Scams

The Treasury’s Office of Foreign Assets Control (OFAC) targets the DPRK.Binance helped freeze $4.4M tied to known North Korean cybercriminals.North Korea’s regime stole over $635M last year, funding ballistic missiles. The…

A hacker managed to gain total control of Tornado Cash’s governance.While trying to mitigate damages, the hacker reached out with a friendly proposal.Many remain skeptical of the hacker’s true intentions. Tornado Cash…

Crypto scammers made around 3,234 Ethereum (ETH) — worth over $6 million — from fake airdrops in the past nine months, according to a report by AegisWeb3. The report showed that between August 2022 and May, the scammers defrauded 14,605…

Increased capital inflows into crypto markets have also attracted attention from bad actors.North Korean state-backed hacking groups have been particularly prolific. A new study reveals that Japan has been a primary…

Ray Youssef, the co-founder of Paxful, has warned to stay off the platform amid complaints of scamming.As a peer-to-peer (P2P) marketplace, Paxful provides the infrastructure, including moderation, for users to buy and sell cryptocurrency…

Cardano DeFi protocol Liqwid Labs’ Discord server is compromised. Hackers promoted ADA airdrops. Liqwid Labs and community members were quick to act.  Hackers continue to run rampant in 2023. After stealing over $100…

DEUS Finance has suffered a hack due to a vulnerability in DEI stablecoin.Significant progress has been made in the recovery efforts.Uncertainty remains as to whether the rest of the missing funds will be recovered. DEUS…

South Korean prosecutors seek the repatriation of Do Kwon.Jailed in Montenegro, Do Kwon recently denied fraud charges.The reforged Terra (LUNA) token crumbled to an all-time low today. The South Korean special task force…

When in 2021, trader David Capablanca climbed up a muddy mountain road in Colombia to discover the phony plantation of a Canadian cannabis producer heavily promoted by crypto investor Teeka Tiwari, he knew that its stock would…

Bitcoin’s transaction fees are over $20.The mempool is blocked up by nearly half a million transactions.Many feel this is an attack on the Bitcoin network – but a foolhardy one.  Recently, ‘Bitcoin NFTs’  – also known as…