Scams

Scammers conned British investors out of £36m of Binance’s cryptocurrency last year, according to figures released by City of London Police. The figure represents more than a sixth of crypto frauds reported to Action Fraud, the UK’s…

The web3 ecosystem lost over $428.7 million to 39 exploits in the third quarter — down 62.9% compared to over $1 billion lost in the same period of 2021. The Nomad Bridge and Wintermute hacks account for 79.85% — $350 million — of all…

Listen to this article.After grieving the loss of her husband and brother to brain cancer, a widow was seduced online and scammed out of £53,000 ($60,400) through false crypto investments. Her building society (similar to a credit union)…

The Federal Bureau of Investigation (FBI) Miami Field Office has warned that crypto ATMs are emerging as a popular method that scammers use to receive funds from defrauded victims. The information was revealed as part of an Oct. 3 public…

CHARLOTTE, N.C. – U.S. Attorney Dena J. King joins the Justice Department in announcing today the results of the Department’s efforts over the past year to protect older adults from fraud and exploitation. During the past year, the…

Mastercard has just launched a new tool that will help banks identify and block fraudulent transactions from exchanges, the credit card company reported, according to a CNBC post. Using artificial intelligence, Crypto Secure blockchain…

Stakeholders in the crypto community are complaining about the prevalence of scam bots accounts on Twitter, urging the social media site to find a solution to the menace.Ripple’s (XRP) CEO Brad Garlinghouse shared a mail where the social…

When a fake Twitter account of then-commander of U.S. Africa Command Gen. Stephen Townsend emerged last year, it prompted the command to release a warning about online scams.Townsend, however, is by no means the only top-level leader, or…

Renowned NFT artist Mike Winkelmann, popularly known as “Beeple”, has issued a warning message on Twitter that his Discord servers, normally used by NFT collectors to discuss and trade digital art, had been compromised.…

The financial service provider Mastercard launched a new crypto service related to risk management on Oct. 3. Mastercard’s new service, Crypto Secure, is aimed to help banks find and prevent fraud on crypto merchant platforms.Crypto Secure…