Coinbase CSO at Ripple Swell: New Ways to Track Crypto Scams Discovered

Coinbase CSO at Ripple Swell: Tools to Investigate crypto scams surpass those of USD scams

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Crypto industry lost $572.7m to hacks and scams in Q2

In the second quarter of 2024, a total of $572.7 million in crypto was lost across 72 incidents due to hacks and scams. Centralized finance platforms were the primary targets of these breaches.  These losses marks a 70.3% increase from…

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Huge Interpol operation exposes how prolific crypto scams really are

Almost 4,000 people were arrested worldwide in a recent sting — but we’re only scratching the surface when it comes to the problem of crypto scams. Interpol says it’s waging war on online scam networks — and has seized $257…

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AI is speeding up crypto website fraud and influencer scams

AI’s early integration into crypto presents opportunities for efficiency, as well as scams. Per an Elliptic report, AI is helping scammers speed up and increase their cyclical crypto scams. We’ve all heard of AI by now, and its many use…

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Canadian crypto hacker Soup allegedly stole over $1m in scams

A prominent crypto investigator ZachXBT has revealed that a Canadian hacker known as Soup (Dan) is the brain behind several high-profile phishing scams. The scams allegedly include Orbiter Finance’s Discord server security breach earlier this year and the Crypto Punk 6983…

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Younger Crypto Investors Are More Likely To Be Scammed, Survey Shows

Scams have become more prominent in the crypto industry because scammers believe that they’re untraceable when they operate on the blockchain. Over the years, different sectors have seen a rise in the number of scams but a new survey has focused on the investors who lose money to these crypto scams and have found that […]

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Scammers Now Prefer Crypto Over Credit Cards

Crypto scams have replaced credit card scams in Australia due to the rising popularity of digital assets

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How Scammers Used CoinMarketCap To Carry Out Crypto Scheme

Scams happen all the time in the crypto space but recently, the scammers have had to go through more sophisticated channels to make their scams more believable since more people are aware of how the more popular scams are carried out.

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Belgian investors lost $12M to crypto and forex scams last year

Losses due to crypto scams are on the rise in Belgium.

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US ramps up enforcement actions against global crypto scams

The U.S. Justice Department has announced sanctions against two Russians, and the arrest of two Malaysians, over separate seven-figure crypto scams.

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UK Crackdown Pulls Thousands of Crypto Scams Offline

The NCSC has gone scorched earth on crypto scams.

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Cardano (ADA) founder Charles Hoskinson blasts YouTube over crypto scams

Cryptocurrency scams are a recurring aspect of the market.

The post Cardano (ADA) founder Charles Hoskinson blasts YouTube over crypto scams appeared first on CryptoSlate.

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4 Signs of Crypto Scams

Cryptocurrency Scams 101 Who Is John Smith, Really? When someone envisions an online impersonation scheme, they might conjure up anContinue Reading The post 4 Signs of Crypto Scams appeared first on CoinMarketCap Blog.

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How to Avoid Crypto Scams

Whenever a new world-changing technology is released unto the masses, inspiring, industrious individuals inevitably start thinking of positive use cases.Continue Reading The post How to Avoid Crypto Scams appeared first on CoinMarketCap Blog.

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Canadian Crypto Owner Duped Out Of $240,000 In An Employment Scam

Crypto scams again seem to be on the rise in 2019 as the currency its use cases and adaptability increases. There seems to be news of a new scam victim in Canada. Scammers stole over $240,000 from the residents of Edmonton.

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Move over Twitter: Crypto Scams Have Infiltrated Facebook

While cryptocurrency-related scams are commonplace on Twitter, Facebook users have started being targeted by scammers with fake cryptocurrency ads. Facebook Users Targeted with Fake Crypto Ads Twitter has been widely plagued with cryptocurrency-related scams, typically through phony giveaways that lure users into sending crypto in exchange for a larger sum.

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Texas ICO Exterminators: Cryptocurrency Frauds Prosecuted as U.S. Crackdown Continues

Two more unscrupulous cryptocurrency scams were eliminated by Texas securities regulators. BitQyck and its bitqy token, and My Crypto Mine and its mining and investment activities, were both fraudulent projects operated to deceive the public and steal funds from investors.

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How USI Tech Pulled off One of the Largest Crypto Scams

In this article, we'll explain all of the details you need to know about USI Tech scam and its large-scale cryptocurrency pyramid scheme. The post How USI Tech Pulled off One of the Largest Crypto Scams appeared first on CoinCentral.

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Uganda To Introduce New Crypto Regulatory Framework As Increased Bitcoin Scams Plague Industry

Uganda—a mid-sized country located in East Africa is set to introduce a regulatory framework for cryptocurrencies whose aim will be to protect its citizens from being defrauded by the many crypto scams currently present online.

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Investor Rights and Legal Risks Might Make STOs the Future of Funding

An exceptionally low success rate and a substantially high risk of scams are already making the much-hyped ICOs obsolete. And now, according to a Nov. 12, report from Beyond Blocks, there might be a better, faster, and more secure way of funding blockchain projects.

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Crypto Crime: Tokyo Fuzz Arrest Eight In $68M Bitcoin Pyramid Scheme

$68. 42 Million Stolen In Bitcoin Scheme Since Bitcoin’s inception, a mere decade ago, malicious users of the world’s first blockchain have sought to capitalize on the pseudonymous and anti-governmental nature of the Bitcoin Network and other crypto platforms.

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Tokyo Police Crackdown on Alleged Crypto Pyramid Scheme, Arrest Eight Individuals

As global regulators rush to institute legal frameworks aimed at reducing the amount of fraud and scams that exist within the cryptocurrency industry, a recent series of arrests in Tokyo highlight just how important regulations can be.

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Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams

In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies. Target and Google are two high profile targets that have seen their accounts taken over by hackers who, in turn, have used them to scam followers by advertising fraudulent crypto giveaways.

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Google, Target Twitter Accounts Hacked To Advertise Bitcoin Scams

Target Twitter Account Hacked To Promote Bitcoin (BTC) Scam On Tuesday morning, reports arose that crypto-centric Twitter hackers scored their biggest win yet — hijacking Target’s official account, which sports a casual 1.

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Power Mining Pool | What a Crypto Mining Scam Looks Like

Power Mining Pool had some clear early warning signs of a potential cloud mining Ponzi scams. Find out what you should look for in this case study. The post Power Mining Pool | What a Crypto Mining Scam Looks Like appeared first on CoinCentral.

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News Flash: Crypto Scammers hack Twitter Account of American Retail Giant, Target

Scams have become a major problem to the crypto industry and although there is a lot of talking about it, the scammers are unrelenting because they can easily get victims every time they try. This time, attackers decided to go for the big fish and took over the official Twitter account of Target, a major […] The post News Flash: Crypto Scammers hack Twitter Account of American Retail Giant, Target appeared first on ZyCrypto.

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Crypto Researchers Report: Smart Cryptojackers Are Exercising Hidden Means to Infect Victims

Cryptojackers make up most of 2018, as numerous hacks and scams have since been revealed. With this being said, a group of researchers at Trend Micro found that said jackers are finding smart ways to prevent themselves from being caught at all costs.

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Central Bank of The Bahamas (CBOB) Releases New Crypto Asset Regulation Paper to Stop Fraudulent ICOs

Initial Coin Offerings (ICOs) often suck. While it may not have looked like it in 2017, a lot of them were either scams or plain bad investments. Fortunately, some of them were good and we have companies like Augur today which are having a good share of success. In order for more companies to be […]

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ICO Exit Scam? 13,000 Ethereum (ETH), Crypto Startup Disappear Overnight

South Korean ICO Steals $2. 7 Million In Ethereum (ETH) Although the fear of scams in the nascent crypto industry is often well overblown, on Friday, reports arose that an apparently South Korea-based crypto-centric startup pulled a devastating exit scam on its private sale investors, stealing thousands of Ethereum (ETH) in the process.

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Figureheads Or Figments: Decentralizing Blockchain Leadership

At press time, over 930 cryptocurrency projects have been pronounced deceased, riddled with malware or hacks; parodies; or just outright scams. What was the failure point of these projects that are no longer with us? Was it a lack of leadership? Too much control? Poor governance? Speed of implementation? For that matter, what has made […] The post Figureheads Or Figments: Decentralizing Blockchain Leadership appeared first on Crypto Briefing.

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Recover My Bitcoins Or I’ll Blow Up Miami Airport: Indian Teen Threatens FBI

Scams are nothing new in the crypto industry. From ICOs that received money and then vanished to trading sites that went down with investors’ funds, there is no shortage of people who’ve lost their hard-earned money in their pursuit of the Bitcoin millions.

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India’s National Disaster Management Authority (NDMA) Hacked to Promote Bitcoin Twitter Scams

Crypto scammers and hackers have no shame at all. They are so selfish and criminal that they do not even spare important services in order to make a quick buck. For instance, we have recently reported a new case of hackers using a ransomware on an East Coast water utility company to demand Bitcoin. The […]

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More New Elon Musk Bitcoin Scams Are Plaguing Twitter with Free Crypto Giveaways

Have you ever seen Elon Musk trying to give you crypto? This very popular scam is unfortunately happening once more. Many verified accounts were hacked to impersonate the founder of Tesla and SpaceX.

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Daily Byte: Tuesday, November 6, 2018

A crypto fight in the Pacific, the Twitter scams are gaining steam, and crypto mining is worse than actual mining. Plus, Bitmain reveals new mining rigs.

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Musk Impostors Hack Lawmaker, Publisher Accounts in New Crypto Scams

A number of verified Twitter accounts were hacked to look like Elon Musk's as part of an effort to defraud owners of bitcoin.

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Security researcher finds Google Play app phishing for crypto exchange login details

Security and malware researcher Lukas Stefanko, who’s known for catching cryptocurrency-related scams, has recently found an app on Google’s Play Store phishing users’ credentials on conventional banking apps and cryptocurrency exchanges.

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‘Easy Rates Converter’ Phishing Scam for Crypto Login Credentials Found on Google Play App

One of the most common ways for hackers to steal information from cryptocurrency investors is with phishing scams. Even though it requires plenty of technical work to set this up, a new video was published to show how an app called Easy Rates Converter managed to find its way onto Google Play, collecting sensitive data. […]

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New Zealand Financial Authority Labels Crypto Gain, Russ Horn, and Zend Trade 3 Blockchain Scams

Financial Authority From New Zealand Blacklists Three Crypto Platforms Recently, the Financial Markets Authority (FMA) of New Zealand has decided to add three local crypto websites to its black list of online scams.

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HODL: Crypto is like 1990s Internet with ‘Few Use Cases’ and Many Scams

When it comes to explaining this never-ending bear market, positive affirmations seem to be the rationale du jour. Here’s another “HODL on FFS” theory that forecasts the eventual crypto-boom by drawing comparisons between the Dot-com era and the nascent blockchain industry.

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Andreessen Horowitz (A16Z) Investor Says Dismissing Crypto Already is Akin to Abandoning the Web Concept in the Early 1990s

Andreessen Horowitz (A16Z)’s General Partner, Benedict Evans, says crypto currently is analogous to the early days of the internet. People who are dismissing it now should take a lesson in history. Even though the crypto industry has seen a lot of scams and failed projects in the past couple of year, Evans thinks that it […]

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Belgium’s FSMS Compiles List of 99 Crypto Scams, Gives Advice on Fraud Protection

Belgium’s Financial Services and Markets Authority has published a public service announcement warning would-be investors against 99 scam cryptocurrency websites. They have also published a guide to help investors avoid being taken in by crypto fraud.

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Thai Authorities Spread Caution to Investors About 9 Cryptocurrency Token Scams

Thai Authorities Warn Investors About 9 Scammy Crypto Offerings As per a report published via a trusted Thai media outlet, the nation’s Securities and Exchange Commission (SEC) has warned investors in relation to nine digital tokens and Initial Coin Offerings (ICO’s).

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Report: North Korean Elite Behind Scams Targeting Crypto Investors

Members of the ruling elite in North Korea are suspected of launching two scams aimed at exploiting gullible crypto investors still attempting to get in early on a potential moon shoot. The totalitarian state is thought to be using such schemes to stay afloat in the face of international sanctions.

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Bitcoin, Scams, and Everything in between: In Conversation with Peter Todd

Peter Todd has been one of the most vocal developers in the Bitcoin space and for good reason. The 33-year-old Canadian software engineer has been fiddling with the pioneer cryptocurrency for some time now, and when perusing his blog, much of this work has also shaped much of the crypto narrative.

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‘Large Amount of Altcoins have Senseless Whitepapers’ says Bitcoin Developer Jimmy Song

Bitcoin Developer and YouTuber Jimmy song Won’t Cover or Discuss Altcoins And ICOs Because he thinks “Altcoins Are Useless” And “Most ICOs Are Complete Scams” In a strongly competitive industry where every crypto is trying its best to remain relevant, there sure are some tricks up the players’ sleeves.

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The US Is Sending Money Offshore by Bumbling Crypto Regulation

Regulation is still a contentious subject that splits the crypto community down the middle. But after all the abuses witnessed to date, it’s hard to swallow the argument that the industry needs no regulating at all.

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Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini

Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.

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ICO Volume Doubles in 2018 Despite Slump in the Crypto Market

The prolonged bear cryptocurrency market, coupled with reports of scams, has not dampened investors’ interest in initial coin offerings (ICOs) this year. Contrary to expectations, token sales volume for the first nine months of 2018 alone doubled compared with the total ICO volume last year.

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North Korean Hacking Group Lazarus Behind $571M in Hacks Since January 2017

North Korean cybercrime hacking group The Lazarus Group is currently the biggest crypto hacking syndicate in the world, having stolen millions worth of cryptocurrencies from online exchanges.

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