To prevent fraud, the United Kingdom is planning to outlaw cold calling for financial items, such as insurance and cryptocurrencies. According to the National Crime Agency, fraud costs the nation approximately £7 billion ($8.7 billion) yearly. The UK offered 400 new jobs as a component of its new fraud strategy
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 Ethereum Denver conference website duplicated by cybercriminals, who used it to start a phishing scheme that culminated in the theft of almost $300,000 worth of Ethereum. Blockfence was able to recognize the fake website. And noticed that more than 2800 wallets hacked in the previous six months. The ETH
Crypto hacks and scams of recent times devised different strategies to sweep away users’ funds. This frenzy season of hacks is about to archive an unsolved scam. On Monday, a $4 million crypto hack linked to the Web3 metaverse game project Webaverse was revealed to the public on Twitter. a
According to reports, the Travel Control and Enforcement Unit (TCEU) of the Philippine Bureau of Immigration (BI) reported on Friday that it has rescued six suspected victims of a cryptocurrency trafficking ring. The passengers were about to board a Jetstar flight to Phnom Penh on January 15 when they approached
Popular Crypto Wallets MetaMask and Ledger have begun educating the crypto community about what “address poisoning” scams are. Bankruptcies, liquidity crashes, hacks, exploits, and scams created a horrendous scene in the crypto market. From rug pulls, ponzis to phishing and cache poisoning, scams of every kind have spiked lately, wiping
The cryptocurrency trader accused of fraud in a $110 million allegation scam at Mango Markets has been detained in Puerto Rico. The scammer behind the exploitation of the decentralized trading platform is also charged with market manipulation and fraud by the prosecutors in New York. Avraham Eisenberg allegedly manipulated the
The European Union criminal justice agency Eurojust engaged with Albanian and Italian law enforcement authorities to prevent online cryptocurrency investment scams. Also, the government reported that investment fraud was carried out by criminal organizations based in these countries. Law enforcement officials have shuttered a website scam advertising phony cryptocurrency investment
On Friday, the US Department of Justice (DOJ) stated that Karl Sebastian Greenwood, an associate of “Cryptoqueen” Ruja Ignatova and the co-founder of OneCoin, had pled guilty to federal counts of wire fraud and money laundering in connection with the OneCoin scandal. U.S. Attorney Damian Williams stated: “As a founder
Ankr, the blockchain-based decentralized finance (DeFi) protocol, has revealed that the platform has been targeted by a massive multi-million dollar exploit on Thursday. According to a recent tweet from Ankr, its “aBNB token has been exploited” and the platform is currently working with various exchanges to quickly suspend trade of
