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83 articles found
Latest
Crypto Scam — Fake Mining Platform Targets 200 Users
Vietnamese police have arrested four suspects accused of defrauding more than 200 people through a fake crypto-mining platform.
Crypto Scams and Hacks Hit Record Lows: CertiK Report
December 2024 showcased significant strides in the cryptocurrency industry's fight against fraud and cybercrime. According to blockchain security firm CertiK, losses from scams, hacks, and exploits fell to their lowest level of the year, amounting to $28.6 million.
ZachXBT Links Fortnite Pro to $3.5M Meme Coin Scam
Blockchain detective ZachXBT has linked a former Fortnite pro to a meme coin fraud scheme that reportedly stole $3.5 million.
Court Says Crypto Isn’t Physical Property – Here’s Why
The U.S. Court of Appeals dismissed Ali Sedaghatpour’s case against Lemonade Insurance, where he had sought compensation after falling victim to a crypto scam. Sedaghatpour claimed the insurer wrongfully refused to cover his substantial cryptocurrency loss.
Social Engineering in Crypto: Top 5 Fraud Schemes
A recent hacking incident has highlighted that while fraudsters' tactics may vary technically, their underlying principles are remarkably consistent. In today’s digital landscape, recognizing emerging scam tactics is an essential skill for any crypto users.
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Bots in Crypto: Their Roles, Impacts, and Detection Methods
The word “bot” might bring to mind helpful chatbots that assist with finding information, selecting products, or playing music. However, it also refers to automated programs designed to mimic human activity for selfish purposes. This article will cover the latter category.
Top 5 Celebrity Crypto Projects That Failed
It's rare to find a celebrity-launched crypto project that achieves success. Most of these ventures collapse within hours or days, and they often serve as dubious methods of monetizing fame.
50 People Fall for a Honeypot Scam in South Korea
The Gwangju Police Agency Cyber Crime Investigation Unit has arrested 28 individuals involved in a cryptocurrency investment fraud scheme under Article 345 of the Criminal Code of the Republic of Korea. The group duped their victims out of more than $13 million.
The Case of Crypto CEO Who Never Existed
Next time you get carried away by listening to a crypto CEO, make sure they even exist.
Michael Saylor Targeted in Deepfake Scam
Malefactors are not resting, leveraging artificial intelligence (AI) and the likenesses of renowned crypto enthusiasts for deceptive schemes.
Crypto Scam Victim Says Banks Turned a Blind Eye to Fraud
A California resident, Ken Liem, has filed a lawsuit against three Asia-based banks, accusing them of negligence that enabled scammers to steal nearly $1 million in a cryptocurrency fraud.
Vietnamese Police Foil $1M Crypto Scam, Halt New Fraud
Vietnamese authorities have uncovered and dismantled a large-scale cryptocurrency scam.
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Don't Be a Money Mule: How to Avoid Scams
Illegally earned funds from fraud or drug trafficking need to be laundered somehow. Criminals, unwilling to risk using their own bank accounts, have adapted by using intermediaries, known as “money mules.”
Hong Kong Police Arrested 27 Suspects in $46.3M Crypto Scam
The police in Hong Kong uncovered a large crypto scam and arrested 27 suspects - 21 men and 6 women.
FBI Returns $5 Million to Victims of “Pig Butchering” Scam
North Carolina authorities recovered nearly $5 million in cryptocurrency that was stolen in the “Pig Butchering” scam. This fraud technique involves gradually "fattening up" the victim, allowing them to earn small amounts initially, which encourages further investments.
What Is Prompt Engineering? Don't Fall for Scam Courses
Prompt engineering is not what many people think it is. You might have seen ads for prompt engineering courses that promise to teach you how to get surprising answers from AI, complete any task in minutes, and make a lot of money. All this is promised at a “once in a lifetime” cost.
Chinese Student Charged with Issuing Fake Cryptocurrency
Chinese law enforcement has initiated its first criminal case related to the launch of cryptocurrency tokens, accusing student Yang Qichao of creating fake digital assets. Although the case resembles a common Rug Pull scam, he was charged under a different count due to legal ambiguities.
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Companies Unite Against Pig Butchering Scams
Match Group, the developer of popular dating services, has joined forces with the crypto exchanges Coinbase, Kraken, Gemini, and Meta (Facebook and Instagram) in a new initiative called Tech Against Scams. Together, they aim to combat the Pig Butchering scam, which involves building fake online relationships to steal assets.
Old Wisdom: A Guide Through New Challenges
Developer using the pseudonym 0xMario has shared his experience demonstrating how alertness and technical acumen prevented him from becoming a scam victim.
Two Hours in a Zoom Call with a Fake Forbes Reporter
A Bored Ape Yacht Club (BAYC) NFT owner, nicknamed Crumz, narrowly avoided a scam orchestrated by an impostor posing as Forbes editor Robert LaFanco. The scammer approached Crumz for a supposed interview about BAYC.
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