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Scams
Kraken and KitBoga Partnership: Combating Crypto Scammers
Amid the drama related to the ‘whitehat‘ Certik hack. Kraken is continuing its partnership with popular YouTuber KitBoga to combat crypto scammers. This collaboration, which has been ongoing for over a year, aims to leverage KitBoga’s…
Web3 must stand against the peril of airdrop hunters
The following is a sponsored guest article from Sergey Shashev, the founder of Broxus.From Community Rewards to the Hunt for “Free Money”The community has been a driving force behind the development of Web3 applications and blockchains.…
ZKasino resurfaces with promises of returning investor funds but skepticism abounds
ZKasino, a DeFi platform recently embroiled in controversy, announced that it will return stolen funds to its investors at a 1:1 ratio.The platform, which Dutch authorities recently charged with stealing $30 million in user deposits, stated…
Vitalik Buterin addresses ZKasino’s misuse of ‘zero-knowledge’ in $33M scam
Ethereum co-founder Vitalik Buterin said the issues with ZKasino were evidence that the term “Zero-Knowledge (ZK)” has gained enough prominence in the industry to attract misuse by fraudulent actors.Buterin’s comment followed revelations…
Google cracks down on scammers behind counterfeit crypto apps
Google has taken legal action against a group of individuals it accuses of defrauding over 100,000 people globally by distributing counterfeit crypto apps through its Google Play store, CNBC reported.The lawsuit was filed in the Southern…
FBI cybercrime report reveals crypto investment fraud in the US rose 53% YoY
The FBI’s Internet Crime Complaint Center (IC3) has released its 2023 report, revealing a significant rise in crypto-related fraud and the use of digital assets in cybercrime.The 2023 IC3 report serves as a comprehensive overview of the…
Crypto losses hit $67 million in February, pushing yearly losses to $200 million – Immunefi
Crypto industry losses amounted to $67 million in February over 12 incidents, with hacks accounting for 97.54% of funds stolen, according to Immunefi’s latest crypto losses report.Meanwhile, the remaining 2.46% of the funds stolen were lost…
Fake Uniswap $10 million airdrop reported as several prominent crypto media scammed
A sophisticated social engineering campaign successfully duped several prominent crypto news outlets into promoting a fabricated $10 million Uniswap airdrop on Feb. 16. The scammer, posing as a Uniswap Foundation representative, offered…
Hong Kong authorities issue public alert about fraudulent crypto exchange masquerading as MEXC…
Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have jointly issued a public warning against an entity masquerading as crypto exchange MEXC Global.The scammers are reportedly pretending to be a legitimate…
Coin Center Director of Research raises alarm over identity fraud via AI
Coin Center’s Director of Research, Peter Van Valkenburgh, has issued a stark warning regarding the escalating threat posed by artificial intelligence (AI) in fabricating identities.Valkenburgh sounded the alarm after an investigative…
