Scams Financial News

05.01 / 20:01

Blockchain defi Scams Fraud Rug Pull CertiK identifies Arbix Finance as a rug pull, warns users to steer clear

Binance Smart Chain-based yield farming protocol Arbix Finance was identified by blockchain security company CertiK as a rug pull.

05.01 / 17:53

Adoption NFT Scams Influencer The worst influencer and celebrity NFT cash grabs of 2021

The monumental growth of the nonfungible token (NFT) sector in 2021 was a double-edged sword. While it may have transformed the wealth of countless investors and artists alike, it also gave birth to an alarming trend of popular figures who pounced on the tech to turn JPEGs into a quick profit.

05.01 / 15:49

Scams community Media New LGBT token aims for equity but raises red flags with community

The cryptocurrency community has raised concerns about Maricoin, a new token supposedly related to the LGBT+ community, with some people even suspecting the project to be a scam.

31.12 / 18:57

defi hacks Tokens Scams Threat Airdrop culture could pose integral threat to DeFi industry

EtherWrapped, a project designed to provide a yearly summary of users nonfungible token (NFT) activity, launched a little over eight hours ago to palpable fanfare within the crypto community.

24.12 / 20:52

Adoption Hackers Analysis Scams Crypto users Beware of sophisticated scams and rug pulls, as thugs target crypto users

This year has been monumental for the cryptocurrency sector in terms of mainstream adoption. A recent report published by Grayscale Investments found that more than one-quarter of United States investors (26%) surveyed own Bitcoin (BTC), up from 23% in 2020. With the holidays around the corner, financial services provider MagnifyMoney also found that nearly two-thirds of surveyed Americans hope to receive cryptocurrency as a gift this year.

23.12 / 00:33

Technology Hackers Scams phishing compensation Hong Kong NFT project Monkey Kingdom loses $1.3M in phishing hack, launches compensation fund

On Tuesday, Solana nonfungible token (NFT) project Monkey Kingdom, which has received notable backing from American DJ Steve Aoki, announced via Twitter that hackers made off with $1.3 million of the community's crypto funds through a security breach on Discord.

25.11 / 16:55

markets fees Scams Auction ConstitutionDAO: PEOPLE price pumps 200% as new ‘We The People’ token unveiled

PEOPLE, the governance token of ConstitutionDAO, soared in value by nearly 200% in just 24 hours despite its trading volumes falling off the cliff in the same period, data on CoinMarketCap shows.

25.11 / 05:05

NFT Scams Blockchain Game Drop Animoca to repay users 265 ETH stolen in fake NFT drop Discord hack

Hong Kong-based gaming and venture capital company Animoca Brands and subsidiary Blowfish Studios have promised users that they will repay 265 ETH (US$1.1 million) stolen in a fraudulent nonfungible token (NFT) sale on D`iscord.

22.11 / 12:14

Dogecoin Blockchain Investments Scams Shiba Inu team issues scam alert to SHIB investors

The team behind meme cryptocurrency Shiba Inu (SHIB) has issued a public warning against ongoing online scams that primarily target altcoin investors interested in SHIB tokens.

11.11 / 18:05

Blockchain regulation Trading Scams Rug Pull How to spot a rug pull in DeFi, 6 tips by Cointelegraph

In our latest in-depth video, Cointelegraph shares six key tips on how to increase your safety when investing in DeFi by identifying rug pulls — One of the most widespread types of crypto scams.

11.11 / 08:43

Art NFT Scams Beeple’s Discord compromised, timed to coincide with Christie’s auction

An admin account for Beeple’s official Discord group was compromised overnight resulting in a fake NFT drop that saw users lose an estimated 38 ETH.

04.11 / 06:11

Binance defi Scams SQUID token up 600% today despite debacle and Binance investigation

The world’s biggest crypto exchange, Binance, has launched an inquiry into the Squid Game token to trace funds associated with the epic 45,000% pump and dump a few days ago.

02.11 / 15:19

Investments Scams White Paper BBC collapses Game over! Squid Game-inspired crypto scam collapses as price crashes from $2.8K to zero

A cryptocurrency inspired by Netflix's internationally hit TV show "Squid Game" scammed investors in what appears to be a $3.38 million "rug pull" scheme.

02.11 / 07:11

Blockchain Law Scams class action Aussie firm to launch $100M class action over dodgy QOIN token

The issuer of a controversial cryptocurrency that can only be sold in batches of $125 daily on a single exchange is facing pushback from an Australian law firm.

01.11 / 15:07

Twitter Social Media CoinMarketCap Scams Twitter flags Squid Game token accounts as price crashes

Following a mind-blowing price surge, the Squid Game (SQUID) token plummeted over 99% shortly after Twitter flagged its “official” accounts on the social media platform as suspicious.

29.10 / 16:43

Altcoin CoinMarketCap Netflix Scams NOT Users not able to sell Squid Game token clocking 45,000% gains

A new token inspired by popular Netflix show Squid Game has posted 45,000% growth in a few days after launch earlier this week, but multiple investors are reportedly unable to sell the token.

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