Category: Scams

Discord Scammers Lure Users to Fake Exchange With Promise of Free Bitcoin

The scammers may be trying to collect a database of crypto users for sale on the dark web, said Kaspersky.

February 4, 2021
Crypto is booming — here are 5 ways to make sure you don’t get scammed

Crypto is booming. Since its creation in 2008, cryptocurrencies, other crypto assets, and blockchain technology have disrupted the way we think about money and decentralized systems. There’s been growing widespread adoption of the technologies, more investments poured into crypto projects, and increasing legitimization of the industry. Big companies have been incorporating crypto into their portfolios,…

January 28, 2021
FBI arrests 24-year-old crypto trader for commodities and wire fraud

The trader was both lying to investors and using an unregistered derivatives strategy on BitMEX.

January 26, 2021
Substack Newsletters Are Being Used to Spread Crypto Scams

Substack is being leveraged by scammers for its ease of use and reach.

January 25, 2021
Rapper HiiiKey confirms YouTube channel hack, fake crypto giveaway steals $70K

An American rapper’s YouTube channel has reportedly been hacked to promote a fake ETH and BTC giveaway live stream that seems to have over 56,000 viewers.

January 7, 2021
Alleged ‘kingpin’ of a 25M rupee Indian crypto scam arrested at Delhi airport

The man is said to have convinced people to invest in a 2017 scheme promising monthly returns of over 20%.

January 1, 2021
Roundup of crypto hacks, exploits and heists in 2020

2020 has been the year of DeFi, but not all has gone smoothly with the fledgling financial ecosystem.

December 26, 2020
Livecoin exchange goes offline after Bitcoin price reportedly exceeds $320K

Russian crypto exchange Livecoin claims that it has suffered a “carefully planned attack,” but some in the community suspect an exit scam.

December 25, 2020
Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers

An Indian law enforcement agency has arrested Naisar Kothari, a cryptocurrency trader, for his role in a money-laundering scheme linked to online Chinese betting scams. The arrest was made after the country’s Enforcement Directorate (ED) detected large amounts of money “being inexplicably transferred to some cryptocurrency traders.” In addition to Kothari’s arrest, the ED conducted…

December 14, 2020
In one day, a total of $1.2 million worth of Ethereum was stolen in three DeFi “rug pulls”

The past few days have marked a renaissance in altcoin trading: previously-unknown projects on Uniswap, the leading Ethereum decentralized exchange, have been rallying by thousands of percent. Even some larger names have gained hundreds of percent, somehow benefiting as Bitcoin and Ethereum have begun to falter. Some of these rallies have been predicated on true…

December 12, 2020