Scams

In the late 2010s as cryptocurrency’s worth climbed and climbed, the claims made on its behalf became inflated as well. Its evangelical fan base believed it could turn the finance industry upside-down while also acting as inflation-proof,…

U.S. Senator Sherrod Brown (D-Ohio) sent letters to Tim Cook, CEO of Apple, and Sundar Pichai, CEO of Google and Alphabet on July 28, asking for information about what the companies are doing to protect users from fraudulent cryptocurrency…

We’re hearing lots in the news about Bitcoin. But what exactly is it, how does it work, and what impact will it have in the wider world? Here’s everything you need to knowInvented in 2009, Bitcoin is the world’s oldest and…

In a recent blog post, San Francisco-based crypto exchange Okcoin warned about “elder fraud,” adding that the elderly are the highest risk group affected by online scams.Following an investigation, the company’s risk team intercepted $1…

The now renowned Dark Knight of Terra, FatManTerra, has announced a class action lawsuit through US solicitors, Scott+Scott in an attempt to recoup UST investments following the collapse of the Terra ecosystem.Lawsuit Sign-Up Link…

Cryptojacking in the finance sector went up by 269% in the first half of this year, cybersecurity firm SonicWall reported.The finance sector, which used to experience nearly the least numbers of cryptojacking incidents, faced the highest…

Titanium Blockchain founder and CEO Michael Alan Stollery pleaded guilty to conducting a fraudulent initial coin offering (ICO) touted to be worth $21 million.Stollery’s operation was unregistered and soaked in falsitiesStollery, was…

Investors of BNB chain-based meme coin Teddy Doge (TEDDY) have become the latest victim of a “soft rug pull,” blockchain security and analytics firm PeckShield alleged in a July 25 tweet.Rug pulls refer to scams where developers of a…

Independent music streaming service Audius (AUDIO) encountered a major setback yesterday when governance proposal #85 was maliciously confirmed on the company’s website. Hackers managed to loot over 18 million of the platform’s…

A previously identified vulnerability in Twitter’s databases has now allowed hackers access to the personal information of 5.4 million users. According to reports, this data is up for sale for $30,000. We look at how stolen personal…