DeFi platforms have grown in popularity in recent years. These losses include direct financial losses to Dapps and token holders. According to a recent study by Elliptic, the worldwide leader in crypto asset risk management, billions of dollars have been stolen through decentralized finance (DeFi) protocols. According to Elliptic’s report
Every one of them raked in millions of shekels. Hogeg is also suspected of sexual offenses. On Thursday, Israel’s police nabbed eight persons heavily suspected of involvement in a cryptocurrency fraud conspiracy. During searches on the houses and offices of the accused, officers from the anti-corruption Lahav 433 unit of
An unwary person searching for “phantom”, sent to a phishing website. They noticed the frauds after hearing from crypto users on Reddit and other sites. The crypto world is dangerous, with crooks waiting for newcomers. Furthermore, a recent report from Check Point Research outlines a powerful attack method: utilizing Google
South Korea’s popular series Squid Game launched a crypto token $SQUID. Squid game’s high popularity $SQUID hitted a peak within a week. Anonymous scammers cheated the investors in millions. Gaming Industry is now growing mature in the market attracting a lot of gamers during the season of pandemic. Besides, many
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
It doesn’t take long to realize that the new digital money known as cryptocurrency carries danger. And we’re not talking about market volatility. Scams abound online, including bitcoin exchanges. Furthermore, be mindful of the risk of losing your crypto assets while investing in startups and exchange platforms. Experts advise confirming
Crypto scamming is the recent talk of the town which targets a large number of users and finds ways to rob the life savings of people. Notably, Crypto frauds have taken a quantum leap in recent months. Importantly, the Hong Kong Authorities caught 19 international frauds involved in a major
British Authorities caught all the international crypto scammers, seizing around $22.25 million. In between the detectives found a USB stick which was very evident among the other items. After the research the UK police found the USB stick contains a huge amount of Ethereum worth $9.5 million. Besides, the police
SEC shutters the Mother-Son duo for Crypto scam. Promised to generate most of the earnings from Bitcoin mining. Brent Kovar received nearly $353,000 of investors’ funds. Securities and Exchange Commission (SEC) has shuttered a scam that promised to generate most of the earnings from Bitcoin (BTC) mining and invest in
Money laundering is nothing new and in recent years money laundering through digital currencies has been the new trend. Accordingly, Hong Kong customs have arrested about 4 persons for money laundering through cryptocurrencies. Operation Coin Breaker A group of about four persons were arrested by the Hong Kong customs for
