Scams Financial News

28.10 / 09:17

Blockchain Report Scams Research Web3 sees 15 new scam smart contracts an hour: Solidus Labs

The Web3 and cryptocurrency space is seeing a significant amount of smart contract scams proliferating, with blockchain risk monitoring firm Solidus Labs saying it has detected on average 15 newly deployed scams every hour.

28.10 / 06:21

business Binance Google Scams crypto phishing Google still promoting crypto phishing sites warns Binance boss

Binance CEO Changpeng Zhao (CZ) has warned that Google search results are still promoting crypto phishing and scamming websites.

27.10 / 08:23

Blockchain NFT Scams phishing Scammer Phishing scammer Monkey Drainer has pilfered as much as $1M in Ethereum

An alleged phishing scammer going by the pseudonym “Monkey Drainer” has reportedly swiped around $1 million worth of Ether (ETH) via dubious copycat NFT minting websites this week.

24.10 / 09:57

business Hackers Scams API Time compensation FTX to give a 'one-time' $6M compensation to phishing victims

Cryptocurrency exchange FTX will provide around $6 million in compensation to victims of a phishing scam that allowed hackers to conduct unauthorized trades on certain FTX users’ accounts.

24.10 / 08:07

Blockchain Hackers hacks Scams Mango Market exploiter brags after rug pulling Mango Inu 'shitcoin'

In just over a week after pulling off the $117 million exploit of Mango Markets, Avraham Eisenberg is now boasting about making $100,000 rug-pulling a “shitcoin” called Mango Inu, again claiming he "did nothing wrong."

22.10 / 08:23

Hackers Tether Scams Bitcoin Gate.io users at risk as scammers fake giveaway on hacked Twitter account

Hackers took over the official Twitter account of crypto exchange Gate.io, putting over 1 million users at risk of losing funds to an ongoing fraudulent Tether (USDT) giveaway.

19.10 / 20:15

Blockchain Ethereum Scams Bitcoin Time analyst Crypto hacks are set to hit all-time highs in 2022, analyst explains

Reducing the amount of hacking by improving cybersecurity should be considered a top priority for the crypto industry, said Kim Grauer, director of research of blockchain intelligence firm Chainalysis.

19.10 / 06:57

Law regulation Scams Ponzi scheme Cryptoqueen 'Cryptoqueen' associates face German court for role in $4B OneCoin scheme

Three associates of fugitive OneCoin founder Ruja Ignatova, known colloquially as the “Cryptoqueen,” have faced a German court over allegations of fraud, money laundering and banking crimes.

14.10 / 10:29

regulation security Scams Fraud NOT Industry exec explains why NFT fraud protection falls on brand and not marketplaces

Nonfungible token (NFT) marketplaces should commit to combat fraudulent NFTs, but brands are far more responsible for protecting NFT investors, according to one industry executive.

05.10 / 09:32

regulation Scams Fraud FBI Crypto ATMs emerging as popular method for crypto scam payments: FBI

The Federal Bureau of Investigation (FBI) Miami Field Office has warned that crypto ATMs are emerging as a popular method that scammers use to receive funds from defrauded victims.

04.10 / 08:21

Twitter Art Scams Fraud Beeple's Discord URL 'hijacked,' directing users to wallet drainer

Non fungible token (NFT) artist Mike "Beeple" Winkelmann has found himself the target of phishing scammers yet again, warning users that the URL link to his official Discord server was “hacked” — sending unaware new members to a wallet draining Discord channel if they follow the link.

02.10 / 00:25

Law CFTC Scams regulatory California fraud cases highlight the need for a regulatory crackdown on crypto

The California Department of Financial Protection and Innovation (DFPI) announced last month that it had issued desist and refrain orders to 11 entities for violating California securities laws. Some of the highlights included allegations that they offered unqualified securities as well as material misrepresentations and omissions to investors.

20.09 / 17:23

Blockchain Binance security Scams BNB Chain launches a new community-run security mechanism to protect users

BNB Chain, the native blockchain of Binance, has launched AvengerDAO, a new community-driven security initiative to help protect users against scams, malicious actors and possible exploits.

14.09 / 18:19

business Law Digital Currency Scams Want to keep exchanges like Celsius from seizing your money? Be a 'custody client'

Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody clients,” but not to its “earn-and-borrow” customers. Wondering how to keep yourself in the former group when the crypto exchange you’re using goes under? Here’s a summary.

06.09 / 05:45

business Twitter Scams Bitcoin ‘Far too easy’ — Crypto researcher’s fake Ponzi raises $100K in hours

Crypto influencer FatManTerra claims to have gathered over $100,000 worth of Bitcoin (BTC) from crypto investors in an investment scheme that was later revealed as fake.

01.09 / 05:47

business Blockchain Scams Monero Sneaky fake Google Translate app installs crypto miner on 112,000 PCs

Crypto mining malware has been sneakily invading hundreds of thousands of computers around the world since 2019, often masquerading as legitimate programs, such as Google Translate, new research has found.

31.08 / 20:11

Law Scams Cryptoqueen Extradition Accomplice of 'Cryptoqueen' Ruja Ignatova faces extradition to US: Report

Christopher Hamilton, a British national allegedly connected to Cryptoqueen’ Ruja Ignatova’s cryptocurrency scheme OneCoin, reportedly faces extradition to the United States on charges related to a scam going back to 2014.

24.08 / 23:41

business Scams crimes Elliptic More than $100M worth of NFTs stolen since 2021 — Elliptic

Cryptocurrency risk management firm Elliptic has released a report suggesting that scammers stole more than $100 million worth of nonfungible tokens, or NFTs, starting in 2021.

22.08 / 16:23

Technology Adoption Scams Metaverse is a key factor in long-term NFT success, says new research

A new report from Juniper Research analyzed the trajectory of the nonfungible token (NFT) market over the next five years. According to the study, global transactions related to NFTs will escalate from 24 million in 2022 to nearly 40 million by 2027.

22.08 / 07:25

Blockchain Cybersecurity Scams Crypto scams analyst Cybersecurity analyst reveals 8 sneaky crypto scams on Twitter right now

Cybersecurity analyst Serpent has revealed his picks for the most dastardly crypto and non-fungible token (NFT) scams currently active on Twitter.

17.08 / 17:15

Scams Football Tezos elon Fake Manchester United token soars 3,000% after Elon Musk jokes about buying team

Manchester United Fan Token (MUFC) is a dead coin and not related to the sports franchise, but one Elon Musk tweet was enough to revive it on Aug. 17.

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