Fri, September 27

Search Results for: crypto scam

Martin Shkreli’s New Token Drops 90%, Rug Pull Suspected

The price fell when a mysterious wallet dumped a large quantity of the cryptocurrency. Martin Shkreli Inu has been linked to the Web3 venture Druglike. The new cryptocurrency token created by Martin Shkreli looks to have been abandoned. The value of Martin Shkreli Inu, a cryptocurrency established last month by

August 13, 2022 2 mins read

Billionaire Mark Cuban Sued by Voyager Digital Investors

The duo has been accused of continuously exaggerating the capabilities of their service. Voyager Digital filed for chapter 11 bankruptcy in early July. Mark Cuban, the owner of the NBA’s Dallas Mavericks, is being sued by both Voyager Digital investors and Mavericks supporters. Moskowitz Law Firm has initiated the class

August 11, 2022 1 min read

Upbit Announces Committee Setup to Refund Terra Investors

Korbit made an estimated 27 million won in commissions at the end of the term. As of May 30th, the refund fee amounted to almost $9.5 billion won by Upbit. The whole Terra ecosystem crashed in May, making it a very terrible month. Upbit, the leading virtual asset exchange in

August 11, 2022 2 mins read

WazirX Stuck in Tough Tides Between Regulators’ Scrutiny and Binance’s Ignorance

WazirX uses an auto-matching P2P (peer-to-peer) engine. More than 450 crypto trading pairings are available on the WazirX app. WazirX is an India-based most trusted and secured cryptocurrency exchange, it has headquarters in Mumbai and was launched in 2018. The exchange uses an auto-matching P2P (peer-to-peer) engine, the P2P engine

August 8, 2022 3 mins read

Has North Korean-Based Hacking Group Found a New Victim?

Scammers attempted to attack DeBridge Finance, thought to be Lazarus Group. Recently, the Lazarus Group attacked Axie Infinity’s Ronin Bridge, wor.th $622M. According to the latest tweet thread from Alex Smirnov, the co-founder of Cross-Chain Interoperability Protocol, DeBridge Finance, his firm had been the victim of an attempted cyberattack, probably

August 6, 2022 2 mins read

Will Regulation Navigate DeFi and NFTs To Go Mainstream?

As per popular predictions, the NFT sector would attain $210 billion by 2030. Overall TVL of the DeFi sector is under $90 billion, at press time. Last week, the prominent experts in the crypto and blockchain industry across the globe gathered on the panel of AIBC Americas Summit 2022, a

July 27, 2022 2 mins read

TBIS CEO Michael Stollery Pleads Guilty to 2018 Fraudulent ICO

As per DOJ, Stollery failed to properly register TBIS’s offering. It is anticipated that he will be sentenced on November 18, 2022. Titanium Blockchain Infrastructure Services (TBIS) CEO Michael Stollery has pled guilty to his participation in a scam that brought in $21 million via a false initial coin offering

July 26, 2022 2 mins read

FCA Warns UK Investors About Risky Clone Firms

zfxtrade.com is accused of using the FCA-authorized firm’s legitimate details.  As per FCA, the website defrauds people in the United Kingdom. On Monday, the UK’s Financial Conduct Authority (FCA) released a cautionary notice about a clone firm for impersonating the financial trading platform, Zenfinex Group. The authority claims that the

July 26, 2022 2 mins read

 Tim Sweeny’s Epic Games Won’t Ban NFTS

NFTs will be allowed in the Epic Game store. By the end of 2021,Epic Games store had over 194 million users. Tim Sweeney, the founder, and CEO of Epic Games asserts that his company certainly won’t follow Minecraft’s creators in outlawing Non-Fungible Tokens (NFT). On July 21, Tim Sweeney posted

July 22, 2022 2 mins read

Hackers Exploit ‘Premint’ NFT Registration Platform Stealing 320 NFTs

Hackers made more than $400,000 in profit by selling stolen NFTs. Hackers used malicious JavaScript code to infiltrate the Premint website. In one of the largest thefts of the year, hackers broke into Premint, a popular NFT registration platform, on Sunday and made off with 320 stolen NFTs and made

July 19, 2022 1 min read