Scam Financial News

26.05 / 15:49

Exchange scam Investment Returns elon New Elon Musk Crypto Scam Deepfake Promises 30% Returns On Deposits

Tesla CEO Elon Musk continues to be the target of online con artists who are using his image to rob traders of their cash - with a new deepfake video depicting the billionaire entrepreneur making the rounds on Twitter.

24.05 / 03:17

cryptocurrency Crime scam Jail Woman Gets 5-year Jail Term After Stealing USD 87K Worth of Crypto in Dating App Scam

A South Korean woman who met a man on a smartphone chat app, drugged him, and stole USD 87,000 in crypto from his phone has been sentenced to five years in prison.

13.05 / 19:53

Stablecoin scam community Bitcoin After Terra's Collapse, Cryptoverse Reflects on ‘Ponzi-like Assets’, Role of VCs, and 'Ignorant' Crypto People

It’s time for some self-reflection in the crypto community after the spectacular collapse of the terraUSD (UST) stablecoin and the entire Terra (LUNA) ecosystem.

19.04 / 16:19

NFT Non-fungible tokens scam community Moonbirds Collection Faces Criticism After User Wins 50+ NFTs During Raffle

Newly-launched non-fungible token (NFT) project Moonbirds has been hit with controversy, with some wondering if there was a potential raffle manipulation.

06.04 / 13:19

NFT Hack security scam NFT Traders, Beware of Social Engineering Hacks

Holders of blue-chip non-fungible tokens (NFTs) have long been targets of various types of attacks given the value of their possessions - and now scammers seem to have found new loopholes to take advantage of.

05.04 / 22:57

Altcoins scam No, Sberbank Isn’t Selling a ‘Cryptocurrency’ on a DeFi Exchange – Here’s What’s Really Going On

A bizarre altcoin named sbercoin (SBER) appears to have duped experts and media outlets alike into thinking that it is part of a grand Russian plan from a Russian megabank looking to evade Western sanctions. The bank denies connection with the coin.

04.04 / 17:25

Hack security scam Scammers Impersonate CoinMarketCap to Sell Fake 'CMC' Tokens

In an attempt to defraud potential users, scammers hacked major crypto market data provider CoinMarketCap's CrypTown social network and published links to a fake token sale.

04.04 / 11:09

Hack security scam Bitcoin Here's How You Can Protect Yourself Against Phishing as Trezor is Attacked

Trezor, a popular Bitcoin (BTC) hardware wallet, has revealed that its newsletter has been compromised, warning users of phishing attacks -- but the team's chief information security officer (CISO) shared tips on how to stay crypto-safe just days earlier.

01.04 / 16:13

Entertainment Netflix scam Quadrigacx New Netflix Crypto Scam Documentary 'Excites' But Also 'Razzle-Dazzles'

Exploring the mysterious circumstances of the collapse of Canadian crypto exchange QuadrigaCX and the death of its founder, Gerald Cotten, Netflix’s latest documentary is storming through the platform, topping the top 10 lists across the world.

29.03 / 01:09

cryptocurrency Social Media scam Crypto scams Videos Impostors Make Deep Fake Videos of Ordinary 'More Believable' People to Promote Crypto Scams

Scammers are impersonating anyone from influencers to high-profile crypto figures using deep-fake technology in a bid to steal crypto from unsuspecting victims -- however, they now seem to have focused on impersonating regular people as they are "more convincing" tools.

22.03 / 18:17

cryptocurrency Advertising scam ‘Misleading’ crypto advertising: UK watchdog tightens rules and warns 50 companies to stick to them

The UK's Advertising Standards Authority (ASA) has issued a "red alert" enforcement notice to over 50 companies advertising cryptocurrency products in Britain.

04.03 / 00:35

scam Charity Ukraine war Impostors Are Trying to Trick Ukrainian Crypto Donors via Phishing Websites and Fake Donation Addresses

Scammers and impostors are trying to take advantage of the horrific war unfolding in Ukraine by tricking unsuspecting crypto users wishing to help the country through donations.

11.02 / 15:07

Altcoins Trading coinbase scam Rug Pull Coinbase Pulls Buying Instructions for Three Coins Amid Rug Pull Warnings

US crypto exchange Coinbase has decided to scrap 'how to buy' instructions for a minimum of three crypto tokens following the emergence of rug pull warnings indicating that investors’ cybersecurity and funds were in danger.

10.02 / 21:13

cryptocurrency scam UK Media BBC Scraps Show About Millionaire Crypto Trader Over Scam Allegations

UK broadcaster BBC has decided to cancel a documentary and an accompanying article on crypto trader Hanad Hassan following the emergence of allegations suggesting the Birmingham resident could be running a scam.

04.01 / 04:09

Crime Exchange scam ‘Scam’ Crypto Exchange Victims Demand Execs Face ‘Maximum’ Punishment

Victims of the alleged V Global crypto exchange scam have demanded “maximum sentences” for executives of the trading platform ahead of their trials.

17.12 / 17:49

Crime defi scam Chainalysis Rug Pull Scammers Stole USD 7.7B in Crypto in 2021 Amid Rug Pull Surge - Chainalysis

Scams continue to generate the largest stream of cryptocurrency-based crime by transaction volume, with more than USD 7.7bn worth of crypto stolen from victims across the world so far this year, according to a recent report by blockchain analysis company Chainalysis.

25.11 / 03:11

Crime regulation scam Crypto Crime Crypto Crime Still Rising in China Despite Crackdown, Warn Authorities

Reports from Chinese provincial law enforcement agencies appear to show that crypto crime is still on the up – despite a nationwide crackdown on crypto and mining exacted in September this year.

04.11 / 17:11

Binance MARKET Altcoins scam SQUID Token Rising Again Despite Earlier Collapse, Binance Investigation

The price of squid game (SQUID), a token widely suspected of being a rug pull or a form of exit scam, is once again on the rise, with triple-digit percentage returns seen in the past 24 hours.

04.11 / 04:05

Crime scam Real Estate property Cryptoqueen German Trial Reveals OneCoin Cryptoqueen's USD 18.2M London Penthouse

As the German lawyer of Ruja Ignatova, the creator of the notorious OneCoin Ponzi scheme, is on trial in Germany on money laundering charges, the legal proceedings have shed some light on her assets including the purchase of a luxury London penthouse.

02.11 / 10:35

cryptocurrency Netflix scam Rug Pull Squid Game cryptocurrency loses all value in minutes in possible €2.8 million rug pull scam

A Squid Game-themed cryptocurrency plunged in value on Monday in what appears to be a deliberate act, falling from a high of around €2,400 to fractions of a cent in minutes.

01.11 / 20:11

MARKET Altcoins scam collapses SQUID Token Collapses as Developers 'Overwhelmed with Stress'

A token known as SQUID, based on an alleged play-to-earn game named after Netflix’s drama series Squid Game, has crashed to near zero after a massive pump last week. Meanwhile, the team behind the token, which raised multiple red flags, is throwing in the towel, saying they are “depressed” and “overwhelmed with stress.”

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