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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A scammer stole around $15 million worth of cryptocurrencies after cloning the user interface of HitBTC, a popular Hong Kong-based crypto exchange. Scammers make off with $15 million According to SlowMist, a crypto compliance expert, this scam has
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As the hype surrounding the Pepe memecoin intensifies, bad actors have started to take notice, resulting in scam attempts now plaguing the crypto space. According to blockchain security firm PeckShield, there have been at least 10 memecoin scams created in the last three days alone. The firm detected and reported scam
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Africrypt founders who defrauded South African retail investors 70,000 BTC in 2021 are being investigated by Swiss authorities for money laundering. The Africrypt scam A report on April 23 shows that Ameer and Raees Cajee, the brothers behind Africrypt, surfaced
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The Treasury's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime. Source
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While scammers can also feel the chill of the crypto winter as scam revenue drops by 46%, some continue to adapt and thrive despite the bear market. In a crypto crime webinar focusing on crimes that affect consumers, Eric Jardine, the cybercrimes research lead at blockchain analysis firm Chainalysis broke down
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According to an official post on March 22 from Circle, issuer of the USD Coin (USDC) stablecoin, the Twitter account for its chief strategy officer and head of global policy, Dante Disparte, has been compromised. In a previously deleted Tweet, Disparte’s account reportedly began promoting fake loyalty rewards to long-time
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Americans lost $10.3b to online scams in 2022, with crypto investment losses accounting for about 25%. Crypto fraud rose 183% in 2022 The FBI report showed that online scams relating to crypto investments shot up to $2.57b in 2022 from $907m in 2021, a 183% increase. The data gathered by the internet crime complaint center
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Solano, however, said Yuga’s decision to use the Bitcoin blockchain is the company’s effort to be more transparent. By being explicit, the company could then “set the best precedent … given the constraints of running a trustless auction on Bitcoin that simply isn’t possible at this stage.” Source
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Nonfungible token (NFT) conglomerate Yuga Labs is facing some criticism from the cryptocurrency community, including the creator of Bitcoin Ordinals, over how it plans to auction its new Bitcoin NFT collection. On Mar. 5, Yuga opened bids for its “TwelveFold” collection which will see 300 NFT-like images inscribed on Satoshis using
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Data from Etherscan shows that some crypto scammers are targeting users with a new trick that allows them to confirm a transaction from the victim’s wallet, but without having the victim’s private key. The attack can only be performed for transactions of 0 value. However, it may cause some users
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