Cryptocurrency News
A cunning crypto scammer, @Ape_31, has been wreaking havoc on unsuspecting X users, swindling over $650,000 from 250+ victims in just one year. This deceitful operator employs fake PNL screenshots from a Bybit demo account and runs a news account to lure victims into paid services. @Ape_31’s Modus Operandi: – […]
A recent vulnerability in the Bedrock DeFi smart contract led to the loss of approximately $1.7 million, adding to the growing list of crypto exploits in 2024. The issue stemmed from a flaw in the contract’s mint function, which mistakenly cast staked Ethereum (ETH) into the same quantity of uniBTC, […]
The Indian cryptocurrency exchange WazirX has reportedly suffered a major security breach, with its multisig wallet suspected to be compromised. Over 200 tokens were stolen, resulting in a total loss of approximately $231 million. 🚨The multisig wallet of Indian exchange #WazirX is suspected to be compromised. More than 200 tokens […]
A report from Cyver Alert revealed a phishing attack that occurred over a year ago, resulting in the loss of nearly $32 million in staked Ethereum (stETH). The victim had fallen prey to a malicious contract, leading to the significant theft. On July 6th, the attacker unexpectedly reached out with […]
A recent report from Beosin has shed light on the state of Web3 security, revealing significant losses in the first half of 2024. According to the “2024 H1 Global Web3 Security Report, AML Analysis & Crypto Regulatory Landscape,” the total losses in Web3 reached a staggering $1.54 billion. 🎉Beosin is […]
A shocking incident has emerged in the cryptocurrency community, with a trader reportedly falling victim to a phishing attack resulting in a staggering loss of $71 million. The unfortunate sequence of events unfolded when the trader, in a routine transaction, created a new address labeled “0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91” and transferred 0.05 $ETH […]
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 […]