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Massachusetts Warns of Crypto Scams Targeting LGBTQIA+ Community
28.6.2022
The government of Massachusetts has warned of the prevalence of cryptocurrency scams targeting the LGBTQIA+ community on social media, dating apps and elsewhere
FBI Says LinkedIn Is Being Used for Crypto Scams: Report
17.6.2022
FBI is working with LinkedIn to tackle what it called a "significant threat" after fraudsters exploited the job-seeking and networking platform to lure investors into cryptocurrency schemes before robbing them of their investments, according to a CNBC report
Study: 7.6 Million South Africans Are Crypto Investors, Social Media Main Source of Crypto-Related Information
17.6.2022
About 22% of South Africa’s adult population, or 7.6 million people, are cryptocurrency investors, findings by a study done by Kucoin cryptocurrency exchange have shown. According to the study, 72% of the respondents said they get information concerning particular crypto projects via social...
Illicit crypto usage as a percent of total usage has fallen: Report
14.6.2022
A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline
US Regulator: Investors Reported Losing Over $1 Billion in Crypto to Scams Since 2021
5.6.2022
The U.S. Federal Trade Commission (FTC) has revealed that more than 46,000 people have reported losing over $1 billion in cryptocurrency to scams since the beginning of last year. FTC Says Scammers Stole Over $1 Billion in Crypto The U.S. Federal Trade Commission published a “Data...
'Pig slaughtering' crypto scams reap millions on Silicon Valley dating apps
3.6.2022
“I never thought it could happen to me because I use tech. I’ve written software,” a victim of the pig slaughtering scam noted
Aussie consumer group calls for better crypto regs due to ‘lagging laws’
31.5.2022
Australian consumer group CHOICE outlined its crypto regulatory framework in a submission to the country’s Treasury calling for the new federal government to prioritize crypto in its financial services reforms
MetaMask Has a Plan to Help Victims of Crypto Scams
26.5.2022
The popular Ethereum wallet has partnered with recovery specialist Asset Reality
Government of Uruguay Presents Campaign Against Crypto Scams
24.5.2022
The Department of the Interior of Uruguay is taking steps to warn users about the danger they face when investing in certain crypto projects that could be scams. The campaign is called “Fake Coins: Cryptocurrency Scams” and seeks to educate the population about the most common kinds...
Crypto Firms Launch Community-Powered Scam Reporting Platform ‘Chainabuse’
24.5.2022
Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.” New Crypto Scam Reporting Platform Launched...
More than $1.6 billion exploited from DeFi so far in 2022
3.5.2022
The amount exploited this year so far surpasses the total amount stolen in all of 2020 and 2021 combined, with the month of March alone beating 2020 by over $200 million
Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours
1.5.2022
The finance department of the U.S. state of Idaho has warned investors of a series of cryptocurrency scams promising returns as high as 80% every 24 hours with no risks to investors. Crypto Scams Promising High Returns The Idaho Department of Finance announced Wednesday “a series...
Tesla CEO Elon Musk Reveals How He Will Improve Twitter if Bid Succeeds
23.4.2022
Tesla and Spacex CEO Elon Musk has revealed his priorities for improving Twitter if he successfully takes over the social media platform. Among his promises are to eliminate crypto spam bots, ensure free speech, implement edit functionality, and simplify the account verification process. Elon...
MetaMask warns Apple users over iCloud phishing attacks
18.4.2022
The firm warned that If an Apple user has enabled automatic iCloud backups of their MetaMask wallet data, their seed phrase is being stored online
4 clever crypto scams to beware — Dubai OTC trader Amin Rad
8.4.2022
Impostors Make Deep Fake Videos of Ordinary 'More Believable' People to Promote Crypto Scams
29.3.2022
Scammers are impersonating anyone from influencers to high-profile crypto figures using deep-fake technology in a bid to steal crypto from unsuspecting victims -- however, they now seem to have focused on impersonating regular people as they are "more convincing" tools.
Most recently, Miranda...
Australian competition regulator takes Meta to court over fake crypto ads
18.3.2022
The ACCC highlighted unapproved or endorsed “scam” ads featuring prominent Australian figures such as entrepreneur Dick Smith, TV host David Koch and former NSW premier Mike Baird in particular
Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official
17.3.2022
Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, however, suggested the number of Kenyans losing funds this way can be reduced if the media helps by disseminating the right information....
Better Business Bureau Warns About Cryptocurrency — BBB Ranks Crypto Scams Second Riskiest
15.3.2022
The U.S. Better Business Bureau (BBB) says cryptocurrency scams have become the second riskiest. In addition, the organization noted that “Payment made via cryptocurrency that resulted in a monetary loss more than doubled from 2020.” BBB Sees Rising Crypto Scams The U.S. Better...
Blockchain community busts alleged $20M NFT drop scam before sale completion
17.2.2022
Thanks to vigilant crypto enthusiasts, the alleged scammers were stopped dead in their tracks