The FBI has published a PSA alerting consumers against non-fungible token (NFT) scams in which fraudsters pretend to be the creators of well-known projects. It was noted that the criminals hijack the accounts of NFT developers and undergo digital theft activities by draining the victim’s wallet. Also, an alert number
According to reports, numerous prominent Crypto Twitter users have already issued warnings regarding the presence of imposter accounts on Meta’s new microblogging app, Threads. Threads, which introduced on July 5, has witnessed a surge in registrations, with the number of sign-ups exceeding 98 million in the days that followed. Nevertheless,
Multiple Twitter accounts belonging to key figures in the cryptocurrency industry have fallen victim to a group of scammers. By leveraging the compromised accounts, these scammers have propagated phishing scams, resulting in the theft of approximately $1 million in crypto funds. Over the past few weeks we have seen 8+
According to Scam Sniffer, a Web3 scam detection firm, there are reports of a recently surfaced scam as a service named “Inferno Drainer” that has allegedly managed to abscond with approximately $6 million from unsuspecting cryptocurrency users. Inferno Drainer purportedly offers pre-made code to scammers, enabling them to pilfer cryptocurrencies,
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
