U.S. investment losses in 2023 were mostly attributable to crypto-related investment fraud, according to the Federal Bureau of Investigation (FBI). Investment losses associated with cryptocurrency jumped 53% from $2.57 billion in 2022 to about $3.94 billion in 2023, according to a new report from the FBI. At the same time,
Cuscal, the third-party payments provider for Binance Australia, suggested that the decision to discontinue its services influenced by concerns over scams and fraud. That is associates with activities such as account fraud, ID takeover, and cryptocurrency transactions. In a sudden move, Binance Australia declared on May 18 that its Australian
Cryptocurrencies are regularly targeted by scammers and hackers due to their rising popularity. For instance, $3.5 billion in cryptocurrency was stolen in 2022 alone. That number could be way higher because not everyone reported they were victims of scammers. But does this mean you should stop being interested in cryptocurrency?
The Senators’ letter specifically called out Meta sites as prime targets for fraudsters. The Senators also expressed their worry that Meta is not doing enough. As the parent company of Facebook, Meta, expands into the metaverse, numerous senators in the United States have requested Facebook CEO Mark Zuckerberg to demonstrate
Nowadays, the NFT sector is continuously facing threats from cyber attackers, more NFT platforms and communities are being the victim of attacks from them. The NFT influencer Zeneca is the new victim of scammers. Zeneca’s Twitter account was hacked and a phony airdrop was advertised on the NFT influencer Twitter
One Australian victim lost $952,000 AUD after falling for the hoax. Meta might face penalties and be forced to modify the way it advertises. Billionaire Andrew Forrest of Australia has filed a lawsuit against Meta for allegedly defrauding people using his identity in fraudulent cryptocurrency adverts. He claims that Meta
The “seizure of multiple Binance P2P-linked bank accounts” sent a shockwave through the Indian crypto community as the country stepped forward to secure the people from scams and fraudulent activities using P2P UPI transactions, following the Rs. 2 lakh (around $2420) fund scam, which is circulated in the chain. The
New York, United States, 14th June, 2022, Chainwire Crypto scams and corruption have persisted for years, affecting many in their wake. Crypto Leaks launched to defend honest crypto communities by exposing big money corruption, attacks and scams. The project’s first two cases uncover the events behind the mysterious price
Crypto scammers hijack famous YouTube channels Channels are rebranded to Crypto exchange firms Large users has been cheated according to Google’s Threat Analysis report Investing in cryptocurrency is a very challenging deal and the highest scope of risk for the users is getting scammed. Phishing scams are rising as the
Valentine’s Day, a day to celebrate relationships and love, is here. Romance is in the air, but con artists who prey on your money instead of your heart are never too far away. Finding our soul mate has become a whole new experience thanks to the internet age. To start
