Scams Financial News

17.02 / 14:17

NFT defi Tokens Scams Fake alert! New projects pose as prominent brands to lure crypto investors

Creating a new crypto project is dangerously easy: One needs to generate a token, pick a ticker, market it to the crypto community through coin information websites such as CoinMarketCap or CoinGecko, and then get it listed on decentralized exchanges or the thousands of new centralized crypto exchanges that will do almost anything for money.

17.02 / 10:13

Blockchain Analysis Scams Fraud 4% of crypto whales are criminals and they have $25B between them: Chainalysis

Chainalysis data shows that 4068 criminal whales (roughly 4% of all whales) are hodling more than $25 billion worth of cryptocurrency between them.

17.02 / 06:31

Blockchain Hackers Scams Fraud Time Warning Warning: How 'One Time Password' bots can steal all your crypto

Cybercriminals are using bots purchased on Telegram to trick users into giving them access to their cryptocurrency accounts.

15.02 / 22:51

business Adoption Scams Customer OpenSea customer service migrating from Discord to Metalink to more adequately protect its community

On Tuesday, nonfungible token, or NFT, platform OpenSea launched a server on Metalink to give the verified owners of its collections a direct channel for support, feedback and updates. In addition, OpenSea said it would no longer offer customer support over Discord DMs. Metalink is a collaboration app for NFT communities that offers users a place to view their collection's value and monitor its associated real-time transaction feed. In addition, channels hosted on Metalink are token-gated, meaning that proof of ownership of an NFT or social token is required to access the content.

15.02 / 13:31

business Twitter Scams Counterfeit NFTs result in marketplace shutdown: Experts weigh in

“Rampant” issues relating to minting counterfeit nonfungible tokens, or NFTs, have forced popular platform Cent to halt some operations.

12.02 / 08:25

Blockchain Scams Bitcoin week FBI warns against rising crypto romance scams during Valentine's week

The United States Federal Bureau of Investigation (FBI) has issued a warning against the rise in romance scams in the San Francisco Bay Area, with the latest trend involving cryptocurrencies.

11.02 / 07:39

business Scams Charity BBC BBC pulls doco as doubts emerge over trader who turned $50 into $8M

The BBC has pulled a documentary focused on a 20-year-old crypto trader who supposedly turned $50 into an $8 million fortune last year.

09.02 / 07:43

hacks regulation Scams bail 'Comedic rapper' charged over Bitfinex hack laundering out on bail

New York resident Heather Morgan, 31, claims to be many things: “a serial entrepreneur, prolific writer, irreverent comedic rapper, and investor in B2B software companies with high growth potential.”

08.02 / 20:21

Blockchain Technology defi Scams saga Wonderland’s treasury saga exposes the fragility of DAO projects today

The Wonderland protocol became the talk of the decentralized finance (DeFi) world after the platform was found at the center of a brewing controversy.

06.02 / 19:07

Ethereum Report Scams AML Chainalysis report finds most NFT wash traders unprofitable

Nonfungible tokens (NFT) have taken the world by storm, resulting in mainstream interest and greater adoption of cryptocurrency. According to blockchain analysis firm Chainalysis, NFT popularity skyrocketed in 2021. Chainalysis’ “NFT Market Report” shows a minimum of $44.2 billion worth of cryptocurrency sent to Ethereum smart contracts associated with NFT marketplaces and collections last year. The report notes that this number was $106 million in 2020.

04.02 / 07:15

Facebook Scams Fraud Aussie competition watchdog investigating Meta over crypto scam ads

Australia's consumer and competition (ACCC) watchdog is investigating Facebook’s parent company Meta for a long running series of fraudulent cryptocurrency advertisements of the platform.

03.02 / 06:31

regulation Scams Court Meta Platforms Crypto scams Aussie billionaire sues Facebook over crypto scams with AG's consent

Australian billionaire Andrew “Twiggy” Forrest is taking Facebook to court over scammy cryptocurrency ads that he alleges used his name to defraud victims.

03.02 / 00:35

Blockchain defi Scams Fraud Rug Pull youtuber Youtuber and alleged thief publicly refuses to return investors' funds after $750k rug pull

On Wednesday, American Youtuber and "internet detective" Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul "Ice Poseidon" Denino. During the session, Denino allegedly confirmed that he made off with $750k worth of his investors' money through rug pulling a crypto project dubbed "Cxcoin."

25.01 / 00:25

Blockchain Twitter Adoption Scams There’s a browser plugin that autoblocks Twitter NFT profile pictures

That was quick. Within 24 hours of the launch of the Twitter nonfungible token, or NFT, profile pictures for iOS update, a github contributor called mcclure has coded up and shared a browser extension that automatically blocks Twitter accounts using an NFT profile picture.

24.01 / 21:14

Blockchain Technology Scams YouTube Coin Bureau Youtube channel hacked despite 2FA protection

Coin Bureau, a popular information portal for cryptocurrency developments with over 600,000 followers on Twitter, experienced a security breach on its Youtube channel on Monday. Hackers allegedly uploaded a video with links to scam fiat/cryptocurrency addresses soliciting a token sale before being taken down by Youtube. According to Coin Bureau staff, they were baffled by the incident as its accounts were "secured with ultra-strong passwords and Google security keys."

24.01 / 07:31

Hackers hacks Scams YouTube fall Crypto YouTubers fall victim to hacking and scamming attempt

Hackers attacked a number of popular crypto YouTuber accounts at some point during the afternoon of Jan. 23. The accounts posted unauthorized videos with text directing viewers to send money to the hacker's wallet.

20.01 / 08:39

Blockchain Hackers Scams DDoS 'Less sophisticated' malware is stealing millions: Chainalysis

Cryptojacking accounted for 73% of the total value received by malware related addresses between 2017 and 2021, according to a new malware report from blockchain analysis firm Chainalysis.

18.01 / 11:33

Blockchain Scams Police Rug Pull Chinese police unearth multi-million dollar DeFi rug pull

Beijing’s crackdown on crypto continued with the start of the new year as Chinese police froze nearly 6 million yuan ($1 million) worth of crypto and arrested eight people involved with it.

14.01 / 16:35

Blockchain Ethereum Liquidity Scams Battle of the bots: WTF token launch drains 58 ETH

Fees.wtf is a simple service that shows Ether (ETH) users their lifetime spending amount on Ethereum blockchain transactions by measuring gas. You plug in your wallet address on its website, and it tells you how much gas you spent.

11.01 / 12:19

Scams Fraud Bitcoin Warning FTC issues public warning about new crypto ATM scam

The FTC published an alert of a new version of a scam involving cryptocurrencies. The scam has three key components, an impersonator, a QR code and a crypto ATM where the victims will be directed to send money.

06.01 / 21:47

business Television Scams Cybercrime Crypto scams Comedian Stephen Colbert spoofs 'Colbert Coin' in response to rise in crypto scams

Stephen Colbert, the charismatic host of CBS’ The Late Show, is once again associating many cryptocurrencies with scams — but doing so by parodying the vernacular of a seasoned HODLer.

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