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#news #crypto scam

In a decisive move, the Internal Revenue Service and Federal Police of Brazil seized around $1.6 billion worth of crypto and fiat. Both organizations launched an operation called Niflheim to dismantle a large scheme involving money laundering, tax evasion and cryptocurrency fraud. This joint operation targeted multiple cities of Brazil including Caxias do Sul, São …

#apple #deepfake #crypto scam #cryptocurrency fraud #tim cook #youtube scam #glow time event #fake livestream #online security #tech news.

A deepfake of Apple CEO Tim Cook asked viewers to deposit crypto into a wallet address in a bid to pull off the common “double-your-money” scam.

#memecoin #avalanche #avax #x #twitter #phishing #pump and dump #crypto scam

The X account of Ava Labs’ operating chief, Luigi D’Onorio DeMeo, has been touting memecoins and other suspicious links, prompting many to warn it's likely a phishing scam.

#ethereum #bitcoin #binance #eth #btc #ether #kraken #crypto exchange #btcusdt #crypto news #crypto scam #crypto gambling #bcsc #ezbtc #british columbia securities commission #bitcoin gambling #canadian crypto exchange

Recently, a panel set by the British Columbia Securities Commission (BCSC) found crypto exchange ezBtc responsible of defrauding users of CAD 13 million in Bitcoin (BTC) and Ether (ETH) between 2016 and 2029. The exchange’s founder misappropriated the funds and caused “actual loss” to investors. Related Reading: $365 Million Crypto Scam: South Korean CEO Indicted […]

#crypto market #donald trump #trump #memecoins #cryptocurrency market news #crypto scam #maga #trumpusdt #rugpull #djt #politifi tokens #solana-based token #trump-themed memecoins

This week, a new PolitFi token made the headlines amid the crypto market recovery. Restore The Republic (RTR) caught the attention of investors after rumors of being linked to the Trump family surged. The Trump-themed token saw a massive surge after its launch. However, its price quickly plunged after the former US president’s camp denied any links with it. Related Reading: Toncoin Soars 14.8% After Binance Listing, Is TON Poised For A Breakout? Trump-Themed Token Turns Out Fake On Thursday night, a PolitiFi token was surrounded by controversy after it plummeted by over 95% just hours after launching. Restore The Republic was described as a token to “ensure that our nation remains a beacon of freedom, justice, and opportunity.” The memecoin created a buzz among investors as it was suspected to be the Trump Family’s highly anticipated crypto project announcement. As a result, RTR’s price surged over 14,500% following its launch, going from trading at $0.001 to as high as $0.15. The token also hit a market capitalization of $155 million three hours after launching. However, the rapid surge was quickly met with a massive drop after Eric Trump claimed the project wasn’t related to the former US president. In an X post, Eric warned crypto investors of fake tokens, stating that “the only official Trump project has NOT been announced.” He also emphasized that the news would come directly from their camp first. Immediately after, RTR’s market cap nosedived, going from $125 million to $13 million. The token went from trading around the $0.12 mark to $0.007 in less than an hour, leaving many investors with massive losses. On-chain data analysis firm Lookonchain revealed that a crypto whale lost over $800,000 after FOMO-buying the token. Per the report, the investor spent 5,800 SOL, worth $916,400, to buy 7.2 million RTR at its highest price. Due to the price crash, the whale sold the RTR tokens for only 118 SOL, worth around $18,000, resulting in a loss of $898,500 in four hours. Crypto Scam Déjà Vu Online reports revealed that insiders made over $4 million from the memecoin. The newly created wallets bought millions of RTR as it opened trading. The insiders sold the token right after Trump’s camp denied ties to the memecoin. After the price crash, the crypto community discussed the token’s shady launch and promotion. Students for Trump group’s co-founder and chairman, Ryan Fournier, suggested in a now-deleted post that RTR was the official Trump token. Moreover, several KOLs (Key opinion leaders) promoted RTR to their followers, claiming it was the highly anticipated Trump project. After the collapse, some of these influencers affirm to have lost large sums of money. One KOL also claims to possess “legal documentation” that proves Donald Trump Jr.’s involvement with the launch. The crypto community quickly compared this incident to the last “official” token linked to the Republican presidential candidate. Nearly two months ago, DJT made the headlines after being rumored to have been launched by 18-year-old Barron Trump. At the time, other Trump-inspired tokens crashed by over 30%, including the MAGA (TRUMP). However, it was later revealed that the token was created and run by “Pharma bro” Martin Shkreli. Related Reading: Solana Faces Uncertainty: Expert Explains Impact Of Jump’s Rumored Exit Following the RTR debacle, Donald Trump Jr. spoke about cryptocurrencies inspired by his father. He stated that he has “nothing to talk about” regarding these tokens. He also deemed people assuming that all Trump-themed tokens are linked to the family as the problem. The businessman clarified that he loves and respects memecoin culture, but they are not the crypto project they have been teasing. Featured Image from Unsplash.com, Chart from TradingView.com

#crypto #crypto market #cryptocurrency #cybercrime #crypto ban #crypto news #crypto fraud #crypto scam #crypto and china

China, a country known for its stringent regulations against cryptocurrencies, has recently witnessed a new instance of cryptocurrency-related fraud. This rise in fraud is particularly noteworthy for China, given that while other countries embrace the crypto industry, China chose to implement a nationwide ban on cryptocurrency activities. Unraveling the Scam: A Detailed Breakdown According to […]

#hong kong #crypto scam #cryptocurrency fraud #financial fraud #fake banknotes #hk$11 million #arrests #14-year-old #police crackdown #crypto owners

The authorities continue to urge the public to remain cautious and verify the legitimacy of financial transactions to avoid falling victim to such elaborate scams.

#cybersecurity #crypto theft #malware #crypto scam #crypto scammers #social engineering #fake zoom #infinite loading #malicious links #nft_dreww #windows defender exclusion

A malicious Zoom look-alike makes it seem like a video conference is stuck in infinite loading, prompting users to install and run even better-disguised malware than before.

#solana #solana ecosystem #rug pull #solana defi #solana blockchain #solusd #solusdt #solana news #crypto scam #crypto scammers

A new method used by fraudsters has emerged, catching Solana (SOL) holders off guard on the Pump.fun platform, leading to significant losses. Going by the pseudonym “Short Form King”, a crypto researcher sheds light on this new trend and exposes the tactics used by these fraudsters.  Rising Threat To Solana Holders A recent social media post […]

#bitcoin #coinbase #eth #btc #matic #dot #crypto news #ethusdt #crypto scam #crypto phishing attack #crypto security breach #coinbase scam #cointracker #cointracker security breach #grt

The crypto community has raised the alarm about an ongoing phishing scam targeting investors after scammers posing as crypto exchange Coinbase successfully drained nearly $2 million over the weekend. The scam is reportedly related to the CoinTracker security breach from 2022. Related Reading: Bitcoin Takes A Beating: Mt. Gox Distribution Spooks Investors $1.7 Million Drained […]

#crypto #crypto market #crypto crime #crypto hacks #cyber crime #crypto news #crypto scam #cyber crimes bitcoin

In a notable shift, June witnessed a significant reduction in cryptocurrency losses due to hacks, down by 54.2% from the previous month, according to the latest data from PeckShield. This downturn in cyber theft indicates an evolving space in the crypto security domain, even as the industry grapples with ongoing challenges. Related Reading: Crypto Catastrophe: […]

#bitcoin #crypto #sec #btc #fincen #crypto regulations #crypto adoption #btcusdt #crypto news #crypto scam #hawaii #dcil #hawaii crypto regulations

Hawaii’s regulator announced the official end of the Digital Currency Innovation Lab (DCIL) on June 30. The DCIL concluded that crypto firms no longer needed a Money Transmitter License (MTL) to operate in the state. Related Reading: Coinbase CLO Accuses SEC Of Continued Stonewalling, As Legal Battle Intensifies Hawaii Crypto Firms No Longer Need MTL […]

#solana #memecoin #staking rewards #sol #solana token #solana memecoin #cryptocurrency market news #solusdt #crypto scam #crypto trader #crypto staking #baked #gummy

Over the weekend, a crypto trader turned 70 SOL into $3 million with a Solana-based token. However, the investor’s success story was overshadowed by the controversial launch of the memecoin that made it possible. Related Reading: Avalanche (AVAX) Price Rallies: Can It Break Through the $30 Barrier? Trader Makes $3 Million In Minutes A crypto trader made millions in 30 minutes after investing $9,923 in Solana-based memecoin BAKED. Lookonchain reported that a sniper spent 70 SOL to buy 81.78 million BAKED. 30 minutes later, the trader sold his holdings for 21,581 SOL, worth around $3.06 million, in 76 transactions. The feat was achieved by a seemingly “lucky” trader who previously invested and lost money in other Solana memecoins. The on-chain analysis platform concluded that the investor was likely not an insider as it had bought the tokens from Raydium’s pool instead of the Degen Fund. However, Lookonchain revealed that BAKED’s team and insiders hold over 70% of the supply. Per the report, the dev wallet spent 11.82 SOL to buy 300.72 million BAKED from the Degen Fund, where the token was launched. The wallet bought the Solana memecoin “while minting tokens and 206.9M $BAKED was added to liquidity.” 19 wallets snatched up the remaining 492.37 million tokens in one second. These wallets were created simultaneously with the dev wallet and were funded by Bitget. 15 out of 19 wallets withdrew SOL from Bitget three days ago and are suspected to be linked to BAKED’s team and insiders. As a result, 78% of the supply, worth around $15.6 million, was held by insider and dev-related wallets. The wallets spent 82.4 SOL, around $11,700, to buy 779.85 million BAKED before selling. At the time of Lookonchain’s report, the insiders had sold a small portion of their tokens and still held 76.36% of the supply. BAKED has plummeted by 58% in the last 24 hours, currently trading for $0.01260. Is The New Solana Token Launch Baked Or Burned? Crypto investors refuted the claims that the “lucky” sniper was not an insider and expressed discontent with the Solana memecoin launch. Additionally, users have called the BAKED token a scam due to an alleged lack of transparency. GUMMY investors were supposed to earn a 15% reward on BAKED tokens for staking their tokens on July 1. However, users reported they did not receive any reward after unstaking their holdings. According to Web3 Forensics, users successfully unstaked their GUMMY tokens but no investor had been able to get BAKED rewards by Monday morning. One investor considers the project’s team “held our $GUMMY hostage so we couldn’t profit off of the $BAKED launch.” Moreover, many users highlighted that GUMMY’s value has significantly decreased since they staked their holdings. Per the reports, every $1,000 staked in the token is now worth around $140. Many believe that the team behind the Solana-based tokens, including Crypto Banter’s founder Ran Neuner, used “every single investor or Community Member who trusted you.” On the official telegram group chat for the token, the team asked investors to “calm down” and “relax.” The team assured the project was not a scam and explained that none of them “got an early entry.” Moreover, the message stated that a higher price for the token meant a “better valuation for your gummy airdrop” and that the airdrop details would be announced soon. Related Reading: Bitcoin Price Blasts Past $63,000: Top 3 Reasons Ultimately, the launch didn’t receive a positive response. Several users stated they would “get away” from the GUMMY, BAKED, and Crypto Banter community as quickly as possible. Featured Image from Unsplash.com, Chart from TradingView.com

#ethereum #eth #crypto hack #crypto exploit #crypto news #ethusdt #crypto scam #quadrigacx #usde #defi protocol #lending protocol #uwu lend #quadriga exchange

DeFi lending protocol UwU Lend has suffered two attacks in the past three days. The second exploit occurred on Thursday during the protocol’s reimbursement process from the first hack. The ongoing saga has taken around $23 million from the protocol. Related Reading: ZkSync Faces Backlash Amid Token Airdrop Controversy DeFi Protocol Hit With $20 Million […]

#ethereum #binance #kyc #cryptocurrency #zksync #smart contract #rug pull #crypto scam #gemholic #$3.5 million #nserec #zkmarkets #solidproof

Community members are currently trying to trace the Gemholic contract creator’s address, which is supposedly funded by Binance.

#meme coins #memecoins #crypto scam #caitlyn jenner #iggy azalea #mother #jenner #celebrity memecoins #hulk hogan #hulk #celebrity tokens #hulkmania #motherusdt #rug pulls

Celebrity memecoins have been the talk of the town for the past two weeks. A trend that resurged at the end of May quickly became one of the biggest narratives around the crypto community. Related Reading: GMX Soars 20% Amid Crypto Whale Frenzy, Is It Back In ‘Turbo Mode’? The industry has seen controversies, rug pulls, and Vitalik Buterin’s thoughts on the celebrity token frenzy. In the phenomenon’s most recent development, WWE wrestler Hulk Hogan beefed with Australian rapper Iggy Azalea. Celebrity Memecoins A Week Later Despite the trend starting around May 20 with influencer tokens, celebrity tokens didn’t gain mainstream traction until reality TV star and Olympian Caitlyn Jenner launched her JENNER memecoin. Alongside Jenner, rapper Rich the Kid joined the crypto community with RICH. However, both tokens were surrounded by controversy after it was revealed that alleged serial scammer Sahil Arora was involved in the launch. Several other artists and personalities joined the crypto space to launch their memecoins, including Lil Pump, Davido, Trippie Red, and MoneyBagg Yo. Some of these launches appear to be linked to Arora’s scams. A week later, most celebrity memecoins saw a significant price decline or ended up as a rug pull scam. JENNER, which kickstarted the celebrity mania, is currently 81% down from its all-time high (ATH) registered on May 27. The Olympian’s token, described as “the goddess of Solana,” went from trading around $0.04273 to $0.009072. This significant decrease has also cut its market capitalization from its $30 million peak to $7.5 million. Hulk Hogan Wrestles MOTHER And Dumps His Fans On Thursday, former professional wrestler Hulk Hogan took X to announce the launch of his Hulkmania (HULK) token. The memecoin skyrocketed 500% within two hours and quickly reached a market cap of $17 million. The launch turned sour when investors found Hogan had sold his HULK bag and deleted his posts mentioning the token. In minutes, the token’s market cap plummeted to $2 million. During the hours that Hogan’s X account promoted the token, the retired wrestler seemingly targeted Azalea and MOTHER. In an X post, Hogan replied to Azalea, saying, “You suck at pumping. $HULK has the real milk.” Additionally, he shared two now-deleted Instagram posts beefing with the Australian rapper. In one of them, Hogan Azalea’s profile picture and captioned it, “Sahil does it best.” Before deleting all his HULK-related posts, Hogan shared an Instagram story claiming that he had been hacked. According to the post, none of the publications came from him and soon would be removed. Later, his X account was wiped completely, and Instagram comments were limited. The crypto community grew concerned as the mention of Arora’s name suggested his involvement in the scam. However, it remains unclear whether Hogan’s website, Instagram, and X account were all hacked or if the retired wrestler’s team was involved. Vitalik Buterin Vs Koala Vitalik? Earlier this week, Ethereum’s founder, Vitalik Buterin, criticized the ongoing celebrity token phenomenon.  On X, Buterin stated he is “quite unhappy” with the crypto space’s celebrity experimentation. Buterin explained his concern regarding the launch of tokens with no purpose other than being a get-rich-quick scheme. Additionally, he suggested some features that celebrity memecoins should have for him “to be more willing to respect it.” The list included a “public-good goal that it’s serving.” To his criticism, Azalea responded by claiming that Buterin “was just hangry.” Moreover, she seemingly named a Koala after Ethereum’s founder. The rapper uploaded a video announcing the donations saved another Koala. Its name? Koala Vitalik. Azalea launched a “MOTHER fund” to help save Koalas infected with chlamydia. For the past week, the rapper has received donations in memecoins and several cryptocurrencies for the Koala cause. Related Reading: Get Ready For Altcoin Explosion: Anlayst Reveals Key Months For Massive Gains Additionally, Azalea is giving her token utility. The rapper launched a Mother merchandise store that accepts MOTHER as payment.  Ultimately, the token continued to soar after reaching new ATHs and recently breaking above the $200 million market cap. Featured Image from Unsplash.com, Chart from TradingView.com

#artificial intelligence #ai #elon musk #spacex #youtube #deep fake #launch #crypto scam #starship #fourth lauch #live #live stream

“This is not a fake, this is a real giveaway. I personally guarantee it to you,” one of 35 deepfake versions of Elon Musk promised.

#bitcoin #btc #onecoin #ruja ignatova #btcusdt #crypto news #total crypto market cap #crypto ponzi scheme #crypto scam #crypto scheme

Ruja Ignatova disappeared seven years ago after a warrant from US authorities was issued to arrest her. The self-proclaimed “Crypto Queen” was responsible for OneCoin’s Ponzi scheme that took $4.5 billion from investors. Now, a BBC investigation suspects that the missing crypto scammer could have been murdered by a Bulgarian drug lord years ago. Related […]

#bitcoin #btc #crypto exchange #btcusdt #crypto news #crypto ponzi scheme #crypto scam #crypto platform #total #turkey crypto

On Thursday, Turkey’s Minister of Interior revealed authorities conducted a major operation against a crypto scamming platform in Ankara. The alleged Ponzi scheme has stolen over $1 billion in the last few years. Related Reading: Swipe Right For Scams? Canadian Authorities Warn Of Rising Crypto Frauds On Dating Apps Crypto Ponzi Scheme Busted Ali Yerlikaya, […]

#crypto fraud #wire fraud #crypto scam #rashawn russell #deutsche bank executive #cryptocurrency scheme #eastern new york district court #financial fraud

Rashawn Russell, a former Deutsche Bank executive, also intended to commit fraud with stolen bank cards.

#bitcoin #south korea #pig butchering #crypto news #crypto scam

South Korean law enforcement has struck a blow against social media-fueled crypto scam with the arrest of 19 individuals linked to a deceptive “crypto reading room.” The Daegu Police Agency’s raid, which unfolded on May 21st, exposed a manipulative scheme that preyed on more than 300 unsuspecting investors, swindling them out of a staggering $19 […]

#coffeezilla #crypto scam #rabbit ai #nft scam #stephen findeisen #gama project #jesse lyu #ai hype #youtube investigation #rabbit r1

Coffeezilla said that the artificial intelligence product Rabbit R1 was overhyped, similar to the Gama NFT project, which he believes to be a “scam.”

#bitcoin #btc #btcusdt #crypto news #crypto fraud #crypto ponzi scheme #crypto scam #crypto investment funds #russian authorities #russian government

Lilian Nurieva, former Head of Networks at Russian crypto Investment fund Finiko, has been sentenced to three years for defrauding private investors and participating in an organized criminal group. The $55 million pyramidal scheme is considered the second-largest financial scam in Russia’s post-Soviet history by the Federal Foundation for the Protection of Investors and Shareholders […]

#doj #fraud #money laundering #crypto scam #pig butchering scam

United States authorities have charged two foreign nationals for laundering $73 million in cryptocurrency investment scams, commonly known as “pig butchering.” This development was announced by the US Department of Justice (DOJ) on Friday, with an indictment unsealed in the Central District of California against the two suspects. Related Reading: Investor Falls Victim To $71 […]

#crypto #crypto regulation #crypto scam #canadian crypto #crypto and canada #crypto king

Aiden Pleterski, known in the crypto community as the “Crypto King,” and his associate Colin Murphy have been formally charged with serious financial offenses. These charges emerged from an extensive joint investigation, Project Swan, conducted by the Durham Regional Police Service (DRPS) and the Ontario Securities Commission (OSC). The investigation focused on allegations of fraud […]

#tether #crypto #usdt #stablecoin #crypto market #crypto phishing #crypto scam #tether (usdt)

To combat illicit financial activities, Tether, the entity behind the world’s largest stablecoin by market capitalization, has frozen approximately 5.2 million USDT. The crypto tracking and compliance platform MistTrack detailed this action, which targeted 12 Ethereum addresses identified as part of phishing operations. Related Reading: Stablecoin Exchange Inflows See Severe Drop: Why This Is Bad […]

#ethereum #eth #ether #cryptocurrency market news #ethusdt #crypto scam #wbtc #address poisoning scam #address spoofing #crypto scammers

A week ago, a crypto whale fell victim to a scam that resulted in the loss of over $71 million. In the following days, the scammer moved the funds to veil them. But in a shocking turn of events, they returned the funds to the victim. Related Reading: Ethereum Foundation Moves 1,000 ETH – Is The Top In? Address Poisoning Scam Snatches $71 Million On May 3, whale 0x1E22…8FD5 lost 1,155 Wrapped Bitcoin (WBTC), worth around $71.31 million, after falling victim to an address poisoning scam. This scam, also known as address spoofing, consists of trying to trick users into sending funds to fraudulent lookalike accounts. #PeckShieldAlert #Phishing A whale 0x1E22…8FD5 lost ~1,155 $WBTC (worth ~$71 million) after falling victim to address poisoning.The phisher has swapped the stolen $WBTC for ~23K $ETH & transferred them out pic.twitter.com/dr7eTYQkAX — PeckShieldAlert (@PeckShieldAlert) May 3, 2024 The “vanity addresses” are custom-made with specific characters that look like the intended recipient’s address. Scammers send transactions of no value, hoping the similarity between the addresses will fool the user under attack. If successful, victims copy the fraudulent address from the previous transactions and accidentally send their assets to the scammers instead. PeckShieldAlert reported that the phisher immediately swapped the stolen WBTC for 23,000 Ether (ETH) before transferring them to a different address. Throughout the following days, the scammer laundered the funds. Sending them to ten different addresses before distributing the tokens through over 100 other addresses. This development painted a looming picture for the crypto whale. At this point, the funds appeared to be unrecoverable. One user called the massive number of transfers a “crypto musical chairs” game. Others justified the scammer, claiming he had not stolen the funds, as “he just received them.” This stance disregards the transaction’s nature. The transfer occurs under the belief that funds are safely being transferred to the intended account and not a lookalike. Moreover, the lookalike address is in the victim’s transaction history, clearly intended to deceive the user into receiving funds not meant for them. Change Of Heart Or Scared Of The Crypto Community? In a shocking turn of events, the scammer sent 51 ETH, worth around $153,000, back to the victim on Thursday. Alongside the funds, the phisher sent a message asking to contact the whale, seemingly looking to negotiate. The reasons behind the sudden change of heart remain a mystery to the community. Many are jokingly theorizing why the scammer returned the funds. One X user playfully suggested that the phisher feared being investigated by crypto sleuth ZachXBT. Others claimed that “even the scammer doesn’t want ETH,” referencing the criticism the second-largest cryptocurrency has faced after its performance during this cycle. In the early hours of Friday, PeckShieldAlert revealed that 2,683.7 ETH, worth about $8 million, had already been transferred to the whale from nearly 50 different addresses. A couple of hours later, an update showcased that around 50% of the total funds had been returned, accounting for 11,446.87 ETH, or $34.7 million. Related Reading: Crypto Expert Forecasts The ‘Age of Ethereum’: What This Means Retrieving all the assets might take time due to the large number of addresses holding the funds. At the time of writing, over $45 million worth of ETH has already been returned, and the transactions continue. Ether (ETH) is trading at $3,035.8 in the three-day chart. Source: ETHUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

#cz #scammers #trader #crypto scam #wbtc #$71 million #address poisoning

In a concerning turn of events, an anonymous crypto trader has lost approximately $71 million worth of assets in an address poisoning scam. This incident has roused much tension in the crypto ecosystem, underlining the need for improved safety measures. Related Reading: Leaper Finance Exposed: Sleuth Uncovers Alleged Multi-Million Dollar Crypto Scam Trader Loses 1,155 […]

#legal #crypto scam #zkasino

The Netherlands’ Fiscal Information and Investigation Service (FIOD) announced the arrest of a 26-year-old suspected to be involved in the ZKasino decentralized gambling platform scam. Meanwhile, speculations within the crypto community suggest that the arrested person could potentially be the pseudonymous founder of the platform known as Derivatives Monke. Asset seizures In the wake of […]
The post Dutch authorities arrest suspect in ZKasino gambling scam, seize $12.2 million in assets appeared first on CryptoSlate.

#defi #crypto #cryptocurrencies #digital currency #cryptocurrency #crypto regulation #crypto regulations #crypto news #us crypto regulation #crypto scam #new york crypto regulations #ponzi crypto scam

United States Attorney Damian Williams and FBI Assistant Director James Smith announced the unsealing of an indictment charging Idin Dalpour with wire fraud concerning a multi-year crypto Ponzi scheme that defrauded investors of at least $43 million.  Wire Fraud Indictment Unveils $43M Ponzi Scheme The indictment alleges that from approximately 2020 to April 2024, Dalpour […]