Social engineering crypto scams mainly targeted celebrities in 2024, analysts say

Crypto scams driven by social engineering soared in 2024, with analysts warning that scammers are increasingly targeting celebrities and tech leaders. In a Feb. 11 research report, analysts at blockchain forensic firm Merkle Science revealed that in 2024, scammers targeted…

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Did Kanye West just expose how celeb X hacks are used to pump fake meme coins?

Celebrity account hacks for crypto scams highlight vulnerabilities in social media security, risking public trust and financial losses. The post Did Kanye West just expose how celeb X hacks are used to pump fake meme coins? appeared first on Crypto Briefing.

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Coinbase phishing scams steal $65M in two months: what went wrong?

Coinbase, the largest cryptocurrency exchange in the United States, is facing scrutiny after a surge in phishing scams led to millions in losses. Between December 2024 and January 2025, hackers are reported to have stolen at least $65 million from Coinbase users through sophisticated social engineering schemes.

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Russian gang targets crypto holders with cross-platform spear-phishing malware

A Russian cybercrime gang called “Crazy Evil” is behind a new rash of social media phishing scams targeting crypto users. The gang has been identified in a new cybersecurity threats report as the brains behind more than 10 sophisticated social…

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ZachXBT Reveals Coinbase Users Lost $150 million in Social Engineering Scams

Blockchain investigator ZachXBT revealed that at least $150 million has been stolen from Coinbase users through social engineering scams. The post ZachXBT Reveals Coinbase Users Lost $150 million in Social Engineering Scams appeared first on BeInCrypto.

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Scammers hijack Visa, Dean Norris social media accounts to promote fake Solana tokens

Over the weekend, hackers targeted the social media accounts of Visa and Hollywood actor Dean Norris to promote fraudulent crypto tokens. The incidents have raised concerns about the increasing use of compromised high-profile accounts to execute crypto scams.

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Scammers Hack Former Brazilian President’s Social Media to Promote Meme Coin

Hackers hijacked Jair Bolsonaro's account to push BRAZIL, a scam crypto token that surged 10,000%. Political meme coin scams are a growing trend. The post Scammers Hack Former Brazilian President’s Social Media to Promote Meme Coin appeared first on BeInCrypto.

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Fraudulent XRP wallet poses as U.S. Treasury, exposed by on-chain analysis

A fraudulent U.S. Treasury XRP wallet has been circulating on social media, misleading the crypto community and highlighting the rise of scams and misinformation in the industry.

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Telegram malware scams spike 2,000% as crypto investors face new threat

Blockchain security firm Scam Sniffer warned that crypto investors are facing a surge in malware scams on social media platform Telegram compared to the traditional phishing methods. While phishing still causes substantial losses—estimated at nearly half a billion dollars in 2024—its growth has plateaued.

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Threat actor steals half a million via 15 compromised X accounts: ZachXBT

The rise in social media account hacks for crypto scams highlights the urgent need for enhanced cybersecurity measures and user awareness. The post Threat actor steals half a million via 15 compromised X accounts: ZachXBT appeared first on Crypto Briefing.

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Crypto user loses $7.8 million in SolvBTC as phishing scams surge on social media

A phishing attack resulted in a crypto user losing $7. 8 million worth of SolvBTC, a wrapped Bitcoin product created by Solv Protocol. On Dec. 11, blockchain security firm Scam Sniffer highlighted the incident and shed further light on the evolving sophistication of such scams.

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US and Canadian banks face tenfold rise in digital scams, new report reveals

Digital scams have surged tenfold this year in the US and Canada as fraudsters increasingly leverage social engineering to deceive customers, according to cybersecurity firm BioCatch. This rise highlights the shift in criminal tactics that exploit human behavior rather than bypassing technology, posing significant challenges for financial institutions.

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Coinbase CISO: Social engineering scams top threat to crypto users

According to Jeff Lunglhofer, Coinbase’s chief information security officer, social engineering scams are currently the biggest threat to crypto users and holders. Lunglhofer spoke to crypto.news in an interview about the rise of such scams, which are a threat to…

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ZachXBT exposes ‘Zopp0’s’ crypto scams with influencer support in market manipulation

In new findings by blockchain analyst ZachXBT, the crypto community faces a new wave of market manipulation schemes allegedly orchestrated by a figure named “Zopp0.” The report reveals how Zopp0, behind projects like SCALE, NTD, TPU, and OPSEC, exploited the influence of high-profile social media personalities to promote unverified projects, masking the lack of technical […]

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Did YouTuber MrBeast Make $23 Million From Crypto Scams? Shocking Allegations Emerge

A YouTube sensation is currently under fire after several on-chain investigators found traces of information that linked the social media influencer to dubious cryptocurrency promotions. These recent allegations against the content creator, MrBeast, again opened the debate on whether influencers should be held accountable when promoting crypto.

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Crypto scam: Coinbase warns Gen Z about growing online threats

Coinbase is raising awareness about the rise of online scams targeting younger users, particularly Gen Z.  In a blog post published on Oct. 8, Coinbase outlined four online threats Gen Z should be aware of, including social media fraud, romance…

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SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams

The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust and convince them to invest large amounts of money in fictitious crypto platforms before stealing their funds and disappearing.

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CoinGecko warns of scammers promoting fake GECKO airdrops

Crypto price aggregator website CoinGecko says bad actors are flooding social media with fake GECKO token airdrops. Crypto data aggregator CoinGecko warned about fake airdrop scams, urging users to exercise caution as fraudulent schemes targeting its community gain traction. In…

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Dogecoin proponent Elon Musk says no to crypto promotions - Why?

Musk pledges to cease crypto promotion amid rising social media scams. Recent crypto scams highlight social media’s dual role in promotion and fraud. Tesla CEO and Twitter owner, Elon MuskThe post Dogecoin proponent Elon Musk says no to crypto promotions - Why? appeared first on AMBCrypto.

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Bitget to Launch Social Campaign in Vietnam to Warn About Crypto Scams and Risks

Victoria, Seychelles, 28th June 2024, Chainwire

The post Bitget to Launch Social Campaign in Vietnam to Warn About Crypto Scams and Risks appeared first on CoinJournal.

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Ethfinance Under Fire: Washington Watchdog Issues Fraud Alert

Washington state regulators are investigating Ethfinance, a crypto trading platform, after a local investor reported losing a staggering $310,000. The case raises red flags about potential crypto scams preying on unsuspecting victims through social media.

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AI-powered social engineering not technical exploits now dominating 90% of cyber attacks

A newly published cyber threat report from Avast has revealed substantial dominance of social engineering in cyber threats during the first quarter of 2024. Per the report, nearly 90% of cyberattacks on mobile and 87% on desktop devices involved scams, phishing, and malvertising, exploiting human vulnerabilities more than technical weaknesses.

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Shiba Inu Scam Watcher Sends Critical Warning To SHIB Community

The Shiba Inu community is being targeted by another string of scam attacks aimed at profiting from unsuspecting members. As a result, the Shibaarmy Scam Alert, an X (formerly Twitter) social media handle dedicated to exposing scams, has issued a crucial warning to the entire SHIB community.

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Over $46m lost to crypto phishing in February, social media impersonations at fault

February witnessed a significant uptick in crypto phishing scams, culminating in the loss of more than $46.8 million across over 57,000 individual incidents, according to a report by Scam Sniffer. The scams, predominantly orchestrated through fake accounts on social media…

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U.S. Senators Ask Zuckerberg About Crypto Scams on Meta Apps

Meta CEO Mark Zuckerberg would need to explain how the social media platforms owned by the company are fighting crypto scams after some Democratic senators raised the issue. The post U. S.

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US Senators Press Meta Platforms CEO Mark Zuckerberg to Combat Crypto Scams

An FTC study shows 49% of crypto-related frauds originated on social media, say six members of the Senate Banking Committee.

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US lawmakers call on Mark Zuckerberg to address 'breeding ground' for crypto scams: Report

A Federal Trade Commission report from June identified Facebook, Instagram and WhatsApp among the top platforms for crypto fraud originating on social media.

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Twitter Announces Edit Button – But Will It Lead to More Crypto Scams?

Social media giant Twitter is currently testing tweet editing functionality, raising questions whether the new feature would improve the platform or open the door to a fresh wave of problems. The post Twitter Announces Edit Button – But Will It Lead to More Crypto Scams? appeared first on BeInCrypto.

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MetaMask Update Geared Toward Alerting Users To Avoid Scams

Has the preponderance of recent social media NFT scams got you down? Or, perhaps more accurately, robbed your wallet of hard-earned digital assets? An update to Ethereum’s MetaMask might be the answer to wallet security after a spike in “wallet drainer” activity.

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British Army’s social media accounts hacked by crypto scammers

Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams.

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Massachusetts Warns of Crypto Scams Targeting LGBTQIA+ Community

The government of Massachusetts has warned of the prevalence of cryptocurrency scams targeting the LGBTQIA+ community on social media, dating apps and elsewhere.

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Social Media Crypto Advice, Gamification Targeted by Global Standard-Setters at IOSCO

Tackling crypto and other investment scams might need international coordination, says the International Organization of Securities Commissions.

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Japan debunks the latest in the gamut of cryptocurrency scams

Impersonation scams in the cryptocurrency industry abound, with hundreds of fake Elon Musk's and Michael Saylor's offering huge returns on social media to entrap the uninitiated. While in the past, maThe post Japan debunks the latest in the gamut of cryptocurrency scams appeared first on AMBCrypto.

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Apple Co-Founder Loses Lawsuit Against YouTube Over Crypto Giveaway Scams

Steve Wozniak has lost his lawsuit against YouTube over scammers using his image to push crypto giveaway scams on the streaming platform. The case touches on the responsibility of social media companies to police content posted by users.

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Top 4 NFT scams and how to avoid them

Spend a few minutes in cryptoland on social media and you’re likely to find netizens speaking about celebrities or virtual artists ‘dropping’ their latest works in the form of a non-fungible token (NFT).

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Twitter Suspends Accounts of Major Crypto Influencers

Major social media platform Twitter, headed by bitcoin proponent Jack Dorsey, has suspended the accounts of some influencers in the cryptocurrency space. Crypto Accounts Mistakenly Considered as Scams According to a tweet by popular YouTuber Tone Vays on Wednesday (Mar.

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DeFi Jest Token FEW Flies Over the Heads of Community

What was intended to be a joke by one of the crypto and DeFi community’s prominent members has turned sour, attracting a great deal of backlash on social media. By its decentralized nature, the Uniswap DEX allows any token to be listed, which often includes fake replications of existing tokens, scams, Ponzis, and in this […] The post DeFi Jest Token FEW Flies Over the Heads of Community appeared first on BeInCrypto.

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Brave Browser Implements Anti-phishing Crypto Scam Detector to Protect Users

Brave browser (BAT) is integrating an anti-phishing intelligence solution to protect users against scams as per an update on Sep 8. The open-source browser plugin by PhishFort is fast, detects crypto scams, and reports any suspicious domains, dApp, mobile app, or social media account to users.

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Facial Recognition Could Help to Stamp Out Bitcoin Social Media Scams

Coincurve’s Rod Hsu says facial recognition can stamp out social media Bitcoin scams.

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Not Just For Selfies: Twitter Crypto Scam And How Social Media Transfers Value

This week, the popular social platform Twitter was hacked to promote a scam where $120,000 in Bitcoin was stolen. Similar crypto scams have run rampant on the platform for some time. The ongoing issue highlights how social media has transformed from a place to post selfies, into an online community that is used to transfer […]

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Twitter On Fire After Obama, Musk, Gates Accounts Were Hijacked to Promote Bitcoin Scams

It was galore of commotion for the entire Twitter space on the 15th of July. Users of the social media application have been left in shock after witnessing what Cybersecurity experts say is the “worst hack of a major social media platform yet.

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Crypto-Focused Social Media Platform Attempts to Tackle Impersonators

Floyx, a social media platform for the crypto community, aims to prevent crypto impersonation scams by developing a novel system.

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Fake COVID-19 Treatments Ask for Bitcoin Payments on Social Media

A twitter post on January 29 promoted a website selling a so-called cure for coronavirus, accepting Bitcoin as payment. Scams such as this have proliferated as the global crisis escalates.   Scammers Selling False Hope & Asking for Bitcoin The Russian-based website selling the fake cure has been deactivated.

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Facebook Libra Inspires a Wave of New Online Scams

Online criminals are impersonating as the representative of Facebook to lure victims into buying the social media platform’s yet-to-release cryptocurrency, Libra. According to the Washington Post, scammers lately ran ads through a dozen on fake accounts, pages, and groups across Facebook and Instagram, presenting themselves as the official hubs of Libra.

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Facebook And Instagram See Influx Of Libra Scams

Though the social media giant has been able to remove many of the Facebook and Instagram accounts claiming to sell the not-yet-available Libra, some US regulators have taken the spread of Libra scams as another piece of evidence that Mark Zuckerberg and company are not fit to launch their own cryptocurrency.

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Evil Bitcoin Scam Dupes Victims With FAKE Cristiano Ronaldo Pitch

  By CCN: Five-time Ballon d’Or winner Cristiano Ronaldo is the latest celebrity whose likeness has played an unfortunate role in promoting a string of evil bitcoin scams. According to British tabloid Daily Mirror, cryptocurrency scammers are faking the football star’s endorsement as well that of veteran broadcaster Jonathan Ross to shill fraudulent crypto investment schemes.

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Bullish Brits lost $34M to cryptocurrency scams last year

British investors losturrency scams also tripled over the same period. While last year there were X cases reported, the FCA notes the number has gone up to 1,800 this year. The FCA’s announcement states that fraudsters often used social media to promote “get-rich-quick” schemes.

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Smell Something Fishy? The CFTC Will Pay You to Report Crypto Scams

Nestled in the exhibition room at this year’s Consensus conference, the U. S. Commodity Futures Trading Commission (CFTC) had a message for conference goers as they weaved in and out of booths representing various projects and startups in the space: “Be on the lookout for virtual currency fraud” and if you see it, let us know.

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Jibrel Network Warns Wallet Holders of Social Media Phishing Scam Using Their Name

It is very common in the digital asset sphere to have cases of different types of scams regularly. The latest of such crypto scams that has got the attention of everyone in the cryptocurrency community is a social media attack on the Jibrel Wallet.

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