Latest News and Articles about Crypto Scams
$46M Stolen from Coinbase Users in March: ZachXBT Exposes Crypto Scam Surge
Crypto Scams: Over $46 Million Stolen from Coinbase Users in March, ZachXBT Reveals Blockchain investigator ZachXBT has uncovered over $46 million in scams targeting Coinbase users in March, highlighting a significant security issue within one of the world’s largest cryptocurrency exchanges. The largest incident involved a theft of 400.09
Read MoreMalaysia Battles Surge in Crypto Scams Targeting Seniors with AI and Blockchain
Malaysia Warns of Rising Crypto Scams Targeting Seniors Malaysian seniors are increasingly falling victim to sophisticated cryptocurrency scams. The Malaysian authorities, through the Bukit Aman Commercial Crime Investigation Department (CCID), are sounding the alarm on a significant increase in fraudulent schemes exploiting the allure of cryptocurrency. Crypto scams surge in Malaysia, targeting seniors Authorities using […]
Read MoreCrypto Scam Alert: Pig Butchering Soars 40% as AI Fuels Deception
Crypto Scam Alert 2024: Pig Butchering Surges 40% with AI’s Dark Side In 2024, the cryptocurrency landscape has witnessed a staggering 40% increase in pig butchering scams, fueled by the dark side of generative AI. These scams, where fraudsters meticulously build trust with victims before defrauding them in fake cryptocurrency schemes, have become a menacing […]
Read MoreEmpiresX Founders Hit with $130M Fine for Crypto Fraud: CFTC’s Strong Stance
Brazilian EmpiresX Founders Fined $130M for Crypto Fraud: A Wake-Up Call for Investors The U.S. District Court for the Southern District of Florida has delivered a stern message to the cryptocurrency world, fining the founders of EmpiresX, Emerson Pires and Flavio Goncalves, along with Joshua Nicholas, a whopping $130 million for defrauding over 12,500 investors. […]
Read MoreEx-Malaysian PM’s X Account Hacked to Promote $1.7M Meme Coin Scam
Ex-Malaysian PM Mahathir’s X Account Hacked to Shill Meme Coins Former Malaysian Prime Minister Mahathir Mohamad’s X account was hacked to promote a fraudulent meme coin called MALAYSIA, highlighting the ongoing threat of crypto scams exploiting high-profile individuals. Mahathir Mohamad’s X account hacked to promote MALAYSIA meme coin Hackers stole over $1.7 million, linked to […]
Read MoreCrypto Scams Surge: $5.6B Lost in 2023, Financial Institutions Must Act
Financial Institutions Must Step Up to Protect Investors from Crypto Scams In 2023, Americans lost a staggering $5.6 billion to cryptocurrency scams, marking a 45% increase from the previous year. The decentralized nature of cryptocurrencies, meaning they are not controlled by a single entity, has exacerbated the problem, making them a prime target for fraudsters. […]
Read MoreIndian Police Arrest Three in Major Crypto Scam Crackdown in Maharashtra
Indian Police Crack Down on Crypto Investment Scammers in Maharashtra In a major crackdown on crypto scams, Indian police have arrested three individuals in Maharashtra, highlighting the dark side of digital currencies. A 19-year-old student from Chembur fell victim to a scam that cost him Rs. 2 lakhs, lured by the promise of quick profits […]
Read MoreCrypto Lawyer John Deaton Warns: Sophisticated Scams Plague Crypto Space
Crypto Lawyer John Deaton’s Stark Warning: Beware of Sophisticated Crypto Scams John Deaton, a well-known crypto lawyer and ardent defender of XRP, has issued a chilling alert to the cryptocurrency community about the dangers of sophisticated scams. With firsthand experience of a hacker’s attempt to infiltrate his life, Deaton’s message is clear: the crypto space […]
Read MoreIndia Teams Up with Google, Facebook to Combat Crypto Pig Butchering Scams
India’s Bold Move Against Crypto Scams: Partnering with Google and Facebook India is stepping up its efforts to combat the rising wave of pig butchering scams that exploit cryptocurrencies, targeting vulnerable populations such as unemployed youths, housewives, students, and those in financial need. The government is collaborating with tech giants Google and Facebook to tackle […]
Read MoreYouTube Crypto Scams: Seed Phrases and TRX Fees Trap Unwary Investors
Crypto Scams on YouTube: Fraudsters Exploit Greed and Greed Exploits You John clicked on a seemingly harmless comment on a YouTube video, and within minutes, he lost his life savings. This is the harsh reality of crypto scams today. Scammers are using YouTube comments to distribute seed phrases, which are lists of words used to […]
Read MoreHackers Exploit LinkedIn to Scam Crypto Users with Fake Job Offers
Exposed: Hackers Now Using LinkedIn to Scam Crypto Users Hackers have escalated their attacks on cryptocurrency users, exploiting LinkedIn with a sophisticated social engineering scam that could leave victims “seriously harmed,” according to Web3 security expert Taylor Monahan. Hackers create fake LinkedIn profiles, posing as recruiters. They use platforms like Willo Video to deepen their […]
Read MoreLinkedIn Crypto Scams Surge: Beware of Fake Recruiters and Malware Attacks
LinkedIn Scams Target Crypto Professionals with Sophisticated Tactics and Wallet-Draining Malware LinkedIn has become a hotspot for crypto scams, with scammers using sophisticated tactics to drain wallets through malware like the RedLine trojan. Scammers impersonate recruiters and industry figures. Malware, often RedLine trojan, steals data and drains wallets. Vigilance and security measures are crucial. In […]
Read MoreSquid Game Season 2 Tackles Crypto Scams: Dalmatian Token Echoes Real SQUID Fraud
Squid Game Season 2 Takes a Bold Leap into Crypto Scams The latest season of “Squid Game” delves into the murky world of cryptocurrency scams, with player 333, Lee Myeong-gi, revealed as a crypto influencer orchestrating a rug pull with the fictional Dalmatian (DAL) token. Amidst a backdrop of mixed fan reactions, the show eerily […]
Read MoreCrypto Scams Cost France €500 Million Annually as Authorities Ramp Up Countermeasures
French Financial Fraud Losses Soar to €500 Million Annually Due to Crypto Scams Crypto-related scams have become a formidable challenge for France, driving financial fraud losses to approximately €500 million each year, as reported by the Autorité des Marchés Financiers (AMF). Despite a decrease in reported complaints, the sheer impact of these scams remains a […]
Read MoreSocial Media Influencer Haliey Welch Accused in HAWK Memecoin Rug Pull Scandal
Social Media Influencer Haliey Welch Under Fire for Alleged HAWK Memecoin Scam Haliey Welch, a 22-year-old social media influencer, is mired in controversy with allegations of her involvement in a crypto rug pull scam involving the Solana-based HAWK memecoin. Despite facing serious accusations, Welch asserts her innocence and has pledged to cooperate fully with legal […]
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