Advancements in AI have made it possible to create deepfake videos and voices in which scammers write the scripts to try and illegally obtain others’ crypto.
Category: Scams
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Scammers prefer banking customers over crypto investors in Ireland: Report
To date, Irish authorities managed to recover approximately 4 million euro of the 20 million euro that were lost in banking scams since January 2023.
EtherHiding: Hackers create novel way to hide malicious code in blockchains
Threat actors have worked out a way to hide malicious payloads in Binance smart contracts to lure victims into updating their browsers from fake prompts, according to cybersecurity researchers.
BlackRock seeks court crackdown on 44 copycat sites, some crypto adjacent
The world’s largest asset manager wants to take control of a raft of domain names that have been registered to imitate it.
Alameda Research lost $190M to scams and ‘questionable’ blockchains: Whistleblower
Former Alameda Research engineer Aditya Baradwaj says one trader lost more than $100 million after clicking on a fake link.
OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull
A former OpenSea employee has been accused of assisting the infamous AnubisDAO rug pull in 2021; however, some commentators have raised doubts.
Galxe protocol experiences DNS attack, losses top $150,000 so far and still growing
The Web3 platform’s website has been restored, but the company still warns against using it. The hack may be linked to September’s attack on Balancer.
Crypto Ponzi scheme AirBit: All but one exec now sentenced
AirBit Club co-founder Dos Santos is now the last AirBit defendant not yet sentenced but is scheduled to learn his fate on Oct. 4, 2023.
Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report
Private keys getting compromised took over $204 million across 14 security incidents in the third quarter of 2023.
September becomes the biggest month for crypto exploits in 2023: CertiK
The Mixin Network cross-chain protocol accounted for almost two-thirds of the crypto exploit losses in September.