The U.S. Federal Trade Commission (FTC) has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency explained. “2021 numbers are nearly five times those reported in 2020, and more than 25 times those reported in 2019,” said the FTC. FTC Warns…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Intel Confirms its Crypto Mining Plan, Uber Repeats its Crypto Intentions + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
US crypto exchange Coinbase has decided to scrap ‘how to buy’ instructions for a minimum of three crypto tokens following the emergence of rug pull warnings indicating that investors’ cybersecurity and funds were in danger. Rug pulls happen when crypto developers unexpectedly drop a project and take their investors’ funds with them…. Read More:…
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UK broadcaster BBC has decided to cancel a documentary and an accompanying article on crypto trader Hanad Hassan following the emergence of allegations suggesting the Birmingham resident could be running a scam…. Read More: BBC Scraps Show About Millionaire Crypto Trader Over Scam Allegations Read more »Pay, Trade, Buy Bitcoin with Credit Card
The Aussie businessman said that Facebook’s failure to remove the fraudulent ads featuring him and dozens of other high profile celebs was “criminally reckless.” Australian billionaire Andrew “Twiggy” Forrest is taking Facebook to court over scammy cryptocurrency ads that he alleges used his name to defraud victims. The Fortescue Metals chairman is accusing Facebook of…
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“Yeah, I could give the money back. It is within my power, but I’m gonna look out for myself and not do that,” said Ice Poseidon when confronted in a video interview. On Wednesday, American Youtuber and “internet detective” Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul “Ice Poseidon” Denino. During the…
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Victims of the alleged V Global crypto exchange scam have demanded “maximum sentences” for executives of the trading platform ahead of their trials. Fourteen executives, including the V Global CEO, are set to stand trial at a branch of the Suwon District Court next month, although the investors’ group says that 40 other officials…
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A virtual trap to lure attackers so that you can improve security policies is what honeypot aims for! What is a crypto honeypot and why is it used? Smart contracts programs across a decentralized network of nodes can be executed on modern blockchains like Ethereum. Smart contracts are becoming more popular and valuable, making them…
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The exploited nonfungible token project is looking to make things right before the holidays with the help of a compensation fund. On Tuesday, Solana nonfungible token (NFT) project Monkey Kingdom, which has received notable backing from American DJ Steve Aoki, announced via Twitter that hackers made off with $1.3 million of the community’s crypto funds…
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Scams continue to generate the largest stream of cryptocurrency-based crime by transaction volume, with more than USD 7.7bn worth of crypto stolen from victims across the world so far this year, according to a recent report by blockchain analysis company Chainalysis…. Read More: Scammers Stole USD 7.7B in Crypto in 2021 Amid Rug Pull Surge –…
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