making the total amount of unrecovered funds over $204 million
Expect Surge in Crypto Scams with Advancements in AI
27.6.2023
There are growing concerns that scammers will use artificial intelligence (AI) to develop new methods of fraud and deception as the technology continues to advance.
One of the primary ways in which scammers are using AI is through social media platforms. By leveraging AI-powered tools, scammers...
Australian banks claim 40% of scams 'touch' crypto as it defends restrictions
27.6.2023
During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges
Crypto scams are going to ramp up with the rise of AI
27.6.2023
Remember HarvestKeeper, the AI project that scammed users for $1 million? You can expect similar AI-based scams to soar over the next couple of years
Breaking down the ongoing token impersonation scams with DeFi execs
26.6.2023
Tres Finance co-founder Tal Zackon warned businesses to not use explorers when tracking their finances
How security, education and regulation can mitigate rising crypto scams
26.6.2023
Cybersecurity experts say the crypto industry is a target for bad actors because it is a new technology that is rapidly evolving and growing
CFTC Charges Man With Fraud in ‘Pig Butchering’ Crypto Romance Scam
22.6.2023
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This Is How Scammers Can Drain Your Crypto Wallet
22.6.2023
Scammers use a variety of techniques to steal users’ money, some of which only require knowing your wallet address, a Forta Network researcher said
Meme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a 'Scam'
19.6.2023
Musk had previously engaged with the Bob token bot several times, aiding a value rise
On-chain sleuth ZachXBT sued for libel after claiming plaintiff drained funds from project
16.6.2023
Plaintiff Jeffrey Huang claims his reputation was damaged when ZachXBT allegedly falsely accused him of embezzlement
Doppel X OpenSea: A combat towards NFT scams
16.6.2023
In an exciting development for the NFT community, Doppel, a leading security solutions provider, has announced a strategic partnership with OpenSea, one of the largest and earliest NFT marketplaces. Boasting an impressive collection of over 80 million NFTs and 2 million collections, OpenSea...
Mining Pools Are the New Mixers For Cybercriminals: Chainalysis
15.6.2023
Hackers have a new way to recycle their ill-gotten crypto gains
Chinese Police Warn of a Rise in Digital Yuan-themed Scams
13.6.2023
Chinese police have warned there has been an increase in digital yuan-themed scams, as the nation’s CBDC rollout gathers pace.
Per the state-run news outlet CCTV (via Xinhua), officers in Shandong Province claimed they had seen a rise in digital yuan-themed “fraud.”
They said one recent scam...
Judge Upholds Confidentiality of FTX Customers’ Identities, Citing Security Concerns
10.6.2023
In the FTX bankruptcy case, the presiding judge John Dorsey has ruled to maintain the confidentiality of individual customer identities, according to a recent decision on Friday. Dorsey emphasized the importance of safeguarding these clients, expressing concern for their potential vulnerability...
EU Consumer Watchdog Slams Instagram, TikTok for Enabling Crypto Scams
10.6.2023
The European Consumer Organization (BEUC) has released a report accusing leading social media platforms including Instagram, TikTok, Twitter, and YouTube of enabling scams related to digital assets.
In a 20-page report, the watchdog categorized digital assets as highly risky and prone to scams...
Scammers steal nearly $1M after hijacking 8+ prominent crypto twitter accounts
10.6.2023
The group of scammers have recently taken over accounts belonging to the founder of Pudgy Penguins, the CTO of OpenAI and even crypto hater Peter Schiff
The Memecoin Grift and How It Threatens Ethereum Culture
9.6.2023
If Ethereum is to grow it’ll have to mature beyond the antics of those shilling the token-of-the-moment, says Paul Dylan-Ennis