Tag: crypto scam

Sep 26 2022

Actor Will Sasso’s Twitter Hacked; Used To Promote ADA Scam

Canadian Actor William Sasso's Twitter account has been compromised, with the hackers using the account to promote an ADA scam. The compromise is the latest of a series of Twitter account hacks in a coordinated attempt to publicize ADA and XRP scams on the aves-themed social platform. It is ill-advised... Read more

Sep 23 2022

Revolut Fell For Social Engineering Attack, Data From 50K Users Exposed

It was Revolut’s turn. Another day, another data breach in the crypto world. About a week ago, someone inside the company’s headquarters fell for a scam. According to Revolut, the social hackers only had access to the data “for a short period of time.” And the breach only affected 0,16% of their clients. Not too bad, right? Well, apparently the attackers got 50K...

Sep 21 2022

Hackers Breached Twitter Account Of Oman’s Indian Embassy To Push XRP Scam

Hackers keep trying new ways to loot money in crypto and fiat. This time, scammers hacked a Twitter account of the Indian Embassy in Oman to promote an XRP scam that requires users to click on a phishing link. In order to appear legitimate, the scammers replaced the account profile image with Ripple's CEO, Brad Garlinghouse. Currently, the official Twitter account OmanEmbassy_Ind...

Sep 19 2022

Number Crypto Scams On YouTube Explodes 335% In First Half Of 2022

Crypto scams involving bogus giveaways have grown into a black market industry of sorts with several services designed to support fraudulent activities. Group-IB, a Singaporean cybersecurity company, revealed in a report that the incidence of cryptocurrency frauds involving phony domains, which are used as welcome pages for YouTube fraud streams, skyrocketed in the first half of this year. In the first six months...

Sep 12 2022

Meet The Elon Musk Deep Fakes Being Used To Promote Crypto Scams

Crypto scams are a pervasive problem that the industry has had a hard time shaking off. Even when the scams get popular enough that investors no longer fall for them, the scammers come out with even more sophisticated versions of their scams to lure unsuspecting investors. The use of prominent figures such as Elon Musk to perpetuate these scams is in no way...

Sep 11 2022

Crypto Scam: U.S. Senators Ask Mark Zuckerberg What Meta Is Doing To Stop It

Crypto scam is always a pain the neck, especially for these guardians of the law. They want answers and as part of their inquiry, they're turning their attention to the world's 16th wealthiest man. Democratic senators from the United States Senate questioned Mark Zuckerberg, the chief executive officer of Meta, about the company's procedures for combating cryptocurrency fraud. The Washington Post reports that...

Sep 09 2022

Senators call on Mark Zuckerberg to address crypto scams on Meta’s platforms

Sep 09 2022 Published at Coinscreed under tags  crypto scam lawmakers #mark zukerberg news

Democratic senators from the US Senate have reportedly questioned Meta CEO Mark Zuckerberg about the company's procedures for dealing with cryptocurrency scams occurring on its various platforms. Senators Robert Menendez, Sherrod Brown, Elizabeth Warren, Dianne Feinstein, Bernie Sanders, and Cory Booker reportedly made a call to Facebook CEO Mark Zuckerberg on Friday to ask him […] The post...

Sep 02 2022

Runaway Thodex Crypto Exchange CEO Arrested in Albania, Turkey Says

The Turkish Ministry of Internal Affairs announced on Tuesday that 28-years-old Faruk Fatih Ozer, Founder and CEO of folded Turkish cryptocurrency exchange Thodex, has been arrested in Albania.

The ministry said Fatih was rounded up in Vlorë, a city in Southern Albania, after he was found through his biometric identification.

The government ministry further noted that the process to extradite Fatih to Turkey has...

Sep 01 2022

Crypto Call Centers Duping People Across Europe Busted By Ukrainian Cops

Crypto scammers come in different shapes and faces. In this part of the globe, they come from call centers -- agents who sweet-talk their targets and steal their money. Since Russia's invasion of Ukraine on February 24 this year, hundreds of soldiers and civilians have been killed by atrocities. In the midst of damage and death, however, scammers take advantage of the circumstance...

Aug 31 2022

Fugitive Thodex Founder Arrested; Confirms Albanian Cops

Aug 31 2022 Published at Coingape under tags  cryptocurrency exchange crypto scam news

Fugitive Turkish Thodex founder Faruk Fatih Ozer (28), who was on the run since last year, was arrested in Albania. The news was confirmed by the Turkish Interior Ministry on Tuesday (30 August). Faruk Fatih Ozer fled Turkey with a...

Aug 30 2022

Gotcha! Fugitive Crypto Exchange Founder Collared In Albania

A crypto exchange founder who has long eluded authorities in now under police custody. According to a report by Barron's, citing the Turkish Ministry of the Interior, Albania has detained the founder and CEO of the cryptocurrency exchange Thodex, who fled Turkey and left users' funds irretrievable. The fugitive entrepreneur...

Aug 28 2022

Crypto Scam: UK Shuts Down 2 Companies Engaged In Crypto Fraud

Crypto scam is a pain in the neck for governments around the globe. It involves a huge amount of money and as technology advances, so do the tricks fraudsters employ behind the scheme. British authorities have ordered the shutdown of two companies involved in a crypto-related fraud. An investigation into the two firms revealed that their accounts were used in a £1.3 million...

Aug 23 2022

FBI issues alert as ‘Pig Butchering’ crypto scam gains momentum

The Pig Butchering scam relies on a fraudster gaining confidence with their victim sometimes over a long time span of weeks or months." According to recent media reports, U.S. officials have issued warnings about the pig butchering scam's expanding notoriety, including the Federal Bureau of Investigation (FBI) and Lakewood Police, where incidents have been reported. […] The post...

Aug 21 2022

Bitcoin Scam Called ‘Pig Butchering’ Grows Alarmingly Popular

There’s a new type of Bitcoin scam and it sounds so bizarre: it’s called “pig butchering” and you definitely don't want to be on the chopping board. As the fraud's name suggests, “pig butchering” refers to how a target is “fattened up” before being "slaughtered." This form of bitcoin scam happens when a con artist recruits victims using social media or dating services...

Aug 18 2022

Do Kwon Better Call Seoul In Preparation For Legal Battle Following Terra Collapse

Do Kwon should better call Seoul fast and hire the best lawyer in the city to defend him when things start to get serious, following the collapse of Terraform Labs. Well, the disgraced architect of the once multi-billion dollar Terra ecosystem actually just hired a new attorney in South Korea, just days after stating the South Korean authorities have yet to reach out...

Aug 17 2022

Crypto frauds drops by 65% as newbies leave market: Chainalysis

Aug 17 2022 Published at Coinscreed under tags  crypto scam news

According to a new crypto crime study, fewer people have been scammed by bitcoin so far in 2022 as a result of dropping asset values and novice cryptocurrency users leaving the industry. The total revenue generated by crypto scams year to date is currently estimated to be $1.6 billion, according to a Chainalysis report published […] The post...

Aug 16 2022

Chainalysis: Almost $2 Billion Have Gone To Crypto Hacks This Year

According to a report published on Tuesday by blockchain analysis company Chainalysis, a remarkable $1.9 billion worth of bitcoin was stolen in hacks of various services in the first seven months of this year, representing a 60% rise from the same time in the previous year. DeFi Saw Huge Cases Of Hacks, Chainalysis Reports Even though several cryptocurrencies saw a sharp decline in...

Aug 13 2022

Brazilian Crypto Platform Halts Withdrawals, Scam Or Hack?

Aug 13 2022 Published at Coingape under tags  crypto fraud crypto scam news

In a shocking revelation, a Brazilian crypto lending company announced halting of withdrawals due to an attack. A company representative of BlueBenx said the company suffered a hack worth...

Crypto Influencers – Curse or Blessing for the Crypto Industry?

The hype surrounding influencers has also arrived on the crypto market. More and more people are advertising certain coins or exchanges on social media. Here, people's greed is often exploited in order to achieve high profits for the influencers themselves. Because the fear of missing something is particularly pronounced among young people. The desire and dream of many people to get rich quickly...

Aug 08 2022

Just In: Nomad Hack Related Crypto Mixer Sanctioned By U.S. Dept

Aug 08 2022 Published at Coingape under tags  crypto fraud crypto scam news

An office under the U.S. Department of the Treasury sanctioned crypto mixer Tornado Cash for laundering money worth billions. In an announcement made on Monday, the Office of Foreign Assets Control (OFAC) found activities of a...

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