Despite the belief of many crypto enthusiasts that centralized exchanges (CEXs) are safer, history has often shown them to be rather vulnerable to attacks. Because these exchanges centralize the stora...
Tag: Scams
Binance aims for growth, FTX saga continues, Ripple optimistic, hacks and scams abound
The past week was a rollercoaster for crypto enthusiasts. Binance is looking to expand despite a dearth of clear competition, as evidenced in its recent job openings and growth maneuvers as the FTX an...
Top 10 Crypto Scams and Hacks of 2022
Despite cryptocurrency markets being trapped in a severe bearish recession, scams and hacks in Web3 were on fire for the entirety of 2022. A number of top-tier centralized cryptocurrency heavyweights ...
No ‘respite’ for exploits, flash loans or exit scams in 2023: Cybersecurity firm
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 Coin...
India’s numerous jobs scams show the depth of its unemployment crisis
Indians looking to escape the country’s chronic unemployment rut frequently fall prey to rackets. One such ring has reportedly conned at least 50,000 people since 2020, making it one of India’s bigges...
Regulators warn U.S. banks on crypto risks including ‘fraud and scams’
Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchai...
Sinister Prompting Of Generative AI ChatGPT Such As Email Scamming And The Coding Of Malware Is Sparking Ire By AI Ethics And AI Law
Coping with sinister uses of generative AI such as ChatGPT is a looming issue and worthy of openly … [+] discussing. getty “Oh, what a tangled web we weave, when first we practice to decei...
Crypto Incidents Involving Exit Scams, Hacks, and Code Exploits Reach Record Low in December 2022 According to Certik – Bitcoin News
According to blockchain security company Certik, the number of cryptocurrency incidents involving exit scams, hacks, and code exploits in Dec. 2022 was the lowest monthly figure of the year. Certik no...
Crypto Scams Alert! Robocallers Are Now Behind Your Cryptocurrency
Everyone is upgrading themselves in this new technological era. Whether it’s the automobile, pharmaceutical, or defense industries. How can robocallers remain unnoticed? Robocallers are those who make...
2022 Highlighted Some of the Biggest Crypto Scams and Trends
BeInCrypto takes a look at the top trends for cryptocurrency scams and the largest incidents of 2022. Between January and November 2022, hackers absconded with $4.3 billion worth of cryptocurrency, ac...
Paxful pulls ether, citing centralization and scams used to steal billions
Paxful is removing ether from its crypto marketplace tomorrow, linking related tokens to scams that have “robbed people of billions.” “Revenue is nice, but integrity trumps all,” CEO Ray Youssef...
Report reveals 12% of BNB Chain and 8% of ETH tokens are scams
Solidus Labs’ 2022 Rug Pull report revealed that 8% of all Ethereum (ETH) tokens and 12% of all BNB Chain tokens are rug pull scams. The report considers data from Jan. 1 to Dec. 1, 2022, and also det...
Seniors Are Falling Victim to Crypto Scams
It appears many digital currency fraudsters and malicious actors are targeting senior citizens, and many organizations out there are trying hard to show seniors how they can prevent themselves from fa...
The First Insurance for Individual Crypto Investors against Scams
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 ...
Crypto’s ‘Easy Money’ Scams Need Tougher Oversight – ECB Board Member
In a speech this week, European Central Bank board member Fabio Panetta called for broader taxation on crypto assets, which he likened to a Ponzi scheme. “The EU should introduce a tax levied on cros...
A Decade of Spotting Fraud, Fighting Scams, and a Fitting Closer – The SBF/FTX Catastrophe
The blockchain space continues to grow in popularity and relevance. It is now a bonafide sector of global finance, with terms such as ‘crypto’ and ‘DeFi’ becoming mainstream topics on global news netw...
Elon Musk’s Twitter impersonators continue plotting crypto giveaway scams
Recent reports suggest that scams and impersonations of renowned global billionaire Elon Musk continue to surface on Twitter. Some accounts are offering ‘giveaways’ that have baited members of crypto ...
$3.5bn lost to crypto scams in 2022
Crypto investors have lost almost $3.5bn to crypto scams and rug pulls in 2022 alone. According to a research report released by Privacy Affairs, the FTX collapse constitutes more than half of the fig...
Ripple CEO Believes Regulators Should Make It Harder to Pull Off FTX-Style Scams
Alex Dovbnya Ripple CEO Brad Garlinghouse believes that regulators should disincentivize “horrible behavior” In a recent tweet, Ripple CEO Brad Garlinghouse said that he agreed with Crypto Council CEO...
Front-running scams rampant on YouTube with 500% surge in 2022: CertiK
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 ...
Front-running crypto scams record 500% surge in 2022: Report
According to a report dated 1 December from blockchain security company CertiK, there will be a six-fold increase in questionable content on YouTube because of the tremendous growth of front-running s...
Polkadot incentivizes its community to fight scams – crypto.news
Polkadot’s protocol that connects blockchains becomes the first to dedicate a centralized Anti-Scam team to campaign against scammers in its ecosystem. On Thursday, 24th of November, Polkadot announce...
Polkadot encourages community to fight scams via “anti-scam” initiative
Polkadot, a blockchain platform and cryptocurrency has publicized its recent step to aid its ecosystem in fighting against fraud. The “anti-scam” initiative have been boosted to fight scams and fraud...
Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report – Emerging Markets Bitcoin News
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...
Polkadot incentivizes its community to fight scams through an “anti-scam bounty”
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 comm...
World Cup Crypto Scams Are on the Rise, Here’s How to Be Safe
Football fans at the 2022 FIFA World Cup should be vigilant against cryptocurrency scams, recent research suggests. Cybercriminals are always drawn to large global sporting events, due to broad intere...
Singapore Police warns investors about post-FTX phishing scams
Singaporean Police have warned that scammers are targeting investors still hurting from the losses brought on by the recent bankruptcy of cryptocurrency exchange FTX. According to local news outlet Ch...
Two Estonian Citizens Charged With Running a Series of Crypto Scams Totaling $575M
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 ...
Most Dangerous Cryptocurrency Scams
Nowadays, it’s well known that the Bitcoin whitepaper was published in 2008, and the first blockchain was deployed in 2009. But then, right after the financial crisis, only some tech people, financial...