Blog Articles

ETHTrustFund DAO Transfers $2M Treasury in Shocking Rug Pull

By: Antonio Smith / July 24, 2024

YEREVAN (CoinChapter.com) — ETHTrustFund (ETF), a Base network protocol similar to Olympus and Wonderland, transferred its entire $2 million treasury to new accounts on July 20. The funds were then laundered through Tornado Cash and Railgun mixer apps. After this, all websites and social media accounts linked to the project were deleted. Experts quickly labeled […]

Chainalysis Operation Spincaster Aims to Prevent Billions in Losses to Crypto Scams

By: Antonio Smith / July 23, 2024

Chainalysis Operation Spincaster Aims to Prevent Billions in Losses to Crypto Scams Approval phishing is an increasingly popular tactic used by criminals to steal funds through different scamming techniques such as fake crypto apps and romance scams (also known as pig butchering), according to an update from Chainalysis. With the approval phishing technique, the scammer tricks the user […]

U.S. files Civil Forfeiture Action to Recover Cryptocurrency Worth $2.5 Million for Victims of Pig Butchering Scheme

By: Antonio Smith / July 17, 2024

U.S. files Civil Forfeiture Action to Recover Cryptocurrency Worth $2.5 Million for Victims of Pig Butchering Scheme WASHINGTON –The U.S. Attorney’s Office for the District of Columbia filed a civil forfeiture action today to recover cryptocurrency seized by the FBI from perpetrators abroad. The cryptocurrency consists of proceeds from crypto confidence schemes, commonly referred to […]

Business Email Compromise: New Guidance to Protect Your Organisation

By: Antonio Smith / July 10, 2024

Business Email Compromise: New Guidance to Protect Your Organisation In an era where digital communication is the lifeblood of business operations, securing your email infrastructure is more crucial than ever. Business Email Compromise (BEC) remains one of the most insidious threats to organisations worldwide. With cybercriminals becoming increasingly sophisticated, understanding BEC and implementing robust protective […]

Recovering Lost Crypto Assets: A Comprehensive Guide

By: Antonio Smith / July 9, 2024

Recovering Lost Crypto Assets: A Comprehensive Guide In the fast-evolving world of cryptocurrency, the promise of financial freedom comes with its own set of challenges. One of the most daunting challenges crypto enthusiasts face is the loss of digital assets. Whether due to forgotten passwords, lost private keys, or phishing scams, losing access to your […]

CoinMaster Financial Scam Review

By: Antonio Smith / July 2, 2024

CoinMasster Financial Scam Review Overview CoinMasster, an online trading platform, has been flagged by multiple sources for engaging in fraudulent activities. It is crucial for potential investors to be aware of the warning signs and the complaints that have been lodged against this company. Key Issues and Complaints 1. Lack of Regulation: CoinMasster is not […]

Crypto scammers hijack major Australian news broadcaster’s YouTube

By: Khan Sajid / June 27, 2024

Crypto scammers hijack major Australian news broadcaster’s YouTube Australian broadcaster 7News’ YouTube channel livestreamed a crypto-touting deep fake Elon Musk, which garnered hundreds of thousands of views. The YouTube news channel of a major Australian broadcaster, the Seven Network, was hijacked by crypto scammers — showing videos of a deep fake Elon Musk talking about […]

CoinStats hit with a security breach affecting 1,590 wallets

By: Khan Sajid / June 23, 2024

CoinStats hit with a security breach affecting 1,590 wallets In this post: CoinStats faced a security breach affecting 1.3% of its iOS wallets, sending scam notifications. Users must urgently transfer funds using exported private keys to secure their assets. CoinStats is investigating and enhancing security measures to prevent future incidents. A recent security breach has […]

CRYPTO SCAMS ARE RAMPANT. THE INDUSTRY NEEDS REGULATION.

By: Khan Sajid / June 20, 2024

If any industry ever needed more oversight, it’s the crypto business. But the industry is trying to dodge regulation — with help from Congress. A recent bill passed by the House of Representatives claims to regulate the cryptocurrency industry and protect consumers. But the bill is a Trojan horse designed by an industry flush […]

Crypto Scam Resurgence Through AI and Social Media

By: Antonio Smith / June 19, 2024

Crypto Scam Resurgence Through AI and Social Media The crypto industry remains plagued by scam projects, rug pulls, and pump-and-dump schemes that defraud investors and detract credibility from honest projects. Between 2019 and 2024, investors have lost over $20B in crypto scams, primarily due to rug pulls (like OneCoin and Thodex’s combined $6.6B scam). The most worrying development is […]