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Ripple CTO Issues Warning Against XRP Scams Amidst Surge in Price
14.7.2023
Ripple CTO David Schwartz has issued a warning regarding a new wave of scams targeting investors amid the recent court ruling in favor of Ripple Labs.
"A lot of scammers are taking advantage of the recent good news to try to cheat and steal," Schwartz said in a Friday tweet. "There are...
Ripple CTO warns against XRP scams amid SEC-induced hype
14.7.2023
The XRP price rallied over 70% — bringing up its value from $0.47 to $0.82 in a day. The incident also marks the biggest price jump XRP witnessed over the past year
Chainalysis Report: Significant Decline Seen in Crypto Scams in 2023
13.7.2023
2023 has so far been a meager year for crypto scammers, according to a new report from blockchain intelligence firm Chainalysis.
So far in 2023, crypto-related crime, measured as inflows to “known illicit entities,” has fallen 65% compared with the same period last year.
At the same time,...
Crypto scams are down 77% — but this exploit is making a huge comeback
12.7.2023
Attackers of this kind are supposedly "big game hunting” large-scale organizations with deep pockets to extract ”the most money possible” out of these firms
Pink, Pussy, Venom, Inferno — Drainers coming for a crypto wallet near you
11.7.2023
Crypto wallet drainers, or sweepers, are malicious smart contracts that can quickly empty a crypto wallet of its funds and are a standard tool for phishing scammers
'Scammers' impersonate Crypto Twitter users on Threads as users near 100M
10.7.2023
Threads are already seeing potential crypto scammers arrive on the platform as Crypto Twitter personas warn of impersonators on the app
Coinbase domain name reportedly used by scammers in high-profile attacks
7.7.2023
Twitter users have been sharing security incidents surrounding the crypto exchange, including claims that scammers are using Coinbase's domain name on attacks
Mastercard AI-powered tool to help banks fight fraud
6.7.2023
Mastercard revealed a new AI-driven tool available to banks for collecting insights to predict scams and frauds involving real-time payments
Brazilian Lawmakers Want to Hear from Binance, Bitso & OKX as MPs Target Crypto Scams
5.7.2023
Brazilian lawmakers have summoned the heads of major crypto exchanges to parliament, with representatives of the trading platforms Binance, Bitso, and OKX all set to attend.
Per the Brazilian media outlet Livecoins, a special parliamentary commission for “cryptocurrency-based financial pyramid...
Report: Over $204 Million Lost to DeFi Hacks and Scams in Q2
3.7.2023
More than $204 million was lost in various hacks and scams in the decentralized finance (DeFi) space during the second quarter of 2023, a new report by crypto portfolio app De.Fi has found.
According to the report, the initial loss for the quarter was as high as $208.5 million before $4.5 million...
40% of South Africans Familiar With the ‘Concept of Web3’ — Study
2.7.2023
Some 40% of South African survey participants are familiar with the concept of Web3 and a further 80% believe the technology backing cryptocurrencies can “transform or fully rebuild the financial system,” according to the findings of a Consensys survey. However, as much as 59% believe...
$656M lost from crypto hacks, scams, and rug pulls in H12023: Report
30.6.2023
Approximately $215 million of stolen assets have since been recovered
Over $204M lost to DeFi hacks and scams in Q2: Finance Redefined
30.6.2023
The top 100 DeFi tokens didn’t see much change in price over the past week, with the majority posting minor weekly gains
Blockchain Australia CEO calls for unified efforts to stamp out crypto scams
30.6.2023
Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate
$7.8B lost in crypto ponzi and pyramid schemes in 2022: Report
28.6.2023
Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn
Crypto Ponzi Schemes Cost Victims $7.8B in 2022: TRM Labs
28.6.2023
Ponzi schemes dominated the crypto crime landscape in 2022, with $7.8 billion funneled from victims, blockchain analytics firm said in a new report
Over $204M was lost in Q2 DeFi hacks and scams: Report
27.6.2023
More than $208.5 million was lost initially, but approximately $4.5 million was recovered, making the total amount of unrecovered funds over $204 million
Expect Surge in Crypto Scams with Advancements in AI
27.6.2023
There are growing concerns that scammers will use artificial intelligence (AI) to develop new methods of fraud and deception as the technology continues to advance.
One of the primary ways in which scammers are using AI is through social media platforms. By leveraging AI-powered tools, scammers...
Australian banks claim 40% of scams 'touch' crypto as it defends restrictions
27.6.2023
During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges
Crypto scams are going to ramp up with the rise of AI
27.6.2023
Remember HarvestKeeper, the AI project that scammed users for $1 million? You can expect similar AI-based scams to soar over the next couple of years