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“We Obtained Judgments Worth $5 Billion” Gary Gensler Recounts Achievements Amid Backlash
26.10.2023
The head of the Securities and Exchange Commission (SEC) Gary Gensler disclosed a summary of the agency’s performance in its quest to promote a more transparent market. In his speech at the 2023 Securities Enforcement Forum titled, “Partners of Honest Business and Prosecutors...
FTX clients face deceptive priority withdrawal scam
21.10.2023
FTX users have reported receiving deceptive emails purportedly sent by FTX Trading, West Realm Shires Services and FTX EU
EtherHiding: Why hackers may prefer Binance’s BNB Smart Chain
20.10.2023
According to cybersecurity analysts at 0xScope and CertiK, threat actors may prefer using BNB Smart Chain contracts because it’s cheaper and seen as having lower security than Ethereum
Tim Draper warns of crypto scams using his AI-synthesized voice
20.10.2023
Advancements in AI have made it possible to create deepfake videos and voices in which scammers write the scripts to try and illegally obtain others' crypto
Scammers prefer banking customers over crypto investors in Ireland: Report
16.10.2023
To date, Irish authorities managed to recover approximately 4 million euro of the 20 million euro that were lost in banking scams since January 2023
Banking Scams Overtake Crypto Frauds in Ireland
16.10.2023
Fraudsters targeting victims in Ireland are increasingly posing as bank officials rather than crypto promoters, the local press reported quoting police. Amid the growing trend, Irish investors have lost millions of euros to this type of schemes this year, with law enforcement authorities having...
EtherHiding: Hackers create novel way to hide malicious code in blockchains
16.10.2023
Threat actors have worked out a way to hide malicious payloads in Binance smart contracts to lure victims into updating their browsers from fake prompts, according to cybersecurity researchers
BlackRock seeks court crackdown on 44 copycat sites, some crypto adjacent
12.10.2023
The world’s largest asset manager wants to take control of a raft of domain names that have been registered to imitate it
Alameda Research lost $190M to scams and 'questionable’ blockchains: Whistleblower
12.10.2023
Former Alameda Research engineer Aditya Baradwaj says one trader lost more than $100 million after clicking on a fake link
Meet the guerilla artist who staged a crypto ‘rug pull’ in front of the SEC
10.10.2023
Artist Nelson Saiers’ “Rug Pull” highlighted the victims of crypto rug pulls and perceived SEC inaction in safeguarding investors
OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull
9.10.2023
A former OpenSea employee has been accused of assisting the infamous AnubisDAO rug pull in 2021; however, some commentators have raised doubts
Galxe protocol experiences DNS attack, losses top $150,000 so far and still growing
6.10.2023
The Web3 platform’s website has been restored, but the company still warns against using it. The hack may be linked to September’s attack on Balancer
Crypto Ponzi scheme AirBit: All but one exec now sentenced
4.10.2023
AirBit Club co-founder Dos Santos is now the last AirBit defendant not yet sentenced but is scheduled to learn his fate on Oct. 4, 2023
Tesla CEO Elon Musk Calls Fiat Currency a Scam
4.10.2023
Tesla and Spacex CEO Elon Musk believes that fiat currency is a scam that is so normalized that we don’t even realize that it’s a scam. Many people share a similar view, including Rich Dad Poor Dad author Robert Kiyosaki, who has frequently cautioned against investing in the U.S....
Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi
3.10.2023
The number of attack incidents increased to 76 in Q3 2023, compared to just 30 in the same quarter last year
Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report
2.10.2023
Private keys getting compromised took over $204 million across 14 security incidents in the third quarter of 2023
September becomes the biggest month for crypto exploits in 2023: CertiK
2.10.2023
The Mixin Network cross-chain protocol accounted for almost two-thirds of the crypto exploit losses in September
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...
Crypto firm claiming $1.4B in trades on CMC flashes reportedly fake license data
26.9.2023
A crypto exchange claiming $1.7 billion in daily trades, and reporting $1.4 billion on CMC, had been reportedly displaying false license data until it was checked by Estonian regulators