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Kraken CEO Discusses Impact of FTX Failure — Says Damage to Crypto Industry Is Huge, Will Take Years to Undo
14.11.2022
The CEO of cryptocurrency exchange Kraken has outlined the impact of FTX’s failure on the crypto industry. After listing multiple red flags, the executive stressed: “The damage here is huge … We’re going to be working to undo this for years.” Crypto Exchange...
FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags
13.11.2022
Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on the backing of the now-bankrupt FTX and Alameda...
Sky-High Yields and Bright Red Flags: How Alex Mashinsky Went From Bashing Banks to Bankrupting Celsius
27.7.2022
How could Celsius Network pose “much less risk” than banks, as its CEO claimed, but pay eye-popping returns? It sounded too good to be true. There were other warning signs from the start
Employee quits after red flags at first crypto job, stays in blockchain for the tech
17.6.2022
Roland Guirdonan came to believe that cryptocurrencies are genuinely the "future of money" despite an unpleasant experience at his first job in the industry
3 red flags that signal a crypto project may be misleading investors
20.5.2022
The challenges faced by Terra, Wonderland and a handful of other DeFi projects exposed the need for investors to do more research and avoid cult personalities
FinCEN Issues ‘Red Flags’ on Potential Sanctions Evasion Using Cryptocurrency
9.3.2022
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it has not seen “widespread evasion” of its sanctions using cryptocurrency. FinCEN Warns...
New LGBT token aims for equity but raises red flags with community
5.1.2022
While sporting a questionable name, the coin project says it wants to enable a “social and ethical” payment method
Someone Is Using Netflix's Squid Game to Pump Token With Multiple Red Flags
29.10.2021
A token promoted as a play-to-earn token by the name squid game (SQUID) is getting the attention of the cryptoverse and mainstream media, after seeing a continuous, and rather unnatural, rise in price since its launch earlier this week. However, a quick look at the token’s website brings multiple...
Putin Asks Russian Attorney General Office to Combat Illegal Cross-Border Crypto Transfers
19.3.2021
The Russian President held a meeting with the attorney general’s office where cryptocurrencies came to the discussion table. Vladimir Putin raised red flags toward taking measures to prevent illegal activities on cross-border transfers with cryptos. Putin Calls Other Offices to Join the Fight...
Fraudulent Crypto Browser Extension Redirects to a Fake Metamask Domain
6.12.2020
A crypto intelligence firm has raised red flags about an increasing flow of comments in the crypto community about an ongoing phishing campaign, which is stealing funds from people who install a malicious browser extension. Chrome Browser Extension Is Redirecting Crypto Users to a Fake Metamask...
Not your keys, not KuCoin's: Red flags ignored
26.9.2020
A dizzying lack of transparency as the crypto exchange is hacked and $150m in customer funds goes missing
Citizen App’s New Contact Tracing Feature Raises Privacy Red Flags
20.5.2020
The Citizen app, which normally fights crime, is now tracing coronavirus cases. Is your data safe with a powerful private company?
2x Bitcoin: Wanna Double Your BTC to the Moon? Forget About It
23.3.2020
Amid worldwide crisis and stock market turmoil, a growing number of investment schemes advertise a way to speedily double your bitcoins. Moon Bitcoin Live, for example, claims to be a licensed bitcoin doubler, promising that investors can double their bitcoins within 24 hours, with guaranteed...
Using a VPN May Get Israeli Crypto Traders in Trouble
2.1.2020
Do you use a VPN? It’s a privacy-enhancing tool that everyone should be using, especially those with digital assets. Or do you happen to be older than the typical crypto trader? Both of these characteristics are part of a list of so-called ‘red flags’ that can get you in trouble...
Luxembourg Regulator Red-Flags Activities of BitPay Clone Website
18.9.2019
Luxembourg’s financial watchdog red-flagged the activities of a clone website impersonating crypto payments provider BitPay