British fraudsters Anthony Ikenwe, Kevin Nwamma, and Hamza Bashir breached the blockchain security measures using human vulnerability. According to The National News, criminals impersonated the identity of police officers to scam eight victims of over £4 million in crypto. Through cold-calling of their victims, these fraudsters convinced them about an
The United Kingdom has recently sanctioned Xinbi, which is a marketplace for various cryptocurrencies. Authorities have associated the marketplace with various scam activities in Southeast Asia. The country has taken action against the marketplace for facilitating fraud networks. It was through transactions involving stolen data, money laundering, and scam services.
ZachXBT has shown that there has been a coordinated attack on crypto users across the globe using narratives around the war between Iran. He has shown that there are phishing attacks that are using breaking news to conduct crypto scams. The attackers are using breaking news to conduct crypto scams.
Security researchers observed attackers mailing fraudulent letters to owners of Trezor and Ledger devices. The mailed letters appear to reference the recipient’s crypto wallet and urge action related to their seed phrase. Attackers designed the letters to look legitimate with custom details inside printed envelopes. Recipients often receive the mail
Federal authorities have issued an urgent warning about sophisticated deepfake scams targeting high-profile individuals across the government and cryptocurrency sectors. The FBI reported yesterday that hackers are employing artificial intelligence to impersonate senior U.S. officials in an elaborate phishing campaign that began in April. Government Officials and Crypto Founders Under
The security of Ledger hardware wallet users has come under threat because scammers are now sending deceptive mail letters demanding users disclose their vital seed phrases. The fake official documents in which Ledger’s name appears try to obtain users’ digital asset keys by pretending to require security updates. Phishing Goes
As the cryptocurrency market is expanding and presents new financial prospects, it is tragically also a tool utilized in plenty of scams and frauds. Scams are nothing new; they are always the same kind of deception which individuals come across, but in different forms. Because scammers are often changing their
Truth Terminal founder Andy Ayrey faced a major security breach on his X account. The hacker used Ayrey’s account to promote a fraudulent token, raking in over $600,000 before investors realized the scam. The token, named Infinite Backrooms (IB), quickly amassed hype and briefly reached a market cap of $25
Arbitrum’s upcoming ARB token airdrop appears to become a popular target for scammers. The community warns hundreds of Phishing scams targeted at tricking crypto users. On March 16, a post by Arbitrum’s official stated that the Airdrop will send out 10 billion governance tokens via token airdrop. It allows the
OpenSea issued a warning that hackers may attempt to email customers. In February, OpenSea suffered a massive hack of NFTs. A third party stole the collection of email addresses related to OpenSea customers via Customer.io, a platform for managing email newsletters and campaigns. Opensea is the world’s most prominent NFT
