Scams Financial News

29.03 / 05:45

business wallet Tokens Scams Airdrop MetaMask phishing Scam alert: MetaMask warns users of deceptive March 31 airdrop rumors

Web3 wallet provider MetaMask has warned its users of “false rumors” of a purported MetaMask airdrop, which appears to have been making the rounds on social media.

27.03 / 05:45

business Blockchain defi Altcoin security Scams lending exit $4M 'exit scam' suspected as Kokomo Finance flies off radar, token plunges

Optimism-based lending protocol Kokomo Finance has been suspected of a $4 million “exit scam” that has seen user funds plucked out from the platform via a smart contract loophole.

23.03 / 11:37

Blockchain Scams Bitcoin Scams Chainalysis breaks down how scammers adapt during the bear market

While scammers can also feel the chill of the crypto winter as scam revenue drops by 46%, some continue to adapt and thrive despite the bear market.

22.03 / 19:55

Adoption Cybersecurity Scams A third of US crypto holders have experienced theft: Report

Cybersecurity services provider Kaspersky has released a report on risks associated with cryptocurrency use. The report titled "Crypto Threats 2023" focused on the United States and uncovered some surprisingly poor user security habits.

22.03 / 09:23

regulation Department Of Justice Scams Fraud Money laundering FBI Extradition compliance OneCoin head of compliance facing 40 year sentence after US extradition

United States federal prosecutors have charged a former executive of the fraudulent cryptocurrency scheme OneCoin for her role in the operation, who now faces up to 40 years in prison after being extradited from Bulgaria.

20.03 / 13:59

defi security Scams Project claiming to be 'AI-powered' drains $1M from users

As artificial intelligence (AI) recently became a trending topic due to the capabilities displayed by ChatGPT v4, a project claiming to be an “AI-based” decentralized application has taken almost $1 million from its users in a suspected scam.

20.03 / 09:41

Blockchain defi Cybersecurity Tokens Scams Cybercrime phishing Beware of fake Arbitrum Airdrops, community warns

Ethereum layer-2 scaling solution Arbitrum's upcoming "ARB" token Airdrop appears to have become a popular target for scammers, with the community warning of hundreds of phishing scams aimed at tricking crypto users.

16.03 / 15:11

Ethereum NFT hacks Scams crimes Cybercrime phishing Scam alert: $300K stolen by fake Blur airdrop websites

Scammers continue to prey on nonfungible token (NFT) users looking to claim Blur (BLUR) token airdrops through numerous scam websites.

14.03 / 22:45

business Investments Scams Bitcoin NatWest bank puts $6K monthly limit to crypto exchange payments

NatWest, a retail and commercial bank in the United Kingdom, is taking measures to protect customers from potential crypto losses amid Bitcoin (BTC) hitting multi-month highs.

09.03 / 05:37

business regulation Department Of Justice Scams Fraud us government Bitcoin Prison AirBit Club execs face decades in prison after pleading guilty to $100M fraud

Six people involved in a cryptocurrency “Ponzi scheme” that raked in about $100 million over five years have pled guilty to a series of fraud and money laundering charges, each carrying a maximum sentence of 20 to 30 years of prison.

08.03 / 08:57

business regulation coinbase Scams Fraud Court debate Debate over 2FA using SMS after sim-swapping victim sues Coinbase

The crypto community is debating whether SMS two-factor authentication (2FA) should ever be used for account security following news that a Coinbase customer is suing the cryptocurrency exchange for $96,000.

07.03 / 14:23

regulation Scams Police Bitcoin Crypto scams Hong Kong’s losses to crypto scams doubled to $217M last year: Report

Some countries worldwide suffered bigger financial losses to cryptocurrency scams despite a massive bear market in 2022.

07.03 / 04:39

business Law Mining SEC Scams Court SEC accuses Utah firm of 'fraudulent' $18M crypto mining scheme

Software and crypto mining equipment offered by the Utah-based Green United LLC was part of an $18 million "fraudulent scheme" that never mined the crypto it said it would, according to allegations by the United States Securities and Exchange Commission (SEC).

06.03 / 07:59

Scams Fraud ATM Bitcoin Scams Bitcoin Crypto scams Bitcoin ATM firm profited from crypto scams via unlicensed kiosks: Secret Service

A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating unlicensed crypto kiosks in Ohio which knowingly benefited from victims of cryptocurrency scams.

04.03 / 01:45

business Blockchain Adoption Binance Scams exchanges phishing Binance launches anti-scam campaign after Hong Kong pilot run

Binance, in cooperation with law enforcement agencies, is launching a campaign to prevent scams by issuing targeted alerts to potential victims, according to a March 3 blog post from the company. The project, called the “Joint Anti-Scam Campaign,” was rolled out first in Hong Kong, and the company now intends to expand it into other jurisdictions.

02.03 / 08:03

defi Hackers hacks wallet Scams phishing Scammer Notorious Monkey Drainer crypto scammer says they’re ‘shutting down’

The cryptocurrency phishing scammer behind some of the most high-profile and high-value Web3 thefts is claiming to have packed up shop and is “moving on to something better.”

26.02 / 17:17

business Blockchain Technology Hackers Cybersecurity security Scams Top 7 cybersecurity jobs in high demand

In today’s digital age, cybersecurity has become a critical aspect of almost every business. Cyber threats are increasing daily, and businesses must take proactive measures to protect their networks and data. As a result, the demand for cybersecurity professionals has skyrocketed.

21.02 / 13:27

Blockchain defi Hackers hacks Scams Arbitrum Exploit Hope Finance exploit results in $2M stolen from users' funds

Prospective users of an Arbitrum-based decentralized finance (DeFi) project have been left out of pocket following a $2 million exploit.

21.02 / 09:13

Blockchain defi hacks Cybersecurity Tokens Scams PUMP BingChatGPT 'pump & dump' tokens emerging by the dozens: Peckshield

Blockchain security firm Peckshield has raised the alarm after finding dozens of tokens purporting to be related to artificial intelligence (AI) powered chatbot ChatGPT.

17.02 / 07:23

Ethereum defi Scams Fraud Pump and Dump PUMP Crypto investors spent $4.6B buying 'pump and dump' tokens last year

Cryptocurrency investors funneled as much as $4.6 billion into crypto tokens suspected to be part of “pump and dump” schemes in 2022.

17.02 / 07:23

Adoption hacks Social Media Scams Bitcoin Scams California regulator launches complaint-based crypto scam tracker

The Californian Department of Financial Protection and Innovation (DFPI) has launched a new crypto scam tracker to help traders and investors spot possible industry threats.

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