On July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting Forcount pleaded guilty.
Two hours after Match Systems claimed to have discovered the identity of Angel Drainer developers, users began complaining that the app no longer worked.
A crypto whale who lost $24 million worth of liquid staked Ethereum via a phishing scam last year is receiving the money back. Blockchain security firm Scam Sniffer reported that the attacker had returned more than $10 million of the stolen funds as of July 15. The refund On-chain data shows that the attacker began […]
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The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.
As the TON blockchain is open-source and permissionless, individual users and projects must be careful to ensure their own safety.
Fast-rising blockchain platform The Open Network (TON) is under increasing threat from phishing attacks, according to Yu Xian, the founder of blockchain security firm SlowMist. Xian highlighted the growing prevalence of phishing links and bots on TON. He attributes this rise to the network’s open nature, which makes it a fertile ground for scammers. He […]
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Almost $19 billion worth of cryptocurrency has been stolen in thefts dating back to 2011 as the industry continues to grapple with rising blockchain-related crime, according a report from Crystal Intelligence.
Ethereum co-founder Vitalik Buterin said the issues with ZKasino were evidence that the term “Zero-Knowledge (ZK)” has gained enough prominence in the industry to attract misuse by fraudulent actors. Buterin’s comment followed revelations that the blockchain-based gambling platform rugged its users — resulting in the loss of roughly $33 million worth of Ethereum (ETH). According to […]
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The Security Alliance said it’s helped to recover $50 million since it formed, and now it has launched a tool to assist in fighting crypto hacks in real time.
The group has been linked to several rug pulls, among them Magnate, Kokomo, Solfire and Lendora.
Blockchain security firm Blockaid said 50% of recent pre-sale token launches on Solana have been malicious.
The wallet drainer scam involves luring users into fake websites and prompting them to link their crypto wallets and eventually draining all funds.
As phishing attacks rise, crypto exchanges tell users to keep their funds safe by using YubiKey devices and Passkeys, along with hardware wallets.
Approximately 100,000 users have downloaded fraudulent apps from Google Play, but the amount of user funds lost remains unknown.
More memecoins might also mean more scams.
Recent reports have indicated an alarming increase in scam attacks targeting Shiba Inu community members, aiming to exploit the community’s enthusiasm for fraudulent purposes. The latest wave of these malicious acts has specifically focused on investors of Shiba Inu’s newest ecosystem token, K9 Finance (KNINE). SHIB Scam Alerts On The Rise Shibarmy Scam Alerts, a […]
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7 ETH (equivalent to $11.6 million) via a flash loan attack on the protocol. On Friday, March 29, the Prisma Finance hacker transferred some of the proceeds from the theft to crypto […]
Elon Musk rolled out the paid verification model on X, earlier known as “Twitter Blue,” to fight the scammers and spammers thriving on the platform before his takeover.
The Securities and Futures Commission of Hong Kong's (SFC) issued a warning against HKCEXP, which it claims lured investors by falsely claiming to be an “FSC-registered business.”
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau's Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime.
The initial post was rapidly amended following ZachXBT’s discovery.
AI is escalating the challenge of deepfake frauds in digital identity verification, potentially reshaping cybersecurity.
Those in search of love online are increasingly falling prey to romance scams, with $1.3 billion stolen in 2022 alone.
The "gray" casino industry is taking advantage of crypto and other modern technologies to advance illegal goals.
Crypto and Web3 have become arguably the most maligned tech in the world, with a dedicated group of critics.
The platform announced that it would drop the price of gold checkmarks to $200 monthly, while a cybersecurity firm reported scammers had been taking advantage of the verification.
MangoFarmSOL’s social media and website have been deactivated. Its Telegram channel with over 1,000 subscribers no longer accepts new members.
The prime minister shared a video of himself being interviewed, created by scammers to promote “hands-free crypto trading.”
Security experts have declared that the Compound Finance X page has been hacked after it started promoting what appears to be a phishing site.
The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes.