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The scam was reported by blockchain security analyst ZachXBT on Sunday hence resulting in Microsoft removing the fake Ledger Live application to avoid further damage. Amid the mainstream adoption of the cryptocurrency market around the world, scams directed at both novice traders and veteran investors have evolved into sophisticated methods. In
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Anonymous blockchain sleuth ZachXBT calls out Bitboy, a crypto influencer and content creator, for selling a $3,999 indicator and paid group called ‘High IQ’ in an Oct. 27 post on X. The alleged group claimed to provide users with a leading indicator and a “proven strategy.” True profitability In his post, ZachXBT suggests
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FTX users are reportedly being targeted in a withdrawal scam. X (formerly Twitter) user and FTX creditor advocate Sunil cautioned FTX account holders about the phishing scam and urged them to avoid clicking on dubious links.Sunil’s X post highlights the ever-evolving tactics online scammers employ.FTX users have reported receiving deceptive emails purportedly
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On Oct. 10, the development team for gaming project FinSoul carried out an alleged exit scam, siphoning away $1.6 million from investors through market manipulation, according to a recent report from blockchain security platform CertiK shared with Cryptox. The FinSoul team allegedly hired paid actors to pretend to be its executives,
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Users of Friend.tech — a decentralized social network — have recently been targeted by numerous hacker attacks. Jason Janowitz — founder of crypto news outlet Blockworks — described in an Oct. 8 tweet how someone tried to hijack his Friend.tech account. At first he received a message that posed as coming from
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In an Oct. 8 post on X, Certik, a security-focused ranking platform, reported an exit scam on zkFlex Finance after charts show a 100% in the project’s value. Alongside this announcement, the project’s social media accounts and websites have also been removed. Deleted accounts #CertiKSkynetAlert 🚨We are seeing an exit scam on @zkFlexFinanceETH:0x54855D3133669B7EF54A2c962F5f63fdb44bBaE9Which
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Hong Kong police have cautioned residents about scammers posing as Binance and sending phishing texts. Over the past two weeks, authorities have recorded 11 cases, amounting to HK$3.5 million in reported losses. A local news report dated Oct. 9 calls out a post on the “Net Keeper” social platform, in which law
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The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a September 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when the coin turned out to have a
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Chase U.K. will block all crypto payments over fraud and scam allegations. Chase U.K., a U.K. entity of the global bank, warned its customers that starting Oct. 16, it will block all crypto-related payments in an email to the customers. The email specified that customers are still free to interact with
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