Chinese Authorities Have Seized a Massive $4 Billion in Crypto From PlusToken Scam
Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China. Source
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Twitter Hires Noted Hacker as Head of Security Months After Bitcoin Scam
Twitter has hired a new head of security four months after suffering one of the worst breaches in its 14-year history.As reported by Reuters on Monday, Peiter Zatko, a prominent white-hat hacker going by the handle “Mudge,” said he will take charge of security, site integrity and engineering on behalf
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Binance takes credit for thwarting an attempted exit scam on its blockchain
Binance announced Wednesday the successful recovery of $344,000 in funds from the attempted exit scam of Wine Swap, a project on the Binance Smart Chain (BNB).Wine Swap was an automated market maker platform similar to Uniswap that launched on Oct. 13. Within an hour of the launch, it had amassed
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UK Police Find no Crime in Alleged $3M Crypto ‘Staking’ Scam
Investors who say they lost hundreds of thousands of pounds in an alleged cryptocurrency fraud have had no luck persuading the police that there was in fact a crime committed.According to an investigation by the Metro newspaper published Tuesday, a number of investors said they had invested in a cryptocurrency
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Trump Campaign Website Hit by Hackers Touting Crypto Scam
The president's campaign website was briefly compromised on Tuesday, as hackers looked to fleece cryptocurrency from unsuspecting supporters in the final days before the 2020 election. Source
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New Blockchain Program Aims to Counter Fake Viewer Data, Scam Ads
Blockchain-enabled video network Theta has partnered with Chainlink to help push back on video advertising scams, the likes of which often pop up promoting “cryptocurrency giveaway” dupes. Announced on Friday, the solution to counter scam-ads uses video performance data from Theta’s network to assign a “reputation score” for each streamer based
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Indian police begin probe into alleged $270K cryptocurrency exchange scam
The operator of Delhi-based cryptocurrency platform Pluto Exchange is accused of duping 43 investors of more than $272,000.A local news outlet Millennium Post reported that the Economic Offence Wing of the Delhi Police has launched a probe against the operators of the Pluto Exchange after 43 investors filed a complaint
Read MoreAnother DeFi exit scam just made off with $20M in investor funds
The rapidly expanding DeFi space is becoming riddled with scams as another suspicious project has headed for the exits carrying speculators' money."A new liquidity mining pool DeFi project, Yfdexf.Finance has exited the market after defrauding investors of $20 million in total funds locked in its protocol," media outlet ZyCrypto wrote
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Blockchain Bites: Bitmain Denied, Coinbase Blocked and a Potential EOS Exit Scam
Bitmain’s appeal to recoup $30 million in alleged lost revenues from Poolin has been denied, Digital Currency Group has acquired a retail-focused exchange and Venezuelan officials appear to have blocked access to Coinbase. Top shelfBitmain bustA court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages
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Scam warning as Columbia’s President ‘endorses’ Bitcoin Era
The Colombian police have issued a warning about fraudsters promoting a Bitcoin scam website to social media users.The “announcement” about the launch of a fake Bitcoin-related investment system was purportedly “approved” by Ivan Duque, President of Colombia.According to Colombia Check, quoting a statement by the Cybernetic Police Center, the site
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