Category: Scams
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Crypto lost to exploits, scams, hits $1.5B in February with Bybit hack: CertiK
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Blockchain Security Certik said that the losses made on fraud, exploitation and intuitive processes amounted to approximately $ 1.53 billion in February, as Blockchain Security Certik represented. Certik said on February 28 / mail. The incoming amount lost in February is a jump of about 1500 % of 98 million…
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Phishing Scams Drain Over $41 Million from Victims
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huge $41 million was lost In October so far due to the increasing influx of phishing attacks. Most cryptocurrency phishing scams typically involve users engaging in signing actions through their cryptocurrency wallets, to approve contracts or bind permissions. Creating fake codes that resemble real wallet codes is one of the…
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Phishing Scams Drain Over $41 Million from Victims
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huge $41 million was lost In October so far due to the increasing influx of phishing attacks. Most cryptocurrency phishing scams typically involve users engaging in signing actions through their cryptocurrency wallets, to approve contracts or bind permissions. Creating fake codes that resemble real wallet codes is one of the…
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Gen Z Targeted By Crypto Scams
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Coinbase warns of a worrying trend: Gen. Z Become more vulnerable to online scammers. The cryptocurrency exchange published a blog post on October 8 in which it identified four important threats that young users should be aware of. These consist of recovery schemes, fake websites, romance scams, and social media…
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Gen Z Targeted By Crypto Scams
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Coinbase warns of a worrying trend: Gen. Z Become more vulnerable to online scammers. The cryptocurrency exchange published a blog post on October 8 in which it identified four important threats that young users should be aware of. These consist of recovery schemes, fake websites, romance scams, and social media…
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Citi pushes back on New York lawsuit over fraud scams, Bloomberg News reports By Reuters
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(Reuters) – Citigroup lawyers urged U.S. District Judge Paul Oetken to dismiss a lawsuit filed in January by Attorney General Letitia James, which accuses the Citibank unit of failing to compensate customers who fall victim to online scammers, Bloomberg News reported on Tuesday. The report added that the lawyers said…
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Crypto ‘Pig Butchering’ Scams Targeted In CFTC’s New Joint Crackdown
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In an effort to combat the growing threat of Bitcoin fraud known as “pig slaughter,” the Commodity Futures Trading Commission has issued a announce a coordinated effort With other federal and commercial organizations. In doing so, the agency will work with a variety of federal and private groups—not just the…
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Americans lost over $5.6b in crypto scams in 2023, FBI says
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Cryptocurrency-related scams and frauds soared last year, with losses up 45% in 2023 compared to the previous year, according to a new report from the FBI. As cryptocurrencies gain popularity in the United States, they are also leading to an increase in cryptocurrency scams. According to the FBI a report…
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Binance Prevents $2.4 Billion In Potential Losses From Scams
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Cryptocurrency exchange Binance announced Tuesday that it has prevented more than $2 billion in potential losses from fraud and scams since January 2024. The exchange highlighted risk management measures and a “proactive approach” as key to keeping its more than 1 million users’ funds safe from fraudulent activity. Binance Prevents…
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Binance Prevents $2.4 Billion In Potential Losses From Scams
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Cryptocurrency exchange Binance announced Tuesday that it has prevented more than $2 billion in potential losses from fraud and scams since January 2024. The exchange highlighted risk management measures and a “proactive approach” as key to keeping its more than 1 million users’ funds safe from fraudulent activity. Binance Prevents…
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Australia’s police joins global campaign to disrupt crypto scams
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The Australian Federal Police has teamed up with Chainalysis to identify more than 2,000 hacked cryptocurrency wallets owned by Australians. Australia’s national police agency, the Australian Federal Police, has partnered with blockchain forensics specialist Chainalysis to combat cryptocurrency fraudsters as the number of hacked cryptocurrency wallets belonging to Australians has…
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Australia’s police joins global campaign to disrupt crypto scams
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The Australian Federal Police has teamed up with Chainalysis to identify more than 2,000 hacked cryptocurrency wallets owned by Australians. Australia’s national police agency, the Australian Federal Police, has partnered with blockchain forensics specialist Chainalysis to combat cryptocurrency fraudsters as the number of hacked cryptocurrency wallets belonging to Australians has…
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Approval phishing scams ‘a much bigger problem’ than first thought
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Since May 2021, a staggering $2.7 billion has been lost to consent phishing attacks — and a multinational operation has led to the identification of one victim in the middle of a scam. A large-scale operation has been launched to thwart cybercriminals involved in “consent phishing.” According to Chainalysis, such…
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Top Tips To Avoid Telegram Scams And Stay Safe Online
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In the digital age, where instant messaging has become an integral part of our daily communication, Telegram stands out for its encrypted messaging service, attracting millions of users worldwide. However, the platform’s popularity has also made it a fertile ground for various telegram scams, affecting unsuspecting users. From telegram scamming…
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Charles Hoskinson Announces Mithril Upgrade While Cardano Is Facing Increasing Scrutiny And Scams
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In the ever-evolving landscape of blockchain technology, the Cardano network, led by visionary Charles Hoskinson, has been making waves with its innovative upgrades and ambitious roadmap. The latest development to captivate the crypto community is the long-awaited Mithril upgrade, which promises to revolutionize Cardano’s scalability and decentralization. However, as the…
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Rise Of Crypto Scams: Fake Websites And Misinformation Plague The Industry
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Recent reports reveal an increase in Fraudulent activities In the cryptocurrency space, from fake websites featuring fabricated team members to misleading press releases about fundraising and partnerships with prominent industry players. As the cryptocurrency market experiences a revival and attracts individual and institutional investors, the risk of falling victim to…
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Ripple CTO Leads Charge Against Emerging Crypto Scams
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In the dynamic and rapidly evolving cryptocurrency landscape, vigilance against scams and fraudulent activities is becoming increasingly crucial. rippleDavid Schwartz, CTO of XRP, has emerged as a strong advocate for protecting the XRP community against the latest wave of malicious actors targeting unsuspecting investors. Detecting the Deceptive X Network scam…
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Ripple CTO Leads Charge Against Emerging Crypto Scams
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In the dynamic and rapidly evolving cryptocurrency landscape, vigilance against scams and fraudulent activities is becoming increasingly crucial. rippleDavid Schwartz, CTO of XRP, has emerged as a strong advocate for protecting the XRP community against the latest wave of malicious actors targeting unsuspecting investors. Detecting the Deceptive X Network scam…