Scams Financial News

15.08 / 20:07

business Blockchain Scams Profiles Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ

According to a Sunday Twitter post by Binance CEO Changpeng Zhao, also known as CZ, only about 50 out of 7,000 users claiming to be employees of the world's largest cryptocurrency exchange on Linkedin are real. The crypto executive lamented the lack of a real-ID authentication system on Linkedin, saying:

08.08 / 08:37

Blockchain Hackers Scams crimes Aurora Labs exec details 'fascinating and devious' crypto scam he almost fell for

Aurora Labs' head of product, Matt Henderson says there is a sophisticated over-the-counter (OTC) transaction scam running about that almost duped him into losing a stash of his hard-earned cryptocurrency.

29.07 / 11:50

Government regulation Scams lawmaker crypto apps US lawmaker calls for Apple and Google to provide info on fake crypto apps

Senator Sherrod Brown, chair of the Senate Banking Committee, has penned letters to the CEOs of Google’s parent company Alphabet and Apple calling for the tech firms to provide information on the ways they prevent certain apps from promoting crypto scams.

21.07 / 09:29

UPS Platform Scams Bitcoin Australian Australian regulator trials auto take-down of crypto scam sites

Cybersecurity specialists have welcomed a new trial by the Australian Competition and Consumer Commission (ACCC) to automatically take down scam websites. The trial saw dozens of scam sites, including crypto scams, knocked offline after more than 300 were reported.

19.07 / 05:35

Hackers Cybersecurity Scams applications Warning crypto apps FBI issues public warning over fake crypto apps

The Federal Bureau of Investigation (FBI) has issued a public warning about fraudulent cryptocurrency apps, which have swindled U.S. investors out of an estimated $42.7 million so far.

14.07 / 17:59

Blockchain Ethereum Binance Scams BNB Chain launches DApp platform with 'Red Alarm' to warn users about scams

BNB Chain has launched a new platform, DappBay, to discover new Web3 projects. DappBay is equipped with a novel feature called Red Alarm, which assesses project risk levels in real-time and alerts users of potentially risky decentralized applications (DApps), according to a Thursday announcement.

12.07 / 05:45

business Blockchain Scams Threat Cyber ‘Nobody is holding them back’ — North Korean cyber-attack threat rises

North Korea-backed cyberattacks on crypto and tech firms will only become more sophisticated over time as the country battles prolonged economic sanctions and resource shortages.

04.07 / 07:35

Twitter Scams YouTube British Army’s social media accounts hacked by crypto scammers

The British Army’s official Twitter, Facebook, and YouTube accounts were breached on July 3 for almost four hours, with scammers promoting rip-off non-fungible token (NFT) collections and cryptocurrency scams.

22.06 / 08:27

Investments Telegram Scams interview Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers

Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme.

21.06 / 00:38

Law regulation Scams Chinese court invalidates 2019 car sale made using now worthless crypto token

Last week, a WeChat post published by the Shanghai Fengxian Court began circulating in crypto circles with regards to its recent ruling on a car sale in May 2019 made using digital currency. At the time, the buyer, identified only as Mr. Huang, signed a sales contract to purchase a 2019 Audi AL6 for CNY 409,800 ($59.477) in exchange for the consideration of 1,281 Unihash (UNIH) tokens with an undisclosed car dealership in Shanghai. Per the original contract, the seller was to deliver the car to Huang within three months' time.

20.06 / 09:43

Twitter Hackers Scams Sim Card Yuga Labs Nifty News: Christie’s NFT expert to lead CryptoPunks, fake heiress launches NFT collection

Noah Davis, the non-fungible token (NFT) specialist at auction house Christie’s, has said he’s leaving the position in July to take up a post as brand lead for the CryptoPunks NFT collection with Yuga Labs.

17.06 / 06:51

Stablecoin Tether Scams Loans Inverse Finance exploited again for $1.2M in flashloan oracle attack

Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flashloan exploit that saw the attackers make off with $1.26 million in Tether (USDT) and Wrapped Bitcoin (WBTC).

14.06 / 16:41

Blockchain Cybersecurity security Scams Features OpenSea announces new security features to protect users from NFT scams

One of the most popular crypto startups, OpenSea, has recently come under fire for stolen and plagiarized nonfungible tokens (NFTs).

14.06 / 07:13

Blockchain Report Scams AML Illicit crypto usage as a percent of total usage has fallen: Report

Illicit cryptocurrency activity in 2021 and the first quarter of 2022 has declined as a percentage of overall crypto activity, according to blockchain forensics firm CipherTrace.

06.06 / 20:29

Blockchain defi security Scams CertiK shares security tips following third BAYC security compromise in six months

On June 4th, popular nonfungible tokens, or NFTs, project Bored Ape Yacht Club (BAYC) suffered its third security compromise this year. Nearly 142 Ether ($250,000) worth of NFTs was stolen after hackers gained access to the Discord account of a BAYC community manager and posted a message with a link to a fake website.

03.06 / 07:43

business Scams FBI Crypto scams 'Pig slaughtering' crypto scams reap millions on Silicon Valley dating apps

Lonely hearts in Silicon Valley are reportedly falling prey to a wave of "pig slaughtering” crypto scams via dating apps.

31.05 / 05:59

Law Scams Survey Aussie consumer group calls for better crypto regs due to ‘lagging laws’

Australian consumer advocacy group CHOICE has called on the federal government to provide better protection for crypto investors while submitting a proposed regulatory framework for cryptocurrency exchanges operating in the country.

27.05 / 14:09

Blockchain Hackers Gaming Scams Hacker tastes own medicine as community gets back stolen NFTs

The tales of traders getting scammed out of their nonfungible tokens (NFTs) were quite common at the peak of the NFT boom. However, in an interesting turn of events, the Solana community came together to “scam” a scammer in order to get back some stolen NFTs.

27.05 / 06:55

Twitter Adoption Scams Crypto spam increases 4000% in two years: LunarCrush

Spam and bots have been the bane of anyone that uses the internet for years, but recently this digital scourge has ramped up activity in the crypto sector in a big way.

26.05 / 12:29

Twitter Adoption Scams elon ‘Yikes!’ Elon Musk warns users against latest deepfake crypto scam

Tesla CEO Elon Musk distanced himself from yet another fabricated video promoting a cryptocurrency scam.

25.05 / 11:57

Ethereum NFT Scams phishing NFT owners reminded to be vigilant after 29 Moonbirds were stolen by clicking a bad link

A Proof Collective member has fallen victim to a scam, losing 29 highly-valuable Ethereum-based Moonbirds. According to a tweet by Cirrus on Wednesday morning, the victim lost 29 Moonbird nonfungible tokens (NFTs) worth $1.5 million after clicking a malicious link shared by a scammer.

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