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US Authorities Seize Crypto Linked to Pig-Butchering Scam Held at Binance
28.9.2023
U.S. authorities are seeking to recover cryptocurrencies linked to the popular pig-butchering crypto scam. “Law enforcement was able to trace cryptocurrency involved in the fraud and money laundering to two Binance accounts, where it was seized,” the United States Attorney’s...
BBB Warns of Rising Crypto Scams on Tiktok — ‘They May Resort to Scare Tactics’
26.9.2023
The U.S. Better Business Bureau (BBB) has issued a warning about a surge in “money-flipping” crypto investment scams on Tiktok. “They may ask for fees several times,” the BBB cautioned, adding that if you question them, “they may resort to scare tactics, telling...
Philippines SEC teams up with US counterpart to combat crypto fraud
20.9.2023
The Philippine SEC is now collaborating with the U.S. SEC and the Asian Development Bank to better combat crypto-related crime
Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams
5.9.2023
Australian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear market as the reason for its launch
High Proliferation of Crypto Scams in Africa Linked to Limited Educational Efforts — Mitroplus Labs Founder
29.8.2023
According to Ivaibi Festo, the founder of Mitroplus Labs, a crypto and blockchain education organization, cybercriminals continue to find success in Africa because not enough is being done to educate residents on the basics of digital assets or the technology that underpins such assets. To make...
Thailand Threatens Facebook With Shutdown Over Crypto Scams
23.8.2023
The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the number of complaints has been mounting. Meta...
Australia's Bendigo Bank blocks high-risk payments to crypto exchanges
31.7.2023
Chainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated exchanges
Crypto Crime Plummets in 2023, Down 65% Overall, Chainalysis Says
17.7.2023
Cryptocurrency-related crime is down significantly this year, according to data by Chainalysis. Specifically, the blockchain analytics firm explained that crypto inflows to known illicit entities are down 65% compared to the previous year while inflows to risky entities are down 42%. Crypto Crime...
'Scammers' impersonate Crypto Twitter users on Threads as users near 100M
10.7.2023
Threads are already seeing potential crypto scammers arrive on the platform as Crypto Twitter personas warn of impersonators on the app
40% of South Africans Familiar With the ‘Concept of Web3’ — Study
2.7.2023
Some 40% of South African survey participants are familiar with the concept of Web3 and a further 80% believe the technology backing cryptocurrencies can “transform or fully rebuild the financial system,” according to the findings of a Consensys survey. However, as much as 59% believe...
Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin
2.6.2023
Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period
Can you recover stolen Bitcoin from crypto scams?
16.5.2023
Recovering stolen Bitcoin from crypto scams is challenging due to the anonymous nature of blockchain transactions and jurisdictional issues
To catch a scammer: Kraken builds fake crypto account to ‘bait’ fraudsters
11.5.2023
A call-center scammer impersonating President Joe Biden attempted to steal what they thought was $450,000 worth of Bitcoin from a streamer — instead, chaos ensued
Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign
5.3.2023
Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cryptocurrency exchange said. “So far, the project has achieved tremendous results,” Binance claimed....
Chainalysis: Crypto Scam Revenue Dropped 46% in 2022
21.2.2023
Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline,” the firm explained. ‘Crypto Scam...
US State Regulator Launches Crypto Scam Tracker
21.2.2023
The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker...
Dingo crypto token flagged as scam over 99% transaction fee backdoor
6.2.2023
Cybersecurity firm Check Point said it discovered a smart contract function called "setTaxFeePercent" which can reportedly change the contract's buy and sell fees
NYU Professor ‘Dr. Doom’ Says 99% of Crypto Is a Scam — Tells Investors to ‘Absolutely Stay Away’
20.1.2023
NYU Professor Nouriel Roubini, aka Dr. Doom, has warned that “99.99% of crypto is a scam, a criminal activity, a total real-bubble Ponzi scheme that is going bust.” He advised investors to “absolutely stay away” from crypto, claiming that most people in the crypto space...
No 'respite' for exploits, flash loans or exit scams in 2023: Cybersecurity firm
3.1.2023
The industry is likely to see “further attempts from hackers targeting bridges in 2023," while users are urged to be warier of their private keys
$62M crypto stolen in Dec was the ‘lowest monthly figure’ in 2022: CertiK
2.1.2023
The month of December had the smallest figure for cryptocurrencies stolen in 2022 with around 23 major incidents according to CertiK