Scams

In 2011, journalist and tech entrepreneur Mark Hopkins shared dinner with a longtime friend who offered to pay for his half of the meal by sending Hopkins some newly-minted bitcoin, which the friend had mined himself on his laptop. In a…

Islamic state has reportedly created, and tried to sell its NFT. This has raised concern among experts, who fear that NFT technology could be adopted for money laundering and funding for terrorist activities. Islamic…

A man has been arrested in India’s Thane, Maharashtra, for duping 1,441 investors in a fake cryptocurrency scam. According to local reports, the crypto scam likely defrauded investors of more than 250 billion INR, or $31M USD, with…

Insolvent crypto hedge fund Three Arrows Capital (3AC) is at the center of attention once again after some mystifying transactions were spotted on Tuesday evening. Firstly, the wallet address linked to Three Arrows Capital withdrew…

Multichain decentralized finance (DeFi) platform Kyber Network has said it’s removed an attack vector used in an exploit that saw $265,000 stolen on Sept. 1, Coindesk wrote. There were two wallets affected — and one of them was already…

Opinions expressed by Entrepreneur contributors are their own. FinTech is an umbrella term for all cutting-edge software technologies designed to improve businesses' and individuals' access and use of financial services.…

How easy is it to scam people? Apparently, it's easy. Ask Twitter user FatManTerra, a crypto researcher, who would say "It is far too easy to scam people into crypto."The Twitter user claimed to have gathered over $100.000 worth of Bitcoin…

When we hear of any crime or crypto scam, often our instinct is to dismiss it as something that will not happen to us. We might look into it to satiate our innate curiosity but we rarely follow the precautionary steps listed or equip…

Comment on this storyCommentNobody is immune to scams. Criminals are constantly changing them to fit the latest headlines, target our insecurities and slip through even the most well-honed BS detectors.That means everyone, young and old,…

Amid a rise in cryptocurrency-related crimes, Australia’s Federal Police has set up a new cryptocurrency unit to crack down on money laundering, the Australian Financial Review reported on September 5.The new crypto-focussed unit was set up…