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Coinbase, Ripple, Meta Join Forces to Fight Crypto Scams, Including Pig Butchering
23.5.2024
Leading crypto and tech companies, including Coinbase, Ripple, Meta, Kraken, and Gemini, have formed a coalition to combat online fraud, including crypto scams like the pig butchering scheme. “We are dedicated to disrupting emerging online scams through collaboration, information sharing,...
Crypto exchanges form ‘Tech Against Scams’ partnership to combat fraud
22.5.2024
Centralized exchanges led by Coinbase, along with Meta, Match, and Ripple Labs, have formed an educational group to prevent pig butchering scams
Coinbase brings in Tech Against Scams with multiple associates
22.5.2024
Coinbase introduces its landmark initiative, Tech Against Scams, along with the bigwig business houses for going to war against online and finance-related scams. The other players include Match Group, Meta, Kraken, Ripple, Gemini and GASO. The focus will be on creating awareness amongst the masses...
Coinbase, Kraken, Others Form Coalition to Tackle 'Pig Butchering' Scams
22.5.2024
The coalition also includes prominent crypto companies Ripple and Gemini, as well as Meta and Match Group, the parent company of dating apps Tinder and Hinge
Feds bust $73M crypto scam, arrest two masterminds
18.5.2024
The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds
Binance develops ‘antidote’ to address poisoning scams after $68M exploit
16.5.2024
Binance’s new algorithm has already helped detect over 13.4 million spoofed blockchain addresses on BNB and over 1.68 million on Ethereum
Solana-based Cypher developer confesses to gambling away $300K of user funds
15.5.2024
The insider’s exploit went unnoticed for months, despite over 36 individual transactions
Tether Takes Action: $5.2M in USDT Frozen Due to Phishing Links
14.5.2024
Tether is still keeping an eye out for illegal activity taking place on its blockchain. Tether detected and blocked USDT worth $5.2 million on May 14 as part of its efforts to impose stringent network controls and stop money laundering.
The post Tether Takes Action: $5.2M in USDT Frozen Due...
Tether freezes $5.2 million in USDT linked to phishing scams
14.5.2024
Since its inception, Tether has frozen over $1 billion worth of assets linked to illicit activities on demand from law enforcement agencies
CFTC Urges Caution to Job Seekers Amid Rising Money Mule Scams
14.5.2024
The Commodity Futures Trading Commission is warning against "money mule" scams targeting remote job seekers. The regulator said people seeking work-from-home opportunities should be on the lookout for these deceptive schemes.
The post CFTC Urges Caution to Job Seekers Amid Rising Money Mule Scams...
WBTC thief returns $71 million worth of stolen funds
13.5.2024
On-chain transactions leading up to the return suggest this wasn’t a white hat hacker but a malicious actor who intended to steal the funds before investigators got involved
Hong Kong Crypto Exchange Uses Elon Musk Deepfake to Promote Him as Lead Developer
13.5.2024
The Hong Kong Securities and Futures Commission has issued a warning regarding deepfake scams infiltrating the cryptocurrency industry.
The post Hong Kong Crypto Exchange Uses Elon Musk Deepfake to Promote Him as Lead Developer appeared first on Cryptonews
Attacker Returns $153,000 Worth of Ether to Victim After Stealing $68 Million
10.5.2024
An attacker involved in a $68 million address poisoning scam has returned $153,000 worth of Ether to the victim and expressed willingness to negotiate further.
The post Attacker Returns $153,000 Worth of Ether to Victim After Stealing $68 Million appeared first on Cryptonews
NFT Trader Loses $145K To BAYC Phishing Scam
9.5.2024
In a phishing fraud run by BAYC, an NFT trader lost tokens valued at more than $100,000. On May 9, the on-chain security platform PeckShield made this announcement, as scams in the cryptocurrency and NFT field continue to cause alarm.
The post NFT Trader Loses $145K To BAYC Phishing Scam appeared...
Gary Gensler Attributes SEC’s Focus on Crypto to Financial Media and Fraud Concerns
8.5.2024
Gensler emphasized that while crypto represents a small portion of the financial markets, it disproportionally contributes to issues such as scams and frauds, attracting significant media attention.
The post Gary Gensler Attributes SEC’s Focus on Crypto to Financial Media and Fraud Concerns...
SEC Chair Gary Gensler Calls Crypto ‘Outsized Piece of Scams, Frauds, and Problems in Our Markets’
8.5.2024
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated his view that crypto is a field full of noncompliance. While noting that crypto is a small piece of the overall U.S. financial market that his agency oversees, the SEC chair emphasized that it...
Trader loses $68M in address poisoning scam
3.5.2024
The attack caused the unknown trader to lose over 97% of their crypto holdings
ZKasino scam suspect arrested, $12.2M seized by Dutch authorities
3.5.2024
Authorities seized $12.2 million worth of digital assets, real estate, and luxury cars during the arrest
April Records Lowest Crypto Hack and Scam Losses Since 2021: CertiK
1.5.2024
As April concludes, the cryptocurrency industry experienced a significant downturn in combined losses from hacks and scams, reaching the lowest recorded figure.
The post April Records Lowest Crypto Hack and Scam Losses Since 2021: CertiK appeared first on Cryptonews
April sees $25M in exploits and scams, marking historical low ― Certik
30.4.2024
Losses from hacks and scams reached their lowest level since 2022 when Certik first started recording the data, as flash loan attacks and private key hacks decreased