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. Go to Source
Crypto Scams
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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. Go to Source
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. Go to Source
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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 … Read more
Chainalysis: Crypto Scam Revenue Dropped 46% in 2022
Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline,” the firm explained. ‘Crypto Scam Revenue Fell Significantly in 2022’ Blockchain data analytics firm Chainalysis published its 2023 Crypto … Read more
US State Regulator Launches Crypto Scam Tracker
The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker to promptly alert and protect the public.” California Regulator’s Crypto Scam Tracker The Department of … Read more
