Latest News and Articles about Scams
AUSTRAC Cracks Down on Crypto ATM Scams: Australia’s Regulatory Response
Australia’s Crypto ATM Crackdown: AUSTRAC Tackles Rising Scams Australia’s financial crimes watchdog, AUSTRAC, has stepped up efforts to combat the misuse of cryptocurrency ATMs, issuing a stern warning to operators over significant gaps in anti-money laundering (AML) and counter-terrorism financing (CFT) compliance. This action comes as Australia emerges as a global leader in crypto ATM […]
Read MoreCoinMarketCap Issues Urgent Scam Alert: Beware of Fake CMC Tokens
Scam Alert: CoinMarketCap Warns of Fake CMC Tokens CoinMarketCap, a leading cryptocurrency data provider under Binance’s ownership, has issued a critical scam alert regarding the circulation of fake CMC tokens, emphasizing that no such official tokens exist. This alert underscores the prevalent threat of scammers exploiting reputable brand names to deceive investors, a tactic that […]
Read MoreCrypto Whitepapers: Your Guide to Navigating Projects and Avoiding Scams
What is a Crypto Whitepaper? Whitepapers Explained A crypto whitepaper is the cornerstone document for any cryptocurrency project, detailing its goals, technology, and roadmap. Understanding it is crucial for investors to make informed decisions and avoid scams. Crypto whitepaper definition Key components Analyzing whitepapers Avoiding scams Notable whitepapers A crypto whitepaper is your essential guide […]
Read MoreBitcoin ATMs Grow 6% in 2024, But Scams and Regulations Surge
Bitcoin ATMs Surge 6% in 2024 Amid Crypto Resurgence Despite a global surge in Bitcoin ATMs, the crypto world isn’t all sunshine and roses. While these machines make cryptocurrencies more accessible, they also bring increased regulatory scrutiny and a surge in scams. 6% global growth in Bitcoin ATMs in 2024 Over 37,500 machines worldwide U.S. […]
Read MoreHong Kong Police Arrest 31 in $4.3M Deepfake Crypto Scam Crackdown
Hong Kong Police Arrest 31 in Major Crackdown on Deepfake Cryptocurrency Scams Hong Kong police have struck a significant blow against cybercriminals by arresting 31 members of a sophisticated criminal network that used deepfake technology to swindle victims out of more than $4.3 million. Deepfake technology, a type of artificial intelligence used to create or […]
Read MoreBitcoin ATMs in Australia Surge for 29 Months, Scam Concerns Rise
Bitcoin ATMs in Australia Continue 29-Month Surge, Amidst Growing Concerns of Scams Australia’s Bitcoin ATM count has surged for 29 consecutive months, bringing the country close to matching Europe’s total and cementing its position as a global leader in the network of services supporting cryptocurrencies. As these machines become more widespread, the increase in scams […]
Read MoreCryptocurrency Phishing Crisis: Griffin’s Loss Highlights Google Authenticator Vulnerability
In a dramatic twist of fate, Griffin, a seemingly tech-savvy individual, found his digital assets slipping through his fingers, thanks to an elaborate phishing scam. This incident not only compromised his Google account but left his cryptocurrency holdings exposed, underscoring the urgent need for robust security measures against increasingly sophisticated cybercriminals. Griffin’s ordeal began with […]
Read More