Tag: crypto scams

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 14 2022

Crypto Scam and Investments Duped Over $242 Million In Australia

Since the cryptocurrency grew in the last few years, it also has become the favorite place for fraudsters and cybercriminals to loot money. Per the latest estimates, Australia records significant losses indicating crypto scams are on the rise in the state. According to the stats viewed by the Australian Competition and Consumer Commission (ACCC),...

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...

Aug 22 2022

Analyst outlines 8 crypto scams on Twitter

Aug 22 2022 Published at Coinscreed under tags  crypto scams hackers news twitter

Cybersecurity analyst Serpent in a 19-part thread outlined the sophisticated strategies scammers use for the most dastardly crypto scams and s well as non- fungible tokens' (NFT) currently active on Twitter. The analyst is the creator of Sentinel, artificial intelligence and community-powered crypto scams mitigation solution, and has 253,400 followers on Twitter. Serpent described how scammers […] The post...

Jul 20 2022

FBI Raises Alarm On Crypto Cyber Fraud, Says $42.7 Million Lost Since December

The Federal Trade Commission (FTC) issued a consumer alert last month regarding the growing risk of crypto frauds. The FBI is now adding its voice to the chorus by issuing its own warning. FBI Cautions Against Crypto Scam Apps The agency is alerting banks and investors about an eight-month period of increased cybercrime activity involving phony bitcoin apps. A report released on July...

Jul 05 2022

Crypto Scammers Hacked British Army’s Social Accounts To Promote Frauds

On Sunday, hackers took control of the British Army's official social media accounts, using them to promote fraudulent NFT collections and crypto scams for more than four hours. Crypto scams and hacks have affected billions of individuals worldwide over the past several years, becoming increasingly commonplace everyday occurrences....

Jul 04 2022

British Army Regains Full Control Of Their Hacked Social Media Accounts Promoting Crypto Scams

Jul 04 2022 Published at Coinscreed under tags  british army crypto scams news

The British Army's social media accounts were breached as hackers made a post of crypto scams, both on Twitter and YouTube. The British Army has become the latest victim of the market's widespread crypto frauds. On July 3, hackers took over the British Army's Twitter and YouTube accounts and began posting crypto movies. Following the […] The post...

Jun 07 2022

Adyingnobody Promises To Reveal The Crypto Industry’s Biggest & Nastiest Secrets

If Adyingnobody is for real, this will be the biggest story of the year. But this has to be fake, right? The whole scenario sounds too much like the plot of a James Bond movie. What if, though? If Adyingnobody is for real, this will shake the crypto market like a hurricane. As the pseudonymous whistleblower wrote, it “will likely tear a rift...

May 31 2022

Breaking: Calls For Urgent Crypto Regulation In Australia In Wake Of Scams

May 31 2022 Published at Coingape under tags  australia crypto scams regulation news

In a bid to protect crypto investors, Choice, an Australia based consumer advocacy group called for government action. The group is...

May 11 2022

Criminals continue to scam people with fake crypto ads on Facebook using Martin Lewis’ images

May 11 2022 Published at CryptoSlate under tags  crime crypto crypto scams facebook meta

Criminals continue to use Money Saving Expert founder Martin Lewis' image to defraud investors via Facebook Ads, despite Lewis settling a lawsuit with Facebook's parent Meta over the illegal use of his photos in such scams years ago, The Independent...

Apr 06 2022

Why A Twitter Edit Button Could Be Disastrous For Crypto Users

Twitter and crypto have gone hand in hand for the longest time, which is why the talk of an edit button has direct implications on the crypto community using the social media platform. The talk of adding an edit button had been one that has been going on for a long time and while Twitter has acknowledged it, this is the first time...

Apr 04 2022

“Crypto Promotes Innovation, But Also Scams”- Bank Of England Governor

Bank of England (BOE) Governor Andrew Bailey on Monday raises concerns over the rising criminal scams involving crypto in the UK, as well as, worldwide. The regulators are trying to...

Feb 23 2022

FB Crypto Scammers Now Pretending To Be Elon Musk, Jeff Bezos

Crypto Scammers have popped up in Facebook ads by faking themselves as the world's tech tycoons and giant business executives such as Metaverse' Mark Zuckerburg, Tesla's Elon Musk, and Amazone's Jeff Bezos, to make people put down their money in crypto scams. Today, social media platforms have become the favorite place to target victims in crypto scams. In...

Feb 22 2022

Facebook Says It’s Not Responsible for Crypto Scam Ads Featuring Billionaire Andrew Forrest

Feb 22 2022 Published at Coingape under tags  andrew forrest btcbrl btcbusd btcdai btceur

Earlier this month, Australian billion Andrew Forrest announced that he will be taking Facebook to the court on account of several crypto scams ads running on the platform under his name. However, in its court documents,...

Feb 16 2022

South Korean Crypto Exchange Chief Gets 22 Years in Prison For $1.7B Fraud

The seven executive employees of the South Korean V Global exchange were found guilty on Friday for the crypto fraud of 2 trillion won ($1.7 billion), authorities sentenced them to jail with hefty fines, per the Forkast report. Acting like a Pyramid Scheme, V Global exchange required investors to deposit 6 million won ($5000) for 300% ROI (Return on...

Jan 27 2022

How to Avoid Crypto Scams? Don’t be a Victim of Squid Tokens in 2022

Several weeks ago, the squid token was released after clearly stating that it was not affiliated with the hit show—Squid game. When Squid Game came on Netflix, many users enjoyed how everything played out, helping the token grow within a short period. Many people did not know that the Squid token was a means to scam people of their money. While many people...

Jan 21 2022

Crypto Scam Steals $400K In Seven Hours. Is YouTube Complicit?

Crypto scams are on the rise and the scammers are getting more sophisticated with their tactics. Some, however, have continued to use old and known tricks which have continued to garner more victims. Most of these crypto scams are perpetrated on social media platforms that are expected to take on the burden of keeping their users safe. They have failed to do this....

Jan 18 2022

Two Things You Must do to Protect your Funds from Crypto Scams

Hacked Slowmist, a prestigious blockchain security firm, stated that during 2021, crypto hackers have stolen almost $10 billion in cryptos. In this scenario, the Ethereum blockchain had the most number of hack incidents with 80% of cases. Furthermore, at the time of writing this article, we've had 18...

Jan 15 2022

Chainalysis Report Claims Criminal Usage Of Cryptocurrency Will Decrease In 2022

The crypto market saw a huge rise in the year 2021. Along with legitimate use, it's also used for many illegitimate purposes. But now, according to a recent report by data analytics...

Jan 14 2022

India Seizes $5 Million Worth Assets in $162M Morris Coin Crypto Ponzi Scheme

Jan 14 2022 Published at Coingape under tags  bitcoin news crypto scams news scanner

The Indian Enforcement Directorate took strict actions against the crimes involving...

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