TL;DR Breakdown • JPX asks crypto investors to avoid trading with unverified companies.• Japan could accept crypto trading soon. As crypto trading grows, so do crypto scam methods that harm enthusiast...
Tag: Scams
Japan debunks the latest in the gamut of cryptocurrency scams
Impersonation scams in the cryptocurrency industry abound, with hundreds of fake Elon Musk’s and Michael Saylor’s offering huge returns on social media to entrap the uninitiated. While in the past, ma...
Romance scams for crypto on the rise as FTC sends warning
Crypto scams on romance are on the rise in the Bay Area as FTC sends a warning More than 25 times scam reported than 2019 this year itself The median loss for consumers was nearly $9770 for last yea...
FTC Warns of Romance Scams Luring People Into Bogus Cryptocurrency Investments – Regulation Bitcoin News
The U.S. Federal Trade Commission (FTC) has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency...
FBI Warns of Increased Crypto Romance Scams Leading up to Valentine’s Day
The Federal Bureau of Investigation (FBI) has sent out a warning to gullible singles looking for love, to be on the lookout for romance scams making use of cryptocurrencies. In a recent press release,...
Valentine’s Heartbreak: FBI Warns Of Crypto Romance Scams Ahead Of Hearts’ Day
Valentine’s Day is a significant day for many people worldwide. In the run-up to “heart’s day,” many will take on the role of Mr. Cupid – the chubby winged angel – except his arrows of love will not o...
FBI warns against rising crypto romance scams during Valentine’s week
The United States Federal Bureau of Investigation (FBI) has issued a warning against the rise in romance scams in the San Francisco Bay Area, with the latest trend involving cryptocurrencies. Just a ...
Decentralization as a solution for scams in crypto space
How did it come to this? Cryptocurrency was introduced 13 years ago, and to be honest, not many cared. Back when esports competitions gave prizes in Bitcoin, which may have gotten you a pizza. Today, ...
Over $6 billion has been lost to just two crypto scams
Scams were among the leading causes of cryptocurrency deaths, accounting for over 500 doomed coins so far. This is the finding in the latest report from Traders of Crypto, which analyzed over 2,300 “d...
The NFT Industry: On Scams, Exploitations And Dealing With The Nitty-Gritty Of The Business
(This is the second part of a three-part deep dive into the current state of the world’s music NFT industry and how it is making an impact on society) NFT scam site HitPiece.com and its founders were ...
Aussie Billionaire Andrew Forrest Sues Facebook Over Crypto Scams
Andrew Forrest is one of Australia’s richest men. He has filed a criminal case against Facebook for not preventing scam crypto ads using his likeness on the social network. According to The Australian...
The FBI Says Crypto Scams Are Up
Experts at the Portland division of the Federal Bureau of Investigation (FBI) are telling people what they can do to avoid cryptocurrency scams, which have seemingly become much more prominent and agg...
‘Altcoins such as Ethereum are just scams’: Max Keiser rallies support for Bitcoin
Ethereum, the largest altcoin and Bitcoin had battled it out for the number one and two spots in the market cap rankings. The incredible rise of NFTs and DeFi spurred waves of investment into Ethereum...
McDonald’s Dumb Joke With Elon Musk About A Meme Coin Has Led To Possible Crypto Scams
Ronald McDonald and Grimace appear in the 94th Annual Macy’s Thanksgiving Day Parade¨ on November 24, 2020 in New York City. [“Getty Images”] Grimace, the purple blob character in Mc...
How to Identify Crypto Scams
The digital transformation in recent times has taken the world by a storm. From Fintech innovations to cryptocurrencies, the world is experiencing a one-of-a-kind digital switch. Investing in cryptocu...
Nervos Network partners up with Pastel to offer protection from NFT scams and hacks
An open-source blockchain ecosystem and a suite of interoperable protocols, Nervos Network, has entered a partnership with Pastel, revealing its ambition to grow its presence in the NFT space. As a re...
Virtu Financials Targeted in Crypto Scams
Virtu Financial, Inc. (NASDAQ: VIRT), which is an electronic market maker, issued a public warning on Monday, alarming against the cryptocurrency scams that are fraudulently claiming to be Virtu affil...
Turkey prepares anti-crypto legal law to stop virtual scams and thefts
TL;DR Breakdown • AKP party chief denies that crypto regulations will impose payment fees.• Regulators in Turkey hope to bring security and transparency to the crypto market. Recently the AKP troop ch...
Binance investigated for alleged investment app crypto scams
TL;DR Breakdown • Binance agents in Pakistan must testify regarding links to crypto scams.• FIA shows at least 10 crypto investment apps labeled as scams. Recently the FIA, an acronym for the federal ...
Comedian Stephen Colbert spoofs ‘Colbert Coin’ in response to rise in crypto scams
Stephen Colbert, the charismatic host of CBS’ The Late Show, is once again associating many cryptocurrencies with scams — but doing so by parodying the vernacular of a seasoned HODLer. In a Wednesday ...
Someone Allegedly Impersonates Vitalik Buterin on Instagram, Pulling Off Crypto Scams
Yuri Molchan A Reddit user has announced that someone with over 640K followers on Instagram is impersonating Vitalik Buterin, scamming subscribers out of their crypto Approximately five hours ago, a R...
Commentary: Bitfinex CTO Suggests Ways To Protect One’s Account From Scams Following OpenSea Attack
OpenSea, the largest NFT marketplace in the world, faced a phishing attack a few days ago. In the attack, Non-fungible tokens (NFTs) were stolen from the users of OpenSea. Earlier, it was rumored that...