Ripple CTO warns against XRP scams amid SEC-induced hype
The XRP price rallied over 70% — bringing up its value from $0.47 to $0.82 in a day. The incident also marks the biggest price jump for XRP in the past year. Go to Source Powered by WPeMatico
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Pink, Pussy, Venom, Inferno — Drainers coming for a crypto wallet near you
Crypto wallet drainers, or sweepers, are malicious smart contracts that can quickly empty a crypto wallet of its funds and are a standard tool for phishing scammers. Go to Source Powered by WPeMatico
‘Scammers’ impersonate Crypto Twitter users on Threads as users near 100M
Threads are already seeing potential crypto scammers arrive on the platform as Crypto Twitter personas warn of impersonators on the app. Go to Source Powered by WPeMatico
Coinbase domain name reportedly used by scammers in high-profile attacks
Twitter users have been sharing security incidents surrounding the crypto exchange, including claims that scammers are using Coinbase’s domain name on attacks. Go to Source Powered by WPeMatico
$7.8B lost in crypto ponzi and pyramid schemes in 2022: Report
Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn. Go to Source Powered by WPeMatico
Over $204M was lost in Q2 DeFi hacks and scams: Report
More than $208.5 million was lost initially, but approximately $4.5 million was recovered, making the total amount of unrecovered funds over $204 million. Go to Source Powered by WPeMatico
How security, education and regulation can mitigate rising crypto scams
Cybersecurity experts say the crypto industry is a target for bad actors because it is a new technology that is rapidly evolving and growing. Go to Source Powered by WPeMatico
On-chain sleuth ZachXBT sued for libel after claiming plaintiff drained funds from project
Plaintiff Jeffrey Huang claims his reputation was damaged when ZachXBT allegedly falsely accused him of embezzlement. Go to Source Powered by WPeMatico
Gary Gensler: Crypto market is like 1920s stock market, full of ‘fraudsters’
Gensler argued that securities laws helped prevent stock market scams once they were passed in the 1930s and can benefit the crypto market of today. Go to Source Powered by WPeMatico
Crypto phishing scams: How users can stay protected
A look at the different techniques employed by crypto phishing scammers and how users can stay protected. Go to Source Powered by WPeMatico