Cryptocurrencies: A Necessary Scam?
Yes, Web3 is a bunch of bullshit. The problem is, compared to what? Source
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Scam
Metallica issues crypto scam alert before the 72 Seasons album launch
It’s quite evident that bad actors have left no stone unturned as legendary metal band Metallica warned fans against crypto giveaway scams right before their highly anticipated launch of its new album, 72 Seasons.Cashing in on the buzz around Metallica’s new album launch and upcoming tour, scammers have started targeting
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US Seizes Domains Used in ‘Pig Butchering’ Crypto Scam – Featured Bitcoin News
U.S. authorities have seized seven domains used in “pig butchering” cryptocurrency schemes. “Once the money is sent to the fake investment app, the scammer vanishes, taking all the money with them, often resulting in significant losses for the victim,” the Department of Justice warned. 7 Domains Used in Pig Butchering
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Sam Bankman-Fried deepfake attempts to scam investors impacted by FTX
A faked video of Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has circulated on Twitter attempting to scam investors affected by the exchange’s bankruptcy.Created using programs to emulate Bankman-Fried’s likeness and voice, the poorly made “deepfake” video attempts to direct users to a malicious site under the promise
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‘Do not delay’ — ASIC warns Aussies to look for 10 signs of a crypto scam
Australia’s market regulator has released a list of the “top-10 ways to spot a crypto scam,” amid a detected rise in crypto-related investment scams this year.The Australian Securities and Investment Commission’s (ASIC) public advisory statement was published as part of Scams Awareness Week 2022, an initiative that teaches Australians how to
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Singapore Police Received 631 Cryptocurrency Scam Reports in 2021, Government Says – Regulation Bitcoin News
The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers based outside Singapore. As such, there is a limit to how much law enforcement agencies in Singapore can do,” said
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Web3 sees 15 new scam smart contracts an hour: Solidus Labs
The Web3 and cryptocurrency space is seeing a significant amount of smart contract scams proliferating, with blockchain risk monitoring firm Solidus Labs saying it has detected on average 15 newly deployed scams every hour.Solidus Labs said on Oct. 27 that it had been monitoring 12 blockchains including Ethereum (ETH), Polygon
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Crypto Trading Firm PGI Dissolved in UK After Alleged Scam
PGI Global UK has been shut down after allegedly scamming would-be investors of around $709,000 between July 2020 and February 2021. Source
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State Securities Regulators Move to Shut Down NFT Scam Tied to Metaverse Casino
According to the regulators, the company issued 10,000 Slotie NFTs that provided investors with ownership interests in the casinos and opportunities to earn passive income from their operations. The filings also accuse Slotie of violating state registration laws by failing to register their securitized NFTs with the appropriate securities boards. Source
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Scammers Are Targeting Cryptocurrency Scam Sites to Hijack Their Targeted Audience – Security Bitcoin News
Cryptocurrency scam sites are being targeted by other scammers to hijack their traffic and their possible earnings. A recently detected threat actor, named Water Labbu, is manipulating the users that are drawn to these sites as a source of revenue, injecting a malicious script as a tool for interacting with
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