3 / 7 Relevant items tagged with #Scams

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DeFi’s ‘unknown and unpredictable’ risks curb institutional use — Fireblocks VP

[Apr 24 7:00 AM] Institutions are keen on DeFi, and its use among them is growing, but on-chain risks are hamstringing further adoption, says Fireblocks’ Shahar Madar.

Half of Solana Pre-Sales Are Scams, Blockaid Says

[Apr 10 9:42 AM] Blockchain security firm Blockaid said 50% of recent pre-sale token launches on Solana have been malicious.

Crypto Investment Scam Losses in U.S. Grew 53% to $3.94B in 2023: FBI

[Mar 8 11:36 AM] Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau's Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime.

When Is a Ponzi a Ponzi?

[Jan 30 1:21 PM] U.S. authorities indicted the operators of HyperVerse, allegedly an $1.8 billion “Ponzi scheme.” There’s a fine line between a “fraudulent investment scheme” and many crypto projects, it seems.

Crypto Rug Pulls: What Are They & How to Avoid Them

[Jan 11 1:18 PM] Crypto rug pulls cause billions of dollars in loses in the global crypto markets.

Alleged Crypto Investment Scam Worth $80M Sees Four People Charged With Money Laundering in U.S.

[Dec 14, 2023 10:20 AM] The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes.

Crypto catfishers ditch fake exchanges for approval phishing scams

[Dec 14, 2023 8:00 AM] According to on-chain analytics firm Chainalysis, romance scammers increasingly use this method to steal their victim’s hard-earned crypto.

IRS lists 4 crypto crimes among its top cases in 2023

[Dec 12, 2023 1:56 PM] The cases included investigations into the Silk Road marketplace, OneCoin, Oyster Protocol founder “Bruno Block,” and a money laundering scheme using Bitcoin kiosks.

Hong Kong regulator blocks access to two crypto entities, warning of fraud

[Dec 6, 2023 11:23 AM] According to the securities regulator, misleading information online could encourage individuals to invest in the HKD token issued by HongKongDAO.

US senators drill into FTC’s work to track AI attacks on older citizens

[Dec 6, 2023 1:36 AM] The senators asked the FTC chair four questions about AI scam data collection practices to find out if the commission can identify AI-powered scams and address them accordingly.

Safe Wallet scammer steals $2M through 'address poisoning' in one week

[Dec 3, 2023 11:06 PM] A malicious actor behind at least $5 million in crypto theft through “address poisoning" significantly ramped up attacks against Safe Wallet users in the last week.

Australia tries again to combat ‘future sectors’ crypto scams

[Nov 30, 2023 12:12 AM] The “Proposed Scams Code Framework” consultation paper aims to delegate clear roles and responsibilities to government and private entities when combatting scams.

​​Hong Kong authorities say 145 victims, $18.9M lost in Hounax scam

[Nov 28, 2023 6:30 AM] Authorities in Hong Kong confirmed 145 users were scammed on the unlicensed crypto exchange Hounax, resulting in $18.9 million of lost funds.

TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams

[Nov 28, 2023 12:45 AM] Blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx in an effort to combat scams in the nation.

Asked to get a banana, a BAYC owner narrowly avoids a fake Forbes scam

[Nov 27, 2023 12:05 AM] Scammers posing as Forbes journalists have been targeting BAYC holders to set up interviews and distract them while they attempt to steal their apes.

Nansen phishing emails flood crypto investors’ inboxes

[Nov 24, 2023 2:31 AM] On Sept. 22, one of Nansen’s third-party vendors suffered a security breach, which exposed the email addresses of 7% of the system’s users.

Tether Worth $9M Tied to 'Pig Butchering' Scams Is Seized by U.S. DOJ

[Nov 21, 2023 9:15 AM] The U.S. Department of Justice (DOJ) has seized $9 million worth of the USDT stablecoin linked to organizations that exploited victims through "pig butchering" scams.

Tether freezes $225M USDT linked to romance scammers amid DOJ investigation

[Nov 20, 2023 9:02 AM] The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam.

Google sues scammers over creation of fake Bard AI chatbot

[Nov 14, 2023 3:06 AM] Google has filed a lawsuit against scammers offering a malicious version of its AI chatbot Bard that tricks users into downloading and installing malware on their devices.

UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank

[Nov 10, 2023 7:01 AM] According to the bank, potential cryptocurrency investors usually make an average of three payments before recognizing they’ve fallen victim to a scam.

JPEX scandal: Taiwan determines new suspects in alleged fraud — Report

[Nov 9, 2023 3:33 AM] Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud.

BNB Smart Chain scam losses dropped 75% in Q3: Report

[Nov 7, 2023 3:00 AM] Security firm HashDit says the lower amount lost to scams on BSC could be due to an uptrend in security products addressing the threat.

FTX clients face deceptive priority withdrawal scam

[Oct 21, 2023 1:35 AM] FTX users have reported receiving deceptive emails purportedly sent by FTX Trading, West Realm Shires Services and FTX EU.

EtherHiding: Why hackers may prefer Binance’s BNB Smart Chain

[Oct 20, 2023 12:12 AM] According to cybersecurity analysts at 0xScope and CertiK, threat actors may prefer using BNB Smart Chain contracts because it’s cheaper and seen as having lower security than Ethereum.

Tim Draper warns of crypto scams using his AI-synthesized voice

[Oct 19, 2023 4:03 PM] Advancements in AI have made it possible to create deepfake videos and voices in which scammers write the scripts to try and illegally obtain others' crypto.

Scammers prefer banking customers over crypto investors in Ireland: Report

[Oct 16, 2023 4:09 AM] To date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams since January 2023.

EtherHiding: Hackers create novel way to hide malicious code in blockchains

[Oct 15, 2023 11:09 PM] Threat actors have worked out a way to hide malicious payloads in Binance smart contracts to lure victims into updating their browsers from fake prompts, according to cybersecurity researchers.

BlackRock seeks court crackdown on 44 copycat sites, some crypto adjacent

[Oct 12, 2023 12:15 AM] The world’s largest asset manager wants to take control of a raft of domain names that have been registered to imitate it.

Alameda Research lost $190M to scams and ‘questionable’ blockchains: Whistleblower

[Oct 11, 2023 11:33 PM] Former Alameda Research engineer Aditya Baradwaj says one trader lost more than $100 million after clicking on a fake link.

Meet the guerilla artist who staged a crypto ‘rug pull’ in front of the SEC

[Oct 10, 2023 8:08 AM] Artist Nelson Saiers’ “Rug Pull” highlighted the victims of crypto rug pulls and perceived SEC inaction in safeguarding investors.