Tag: scams

Sep 16 2021

NFT Scams: Learn How To Identify And Avoid Them

Sep 16 2021 Published at AirdropAlert under tags  guides news nft scams trending

Non-Fungible Tokens or NFTs are witnessing steady growth from the beginning of 2021. While NFTs took six months to reach $2.47 billion, a single NFT platform recently made $1 billion in 7 days. However, but hacks and scams have accompanied this massive influx of liquidity in the market. In 2021, DeFi frauds resulted in losses […] The post NFT...

Sep 12 2021

4,307% ROI, guaranteed!!! (and other crypto scams to avoid)

Sep 12 2021 Published at CryptoSlate under tags  guest post hacks scams

The following is a guest post from Josef Moser, co-founder of Cryptoradar. Crypto scams are getting more sophisticated. As more retail investors get on board the crypto train, it’s not surprising that malicious actors are trying to take advantage of new traders and unsecured crypto accounts. If you’re fresh on the crypto scene, it’s critical that you watch out for all the gimmicks...

Sep 08 2021

MoonPirate responds to accusations it is just another Binance Smart Chain “rug pull”

Sep 08 2021 Published at CryptoSlate under tags  defi scams

MoonPirate collapses less than half a year after launching on the Binance Smart Chain (BSC), leaving many to question if it was a thinly veiled scam from the start. Given the history of dodgy projects on the BSC, this latest incident does little to dispel such associations. Nonetheless, the MoonPirate team has...

Sep 05 2021

EOS under fire over claims its ICO was a shady “pump scheme”

Sep 05 2021 Published at CryptoSlate under tags  eos eosusd hacks regulation scams

During a year-long initial coin offering (ICO) that ended in 2018, EOS raised a record $4.2 billion, making it the biggest ICO in history. Combined with its Delegated Proof-of-Stake (DPoS) consensus mechanism, which has throughput thousands of times greater than Ethereum's, expectations were high. But these...

Sep 02 2021

Hey, hey, hey: SEC sues BitConnect over alleged $2 billion fraud

Sep 02 2021 Published at CryptoSlate under tags  legal scams

The United States Securities and Exchange Commission announced today that it has filed an action against BitConnect, its founder, and its top US promoter. In the official filing, the SEC alleges that they defrauded retail investors out of at least $2 billion by offering fraudulent and unregistered investments. The lawsuit...

Aug 27 2021

Scammers turn their attention to NFTs as the crypto subsector sees multimillion dollar mania

Aug 27 2021 Published at CryptoSlate under tags  nfts scams

NFTs have had quite the roller coaster year. Spurred by the sale of Beeple's The First 5000 days for a record $70 million, tokenized digital art was thrust into the mainstream earlier this year. A dramatic dip in sales followed, leading many to believe it was game over for NFTs. However, the past month or so has seen a...

Aug 19 2021

Cardano bucks downtrend with 5% gains, but millions in ADA still lost in giveaway scams

Aug 19 2021 Published at CryptoSlate under tags  ada adausd scams technology tokens

Cardano is up 5% in the last 24-hours, to $2.09 at the time of writing, making it the biggest gainer in the top ten. At the same time, other large caps are struggling to break out of this week's market dip, which coincided with Bitcoin's rejection at $48,000. Indeed, the last seven days have seen the price of Cardano gain 16%, suggesting, despite...

Jul 14 2021

Jul 12 2021

Logan Paul called out for promoting alleged crypto scam Dink Doink

Jul 12 2021 Published at CryptoSlate under tags  nfts scams

Popular YouTuber Logan Paul catches heat for promoting a dubious crypto sh*tcoin known as Dink Doink. Earlier this month, several influencers, including members of FaZe Clan and Ricegum, were accused of hyping a pump and dump token called Save The Children....

Jul 08 2021

‘BitScam’ and ‘CloudScam’ end up scamming 93,000 Bitcoin and Ethereum users

Jul 08 2021 Published at CryptoSlate under tags  btcusd ethusd scams

Lookout, an integrated endpoint-to-cloud security company, today announced the discovery of major crypto mining scams using hundreds of Android apps, as per a release shared with CryptoSlate. What. How. And Where? Categorized into two distinct Android app families, BitScam and...

Dogecoin ‘rival’ token Floki rugpulls…twice

Jul 08 2021 Published at CryptoSlate under tags  defi eth scams tokens

Tesla’s owner and crypto’s most notorious influencer Elon Musk tweeted on the 25th of June his new Shiba Inu will be named Floki, which promptly led to a frantic launch of a myriad of meme tokens exploiting the name. As expected, scams popped up among...

Jul 03 2021

FaZe Clan fires one, suspends 3 players embroiled in alleged ‘Save the Kids’ crypto scam

Jul 03 2021 Published at CryptoSlate under tags  people scams tokens

FaZe Clan, a Los Angeles-based professional electronic sports (esports) organization, today announced that it has fired its member FaZe Kay as well as suspended three more players—Jarvis, Nikan, and Teeqo—who were involved in promoting cryptocurrency token Save the Kids (KIDS). “We have made the decision to remove Kay from FaZe Clan, and have suspended Jarvis, Nikan, and Teeqo until...

Jul 02 2021

Jul 01 2021

Ethereum token ‘WhaleFarm’ drops 99% in latest DeFi scam. Team steals $2 million

Jul 01 2021 Published at CryptoSlate under tags  ada bnb btc busd defi

Decentralized finance (DeFi) project WhaleFarm joins the fast-growing list of exit scams, hijacking millions as its native token’s value plummeted by almost 100% in minutes. Recently, the project’s anonymous developers launched yield farming, a staking opportunity for investors to lock up their crypto in return for high rewards....

Jun 30 2021

Illegal torrenting identified as source for new Monero (XMR) malware

Jun 30 2021 Published at CryptoSlate under tags  hacks scams xmrusd

Avast Antivirus (AA) has turned up a newly discovered Monero mining malware, which they call "Crackonosh." Crackonosh is distributed as a trojan with cracked software. It searches for and disables many popular antivirus programs as part of its anti-detection and anti-forensics tactics....

Jun 29 2021

Founder Behind Alleged $2.3 Billion Bitcoin Scam Pushes Against Victims’ Claims

Jun 29 2021 Published at Bitcoin Magazine under tags  africrypt business scams south africa

The founder of an investment platform accused of stealing $2.3 billion in bitcoin has resurfaced to push back on those claims.Following what victims allege to be one of the largest bitcoin scams of all time, with claims that more than $2.3 billion in bitcoin was stolen, one of the accused has resurfaced to profess innocence.Last week, news reports indicated that the...

Jun 24 2021

Report: Founders Of South African Exchange Abscond With $2.3 Billion In Bitcoin

Jun 24 2021 Published at Bitcoin Magazine under tags  africrypt business scams south africa

Users of South African exchange Africrypt are missing $2.3 billion in bitcoin after the founders have disappeared.The founders of South African cryptocurrency exchange Africrypt, two brothers named Ameer and Raees Cajee, have reportedly vanished, as has more than $2.3 billion in bitcoin belonging to clients.“A Cape Town law firm hired by investors say they can’t locate the brothers and has reported...

Developer ‘rug pulls’ Ethereum DeFi project SharedStake, SGT token falls 95%

Jun 24 2021 Published at CryptoSlate under tags  defi eth eth 2.0 scams

Decentralized Ethereum 2.0 staking protocol SharedStake has a developer on the loose that used the admin key and exploited the protocol’s governance token SGT. As the price of SGT plummets 95%, other team members are urging users to withdraw all funds and wait...

Jun 17 2021

Inside The Scam: Victims Of Ledger Hack Are Receiving Fake Hardware Wallets

Jun 17 2021 Published at Bitcoin Magazine under tags  hack hardware wallet ledger reddit scams

A new attack vector following the Ledger data breach of July 2021 involves sending convincing but fake hardware wallets to victims.Victims of a hack of customer data held by bitcoin hardware wallet provider Ledger, which happened almost a year ago, are still apparently being targeted by scammers. Over 1 million victims of the...

Jun 10 2021

1,100 people arrested in China over alleged crypto fraud

Jun 10 2021 Published at CryptoSlate under tags  btc regulation scams

Chinese police busted a network of more than 170 criminal groups as they arrested 1,100 suspects involved in money laundering by buying cryptocurrencies, security officials said in a statement. The charged individuals are accused of converting illegal proceeds into cryptocurrencies via crypto exchanges, the Ministry of Public Security...

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