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
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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
NatWest bank puts $6K monthly limit to crypto exchange payments
NatWest’s head of fraud protection emphasized the importance of self-custody in crypto amid the bank imposing new crypto restrictions. Go to Source Powered by WPeMatico
17 biggest crypto heists of all time
Crypto exchanges are hacked surprisingly often. A few of the biggest crypto heists that occurred in the past few years are discussed in this article. Go to Source Powered by WPeMatico
Fraudsters Offer Russians Bogus Chance to Invest in Fake ‘State Cryptocurrency’
Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims are encouraged to follow a link to the website of the fraudulent investment scheme, security experts said. Thousands of Investment Offers Entice Russians to Put Money Into Non-Existent Cryptocurrency Fraudsters have … Read more
Hong Kong’s losses to crypto scams doubled to $217M last year: Report
Crypto-related scams in Hong Kong reportedly accounted for over 50% of the total $407 million stolen from city residents in tech crimes in 2022. Go to Source Powered by WPeMatico
Bitcoin ATM firm allegedly profited from crypto scams via unlicensed kiosks: Prosecutor
52 crypto kiosks were seized in the investigation led by the U.S. Secret Service’s Cyber Fraud and Money Laundering Task Force. Go to Source Powered by WPeMatico
Binance launches anti-scam campaign after Hong Kong pilot run
The new campaign features a withdrawal warning message that attempts to prevent users from sending their crypto to scammers. Go to Source Powered by WPeMatico
BingChatGPT ‘pump & dump’ tokens emerging by the dozens: Peckshield
Blockchain security firm Peckshield on Twitter said it has found dozens of pump-and-dump tokens purporting to be related to ChatGPT. Go to Source Powered by WPeMatico