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Search Results for: crypto scam

NFT Portals Becoming Easy Prey For Crypto Scams

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

July 20, 2022 2 mins read

ED Reveals New Figures In Morris Crypto Scam

ED has attached $140 million worth of assets to the Morris crypto scam case. Now the total assets attached to Morris’ cheating case are $507.2 million. The Morris coin cryptocurrency cheating case has an update from the Directorate of Enforcement (ED), around $140 million in assets were added to the

July 12, 2022 2 mins read

Social Media Accounts of British Army Hacked by Crypto Scammers

Hacking official accounts of prominent organizations or personalities is not a new way of scamming people across the globe. Twitter, Facebook, and YouTube accounts of the British Army were all compromised for almost four hours on Sunday by hackers advertising fake non-fungible token (NFT) collections and cryptocurrency scams. United Kingdom’s

July 4, 2022 2 mins read

Crypto Scammers’ Streamline Focus on Pride Month

FTC reports show the increase in the crypto scam targeting the LGBTQ+ community. The govt. agency warns to be aware while contacting unknown sources via the internet The June pride month has also influenced the crypto scammers. According to the report submitted by the Federal Trade Commission (FTC) at the

June 28, 2022 1 min read

Crypto Scammers Exploit Richard Branson’s Name

Crypto scammers using Richard Branson’s name to trap naive crypto investors. Virgin Galactic Holdings accepts bitcoin as a payment method. Richard Branson is a billionaire and founder of the Virgin Group, which owns over 400 companies. Since he has shown support for bitcoin Richard fed up with crypto scammers who

June 14, 2022 1 min read

Over $1 Billion Lost Since Start of 2021 as Crypto Scammers Find New Ways

Fraudsters also target customers by pretending to be a company or government. According to FTC data, many criminal organizations prefer to pay using cryptocurrencies. Federal Trade Commission data shows that over 46,000 consumers have been scammed out of over $1 billion in cryptocurrency since the start of 2021. There has

June 5, 2022 2 mins read

Aussie Billionaire Takes Meta to Court Over Crypto Scams

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

February 3, 2022 1 min read

British Man Loses $200K to Lady Love in Online Crypto Scam

Jia presented herself to him as having “inside information.” The lady urged Tom to keep investing in the shady software. A guy in the United Kingdom was apparently duped out of over $200,000 of his life savings by a lady he met online. After the hustle, the guy stated that

January 30, 2022 1 min read

Indian Authorities Seize Assets in $162M Morris Coin Crypto Scam

Scammers are on the rise as more Indians begin to trade in various coins. The scammers are accused of defrauding at least 900 people. According to a statement released Monday this week, the Indian Enforcement Directorate reportedly confiscated $4.9 million worth of assets from a businessman suspected of money laundering

January 13, 2022 1 min read