Tag: Crypto Scam

Andrew “Twiggy” Forrest, an Australian billionaire, is suing the social media giant Facebook over allegedly fraudulent cryptocurrency adverts that utilized his identity to mislead victims. The head of Fortescue Metals claims that Facebook is breaking Australian anti-money laundering rules by “knowingly profiting from this cycle of illegal ads” that it neglected to remove. Australian mining magnate Andrew […]

The Federal Trade Commission or FTC of the United States has issued a warning about a new version of a fraud-related to cryptocurrencies. The three major components involved in the scam are an impersonator, a crypto ATM, and a QR code where sufferers will be encouraged to send money. According to the FTC, fraudsters pose […]

On Saturday, a 50-year-old man was arrested in Bangkok, Thailand, for allegedly conducting a bitcoin investment scam. He enticed individuals from the country as well as outside it to engage in his fake cryptocurrency scheme by offering enormous profits, claiming that by investing in just 200 days, they might get a return of four times. […]

Bent Finance, a staking and farming platform, has become the sixth cryptocurrency firm to face a digital attack in December. Following the acknowledgment of the hack, investors are requested to withdraw their pool funds. The compromised platform’s reward claims are also disabled. Bent Finance discovered the exploit on Monday at approximately 8:55 p.m. EST, a […]

A young Australian couple is using their personal experience to sound a note of warning to potential crypto investors. The warning comes after they lost well over $100,000 to scammers while trying to invest in cryptocurrency. Australian Couple Loses $100,000 to Fake Crypto Investment Identified as Emma Robinson and Hugo De Meira Quintao, the Australian […]

Animoca Brands, the famous gaming and venture capital company, and its subsidiary Blowfish Studios have announced that they will repay its customers the 265 stolen ETH ($1.1 million) in a fraudulent NFT sale on Discord. The scam minting event happened on November 19 at around 3 a.m. AEDT on the Phantom Galaxies server on Discord […]

Russia has reportedly failed to help a group of victims of a now-defunct crypto exchange Wex. According to reports, the victims had filed a request with the Russian Ministry of Interior to help do its part, by blocking crypto funds that were removed from a wallet controlled by Wex, especially as more than 10,000 ETH […]

The data represented by Flipside Crypto notes that the Polygon Network was subjected to a well-orchestrated attack by an arbitrage bot. The attackers designed this arbitrage bot to take advantage of the low-cost capabilities of the Polygon network, formerly MATIC.  As a result of continuous attacks over a period of 120 days or less than 4 months, […]

The crypto world is considered secure because of no controlling centralized entity. But data leaking in the system is pretty common as it became a tool for the FBI. In West Virginia, the police arrested a nuclear engineer and his wife on the grounds of treachery and selling of classified information. The duo supplied secret […]

Cryptocurrency-related crimes have been on the rise due to a lack of proper knowledge and regulations as well. A recent report revealed that a college student for robbed on knifepoint from his dorm room. This type of crime will strike fear in the heart of every student who is investing in cryptocurrencies. With the rising popularity […]

Scams are a common occurrence in the crypto ecosystem. NFTs are no different. After a non-fungible token (NFT) selling a cybersecurity exploit and a NFT marketplace getting hacked, another common specter of the cryptocurrency world has taken root in the NFT ecosystem – scams. According to new research out today from Bolster, a deep learning-powered fraud […]

It will not be wrong to say that ICOs or the Initial Coin Offerings form the backbone of the cryptocurrency arena. Despite facing the slump in 2018, the digital currency space failed to lose its charm and dominance in the market space. More than a dozen new cryptocurrency projects are introduced for the investors every […]

It seems like Crypto scam will never dissipate from the cryptocurrency space. Crypto Scam: They’re More Prominent Than Ever A man in New York has been arrested and charged with running a fraudulent cryptocurrency operation and Crypto Scam. 47-year-old Asa Saint Clair claimed that his project was tied to the United Nations (UN) through an […]