Australian ‘Big 4’ bank begins trial for cryptocurrency payment blocks
One of Australia’s Big Four banks announced efforts to combat crypto fraud activities aimed at reducing losses from scams. Go to Source Powered by WPeMatico
Scams
Auto Added by WPeMatico
Irish newspaper apologizes for misleading AI-generated article
A daily newspaper in Ireland released a statement saying it was “deliberately deceived” to believe the identity of a guest writer that turned out to be AI. Go to Source Powered by WPeMatico
UK government targets fraudsters with new ban on cold calls for crypto
The U.K. government plans to introduce laws to reimburse victims of authorized crypto fraud and work with Ofcom to prevent phone number “spoofing.“ Go to Source Powered by WPeMatico
April’s crypto scams, exploits and hacks lead to $103M lost — CertiK
The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023. Go to Source Powered by WPeMatico
Tencent Cloud to reportedly offer deepfake creation tool at $145
Tencent Cloud’s deepfake creation service can analyze and train itself on three-minute videos and 100 voice clips to produce a convincing deepfake video within 24 hours. Go to Source Powered by WPeMatico
Not funny: Comedy club NFT debacle teaches lesson in transparency
What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community. Go to Source Powered by WPeMatico
Net losses from crypto theft down sharply in Q1 2023 at $322M: Report
A report from app provider De.Fi showed losses from theft down in Q1 2023 compared to last year, along with recovery of funds; Euler accounted for a huge share of both. Go to Source Powered by WPeMatico
A third of US crypto holders have experienced theft: Report
Ten percent of crypto holders surveyed made no attempt at protecting their assets; victimization varied strongly by age. Go to Source Powered by WPeMatico
Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 … Read more
British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams
On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking … Read more
