The regulator receives thousands of consumer and investor complaints about possible crypto scams each year, and it appears it’s done something with the information. The California Department of Financial Protection and Innovation has launched a new crypto scam tracker to help traders and investors spot possible industry threats. zDFPI launched the tracker on Feb. 16. It’s based…
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Web hosting company NameCheap detected the misuse of one of its third-party services for sending some unauthorized emails — which directly targeted MetaMask users. Popular crypto wallet provider MetaMask warned investors against ongoing phishing attempts by scammers attempting to contact users through NameCheap’s third-party upstream system for emails. On the evening of Feb. 12, web…
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As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of more than 50,000 Ordinal inscriptions as the trend has continued to increase daily. People are inscribing text, images, videos, audio, and software applications onto the blockchain, with some inscriptions fetching high prices via over-the-counter (OTC) trades. A clone of the popular…
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Scammers have been trying to trick customers by offering them the prospective return of their assets. Bankrupt crypto exchange FTX has acknowledged a recent spate of third-party scams and frauds aimed at swindling its already-embattled customers. On Feb. 3, FTX issued an alert to its customers regarding recent attempts by fraudsters about scam attempts, including…
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A since-removed tweet called on Robinhood’s 1.1 million Twitter followers to each pay $0.0005 for a token called ‘RBH’ on the Binance Smart Chain. An unknown group or individual has hacked the Twitter account behind crypto and stock trading platform Robinhood to push users to buy a ‘new’ token. Many Crypto Twitter users reported on…
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Online fraudsters attempt to lure in XRP investors by offering fake staking services with an ROI of up to 31% for a token that is not based on proof-of-stake consensus. The cryptocurrency community has raised flags about a new scam scheme targeting XRP (XRP) investors through a fake staking program. Online fraudsters are impersonating major…
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Europol and Eurojust, two EU agencies for law enforcement cooperation, joined authorities from Bulgaria, Cyprus, Germany and Serbia to investigate online investment fraud since June 2022. By the end of 2022, scammers shifted their focus to duping crypto investors who desperately tried to recoup their year-long losses. An international law enforcement operation led by European…
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From “pig butchering” to phishing, there are myriad ways that scammers try to take advantage of crypto users. Despite the belief of many crypto enthusiasts that centralized exchanges (CEXs) are safer, history has often shown them to be rather vulnerable to attacks. Because these exchanges centralize the storage of users’ assets, they can be attractive…
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2023 started on a bullish note for nearly all the top 100 DeFi tokens, as most of them rose to new multi-week highs. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The DeFi ecosystem started 2023 on…
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SlowMist found that across 303 recorded blockchain security incidents in 2022, nearly a third were made up of phishing attacks, rug pulls and scams. Blockchain security firm SlowMist has highlighted five common phishing techniques crypto scammers used on victims in 2022, including malicious browser bookmarks, phony sales orders and Trojan malware spread on the messaging…
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