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Wonderland’s treasury saga exposes the fragility of DAO projects today
8.2.2022
The controversy around Wonderland DAO has brought back focus on the “not-so” decentralized nature of some DAO projects
Binance Warns Crypto Investors of ‘Massive Phishing Scam via SMS’
7.2.2022
Cryptocurrency exchange Binance has warned investors of a “massive phishing scam via SMS.” The scammers sent SMS messages to crypto users informing them of a withdrawal request from an unknown IP address they may want to cancel. Massive Phishing Scam Targeting Crypto Investors Binance...
Chainalysis report finds most NFT wash traders unprofitable
6.2.2022
Findings from Chainalysis shows the NFT space to be prone to wash trading, but most traders are not profiting
Scam alert! Binance CEO warns users of massive SMS phishing scam
4.2.2022
The scam involves sending users a text message with a link to cancel withdrawals, leading users to a fake website designed to harvest their login credentials
Aussie billionaire sues Facebook over crypto scams with AG's consent
3.2.2022
The Aussie businessman said that Facebook’s failure to remove the fraudulent ads featuring him and dozens of other high profile celebs was “criminally reckless.”
US Federal Trade Commission Warns About Cryptocurrency Scams Using Social Media
1.2.2022
The U.S. Federal Trade Commission (FTC) has warned about social media being used in cryptocurrency investment scams. “Social media is a tool for scammers in investment scams, particularly those involving bogus cryptocurrency investments — an area that has seen a massive surge...
Cyber vigilante hunts down DeFi scammers running away with $25M rug pull
30.1.2022
An exclusive Cointelegraph interview on tracking down a group of DeFi scammers responsible for the $25 million StableMagnet rug pull
Nigerian Users Tell Binance ‘Stop Scamming’ — Exchange Platform Rejects Accusation
29.1.2022
Some disgruntled Nigerian users of the cryptocurrency exchange Binance have launched a campaign to boycott the platform, which they accuse of freezing client accounts without valid reason. Accounts Blocked Cryptocurrency exchange platform Binance recently became the target of a boycott campaign...
The biggest crypto heists of all time
29.1.2022
Crypto exchanges are hacked surprisingly often. A few of the biggest crypto heists that occurred in the past few years are discussed in this article
Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says
20.1.2022
Indians visited crypto scam websites nearly 10 million times last year, according to blockchain data analytics firm Chainalysis. The top crypto scam sites alone were visited 4.6 million times by Indian users. Millions of Indians Visit Crypto Scam Sites Indians visited scam crypto websites in droves...
Chinese police unearth multi-million dollar DeFi rug pull
18.1.2022
The Chizhou police arrested eight people from different provinces in December and froze assets worth millions
Battle of the bots: WTF token launch drains 58 ETH
14.1.2022
The WTF token airdrop got off to a wild launch. Users reportedly lost thousands of dollars while one bot disappeared with 58 ETH
US Federal Trade Commission Warns Consumers About Falling for Crypto ATM Scam
12.1.2022
The U.S. Federal Trade Commission (FTC) has warned consumers about scams involving cryptocurrency ATMs. “There’s a new spin on scammers asking people to pay with cryptocurrency,” the FTC described. FTC’s Warning About Scams Involving Cryptocurrency ATMs The U.S. Federal...
Crypto Tops Investor Threats for US Securities Regulators
11.1.2022
U.S. state securities regulators have revealed that cryptocurrency investments are their top investor threat this year. “Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial products may be nothing more than public facing fronts for Ponzi schemes...
Pakistan to investigate Binance for multi-million dollar crypto scam
9.1.2022
The federal agency of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to unknown 3rd-party wallets
Comedian Stephen Colbert spoofs 'Colbert Coin' in response to rise in crypto scams
6.1.2022
“We’re busy turning your cash into future money — to the moon, apes!" said the Late Show host
The worst influencer and celebrity NFT cash grabs of 2021
5.1.2022
The floor prices for Logan and Jake Paul’s NFT collections have dropped a hefty 62% and 98%, respectively, since their all-time highs
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
UAE to Jail Promoters of Fraudulent Cryptocurrency Schemes for Five Years, Offenders to Pay Over $270K in Fines
26.12.2021
Fraudsters promoting online cryptocurrency scams in the United Arab Emirates (UAE) now face a possible five-year jail sentence plus a fine of up to $272,000, according to a report. The new measures, which are set to take effect on January 2, 2022, are part of the government’s effort...
More Needs to Be Done to Ensure Tanzanians Understand the Risks of Crypto Trading, Says Blockchain Educator
25.12.2021
Tanzanians are embracing cryptocurrencies but more work still has to be undertaken in order to reduce the number of scams in the industry, a blockchain educator has said. In much of the year 2021, blockchain entities and proponents of the technology in Tanzania did much to bring this fintech...