A new cryptocurrency scam accounting for losses running into millions of dollars has been detected in the Bay Area, United States, targeting Silicon Valley investors. The crypto scam dubbed ‘Pig Butc...
Tag: Scam
Crypto Winter Has Caused a Decline in Scam Activity – crypto.news
Chainalysis has revealed via its Mid-Year Cryptocurrency Crime Update report released on August 16, 2022, that the significant slump in the price of bitcoin and other currencies has triggered a declin...
Indian Police Join U.S. in the Hunt For BitConnect Scam Mastermind Satish Kumbhani
– Advertisement – Police in India have joined US authorities in the search for the wanted mastermind of crypto pyramid scheme, BitConnect. Back in 2016, a supposedly very “upcoming” and “i...
Illicit Crypto Activity Falls — Scam Revenue 65% Lower Than Last Year – Featured Bitcoin News
Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year. “Those numbers sug...
Kevin Sam Is the Latest Crypto Romance Scam Victim
The number of romance scams involving crypto have exploded in recent years. Not long ago, Kevin Sam of Antioch became the latest victim of one such scam, and he’s lost hundreds of thousands of dollars...
Crypto Scam Revenue Has Dropped by 65% in 2022: Chainalysis
Illicit crypto volumes have been diminishing year-over-year, with scams making the largest drop, according to a report by blockchain analytic firm Chainalysis. Chainalysis pointed out: “Total sc...
Reasons why 2022 saw a 65% dip in crypto scam revenue
A new Chainalysis report has said that crypto scam revenue has taken a beating since the beginning of the year. According to the new report from the analysis website, one reason for this is the bearis...
Saudi Shibu Inu – Worth Investing or Another Scam?
At this point, it is safe to say that memes play an integral part in the cryptocurrency ecosystem. Last year, the world’s richest person, Elon Musk insinuated the potential of Dogecoin, which had beco...
Cryptocurrency scam revenue falls 65% in a year, new data shows
Despite the fact that many people in the cryptocurrency industry are anxious about reports about possible scams, a recent study has shown that the amount of scams that have occurred in the last year h...
Crypto YouTubers ‘BitBoy’ and ‘Atozy’ clash in a defamation lawsuit over scam claims
In the increasingly competitive cryptocurrency sector, lawsuits seem to be a-plenty, including those involving crypto influencers and YouTube personalities, two of which have been caught up in a defam...
Brazilian Crypto Platform Halts Withdrawals, Scam Or Hack?
In a shocking revelation, a Brazilian crypto lending company announced halting of withdrawals due to an attack. A company representative of BlueBenx said the company suffered a hack worth $32 million....
XM Broker Review 2022 Is it Safe or Scam? All Pros & Cons
XM is an online broker and trading website that allows clients to trade a range of assets. Founded in 2009, XM group provides traders with the full MetaTrader platform suite by MetaQuotes Software Cor...
Is it Safe or a Scam? All the Pros & Cons
ATFX is a broker offering the ability to trade a range of assets and aims to make their platform simple to use with support for the MetaTrader 4 software. ATFX prides itself on offering competitive pr...
TeslaCoin investors lost around $250 in crypto scam on Facebook ads
Recently, a new crypto scam targeted the most vulnerable investors in Canada, Australia, and Europe. According to reports, the fraud is associated with Facebook ads where it is offered to invest in Te...
Green Shiba Inu experienced a major drop – Is it a Scam?
Green Shiba Inu has experienced a steep drop after receiving a marginal pump in August. And since there is no buzz around this cryptocurrency, the crypto crowd is asking a legitimate question – is it ...
Green Satoshi Token was up by a suspicious 450% before retrace – Sign of a scam
The Green Satoshi Token was Up by a Suspicious 450% last month- is it a sign of a scam? This article covers the story so that you can make informed investment decisions. When a particular token starts...
California Man Must Pay $61K in Restitution for SIM Swap Scam That Stole One Victim’s Crypto
Richard Yuan Li, whom prosecutors had charged with one count of conspiracy to commit felony wire fraud, and co-conspirators stole the crypto from an unnamed New Orleans physician after gaining access ...
Dogecoin down 6% Despite Wallet Scam
The meme coin hype has faded this year, with top meme coins like Dogecoin and Shiba Inu reporting a significant plunge from their all-time highs amid the ongoing bear market. However, the popularity o...
The bug on exchange rates: the new Bitcoin scam
The creation of Bitcoin has brought many benefits to the financial system and with it, unfortunately, all kinds of scams aimed at deceiving others. Bitcoin: the new exchange rate scam The new Bitcoi...
Polygon-Based Token Crashes to Zero in Rug Pull Scam
Alex Dovbnya Dragoma, a Polygon-based project, ends up being a rug pull scam Dragoma, a Polygon-based Web3 lifestyle sports application that combines GameFi and SocialFi elements, has pulled the rug o...
Aurora Labs exec details ‘fascinating and devious’ crypto scam he almost fell for
Aurora Labs’ head of product, Matt Henderson says there is a sophisticated over-the-counter (OTC) transaction scam running about that almost duped him into losing a stash of his hard-earned cryp...
New Dogecoin Scam Making Rounds on Twitter
Alex Dovbnya The holders of Dogecoin have been warned that there is no customer support for the largest meme coin The official Twitter account of the Dogecoin cryptocurrency has posted a warning about...
This Eccentric Scam Targeting Uniswap (UNI) Users Netted Malefactors $30K Per Day
Vladislav Sopov Don’t try to outsmart largest Ethereum (ETH) DEX with free instructions from YouTube tutorials Contents Why trying to earn “$1000/day on Uniswap” through YouTube manu...
British Man £20k In Bitcoin Investment Scam Turns £19: Report
– Advertisement – Thames Valley local becomes a victim of a Bitcoin scam. A report from The Royal Borough Observer on Friday reveals that a resident of Thames Valley in South East Englan...
AMTD Digital Plunges Nearly 40%—Stay Away From This ‘Absolute Scam,’ Expert Warns
Topline Shares of Hong Kong fintech firm AMTD Digital continued to plunge on Thursday, crashing for a second day in a row after rising more than 21,000% since its July IPO, with experts calling it a n...
ChangeNOW Is a Scam! Is This True?
ChangeNOW is a scam! ChangeNOW illegally holds my money! ChangeNOW are thieves! These are some of the hostile comments that have been making rounds on the internet. These accusations got the crypto co...
ICO Pitchmen Sentenced to Prison for $1.9 Million Crypto Scam
Two crypto founders were sentenced to federal prison Monday for scamming investors out of $1.9 million. According to a release published by the U.S. Attorney’s office in California, Jeremy McAlpine an...
New York Attorney General Urges Crypto Scam Victims To File Complaint – crypto.news
Letitia James has instituted a new initiative calling on New York residents to report cases of crypto fraud to her office. The jury wants people who have been deceived or defrauded by crypto exchanges...
California Men Sentenced to Prison after Pleading Guilty to $1.9M Crypto Scam
The California duo ran a crypto scam operation for more than two years and are now set to serve a cumulative sentence of over 4 years. A pair of men in California got slammed with prison sentences for...
Four Men in India Charged with Running Crypto Scam
Four men in India have been indicted for potentially running a crypto scam. The individuals are believed to have promoted a fake loan-conversion firm that potentially secured online loans and converte...
US Department Of Justice Sends Two Orange County Men To Jail For Crypto Scam Involving 2k Investors
– Advertisement – Two men from Orange County have been sentenced to jail time for a crypto scam that resulted in $1.9 million in losses. Yesterday, the Justice Department announced that ...
Pakistani Politician Imran Khan’s Instagram Account Used to Promote Crypto Giveaway Scam – Featured Bitcoin News
Imran Khan, a former prime minister of Pakistan and current chairman of one of the largest political parties in the country, has confirmed that his Instagram account was compromised and hackers used i...