Scams
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FBI reports $9.3 billion in US targeted crypto scams as elderly hit hardest
The US Federal Bureau of Investigation (FBI) has reported a significant spike in cybercrime activity, with total losses across the…
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XRP Ledger developer kit compromised with backdoor to steal wallet private keys
Aikido Security disclosed a vulnerability in the XRP Ledger’s (XRPL) official JavaScript SDK, revealing that multiple compromised versions of the…
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Phishing scammers now exploiting Google’s infrastructure to target crypto users
Phishing scams targeting crypto users have become more advanced, with attackers abusing Google’s infrastructure to conduct highly convincing attacks. On…
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Nigerian investors blindsided by massive CBEX Ponzi scheme
Thousands of Nigerians have lost millions to a fraudulent digital asset trading platform, CBEX, which operated as a Ponzi scheme.…
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Coinbase users lose $46 million to social engineering scams in March
Coinbase users are again in the spotlight after losing more than $46 million to social engineering scams this month alone,…
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How centralized power hijacks Web3’s future
The following is a guest post by Tim Delhaes, CEO & Co-founder of Grindery. The mood in crypto has shifted.…
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Safemoon executive pleads guilty in $200M fraud case as project pivots to memecoin strategy
Former Safemoon Chief Technology Officer (CTO) Thomas Smith has pleaded guilty to charges related to a $200 million fraud scheme…
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Rising ‘share-seed-phrase’ scam targets crypto holders, Binance CEO warns
Binance CEO Richard Teng has warned the crypto community about a rising scam called “share-seed-phrase.” In a Feb. 18 post…
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Crypto scammers net over $9B in 2024 as AI supercharges fraud
Malicious actors stole roughly $9.9 billion from the crypto ecosystem last year — the lowest amount since 2021, according to…
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FBI initiative saves thousands from crypto scams, recovers $285 million
The FBI’s initiative to counter crypto investment fraud has helped thousands of victims avoid losing millions of dollars since its…
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