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The new year is a fresh start for malicious actors in the crypto space and 2023 won’t likely see a slowdown in scams, exploits and hacks, according to CertiK.The blockchain security company told Cryptox its expectations for the year ahead regarding bad actors in the space, saying:“We saw a large
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Place/Date: - December 9th, 2022 at 1:00 pm UTC · 3 min read Source: HealthPotion Over the last 4 years, the top issue across all crypto-asset complaints was “Fraud or scam”. The value of these scams is increasing all the time, soaring to $14bn in 2021. Scams
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Front-running scam bots are significantly gaining traction on YouTube, with the number of dubious videos increasing six-fold in 2022 according to a new report from blockchain security firm CertiK.In the firm's Dec. 1 report, CertiK explores how a wave of front-running bot scams are promising free returns as high as 10X
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Latam is still unprepared to deal with cryptocurrency-related crimes and scam situations, according to a recent report issued by Global Financial Integrity (GFI), a Washington DC-based think tank. The document states that crypto regulation has failed to grow with the adoption of these new technologies and that governments have often
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Polkadot, a protocol that connects blockchains, has announced its latest initiative to help its ecosystem fight scams. According to the company, relying on security-minded individuals within its community to fight scams has proven to be an effective method of safeguarding its ecosystem. To incentivize the members of its community to continue
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Their first company, HashCoins, which launched in December 2013, purported to be a manufacturer of crypto mining equipment, and took orders (and payment in full) from customers who wanted to purchase miners. However, according to the indictment, HashCoins never manufactured anything – instead, it re-sold mining equipment purchased on the
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The Singapore Police Force has warned investors to be weary of fake websites claiming they can help them recover funds from the now-bankrupt cryptocurrency exchange FTX. On Nov. 19, the police issued a warning about a website claiming to be hosted by the United States Department of Justice that prompts FTX
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“While some of the big rug pulls and scams make the news, like the famous Squid Games Token that’s estimated to have cost users around $3 million in lost funds, the full picture stemming from our data shows the vast majority of these scams go unnoticed,” Solidus Vice President of
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A Solidus Labs report showed that Binance’s BNB Chain leads in volume of scams. The exchange giant’s validators were able to prevent a major hack earlier this month. Could they play a bigger ongoing role through a quality control DAO? Original Source
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A total of 23 entities including wallets, accounts and individuals, were traced in this stealthier version of a common crypto romance scam. Original Source
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