Scams Financial News

24.08 / 08:33

business Government regulation Scams UK government Cold Calls UK considers blanket ban on crypto investment cold calls

As the United Kingdom prepares for a ban on finance-related cold calls, the UK Treasury issued a consultation and call for evidence to gauge a full picture of the impact on businesses, or the costs associated with introducing and implementing the ban.

23.08 / 19:57

Law regulation Scams crimes Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report

Police in Israel have reportedly accused entrepreneur Moshe Hogeg of defrauding users out of roughly $290 million through scams involving crypto projects.

23.08 / 16:11

business Blockchain Law Ethereum Telegram Scams Multichain Exploit Multichain victims search for answers in $1.5B exploit as new evidence emerges

On July 14, developers of the $1.5-billion Chinese cross-chain protocol Multichain confirmed users’ worst fears. The protocol’s CEO, identified only as “Zhaojun He,” was arrested by Chinese authorities in Kunming on May 21 after months of repeated denials on official communication channels. Also allegedly arrested was Multichain’s core team, which was operating in Shanghai.

22.08 / 13:45

Law Adoption regulation education Scams Police Crypto P2P scams in India show digital asset education is needed

Peer-to-peer (P2P) cryptocurrency trading has been a staple of the cryptocurrency community since the industry’s early days.

22.08 / 11:55

defi Altcoin Scams phishing LUNC Terraform Labs Terra Phishing scams Terra.money website frozen to prevent more phishing scams

Layer-1 blockchain Terra has temporarily shut down its website in order to protect users from ongoing phishing scams on the platform.

21.08 / 03:51

business Adoption Hackers Scams Fraud Court Bitcoin On-chain tool to seize crypto is a purist's nightmare, but a must: CEO

The founder of layer-1 blockchain Jurat has defended his protocol against potential haters, arguing that on-chain legal enforcement is a necessary trade-off for crypto mass adoption.

18.08 / 10:33

defi Scams Fraud How To Financial What is Feedzai, and how is it used to detect financial fraud?

Financial scams are rising, with losses amounting to $8.8 billion in 2022 alone. According to the United States Federal Trade Commission, losses from financial fraud have increased by 30% from 2021 to 2023. This paints a dire portrait of the dark underbelly of digital advancement, with scammers now leveraging generative artificial intelligence (AI) to craft increasingly complex and realistic scams.

17.08 / 08:07

business regulation Scams Police Blockchain Game National play Axie Infinity’s play-to-earn ‘scheme’ alarms Phillippine National Police

The Philippine National Police Anti-Cybercrime Group (PNP ACG) scrutinized some of the models used by cryptocurrency games, warning Filipino citizens against the various schemes used to extort money from the gaming community.

16.08 / 19:45

defi coinbase Scams BaSe SwirlLend rugs on new Coinbase layer 2 Base as large number of scammers reported

Base, Coinbase’s new layer 2, has been fully operational for a week and has already seen an influx of bad actors. In the latest incident, crypto lender SwirlLend, formerly active on Base and Linea, has apparently carried out an exit scam, otherwise known as a rug pull.

16.08 / 10:19

Blockchain Hackers hacks Cybersecurity security Scams Bitcoin Scammer CertiK drops findings on alleged scammer who stole $1M in crypto

Potential evidence linking an anonymous scammer to a Canadian group was highlighted by blockchain security firm CertiK in a report sent to Cointelegraph; however, the company has so far failed to confirm the name or identity of the perpetrator(s).

12.08 / 13:31

Blockchain CFTC regulation Tokens Scams CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud

Legal proceedings have been initiated by the Commodity Futures Trading Commission (CFTC) against individuals and their organization, Fundsz, citing their involvement in a deceptive scheme concerning cryptocurrencies and precious metals trading.

11.08 / 21:05

Twitter Scams Scientists used AI to find and track 95K ‘cryptocurrency free giveaway’ scams on Twitter

Researchers from San Diego State University in California developed an artificial intelligence (AI) system to identify, track and expose free cryptocurrency giveaway scams on X (formerly Twitter).

09.08 / 02:19

business Hackers hacks Altcoin Scams phishing X account Blockchain Capital’s X account hacked promoting token claim scam

The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital has seemingly been taken over by scammers attempting to lure users with the promise of a token claim.

06.08 / 03:01

Blockchain Twitter NFT Google Scams phishing FBI Phishing scams FBI warns of phishing scams and social media account hijackers

The Federal Bureau of Investigation has warned of criminal actors that are hijacking social media accounts and posing as legitimate people in the nonfungible token and crypto space.

04.08 / 14:33

Blockchain NFT Cybersecurity security Scams community Warning Users said CertiK's warning was a false alarm, then, the project rugged

A blockchain security firm tried to warn users of an imminent rug pull surounding a crypto project. Investors became angry and fired back. The firm rescinded the security alert. Then, the project it accused of being a rug pull, pulled the plug.

02.08 / 22:31

Blockchain Ethereum defi Hackers hacks Scams DAO Curve emergency DAO terminates rewards for hack-related pools

The Curve Finance lending protocol has terminated governance token rewards for select liquidity pools affected by the July 30 Curve exploit and July 6 Multichain exploit, according to an Aug. 2 social media post from a member of the protocol’s governing body.

01.08 / 13:19

Blockchain Ethereum Scams phishing Scammer Zero transfer scammer steals $20M USDT, gets blacklisted by Tether

A scammer using zero transfer phishing attack managed to steal $20 million worth of Tether (USDT) on Aug. 1 before getting blacklisted by the stablecoin’s issuer Tether.

31.07 / 17:45

Blockchain Ethereum Tokens Scams Launch memecoin Rug Pull BALD token developer denies rug pull as price falls 85% post-launch

A new memecoin on Coinbase’s Base network fell 85% after its developer allegedly pulled liquidity of 1,034 Ether (ETH), worth approximately $1.9 million, from the market, according to social media reports. The developer for BALD denied making any market sales of the coin, stating that they “only added/removed 2 sided liquidity and bought.”

28.07 / 04:53

Twitter Hackers hacks Ripple XRP Scams Lawyer Pro-XRP lawyer Jeremy Hogan’s scam tweet bonanza finally falls silent

The recent flood of scam tweets on pro-XRP lawyer Jeremy Hogan’s hacked account has finally dried up after nearly four days.

27.07 / 20:29

business Twitter Social Media Scams Worldcoin Scammers pile on to impersonate WorldCoin on Twitter following token launch

Several fake accounts on X — formerly Twitter — were pushing malicious links to followers following the launch of the Worldcoin human identity verification token.

27.07 / 02:15

business Adoption Hackers regulation Cybersecurity Scams lazarus Crypto payment gateway CoinsPaid suspects Lazarus Group in $37M hack

Cryptocurrency payments platform CoinsPaid has pointed the finger at North Korean state-backed Lazarus Group as being behind the hacking of its internal systems, which allowed them to steal $37.3 million on July 22.

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