Scams Financial News
23.12 / 12:37
NFT
Scams
phishing
Opensea
New NFT private auction scam threatens OpenSea users
As nonfungible tokens (NFTs) became more popular, bad actors who constantly try to exploit users within the space have become more active. Now, a new hack involving a feature on the NFT marketplace OpenSea threatens NFT holders through phishing sites.
22.12 / 16:57
Blockchain
security
Scams
Smart Contracts
Just get phishing scammers out of your way
A follow-up on Web3 Antivirus release, dwelling on how to avoid expensive errors while looking for opportunities.
19.12 / 08:55
Blockchain
Scams
Court
Jail
$4B OneCoin scam co-founder pleads guilty, faces 60 years jail
Karl Sebastian Greenwood, the co-founder of the multi-billion dollar fraudulent cryptocurrency scheme OneCoin has pleaded guilty to multiple charges brought forward by the United States Department of Justice (DOJ) and faces a maximum of 60 years in prison.
19.12 / 05:13
Report
Scams
Fraud
ERC-20
350 new 'scam tokens' were created every day this year: Solidus Labs
More than 350 fraudulent cryptocurrency tokens were created per day this year, defrauding millions of investors, according to blockchain risk monitoring firm Solidus Labs.
16.12 / 09:07
regulation
Trading
Scams
Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M
United States prosecutors have laid charges in two separate cases against nine people who founded or promoted a pair of cryptocurrency companies alleged to be Ponzi schemes that netted $8.4 million from investors.
06.12 / 10:45
business
Adoption
Scams
YouTube
Metallica issues crypto scam alert before the 72 Seasons album launch
It’s quite evident that bad actors have left no stone unturned as legendary metal band Metallica warned fans against crypto giveaway scams right before their highly anticipated launch of its new album, 72 Seasons.
05.12 / 21:57
business
Blockchain
Investments
Scams
Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances
Blockchain-based institutional capital marketplace Maple Finance announced on Dec 5 that it plans to cut all ties with Orthogonal Trading due to alleged misrepresentation of finances following the collapse of FTX.
02.12 / 22:37
Blockchain
Twitter
Scams
Fraud
Crypto community weighs in on SBF’s ‘apology tour’
The former CEO of FTX, Sam “SBF” Bankman-Fried, has seemingly begun to embark on an apology tour to redeem his image a month after the sudden implosion of FTX, which revealed that the exchange had been improperly using customer and investor funds.
02.12 / 08:55
business
Trading
Scams
YouTube
500
Front-running scams rampant on YouTube with 500% surge in 2022: CertiK
Front-running scam bots are significantly gaining traction on YouTube, with the number of dubious videos increasing six-fold in 2022 according to a new report from blockchain security firm CertiK.
02.12 / 07:03
02.12 / 01:51
business
Blockchain
Investments
Scams
Fried
Sam
Customer
Former FTX CEO Sam Bankman-Fried denies "improper use" of customer funds
An interview between the Former FTX CEO Sam Bankman-Fried ‘SBF’ and George Stephanopoulos aired on Good Morning America on Dec. 1.
30.11 / 09:23
Adoption
Scams
Metaverse
phishing
Metaverse exploitation and abuse to rise in 2023: Kaspersky
Malware, ransomware attacks and phishing are not the only scourges of the crypto industry as the Metaverse could become a big target next year, according to cybersecurity experts.
29.11 / 23:49
Blockchain
Scams
Fraud
Bitcoin
FTX hacker reportedly transfers a portion of stolen funds to OKX after using Bitcoin mixer
Hackers who drained FTX and FTX USA of over $450 million worth of assets just moments after the doomed crypto exchange filed for bankruptcy on Nov. 11, continue to move assets around in an attempt to launder the money.
27.11 / 03:51
Adoption
Scams
Time
It’s time for crypto fans to stop supporting cults of personality
Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of outsized intellect or talent but because of their piles of money and large Twitter followings. And each time, misplaced trust in their abilities resulted in disastrous consequences.
24.11 / 23:53
Blockchain
Technology
Scams
Polkadot incentivizes its community to fight scams through an “anti-scam bounty”
Polkadot, a protocol that connects blockchains, has announced its latest initiative to help its ecosystem fight scams.
22.11 / 09:11
22.11 / 06:55
business
Law
Scams
Bitcoin
HashFlare founders arrested in 'astounding' $575M crypto fraud scheme
The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy.
18.11 / 07:17
defi
Scams
Fraud
identity
Crypto scammers are using black market identities to avoid detection: CertiK
Crypto scammers have been accessing a “cheap and easy” black market of individuals willing to put their name and face on fraudulent projects — all for the low price of $8, blockchain security firm CertiK has uncovered.
08.11 / 09:23
Government
Blockchain
Scams
NOT
‘Do not delay’ — ASIC warns Aussies to look for 10 signs of a crypto scam
Australia’s market regulator has released a list of the “top-10 ways to spot a crypto scam," amid a detected rise in crypto-related investment scams this year.
01.11 / 08:43
defi
Hackers
hacks
Scams
Scary stats: $3B stolen in 2022 as of ‘Hacktober,’ doubling 2021
The month of October has broken all records for crypto exploits and the amount of digital loot pilfered — living up to its new moniker of "Hacktober" — according to the latest figures.
31.10 / 16:37
business
Technology
Adoption
Scams
Happy Halloween: The five spookiest stories in crypto in 2022
After over 13 years of ups and downs, this year stands out for having the most turbulent bear market in the history of crypto. Owing to a mix of factors — that include regulatory clearances across the globe and improved credibility among projects that survived the bear market — the world of crypto marked numerous milestones this year.
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