4 / 7 Relevant items tagged with #Scams

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OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull

[Oct 8, 2023 11:54 PM] A former OpenSea employee has been accused of assisting the infamous AnubisDAO rug pull in 2021; however, some commentators have raised doubts.

Galxe protocol experiences DNS attack, losses top $150,000 so far and still growing

[Oct 6, 2023 11:33 AM] The Web3 platform’s website has been restored, but the company still warns against using it. The hack may be linked to September’s attack on Balancer.

Crypto Ponzi scheme AirBit: All but one exec now sentenced

[Oct 4, 2023 2:36 AM] AirBit Club co-founder Dos Santos is now the last AirBit defendant not yet sentenced but is scheduled to learn his fate on Oct. 4, 2023.

Tesla CEO Elon Musk Calls Fiat Currency a Scam

[Oct 3, 2023 5:30 PM] Tesla and Spacex CEO Elon Musk believes that fiat currency is a scam that is so normalized that we don’t even realize that it’s a scam. Many people share a similar view, including Rich Dad Poor Dad author Robert Kiyosaki, who has…

Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi

[Oct 3, 2023 1:00 PM] The number of attack incidents increased to 76 in Q3 2023, compared to just 30 in the same quarter last year.

Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report

[Oct 2, 2023 3:01 AM] Private keys getting compromised took over $204 million across 14 security incidents in the third quarter of 2023.

September becomes the biggest month for crypto exploits in 2023: CertiK

[Oct 2, 2023 12:15 AM] The Mixin Network cross-chain protocol accounted for almost two-thirds of the crypto exploit losses in September.

DraftKings' Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M

[Sep 21, 2023 1:00 AM] The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings.

Lawyer who laundered $400M from OneCoin scam denied new trial: Report

[Sep 18, 2023 10:41 PM] A lawyer who laundered $400 million from the OneCoin scam has been denied a new trial despite arguing there were legal mistakes and false testimony in the original trial in 2019.

OneCoin Co-Founder Karl Greenwood Sentenced to 20 Years in Prison

[Sep 13, 2023 4:05 AM] U.S. District Judge Edgardo Ramos also ordered Greenwood to forfeit $300 million, the approximate amount he pocketed from the scheme.

Crypto whale loses $24M in staked Ethereum to phishing attack

[Sep 7, 2023 7:58 AM] A significant portion of the stolen funds has been transferred into the fully automatic cryptocurrency exchange FixedFloat.

MetaMask scammers take over government websites to target crypto investors

[Sep 5, 2023 3:04 AM] Official government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other jurisdictions have been found redirecting to fake MetaMask websites.

Crypto Thefts in 2023: Nearly $1 Billion Lost to Scams and Exploits, Reports Certik

[Sep 1, 2023 2:30 PM] According to cybersecurity firm Certik, nearly $1 billion in cryptocurrency has been pilfered due to scams, rug pulls, and exploits throughout 2023. The company highlighted that the combined incidents in August alone led to a loss of $45.8 million…

Magnate Finance on Base rug-pulls users of $6.5M, as predicted by on-chain sleuth

[Aug 25, 2023 7:03 AM] Magnate Finance first deleted its Telegram channel and X account followed by taking down the website before pulling the plug on its TVL.

UK considers blanket ban on crypto investment cold calls

[Aug 24, 2023 2:24 AM] The U.K. Treasury has released a consultation paper to understand the grassroots-level impact of a blanket ban on cold calls related to financial services and products.

Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report

[Aug 23, 2023 1:40 PM] The police force of Israel reportedly recommended to prosecutors that Moshe Hogeg be charged with fraud, theft, money laundering, and sex crimes.

Thailand Threatens Facebook With Shutdown Over Crypto Scams

[Aug 23, 2023 3:30 AM] The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the…

Crypto P2P scams in India show digital asset education is needed

[Aug 22, 2023 7:01 AM] Scammers have made it impossible for Indian crypto traders to conduct P2P trades owing to several police complaints and bank account freezes that follow.

Terra money website frozen to prevent more phishing scams

[Aug 22, 2023 3:05 AM] The freeze comes shortly after Terra’s website was compromised over the weekend by hackers who attempted to scam users via phishing attacks.

Axie Infinity’s play-to-earn ‘scheme’ alarms Phillippine National Police

[Aug 17, 2023 1:33 AM] Playing crypto games can be riskier than investing in cryptocurrencies, according to the Filipino ACG, considering the ease with which gamers can lose their digital tokens and NFTs.

SwirlLend rugs on new Coinbase layer 2 Base as large number of scammers reported

[Aug 16, 2023 1:30 PM] The SwirlLend scam is the second in as many days, and losses on the platform have already mounted into the millions, one week after it opened to users.

How to identity fake cryptocurrency

[Aug 14, 2023 9:07 AM] Learn essential cryptocurrency security practices to safeguard your digital assets. Explore crucial ways to protect your wallets, prevent hacks and ensure safe transactions.

CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud

[Aug 12, 2023 6:57 AM] The regulatory body asserts that the defendants managed to entice over 14,000 individuals by creating false weekly returns.

Scientists used AI to find and track 95K ‘cryptocurrency free giveaway’ scams on Twitter

[Aug 11, 2023 3:00 PM] The San Diego State University team uncovered nearly a million dollars were scammed from victims via the Lists feature on Twitter — now called X.

Zero transfer scammer steals $20M USDT, gets blacklisted by Tether

[Aug 1, 2023 5:28 AM] Zero transfer scams are becoming prominent in the crypto ecosystem, with over $40 million stolen in 2023.

BALD token developer denies rug pull as price falls 85% post-launch

[Jul 31, 2023 11:28 AM] The BALD memecoin collapsed in price as collectors alleged an exit scam, but the developer said they had not sold any coins.

Pond0X token launch snafu leads to millions of dollars in losses

[Jul 28, 2023 2:00 PM] Investors reported they lost up to $2.2 million when the developer of Pond0x allegedly mishandled the token’s launch.

Disgraced U.S. Congressman George Santos Involved Crypto in Nigerian Prince-Like Scheme: NYT

[Jul 27, 2023 3:07 PM] A source told The New York Times that Santos and two others appeared to try a crypto-centric version of the classic Nigerian prince email scam.

Scammers pile on to impersonate Worldcoin on Twitter following token launch

[Jul 27, 2023 2:23 PM] Twitter announced its rebrand to “X” on July 24, the same day the Worldcoin token launched and provided an opportunity for scammers.

US state agency issues alert on crypto fraud happening over social media

[Jul 21, 2023 2:05 AM] Vermont issued the investor alert after a 74-year-old man lost his life savings of over $340,000 in a crypto fraud orchestrated over Instagram and Telegram.