The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam.
Category: Scams
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Google sues scammers over creation of fake Bard AI chatbot
Google opens lawsuit against scammers offering a malicious version of its AI chatbot Bard that tricks users into downloads and installs malware software on their devices.
UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank
According to the bank, potential cryptocurrency investors usually make an average of three payments before recognizing they’ve fallen victim to a scam.
JPEX scandal: Taiwan determines new suspects in alleged fraud — Report
Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud.
BNB Smart Chain scam losses dropped 75% in Q3: Report
Security firm HashDit says the lower amount lost to scams on BSC could be due to an uptrend in security products addressing the threat.
FTX clients face deceptive priority withdrawal scam
FTX users have reported receiving deceptive emails purportedly sent by FTX Trading Ltd., West Realm Shires Services Inc. and FTX EU Ltd.
EtherHiding: Why hackers may prefer Binance’s BNB Smart Chain
According to cybersecurity analysts at 0xScope and CertiK, threat actors may prefer using BNB Smart Chain contracts because it’s cheaper and seen as having lower security than Ethereum.
Tim Draper warns of crypto scams using his AI-synthesized voice
Advancements in AI have made it possible to create deepfake videos and voices in which scammers write the scripts to try and illegally obtain others’ crypto.
Scammers prefer banking customers over crypto investors in Ireland: Report
To date, Irish authorities managed to recover approximately 4 million euro of the 20 million euro that were lost in banking scams since January 2023.
EtherHiding: Hackers create novel way to hide malicious code in blockchains
Threat actors have worked out a way to hide malicious payloads in Binance smart contracts to lure victims into updating their browsers from fake prompts, according to cybersecurity researchers.