Crypto scams Financial News

05.09 / 06:47

BTC Citizens Platform scam Bitcoin country Crypto scams Crypto Scams on Rise in Portugal as Two Investors Lose Over $312k

Two Portuguese citizens have lost over $312,000 to crypto scammers, with police claiming that more people are falling victim to crypto fraudsters.

05.09 / 06:23

Adoption Scams exchanges Bitcoin Scams Crypto scams Swyftx Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams

Australian crypto exchange Swyftx is launching a new “Earn and Learn” crypto education platform, aimed at rewarding its users for completing courses covering an array of crypto scams.

31.08 / 11:07

regulation Bitcoin Scams Bitcoin Crypto scams Scammer Breaking victim ‘trust’ in scammer is key to beat crypto scams, exchanges say

Cryptocurrency exchanges in Australia have been increasingly communicating with their users as part of preventative measures against scams. According to local crypto firms, such communication is the key to preventing scams as it is able to “break trust” between victims and scammers.

30.08 / 12:27

Lowe's Digital Actor country social Crypto scams UN Alerts Rapid Rise of Victims in Southeast Asia ‘Forced’ Into Crypto Scams

A report from the United Nations Human Rights Office revealed that “hundreds of thousands of people” across Southeast Asian countries are being “forced” by organized criminal gangs to engage in online scams including cryptocurrency frauds and illegal gambling schemes.

22.08 / 02:13

business Facebook regulation Court Meta Crypto scams Thailand threatens Facebook over crypto scams and other fraudulent ads

Thailand is planning to seek a court-issued shutdown order against Facebook unless it takes steps to deal with alleged investment and crypto scam ads on its platform.

13.07 / 20:57

Hack scam Chainalysis Crypto scams Chainalysis Report: Significant Decline Seen in Crypto Scams in 2023

2023 has so far been a meager year for crypto scammers, according to a new report from blockchain intelligence firm Chainalysis.

12.07 / 15:29

business Blockchain Adoption Hackers regulation Scams Crypto scams Exploit Crypto scams are down 77% — but this exploit is making a huge comeback

Cryptocurrency scams have fallen a massive 77% from $3.3 billion to $1.1 billion over the first six months of 2023, according to a recent report by blockchain intelligence firm Chainalysis.

05.07 / 01:39

Target Binance Digital Platform LiveCoin Crypto Exchange lawmakers Crypto scams MPs Brazilian Lawmakers Want to Hear from Binance, Bitso & OKX as MPs Target Crypto Scams

Brazilian lawmakers have summoned the heads of major crypto exchanges to parliament, with representatives of the trading platforms Binance, Bitso, and OKX all set to attend.

30.06 / 08:43

business regulation Scams Banks Commonwealth Bank of Australia Crypto scams Blockchain Australia CEO calls for unified efforts to stamp out crypto scams

Blockchain Australia’s new CEO, Simon Callaghan, is urging Australia’s banks, the government and the crypto industry to come together to combat rising cryptocurrency scams.

27.06 / 09:39

scam Artificial Intelligence Crypto scams Expect Surge in Crypto Scams with Advancements in AI

There are growing concerns that scammers will use artificial intelligence (AI) to develop new methods of fraud and deception as the technology continues to advance.

26.06 / 23:19

Technology Adoption Analysis Scams Opinion Tech Crypto scams Crypto scams are going to ramp up with the rise of AI

With talk about integrating artificial intelligence and the cryptocurrency industry mostly focusing on how AI can help the crypto industry combat scams, experts are failing to pay attention to the fact that it could have the complete opposite effect. In fact, Meta recently warned that hackers appeared to be taking advantage of OpenAI’s ChatGPT in attempts to gain entry into users’ Facebook accounts.

26.06 / 13:05

business Adoption Scams crimes Cybercrime Crypto scams How security, education and regulation can mitigate rising crypto scams

Crypto losses to bad actors have significantly increased in the last two years, but cybersecurity experts believe there is no cause for concern, as most new tech is exploited during the early days of its use.

10.06 / 10:43

Europe TikTok Instagram European Commission Crypto scams EU Consumer Watchdog Slams Instagram, TikTok for Enabling Crypto Scams

The European Consumer Organization (BEUC) has released a report accusing leading social media platforms including Instagram, TikTok, Twitter, and YouTube of enabling scams related to digital assets.

29.05 / 05:45

Provident Target Platform Compilation scam Crypto scams Spike in Crypto Scams Targeting Young Korean Women – Here’s How Fraudsters Strike

There has been a spike in South Korean crypto scams that target young women on social media platforms, a new study has revealed.

16.05 / 19:47

Blockchain Technology Adoption Scams Fraud Tech Bitcoin Crypto scams Can you recover stolen Bitcoin from crypto scams?

The process of recovering stolen Bitcoin (BTC) from cryptocurrency scams is difficult and complex. The prevalence of cryptocurrencies has led to an increase in scams and other fraudulent practices that prey on the gullible. Numerous people have suffered significant financial losses as a result of falling for different crypto scams, such as phishing, rug pulls and hacker attacks.

01.05 / 05:05

defi hacks Cybersecurity Scams Crypto scams Lost April’s crypto scams, exploits and hacks lead to $103M lost — CertiK

Crypto exploits, exit scams, and flash loan attacks saw little signs of letting up in April, with more than $103 million of funds stolen from crypto projects and investors in the month.

30.04 / 09:29

business Hackers hacks Social Media Altcoin Google YouTube Crypto scams YouTube helps recover hacked channel that attempted XRP crypto scams

Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote XRP (XRP) cryptocurrency scams.

18.04 / 02:33

regulation Investments Scams cryptocurrency investment Bitcoin Scams Press Release Crypto scams Lost Australian Australian Crypto Australian crypto scams increased by over 162% with nearly $150M lost

Australians lost $148.3 million (AUD$221.3 million) from investment scams where cryptocurrency was used as the payment method in 2022 — a 162.4% increase from 2021.

07.03 / 19:07

Telegram Gaming TON Nazi Crypto scams tax breaks Today in Crypto: Pro-Russian & Neo-Nazi Militia Groups Promoting Digital Wallets for Crowdfunding on Telegram, Crypto Scams in Hong Kong up 67%, Thailand to Offer Tax Breaks for Investment Tokens Issuers

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________

07.03 / 14:23

regulation Scams Police Bitcoin Crypto scams Hong Kong’s losses to crypto scams doubled to $217M last year: Report

Some countries worldwide suffered bigger financial losses to cryptocurrency scams despite a massive bear market in 2022.

06.03 / 07:59

Scams Fraud ATM Bitcoin Scams Bitcoin Crypto scams Bitcoin ATM firm profited from crypto scams via unlicensed kiosks: Secret Service

A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating unlicensed crypto kiosks in Ohio which knowingly benefited from victims of cryptocurrency scams.

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