Scams
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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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Crypto ransomware revenue drops 35% to $813 million in 2024 amid tougher crackdowns and victim resistance
The crypto industry saw ransomware payments decline by 35% in 2024, falling to $813 million from the previous year’s $1.25…
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Coinbase users reportedly lose over $300M yearly via social engineering scams
On-chain investigator ZachXBT recently shared data revealing that Coinbase users lose more than $300 million annually due to social engineering…
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Scammers hijack Visa, Dean Norris social media accounts to promote fake Solana tokens
Over the weekend, hackers targeted the social media accounts of Visa and Hollywood actor Dean Norris to promote fraudulent crypto…
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