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Today in Crypto: Poloniex Partners with Mercuryo on Crypto Purchases, Hong Kong Hunting Six Scammers, DFINITY Foundation Launches ‘Twin’ Token ckBTC
3.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Poloniex Partners with Mercuryo on Crypto Purchases, Hong Kong Hunting Six Scammers, DFINITY Foundation...
Blockchain Security Firm PeckShield Uncovers New Crypto Scam That Pretends To Be Affiliated With ChatGPT
22.2.2023
Blockchain security firm PeckShield found a number of scam tokens whose creators look to profit from the ChatGPT craze.
PeckShield tweeted on Tuesday that,
"[It] detected dozens of newly created BingChatGPT tokens, of which 3 appear to be honeypots & 2 have high sell tax."...
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YouTuber Logan Paul Slapped With Class-Action Lawsuit Over NFT 'Game'
3.2.2023
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CertiK Report Reveals a Strange Twist Behind the ‘Monkey Drainer’ Scam
31.1.2023
The latest report by the security-focused ranking platform CertiK revealed two individuals behind a several-million-dollar-heavy scam – and there is a twist to the duo’s partnership.
The report explained that “a number” of scammers had been using a phishing kit known as ‘Monkey Drainer’ over...
Robinhood’s Verified Twitter Account was Hacked and Started Promoting a Crypto Scam – This is What Happened Next
26.1.2023
Attackers hacked into major US online trading platform Robinhood's social media accounts to promote a scam token. Binance CEO Changpeng Zhao soon said that the account linked to the incident had been locked....
Read More: Robinhood’s Verified Twitter Account was Hacked and Started Promoting...
Today in Crypto: ConsenSys Launches MetaMask Staking, Eurojust Stops Major Crypto Fraud Network, LendHub Loses $6M in an Attack
13.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: ConsenSys Launches MetaMask Staking, Eurojust Stops Major Crypto Fraud Network, LendHub Loses $6M in...
Today in Crypto: Crypto Hackers & Fraudsters Stole $1.62 Billion in Q4 Alone, Silvergate Cuts 40% of Workforce, US SEC Brings Charges in CoinDeal Investment Scheme
5.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Crypto Hackers & Fraudsters Stole $1.62 Billion in Q4 Alone, Silvergate Cuts 40% of Workforce, US...
NFT Marketplace Magic Eden Pledges to Refund Users Who Were Sold Fake NFTs in ‘Massive Exploit’
5.1.2023
Non-fungible token (NFT) marketplace Magic Eden said that it would refund all users affected by the exploit that involved the sale of fake NFTs - passing them off as 'members' of verified collections.
On the morning of January 4 (PT time), the marketplace team saw "a handful" of reports saying...
Crypto News Summary: Mastercard Launches Start Path Crypto, Meta Bringing NFT Minting & Trading to Instagram
3.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Mastercard Launches Start Path Crypto, Meta Bringing NFT Minting & Trading to Instagram
Ethereum Founder Vitalik Buterin Concerned About Elon Musk’s Twitter Plan
2.11.2022
Ethereum (ETH) co-founder Vitalik Buterin has shared a scam-related concern over Tesla and Twitter chief Elon Musk's blue check system, but said that there may be a solution.
On November 1, following statements that a blue checkmark on Twitter for verified users could cost its owners $20 a month...
$160 Million Rug Pull? – Crypto Staking Platform Freeway Halts Withdrawals Citing ‘Unprecedented Volatility’
25.10.2022
UK-based crypto platform Freeway halted withdrawals on Sunday due to, as they claim, never-before-seen levels of volatility - but some argue that this is in fact a rug-pull.
"Has anyone been able to withdraw over the recent days," members have been asking in Freeway's Telegram channel, with many...
Argentinian Presidential Hopeful Reportedly Faces Crypto Scam Promotion Wrap
23.8.2022
A group of Argentine crypto investors have launched a lawsuit against Javier Milei, an outspoken MP and bitcoin (BTC) advocate who wants to run for president.
The media outlet Clarín reported that a lawyer named Juan Pablo Chiesa, who is representing the group, says that the investors lost around...
Landmark Crypto Judgment: Service by NFTs, Disclosure Orders Against Crypto Exchanges, and Potential Constructive Trustee Liability
21.8.2022
Kate Gee is Counsel at Signature Litigation LLP, specialising in crypto disputes, civil fraud, and asset tracing.__________...
Read More: Landmark Crypto Judgment: Service by NFTs, Disclosure Orders Against Crypto Exchanges, and Potential Constructive Trustee Liability
South Korean Kok Play Token Masterminds Reportedly Face Prosecution Probe, Investors 'Must Escape Now'
19.8.2022
South Korean prosecutors are reportedly set to investigate the company behind an Ethereum (ETH)-based altcoin named Kok Play over allegations of fraud.
The coin is, per its white paper, the brainchild of the Kok Foundation, and has been listed on a number of large international crypto exchanges....
Brazilian Cop Charged with Duping 23 Fellow Officers in ‘Crypto Pyramid Scam’
2.8.2022
A military police officer in the Brazilian state of Goiás is being tried for allegedly scamming fellow officers with a cryptoasset-themed scheme.
The media outlet Globo reported that the officer, named as Francisco de Assis Jesus dos Santos Soares de Oliveira, stands accused of defrauding some...
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
Youtuber and alleged thief publicly refuses to return investors' funds after $750k rug pull
2.2.2022
"Yeah, I could give the money back. It is within my power, but I'm gonna look out for myself and not do that," said Ice Poseidon when confronted in a video interview
Riot Games Sues Scammers Offering Folks Fake Jobs At The Studio
9.12.2021
A nasty scam has become more popular over the last few months. People desperate for work at popular game studios like Riot and Rockstar Games get an email from a recruiter asking them to apply. They do and eventually get the job only to realize it’s all fake, usually after losing money to...
Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day
15.5.2021
A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day.”...
2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments
25.4.2021
Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with...