3 / 8 Relevant items tagged with #Scams

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Hong Kong flags 7 unregulated crypto exchanges for noncompliance

[Jul 15, 2024 4:06 AM] The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.

TON ecosystem scams on the rise: How to stay safe

[Jul 10, 2024 7:54 AM] As the TON blockchain is open-source and permissionless, individual users and projects must be careful to ensure their own safety.

FTC Warns: Social Media Investment Scams on the Rise

[Jun 29, 2024 2:16 AM] The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC…

Crypto Hacks Net $19B Since 2011 and Illegal Activity on Blockchain Is Still Growing

[Jun 12, 2024 3:00 AM] Almost $19 billion worth of cryptocurrency has been stolen in thefts dating back to 2011 as the industry continues to grapple with rising blockchain-related crime, according a report from Crystal Intelligence.

Be Warned, AI Crypto Scams Are on the Rise

[Jun 11, 2024 11:18 AM] A recent Elliptic report found five ways AI is being used to rob crypto users.

Tether CEO warns of new wave crypto airdrop scam emails, CoinGecko potentially affected

[Jun 5, 2024 5:04 AM] Cryptocurrency users should exercise extreme caution when handling crypto airdrop-related emails received in the past 24 hours, according to Tether’s CEO.

Crypto losses from fraud and hacks declined 12% in May — Immunefi

[May 30, 2024 11:00 AM] The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year.

Coinbase, Kraken, Others Form Coalition to Tackle 'Pig Butchering' Scams

[May 22, 2024 3:00 AM] The coalition also includes prominent crypto companies Ripple and Gemini, as well as Meta and Match Group, the parent company of dating apps Tinder and Hinge.

Binance develops ‘antidote’ to address poisoning scams after $68M exploit

[May 16, 2024 3:46 AM] Binance’s new algorithm has already helped detect over 13.4 million spoofed blockchain addresses on BNB and over 1.68 million on Ethereum.

Solana-based Cypher developer confesses to gambling away $300K of user funds

[May 15, 2024 2:42 AM] The insider’s exploit went unnoticed for months, despite over 36 individual transactions.

WBTC thief returns $71 million worth of stolen funds

[May 13, 2024 6:17 AM] On-chain transactions leading up to the return suggest this wasn’t a white hat hacker but a malicious actor who intended to steal the funds before investigators got involved.

Trader loses $68M in address poisoning scam

[May 3, 2024 6:49 AM] The attack caused the unknown trader to lose over 97% of their crypto holdings.

April sees $25M in exploits and scams, marking historical low ― Certik

[Apr 30, 2024 10:30 AM] Losses from hacks and scams reached their lowest level since 2022 when Certik first started recording the data, as flash loan attacks and private key hacks decreased.

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

[Apr 24, 2024 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, 2024 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, 2024 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, 2024 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, 2024 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.