Chase U.K. to Block Crypto Payments Citing Fraud, Scams
Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets. Source
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Scams
Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams
Australian crypto exchange Swyftx is launching a new “Earn and Learn” crypto education platform, aimed at rewarding its users for completing courses covering an array of crypto scams. The new educational platform will launch on Sept. 6 and comes amid heightened attention over crypto-related scams in Australia. Swyftx’s head of corporate
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Crypto is in ‘arms race’ against AI-powered scams: Quantstamp co-founder
With the field of artificial intelligence evolving at near breakneck speed, scammers now have access to tools that can help them execute highly sophisticated attacks en masse, warns the co-founder of Web3 security firm Quantstamp.Speaking to Cryptox at Korea Blockchain Week, Quantstamp's Richard Ma explained that while social engineering attacks have
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Exploits, hacks and scams stole almost $1B in 2023: Report
Malicious actors targeting the crypto space have taken more than $45 million in digital assets from their victims in the month of August alone and a total of $997 million year-to-date (YTD), according to a report shared by the blockchain security firm CertiK.In the report, CertiK highlighted that exit scams
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Breaking victim ‘trust’ in scammer is key to beat crypto scams, exchanges say
Cryptocurrency exchanges in Australia have been increasingly communicating with their users as part of preventative measures for scams. According to local crypto firms, such communication is the key to preventing scams as it is able to “break trust” between victims and scammers.Executives at major Australian crypto firms like Cointree, CoinSpot
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UN report links SE Asia crypto scams to human trafficking
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A recent UN report reveals hundreds of thousands of vulnerable migrants have been forced to participate in online scams. It confirms allegations made in a previous FBI report. The new report by the United Nations Human
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Binance under scrutiny, increased enforcement amid growing scams, Pepe’s drama
This week, Binance takes the spotlight amid allegations of market manipulation and sanction violations. Meanwhile, regulators ramp up enforcement actions against a backdrop of crypto-related crimes — the latest involving Pepe Coin. Binance’s SEPA concerns Binance emerged as a focal point of attention this week, owing to a sequence of circumstances. The official
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Thailand threatens Facebook shutdown over crypto scams
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Thailand has warned Facebook of a potential shutdown due to the rise in crypto scams and misleading ads on the platform. The Minister of Digital Economy and Society (DES), Mr. Chaiwut Thanakmanusorn, is taking action against fraudulent
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Crypto P2P scams in India show digital asset education is needed
Peer-to-peer (P2P) cryptocurrency trading has been a staple of the cryptocurrency community since the industry’s early days. P2P trading refers to the direct exchange of cryptocurrencies between two users without the involvement of intermediaries. P2P exchanges link buyers and sellers while also adding an extra degree of security through an escrow
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Thailand Warn Meta to Rein in Crypto Scams or Face Expulsion
A Thai lawmaker is seeking a court order to shut down Facebook in the country by the end of the month, accusing the platform of supporting fraudulent investment schemes. Source
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