US controllers worried on the rising commonness of crypto extortion Representative Raja Krishnamoorthi asks controllers how they’re safeguarding shoppers Congress needs evacuation of false compu...
Tag: Scams
US Congressman Demands Investigation Into Crypto Scams, Prods Exchanges to Intervene
On Aug. 30, the US House Oversight Committee’s subcommittee on economic and consumer policy demanded answers from regulators as to how they would fight against the crypto scams that have plagued the i...
FBI Warns Crypto Ecosystem Investors of DeFi Scams
The United States Federal Bureau of Investigation (FBI) has issued a public warning to investors, especially those fond of the cryptocurrency ecosystem to be aware of scams specifically targeting the ...
FBI Alerts the Investors Regarding the Recent DeFi Scams
39 mins ago | 2 mins read Editors News As per recent reports, the attackers stole nearly $2.45 billion in DeFi. Cybercriminals stole $1.3 billion in cryptocurrencies between January and March 2022. Fo...
How Bitcoin Phishing Scams Are Stealing Millions
Phishing comes in many forms. The main target of any cybercrime is to generate money from duplicitous actions. When a hacker targets an international business and steals their data, there is a financi...
Tornado Cash: recycling also for NFT scams
For Elliptic Enterprise, Tornado Cash was also a laundering tool for NFT scams before being sanctioned by the US. Tornado Cash: laundering for NFT scams before U.S. sanctions Elliptic Enterprise, a b...
Coinbase Warns Against Increase In Romance Crypto Investment Scams
US crypto exchange giant Coinbase has issued warnings on the alarming increase in romance exchange scams called ‘Sha zu pan” or “pig butchering.” In this type of scam, the perpetrator generally looks ...
Last Week [In] Crypto: Growth, Regulation, Scams, Step-Downs
Be[In]Crypto has gathered some of the most important stories from the crypto industry in the past week, in case you missed them. Don’t forget to subscribe to our newsletter and get the weekly roundups...
Cybersecurity analyst reveals 8 sneaky crypto scams on Twitter right now
Cybersecurity analyst Serpent has revealed his picks for the most dastardly crypto and non-fungible token (NFT) scams currently active on Twitter. The analyst, who has 253,400 followers on Twitter, is...
Halfway Into The Year, Crypto Scams Have Taken A Major Hit Compared To The Highs Of 2021
Advertisement     Cryptocurrency crime activity has dipped like the rest of the markets since the start of the year. Several reasons can be identified for the drop, in...
Solana Wallet Introduces ‘Burn NFTs’ to Protect Investors From Scams – crypto.news
The Phantom wallet app has introduced a new Burn Token feature, enabling users to remove spam NFTs sent by scammers. Phantom Wallet Adds ‘Burn NFTs’ Feature Phantom, a wallet provider based in Solana,...
Chainalysis midyear report shows scams are down, but hacks are up
Fewer people than ever are falling prey to crypto scams, while hacks and stolen funds are trending upwards, new data show. Crypto analytics firm Chainalysis released its midyear report yesterday, show...
As Novice People Exit, Crypto Scams Fall By 65%
Darknet market revenue is down 43% The tsunami of new DeFi applications has hackers licking their lips The largest scam of 2022 so far has only netted $273 million Fewer individuals have succumbed to...
Crypto scams fall 65% after gullible noobs exit the market: Chainalysis
Fewer people have fallen victim to cryptocurrency scams in 2022 so far due to falling asset prices and the exit of inexperienced crypto users from the market, a new crypto crime report reveals. Accor...
Hacks Surge While Scams Decline
According to data reported by blockchain analysis firm Chainanalysis, losses arising from cryptocurrency hacks have surged 60% from January to July, while crypto scams witnessed a sharp 65% decline ov...
MEXC Activate “Investor Protection Fund” to Prevent Scams
A few days ago, the Polygon Network ecosystem project Dragoma (DMA) experienced abnormal price fluctuations after its listing on MEXC, as it fell sharply from 0.85USDT. MEXC immediately suspended DMA/...
California Tech Mogul Slams Dogecoin as One of Elon Musk’s Scams
Alex Dovbnya Software tycoon claims that Dogecoin is one of “scams” promoted by centibillionaire Elon Musk California tech executive Dan O’Dowd took aim at Dogecoin in a recent tweet...
Hong Kong Investors Lost $50M From Crypto Scams in 2022 (Report)
Cryptocurrency scams have reportedly been one of the most common cyber offenses in Hong Kong during the first half of 2022, and 25% involved digital assets. The concerning number of such fraudulent sc...
Coinbase Asks US Supreme Court to Halt Lawsuits Connected to Scams and Dogecoin
Coinbase v. Bielski was filed by California resident Abraham Bielski, who lost over $31,000 after being targeted by a scammer who purported to be a PayPal representative and accessed Bielski’s Coinbas...
Apple And Google Questioned by The Government Regarding Crypto Scams
Senator Sherrod Brown decided to question the CEOs of the biggest tech companies in the world– Google and Apple. Senator stated that there are millions of Americans who are using mobile applications f...
Senator Prompts Regulators to ‘Do More’ to Combat Crypto Scams and Fraud
The chairman of the Senate Banking Committee called out the risks of crypto on Thursday, expressing a need from regulators to protect the public from scams and fraud. “Bitcoin can be used for old-time...
Convicted Jail: My Big Coin Founder Found Guilty For Scams
In 2013, Crater founder of My Big Coin Inc, located the corporate offices of the fake cryptocurrency and virtual payment services provider in Las Vegas. He scammed roughly 40 individuals out of about ...
FBI Alerts Crypto Users—Beware of Liquidity Mining Scams
Liquidity mining scams accounts for a significant portion within the entire loss due to crypto scams. On Thursday, the Federal Bureau of Investigation showed their concern and warned crypto owne...
Crypto Scams and How To Avoid Them [Crypto Tips and Know Hows]
Cryptocurrency’s popularity has brought about lots of interested investors and traders. However, scammers and fraudsters that flock into the crypto market see this as an opportunity. Scammers are alwa...
Experts Reveal Two Major Protocols As Scams, How To Protect Your Crypto
PeckShield, a blockchain security company, released an alert stating that Freedom Protocol and Raccoon Network, two major crypto protocols, are scams. Moreover, they revealed that the scammers have al...
BNB Chain Launches New Tool To Help Users Detect Malicious Projects and Scams
The smart contract-enabled blockchain developed by crypto exchange giant Binance is launching a new tool that helps users detect crypto scams. According to a new company blog post, BNB Chain (BNB) is ...
John McAfee Partner Fined by the SEC For ICO and Pump and Dump Scams
The US Securities and Exchange Commission announced a judgment against an associate of the late John McAfee for participating in an alleged initial coin offering (ICO) scam. The top financial watchdog...
BNB Chain launches DApp platform with ‘Red Alarm’ to warn users about scams
BNB Chain has launched a new platform, DappBay, to discover new Web3 projects. DappBay is equipped with a novel feature called Red Alarm, which assesses project risk levels in real-time and alerts use...