Scams Financial News

29.09 / 20:09

Blockchain Ethereum NFT defi DEX Scams BaSe Pond0x DEX claims $100M in trading volume as critics allege it’s a scam

The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a September 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when the coin turned out to have a transfer function that allowed anyone to transfer it without the owner's permission. But supporters claim these losses were not the fault of the developer.

25.09 / 02:31

business defi Altcoin Scams phishing services Crypto exchange Upbit stems fake APT token flood, resumes services

South Korea cryptocurrency exchange Upbit has resumed Aptos (APT) deposits and withdrawals again after fixing an issue that saw a scam APT token incorrectly recognized as the real deal.

21.09 / 06:13

Blockchain Altcoin Tether Scams phishing Scammer Phishing victim sends eye-watering $4.5M in USDT to scammer

An unwitting cryptocurrency holder has reportedly fallen victim to an eye-watering $4.46 million phishing scam.

20.09 / 06:09

regulation Scams Fraud Deutsche Bank Former Deutsche Bank exec pleads guilty over ‘R3 Crypto Fund’ scheme

A former Deutsche Bank investment banker, who was charged earlier this year in relation to a fraudulent cryptocurrency trading scheme, has pleaded guilty to investment fraud — and could face up to 30 years in prison.

20.09 / 06:09

business Scams phishing Bankruptcy Celsius Phishing attacks Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan

Creditors from bankrupt crypto lender Celsius Network are again being targeted in a new wave of phishing attacks as the crypto lender’s bankruptcy proceedings enters its final stages.

20.09 / 00:51

defi Hackers hacks Altcoin Scams DeFi protocol Balancer frontend is under attack, urges users to stay away

Balancer, an Ethereum-based decentralized finance protocol has confirmed its user interface is currently "under an attack."

20.09 / 00:13

Blockchain regulation SEC Scams Fraud Asia Philippines SEC teams up with US counterpart to combat crypto fraud

The Philippines Securities and Exchange Commission (SEC) has teamed up with its United States counterpart, as well as the Asian Development Bank to crack down on criminals using cryptocurrencies to commit fraud and other financial crimes.

19.09 / 05:33

Law regulation Altcoin Scams Court OneCoin Lawyer who laundered $400M from OneCoin scam denied new trial: Report

The lawyer responsible for laundering $400 million from the OneCoin fraud has been denied a motion seeking a new trial, despite a prosecution witness having perjured themselves in the trial against him in 2019.

15.09 / 07:47

business Blockchain Adoption Tokens Scams Chainlink Major Aussie bank takes next step to AUD stablecoin after Chainlink test transaction

Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink’s Cross-Chain Interoperability Protocol.

15.09 / 02:37

Government Blockchain Hackers regulation Scams North Korean crypto hacks down 80% but that could change overnight: Chainalysis

Cryptocurrency stolen by North Korea-linked hackers is down a whopping 80% from 2022 — but a blockchain forensics firm says it isn’t necessarily a sign of progress.

12.09 / 06:25

Blockchain Hackers hacks security Scams FBI stake Hackers behind $41M Stake heist shifts BNB, MATIC in latest move: CertiK

The hackers behind cryptocurrency casino Stake’s $41 million hack have shifted another $328,000 million worth of Polygon (MATIC) and Binance Coin (BNB) tokens — its latest moves following the Sept. 4 exploit, according to blockchain security firm CertiK.

12.09 / 04:11

business Twitter hacks Scams Sim Card X account Vitalik Buterin reveals X account hack was caused by SIM-swap attack

Ethereum co-founder Vitalik Buterin has confirmed that the recent hack of his X (Twitter) account was the result of a SIM-swap attack.

11.09 / 15:15

regulation Scams crimes Thai authorities arrest five in 3,200-victim, $27M crypto scam

Authorities in Thailand arrested five foreign nationals linked with a fraudulent cryptocurrency investment platform that fleeced over $27 million from local investors.

07.09 / 14:07

Blockchain Ethereum hacks Scams phishing Crypto Whale phishing attack Crypto whale loses $24M in staked Ethereum to phishing attack

A cryptocurrency whale has fallen victim to a massive phishing attack, losing millions of dollars in staked Ethereum on the liquid staking provider Rocket Pool.

05.09 / 10:35

business regulation Scams MetaMask phishing MetaMask scammers take over government websites to target crypto investors

Crypto scams targeting MetaMask users are using government-owned website URLs to con victims and access their crypto wallet holdings.

05.09 / 06:23

Adoption Scams exchanges Bitcoin Scams Crypto scams Swyftx Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams

Australian crypto exchange Swyftx is launching a new “Earn and Learn” crypto education platform, aimed at rewarding its users for completing courses covering an array of crypto scams.

05.09 / 02:17

business Cybersecurity security Scams phishing email Crypto is in ‘arms race’ against AI-powered scams: Quantstamp co-founder

With the field of artificial intelligence evolving at near breakneck speed, scammers now have access to tools that can help them execute highly sophisticated attacks en masse, warns the co-founder of Web3 security firm Quantstamp.

04.09 / 07:07

regulation Scams Court Pump and Dump Court rules in favor of HelbizCoin investors, class lawsuit to go ahead

A United States federal court has allowed a nearly three-year-long class-action lawsuit against the creators of HelbizCoin to go ahead,.

01.09 / 09:39

Blockchain defi Hackers hacks Cybersecurity security Scams Exploits, hacks and scams stole almost $1B in 2023: Report

Malicious actors targeting the crypto space have taken more than $45 million in digital assets from their victims in the month of August alone and a total of $997 million year-to-date (YTD), according to a report shared by the blockchain security firm CertiK.

01.09 / 03:55

business Government Sport Scams hearing Ronaldinho denies part in alleged $61M crypto scam at congressional hearing

Retired pro soccer star Ronaldinho Gaúcho has testified at a congressional hearing in Brazil, denying his involvement in an alleged $61 million crypto pyramid scheme that bore his name.

25.08 / 13:35

business defi coinbase Scams Decentralized Exchange Decentralization BaSe Magnate Finance on Base rug-pulls users of $6.5M, as predicted by on-chain sleuth

Magnate Finance, a lending and borrowing platform on Coinbase’s layer-2 protocol, Base, has rug-pulled its users of $6.5 million hours after on-chain sleuths like ZachXBT warned about the possibility of an exit scam due to several actions of the founders of the project.

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