Crypto Scams – DIGIT INFO

Google Sues Chinese Nationals for Running Crypto Scam Using Google Play App Store

Tech giant Google has filed a lawsuit against two Chinese nationals, accusing them of developing fraudulent cryptocurrency apps on the Google Play store and defrauding more than 100,000 users globally. “This is a unique opportunity for us to use our resources to actually combat bad actors who were running an extensive crypto scheme to defraud […]

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UK Watchdog Says It Will Not Object to Crypto ETN Listing Requests

The United Kingdom’s Financial Conduct Authority has said it will not object to requests by recognised investment exchanges to launch crypto-backed exchange-traded notes. The exchange-traded notes will only be made available to professional investors such as regulated investment firms. ETNs Must Adhere to UK Listing Requirements The Financial Conduct Authority (FCA), the watchdog for the […]

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Inferno Drainer says it’s shutting down after helping steal $70M in crypto

“We hope you can remember us as the best drainer that has ever existed,” wrote the scam-as-a-service wallet drainer.

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Philippines SEC teams up with US counterpart to combat crypto fraud

The Philippine SEC is now collaborating with the U.S. SEC and the Asian Development Bank to better combat crypto-related crime.

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Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams

Australian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear market as the reason for its launch.

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Australia’s Bendigo Bank blocks high-risk payments to crypto exchanges

Chainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated exchanges.

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Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin

Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period.

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Can you recover stolen Bitcoin from crypto scams?

Recovering stolen Bitcoin from crypto scams is challenging due to the anonymous nature of blockchain transactions and jurisdictional issues.

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To catch a scammer: Kraken builds fake crypto account to ‘bait’ fraudsters

A call-center scammer impersonating President Joe Biden attempted to steal what they thought was $450,000 worth of Bitcoin from a streamer — instead, chaos ensued.

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Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign

Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cryptocurrency exchange said. “So far, the project has achieved tremendous results,” Binance claimed. Binance’s Joint Anti-Scam Campaign Cryptocurrency exchange Binance announced Friday that it recently launched a campaign to combat cryptocurrency-related scams […]

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