Tag: Scams

How USDT Fueled $11 Billion Cyber Scams

Elliptic researchers highlighted the involvement of Tether’s USDT stablecoin in billions’ worth of illicit trades on the Huione Guarantee marketplace. Different merchants manage a...

Deepfake Crypto Scams Cause $79.1 Billion Loss in 2 Years

Bitget Research’s recent report highlighted a dramatic rise in scams featuring deepfake technology. According to their data, malicious technology use jumped 245% in...

Tether Freezes $5.2 Million in USDT to Combat Phishing Scams

Tether has taken a decisive stance against cybercrime. It recently froze $5.2 million in USDT linked to online scams. This move shows Tether’s commitment...

Why 91% of Coinbase’s Base Meme Coins Could Be Scams

A staggering 91% of meme coins on Coinbase’s Base platform have been found to have security vulnerabilities, putting users at risk of significant...

This is Why 50% of Solana Presale Tokens Were Scams

A recent study by cybersecurity firm Blockaid uncovered that a staggering 50% of presale tokens launched on the Solana blockchain between November 2023...

How This Airdrop Token Dipped 26% Amidst Rising Scams

Amidst the cryptocurrency market downturn, the Wormhole token plummeted by about 26% from its peak. This decline followed the much-anticipated airdrop event, which...

Base L2 chain sees 1,880% surge in scams for Q1 2024, $3.3 million losses in March

Share this article Ethereum layer-2 chain Base has witnessed an alarming 1,900% increase in cryptocurrency funds stolen through phishing scams in March compared to...

$47 Million Lost to These Crypto Scams in February

February witnessed a staggering surge in personal crypto scams, with around 57,000 individuals falling prey to them, resulting in a collective loss of...

The 85X Rise of Romance Crypto Scams

Romance scams prey on the lonely hearts and wallets of unsuspecting individuals. Chainalysis reported a staggering surge in such scams, where victims, driven...

Is OpenAI’s ‘Sora’ a Gateway to Crypto Scams? Unveiling AI Risks

Artificial intelligence firm OpenAI has unveiled its latest product, a text-to-video model called Sora. However, advances in AI have been more fuel for...

Beware of These Crypto Scams if You Use Apple’s App Store

The Apple App Store has become an unexpected battleground for user security amidst rising crypto scams. Recent disclosures from leading cybersecurity institutions and...

These Are the Top 5 Crypto Scams to Avoid in 2024

As the calendar turns to 2024, the crypto market faces increased threats from cybercriminals. Indeed, hackers have been employing more sophisticated methods to...

These 3 Telegram Channels Are Promoting Crypto Scams

Web3 security firm CertiK has unveiled a sophisticated scam operation across multiple Telegram channels, causing substantial financial losses and undermining trust in crypto...

Crypto Hacks and Scams Fall in 2023 as Fund Recovery Increases

The number of crypto industry hacks, scams, and exploits decreased in 2023 compared to the previous year, according to blockchain security firm PeckShield....

This Is How AI Misinformation and Deepfake Scams Affect Crypto

The crypto industry faces a new wave of sophisticated scams, propelled by the misuse of artificial intelligence (AI) and deepfake technology. MicroStrategy CEO...