Scams Financial News

27.10 / 03:25

Blockchain hacks Scams Media phishing Scammers create Blockworks clone site to drain crypto wallets

Phishing scammers have cloned the websites of crypto media outlet Blockworks and Ethereum blockchain scanner Etherscan to trick unsuspecting readers into connecting their wallets to a crypto drainer.

26.10 / 17:39

regulation SEC Scams crypto market “We Obtained Judgments Worth $5 Billion” Gary Gensler Recounts Achievements Amid Backlash

The head of the Securities and Exchange Commission (SEC) Gary Gensler disclosed a summary of the agency’s performance in its quest to promote a more transparent market.

21.10 / 08:31

Scams crimes FTX Bitcoin FTX clients face deceptive priority withdrawal scam

FTX users are reportedly being targeted in a withdrawal scam. X (formerly Twitter) user and FTX creditor advocate Sunil cautioned FTX account holders about the phishing scam and urged them to avoid clicking on dubious links.

20.10 / 04:49

business Scams Tim Draper warns of crypto scams using his AI-synthesized voice

American venture capitalist Tim Draper issued a warning on social media that scammers are attempting to con crypto users using an artificial intelligence (AI) voice generator.

16.10 / 11:21

Adoption regulation Scams European Union Banks banking Customers Scammers prefer banking customers over crypto investors in Ireland: Report

Fraudsters in Ireland prefer targeting traditional banking customers instead of cryptocurrency investors amid a two-year-long bear market.

16.10 / 05:45

Blockchain Hackers Scams Smart Contracts BSC malware EtherHiding: Hackers create novel way to hide malicious code in blockchains

Cybercriminals have discovered a new way to spread malware to unsuspecting users, this time, by manipulating BNB Smart Chain (BSC) smart contracts to hide malware and disseminate malicious code.

12.10 / 09:15

business hacks regulation Scams Fraud FTX Trial whistleblower Lost Alameda Research lost $190M to scams and ‘questionable’ blockchains: Whistleblower

FTX’s sister hedge fund, Alameda Research, lost at least $190 million of its trading funds due to arguably avoidable scams, according to a former engineer at the firm.

12.10 / 09:15

business Scams Court Internet BlackRock seeks court crackdown on 44 copycat sites, some crypto adjacent

Investment giant BlackRock has called for a crackdown on a range of potentially scammy domains and “typosquatting” websites it alleges are taking advantage of its name.

10.10 / 16:05

Art Adoption SEC Scams Artists us government Meet the guerilla artist who staged a crypto ‘rug pull’ in front of the SEC

Street vendors abound in downtown Manhattan’s Financial District. But weeks ago, on Sept. 14, an especially unconventional seller set up shop in front of the United States Securities and Exchange Commission (SEC), transforming a patch of Maiden Lane into a colorful quilt of doormats, each spray painted with the straightforward instruction to “pull.”

10.10 / 07:13

business Binance regulation Scams Fraud phishing HK Binance users in Hong Kong lose $450K in wave of fraud texts: HK police

Hong Kong’s police force has raised the alarm after 11 Hong Kong-based Binance customers were targeted in a wave of phishing scams sent through text messages.

10.10 / 05:05

defi Hackers hacks Cybersecurity security Scams Sim Card Friend Friend.tech adds new security upgrade in wake of SIM-swap attacks

The team behind the decentralized social media platform Friend.tech has added a new security feature amid attempts to stem a flood of SIM-swap attacks targeting its users.

09.10 / 19:07

Blockchain NFT defi hacks regulation Scams Astrology NFT project ‘Lucky Star Currency’ rugged for over $1m - Certik

The astrology-themed NFT project Lucky Star Currency (LSC) has performed an exit scam for over $1 million, according to an October 9 report from blockchain security firm Certik.

09.10 / 06:27

Blockchain Altcoin Scams Fraud DAO Opensea memecoin OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull

Nonfungible token (NFT) platform OpenSea says it is unaware of any evidence pointing to a former employee being involved in the infamous AnubisDAO rug pull in 2021 following new accusations on social media.

09.10 / 05:17

business Hackers hacks Cybersecurity security Scams Crypto exchange Upbit was targeted by hackers 159K times in H1: Report

South Korean cryptocurrency exchange Upbit has been targeted by hackers on more than 159,000 occasions in the first half of 2023, according to its operating firm.

06.10 / 18:39

defi Hackers hacks Web3 Scams Decentralization Galxe protocol experiences DNS attack, losses top $150K and still growing

The website of Web3 community platform Galxe was offline for about an hour on Oct. 6. Galxe reported on X (formerly Twitter) that its website was down at 14:44 UTC, confirming 40 minutes later that it had experienced a security breach affecting its Domain Name System (DNS) record. It warned against visiting the domain until the situation was remedied.

06.10 / 05:47

regulation Scams Court Pump and Dump EMAX investors given third and final chance at celeb promo suit

The plaintiffs of the EthereumMax (EMAX) investor class action lawsuit have been given a final chance to amend their claims against the celebrities they accuse of promoting the now-defunct cryptocurrency.

05.10 / 06:39

Ethereum hacks Social Media Scams Sim Card Scammer Friend Friend.tech SIM-swap scourge continues as scammer nets $385K in Ether

A single scammer has reportedly managed to steal around $385,000 worth of Ether (ETH) in less than 24 hours amid a scourge of SIM-swap hacks seemingly targeting Friend.tech users.

04.10 / 17:25

Blockchain Web3 security Scams phishing This security tool can detect honeypots and other Web3 scams

As the Web3 world evolves, so too do scam techniques. As crypto literacy continues to grow among all demographics, scammers are developing new approaches and refining old tricks to bilk victims out of their assets.

04.10 / 10:11

Law regulation Scams Fraud Ponzi scheme Bitcoin Crypto Ponzi scheme AirBit: All but one exec now sentenced

The United States District Court for the Southern District of New York is progressing with the sentencing procedure for key individuals behind the cryptocurrency Ponzi scheme AirBit Club.

03.10 / 19:57

Blockchain Ethereum defi Cybersecurity security Scams Q3 Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi

Crypto and Web3 projects suffered a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents. But in Q3 2023, this number swelled to 76. Nearly $686 million was lost in the recent quarter.

02.10 / 10:19

defi Hackers hacks Scams phishing September becomes the biggest month for crypto exploits in 2023: CertiK

September has officially become the worst month in 2023 (so far) for crypto-related exploits — with a whopping $329.8 million in crypto stolen.

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