A week ago, a crypto whale fell victim to a scam that resulted in the loss of over $71 million. In the following days, the scammer moved the funds to veil them. But in a shocking turn of events, they returned the funds to the victim. Address Poisoning Scam Snatches $71 Million On May 3,…
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A Hong Kong businessman and his son have surrendered to police in connection with the abduction of a cryptocurrency investor, according to a local news outlet, the South China Morning Post, citing sources familiar with the matter. The 70-year-old man and his 30-year-old son were arrested on suspicion of false imprisonment and assault, according to…
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A fork of the Gains Network – an ecosystem of DeFi products on Polygon and Arbitrum – was allowing traders to claim 10X gains on every trade, no matter the price of their tokens traded, according to blockchain security experts. Gains Network Infinite Money Glitch Gains Network holds a total value locked (TVL) of $20.29…
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An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam on May 3, according to security firm Cyvers. ALERTAre we mistaken, or has someone truly lost $68M worth of $WBTC? Our system has detected another address falling victim to address poisoning, losing 1155 $WBTC. Victim: https://t.co/5NKlOFnepJ…
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The FBI arrested New York resident Idin Dalpour for defrauding investors of $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation. On May 1st, the Federal Bureau of Investigation (FBI), alongside a New York court, charged Dalpour. According to a press release from the Manhattan District…
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The Solana memecoin frenzy has made many investors score a home run or be out of the game this cycle. Traders are looking for new projects that could be the next hit while the market enters a new re-accumulation phase. Solana Memecoins’ New Strike Memecoins have been the narrative of this bull cycle. As a…
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Slowmist, teaming up with Imtoken, has exposed a new cryptocurrency scam exploiting offline transactions and using USDT, where scammers manipulate Ethereum RPC to falsify USDT balances in the victim’s wallet. The con artists coax victims into changing their Ethereum RPC URL to one they control, making it appear as though USDT funds were deposited, only…
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North Korea’s state-sponsored hacking collective Lazarus group is reportedly targeting LinkedIn users in the digital asset industry as part of its latest crypto hacking malware attempt, blockchain security firm SlowMist alleged on April 24. “The Lazarus Group is currently contacting cryptocurrency industry targets through LinkedIn and stealing employee privileges or assets through malware,” SlowMist posted…
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US prosecutors have charged a man with wire fraud and money laundering in connection with a large-scale illegal ‘cryptojacking’ operation. Charles O. Parks III, also known as “CP3O,” allegedly defrauded two cloud computing providers, resulting in losses of $3.5 million, while using their resources to mine cryptocurrencies worth approximately $970,000, including Ether, Litecoin, and Monero,…
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Google has filed a lawsuit against a group accused of defrauding more than 100,000 individuals worldwide by uploading fraudulent investment and crypto exchange apps to Google Play. The lawsuit, filed in the Southern District of New York, claims that the defendants engaged in multiple misrepresentations to deceive Google and upload their fraudulent apps to Google…
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