Scams

U.S. Department of Justice charged four Russian individuals for running a Ponzi scheme through a platform called Forsage.The defendants allegedly used computer code to steal customers’ money.The defendants face up to 20…

AdPopular NFT collection Friendsies tweeted Feb. 15 that it would pause its development, citing “challenging” market conditions as the primary reason for its hiatus.“We had the best intentions to create a genuine digital companion for the…

PeckShield reveals honeypot schemes using ChatGPT’s name.Elon Musk’s tweet inspires a truth-telling robot-themed cryptocurrency.TruthGPT chatbot went live on Telegram on February 19th, 2023. Crypto security company…

AdIn a Twitter thread, Custodia Bank founder and CEO Caitlin Long said that she provided evidence to law enforcement about a crypto crime months before the company collapsed and left millions of customers in the lurch. She noted:“I handed…

In early February, Louis Vuitton announced a collection with Yayoi Kusama. Several Web 3.0 news outlets shared speculative claims from an unverified NFT collection. The unverified NFT collection has been removed for copyright…

Insha is a crypto journalist from Pakistan specializing in Web3 gaming and the metaverse. At DailyCoin, he hunts for breakthroughs, interesting stories, and upcoming developments in the metaverse and Web3 gaming space. …

AdOver $2.77 billion worth of crypto was lost to hacks, exploits, and attacks in 2022, according to CoinGecko’s recent research.Around 47% of this amount — equating to $1.30 billion — was stolen using a diverse range of methods including…

Limit Break, an upcoming Web3 gaming company, recently aired a QR code ad during the first commercial break of the Super Bowl. The company planned to give away tens of thousands of free-to-own NFTs from its DigiDaigaku Dragon series.…

Avatar, a Chinese crypto project potentially running an MLM scheme, has amassed over 25.56 million MATIC tokens. The project offers its users to “stake” their MATIC tokens for extremely high rewards and refer other users. MATIC…

Eddy Alexandre has changed his plea to guilty for his involvement in the $248 million EminiFx Ponzi Scheme.EminiFX was a crypto and foreign exchange trading platform that promised 5% weekly returns for investors. Alexandre…