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John A. DeSalvo, a former lieutenant at the New Jersey Department of Corrections, has been charged by the U.S. Securities and Exchange Commission (SEC) for orchestrating a crypto scam that specifically targeted police officers and first responders.According to the Aug. 23 announcement, DeSalvo allegedly raised $623,388 from 222 investors through
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Police in Israel have reportedly accused entrepreneur Moshe Hogeg of defrauding users out of roughly $290 million through scams involving crypto projects.According to an Aug. 23 report from The Times of Israel, the national police force recommended to prosecutors that Hogeg be charged with fraud, theft, money laundering and sex
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied After falling victim to an apparent scam, Bryan Lawrence, CEO of crypto startup Glow Token, has sued major crypto exchange Crypto.com. Glow Token LLC has taken legal action in a Florida court against Crypto.com, accusing the exchange
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On-chain threat monitoring system AegisWeb3 has issued a warning on X, alerting the community against phishing attacks imitating Friend.tech. According to AegisWeb3, a phony X account called @friendtech_web3 recently announced an airdrop for the Friend token and
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Layer 1 blockchain Terra was targeted by a phishing attack over the weekend with the official website being compromised by hackers. Source
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The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital has seemingly been taken over by scammers attempting to lure users with the promise of a token claim.On Aug. 9, Blockchain Capital's account made multiple posts promising a giveaway of "BCAP" tokens and directed users to a copycat website
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The service, which will be online on Tuesday, runs across the seven Ethereum Virtual Machine chains supported by Forta, including Ethereum, Polygon and BNB Chain. A previous version focused on on-chain data only, such as smart contracts involved in scam activity. The latest version also incorporates malicious URLs. Source
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Elon Musk has stated that his social media platform X (formerly Twitter) has no plans to launch crypto tokens in response to a post regarding questionable X and Twitter-based digital currencies on Saturday, Aug. 5.In response to a post by DogeDesigner, Musk addressed the issue of scam tokens like X
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Binance CEO, Changpeng ‘CZ’ Zhao has recently provided details on a failed $20 million scam attempt in a bid to keep the
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Binance CEO Changpeng 'CZ' Zhao warned his followers on X about a tricky and increasingly popular scam targeting the crypto community, in which fake wallet addresses are used to defraud users during transactions.The scheme generates addresses with the same starting and ending characters as the user's original address. Once the
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