Category: Scams

Smart contract standards: Making DeFi transactions on Ethereum more secure

A new working group aims to create standards that will ensure secure Ethereum smart contracts are used by businesses and DeFi projects.

November 20, 2020
Fake Uniswap app on Google Play Store has already lost one user $20,000

The fraudulent mobile app has already received over 100 downloads.

November 20, 2020
U.S. regulators crackdown on 15 Bitcoin and forex scammers in “sweeping action”

Texan regulators filed charges against 15 illicit investment platforms advertising false crypto, forex, and binary options investments, as per a Texas State Securities Board (TSSB) release shared with CryptoSlate. A total of three cease and desist orders against separate entities were issued. Securities Commissioner Travis J. Iles announced a series of enforcement actions as part…

November 20, 2020
Texas Financial Regulators Crack Down on 15 Alleged Crypto Scams

Many of the alleged crypto scams had a common tactic: savvy social media posts to draw victims in.

November 19, 2020
Hackers, Scammers Have Stolen $7.6B in Crypto Since 2011

Billions of dollars have been stolen through exchange hacks and scams, according to a new report from blockchain analytics firm Crystal Blockchain.

November 11, 2020
1.1m XRP stolen in phishing scam on crypto wallet Ledger lookalike

Crypto scams and attacks are on the rise once again as the broader sector breaks out of a nearly three-year-long bear market. The process is usually as follows: Scammers target sites like YouTube, Twitter, and Google searches to trap unsuspecting users and create either fake advertisements — such as alluring giveaways — or even create…

November 9, 2020
FTC Sending More Than $470K to People Duped by My7Network, ‘Bitcoin Funding Team’ Scams

The FTC is sending PayPal payments totaling more than $470,000 to people who lost money to two pyramid schemes involving cryptocurrencies.

November 4, 2020
Binance Recovers $344K From Scam DeFi Project Launched on Its Platform

Having raised the funds at launch on Binance Smart Chain in October, the operator fled with users’ cryptocurrency “within an hour,” Binance said.

November 4, 2020
Two multi-million dollar Ethereum DeFi project forks just “rug pulled” their investors

While the average DeFi coin is down massively since the summer highs, there have been projects launching that have caught the attention of many crypto investors, resulting in millions of dollars worth of capital raised. Two such coins are Keep3r Network’s KPR and CORE. The former is a coin launched by the founder of Yearn.finance…

November 1, 2020
Bitcoin allure has darknet markets jumping to record highs (and scams)

Darknet marketplaces and their operators have been the focus of authorities since the last decade. But the rise of cryptocurrencies has seemingly borne well for such illicit online shops, with a recent CipherTrace report stating they have hit record highs (both number of shops and scams) in the past year. Crypto rise buoys darknet markets…

October 27, 2020