Cryptocurrency News
In a recent development on the Solana blockchain, a trader reportedly generated an impressive profit of $63.4K with a mere investment of $4 in the MEMEcoin called $BALLZ. This trader spent 0.025 SOL, equivalent to $4, to acquire $BALLZ tokens and later sold them for 428.15 SOL, resulting in a […]
The scourge of cryptocurrency phishing scams continues to wreak havoc, with nearly 57,000 individuals falling victim to these fraudulent schemes in February alone. 🚨 [1/6] ScamSniffer's February Phishing ReportIn February, about 57,000 victims lost approximately $47 million to crypto phishing scams.Compared to January, the number of victims who lost over […]
Elon Musk’s Grok AI bot-inspired memecoin $GROK has turned into the focal point of a crypto controversy, shaking the cryptocurrency community as questions about its realness come up. Zachxbt raised concerns on X (formerly Twitter) on November 13, suggesting that Grok’s online presence may be a façade with assets repurposed […]
Cryptocurrency, with its potential for high rewards and innovation, has also become a breeding ground for scams and fraudulent schemes. To protect your investments and navigate the crypto space safely, it’s crucial to learn how to spot these red flags and avoid falling victim to scams. Promises of Unrealistic Returns […]
Cryptocurrency, with its decentralized nature and pseudo-anonymity, does have the potential to be exploited for illegal activities such as tax evasion, terrorist funding, fraud, and ransomware attacks. However, it is important to note that the majority of cryptocurrency users engage in legitimate activities, and traditional financial systems are also used […]
The world of cryptocurrency offers immense opportunities for investors and enthusiasts. However, it also attracts its fair share of fraudulent schemes and projects aiming to deceive unsuspecting individuals. One common type of scam is known as a “rug pull”, whereby a cryptocurrency or NFT developer hypes the project to draw […]
In recent years, cryptocurrencies have significantly increased in popularity, disrupting the financial industry. The quick development of the cryptocurrency industry has, however, also drawn bad actors looking to commit fraud and cyberattacks. Innovative approaches are emerging to address these issues, and one particularly intriguing one is the incorporation of Artificial […]
Wallet scam or hack is a growing thing in the crypto space in recent months. Several techniques can be used to stop situations like the recent theft of over $35 million in cryptocurrency from Atomic Wallet. The protection of users’ funds can be considerably improved by using strong security techniques […]
The success of OneCoin has been well-documented over the years. Many people wonder how this known Ponzi Scheme has remained successful for so long. As it turns out, several factors have contributed to the ongoing success. The Web of Lies Surrounding OneCoin One of the more controversial findings is how […]
The number of cryptocurrency scams in existence remains very problematic. It seems unlikely that this situation will improve in the near future. When looking on YouTube for crypto videos, it is especially advised to be extremely cautious these days. Another Fake Bitcoin YouTube Livestream Appears There have been a fair […]
There is yet another development in the ongoing OneCoin saga. It now appears the main website has been taken offline, although it remains unclear how long the situation will last. The OneCoin Ponzi Scheme has made thousands of headlines over the years. The end is Nigh for OneCoin in Europe […]
Cryptocurrency scammers are exploring new ventures. For some, the focus has seemingly shifted to YouTube. This new method of attack has proven to be rather lucrative so far. A lot of harm can be done by creating fake video content. Whereas the recent Litecoin YouTube scam got some attention, it […]
In the cryptocurrency industry, there are many different projects worth keeping an eye on. It also appears there may be a lot more stablecoins to be launched in the near future. Whether or not MUSD will be part of that equation, is difficult to predict. While it has an official […]
The association between Bitcoin and criminal activity cannot be ignored. Criminals favor cryptocurrency due to its wrongfully perceived anonymity. Thankfully, numerous services try to address that situation. BitcoinAbuse is a very intriguing and noteworthy service in this regard. Although it largely depends on community participation, no stone should be left […]
New technologies are often both a blessing and a curse. Artificial intelligence is shaping up to be no different in that regard. Criminals are now using AI and voice technology for monetary purposes. The rise of voice fraud should not be underestimated, as it can hit any company around the […]
Criminals are still drawn to Bitcoin. The world’s leading cryptocurrency lacks anonymity and privacy. Even so, it is often used as a tool to hide monetary transactions. The first six months of 2019 have been rather telling in this regard. Over $4bn worth of Bitcoin has been stolen from investors […]
Cryptocurrency scams have always been successful ever since this industry was created. Even in 2019, there are multiple successful scams which cost people a lot of good money. In Israel, one scammer successfully stole $1.7m spanning various cryptocurrencies by primarily targeting users in Western Europe. The Israeli Crypto Scammer It […]
Over the past few years, a fair few things have changed in the cryptocurrency industry. Currencies have come and gone, as have projects, blockchains, and noteworthy figures. One trend which will always remain is the cryptocurrency scam, in many different shapes and forms. One might start to wonder why such […]