Aurora Labs exec details ‘fascinating and devious’ crypto scam he almost fell for
A sharp-eyed escrow agent and a screenshot saved Aurora Labs’ head of product Matt Henderson from losing his tokens to scammers. Go to Source Powered by WPeMatico
Crypto Scam
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British Army’s social media accounts hacked by crypto scammers
Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams. Go to Source Powered by WPeMatico
Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers
Mixing conspiracy theories, a distrust for traditional institutions and hopium in crypto, two influencers are alleged to have made millions using pump-and-dump schemes. Go to Source Powered by WPeMatico
Social media blamed for $1B in crypto scam losses in 2021
Nearly half of the consumers that reported a cryptocurrency-related scam in 2021 said it started with an ad, post, or message on social media. Go to Source Powered by WPeMatico
Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account
Links posted to a fake Louis Vuitton non-fungible token (NFT) raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand. Go to Source Powered by WPeMatico
SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder
The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department. SEC Halts $62M Global Cryptocurrency Fraud … Read more
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years The U.S. Department of Justice (DOJ) announced … Read more
Indian Police Arrest 11 People in Cryptocurrency Scheme Defrauding 2,000 Investors
Indian police have arrested 11 people so far in connection with a fraudulent cryptocurrency scheme that has duped about 2,000 investors out of $5.4 million. 11 People Arrested so Far in Cryptocurrency Scam in India Indian police have cracked down on a cryptocurrency investment scheme that has duped over 2,000 investors out of 40 crore … Read more
South Korea Jails Seven Masterminds of Country’s ‘Largest Crypto Fraud Scheme’
Seven executives of the collapsed South Korean scam cryptocurrency exchange, V Global, were recently handed lengthy jail sentences as punishment for their role in running one of the country’s biggest crypto frauds. Verdict Sets New Benchmark Seven former masterminds of the now-defunct scam crypto exchange, V Global, were recently given jail sentences for their part … Read more
Binance Warns Crypto Investors of ‘Massive Phishing Scam via SMS’
Cryptocurrency exchange Binance has warned investors of a “massive phishing scam via SMS.” The scammers sent SMS messages to crypto users informing them of a withdrawal request from an unknown IP address they may want to cancel. Massive Phishing Scam Targeting Crypto Investors Binance CEO Changpeng Zhao (CZ) tweeted Friday: There is a massive phishing … Read more
