The dev partner of the Solana-based NFT game raised the royalty to 98% from the usual 5%, resulting in the scammer listing the 25 stolen NFTs for sale, which were then bought back and returned. The tales of traders getting scammed out of their nonfungible tokens (NFTs) were quite common at the peak of the…
Read more
Would be owner Elon Musk plans to shake the crypto spammers out of Twitter, disputing their claims that fake accounts only account for 5% of the total. Spam and bots have been the bane of anyone that uses the internet for years, but recently this digital scourge has ramped up activity in the crypto sector…
Read more
Deepfakes abound! Crypto scammers produce a deepfake video of Elon Musk’s TED talk to prey on unwitting social media users. Tesla CEO Elon Musk distanced himself from yet another fabricated video promoting a cryptocurrency scam. Originally shared on Twitter, the video in question was a deepfake of Musk purportedly promoting a cryptocurrency platform boasting 30%…
Read more
A malicious link netted a scammer $1.5 million worth of Moonbird NFTs from a Proof Collective member. A Proof Collective member has fallen victim to a scam, losing 29 highly-valuable Ethereum-based Moonbirds. According to a tweet by Cirrus on Wednesday morning, the victim lost 29 Moonbird nonfungible tokens (NFTs) worth $1.5 million after clicking a…
Read more
The challenges faced by Terra, Wonderland and a handful of other DeFi projects exposed the need for investors to do more research and avoid cult personalities. Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping to establish the network, then vanishing without so…
Read more
The Luna Foundation Guard updates the world concerning its crypto-asset reserves and shares a promise to compensate the remaining users of failed stablecoin UST. The Luna saga continues. In a Twitter thread, the team behind the failed algorithmic stablecoin UST and the token LUNA shared precisely how much Bitcoin and crypto assets they had disposed of.…
Read more
What are the most common NFT scams and how can you avoid them? Are the non-fungible tokens still worth the shot? Are NFTs worth it? NFTs are suitable as an investment. If you count your steps and take your safety measures, it’s a whole new world to explore. We’re in the middle of the roller…
Read more
Trying to cash in on Binance’s popularity in the country, scammers in Turkey have been found to rent numerous billboards to advertise fake Binance-themed opportunities. Binance TR, the Turkish arm of crypto exchange Binance, has warned investors in the region of an ongoing scam attempt that targets crypto investors via fake Binance-branded billboards and hoardings.…
Read more
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot topics of the day, including the sanctions theme. Pyramids Offer Russian Investors Ways to Circumvent Western Sanctions Amid growing financial uncertainty, Ponzi…
Read more
The phishing attack coincided with the one-year anniversary of BAYC’s launch, leading many users to believe that the link was authentic. As told by Bored Ape Yacht Club (BAYC) developers on Monday, hackers breached the popular nonfungible token (NFT) collection’s official Instagram page and shared links to a fake airdrop with the project’s followers. Crypto…
Read more
