Blog Articles

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 […]

Fraud, scams targeting elderly: How to protect yourself

By: Khan Sajid / June 18, 2024

Fraud, scams targeting elderly: How to protect yourself The U.S. Attorney for the Northern District of Georgia is warning of the rising number of elder fraud scams. Georgia has some of the highest numbers of elder fraud out of all 50 states. At a seminar for elder abuse prevention, around 200 senior citizens gathered at […]

US’ CISA Cautions Crypto Users of Federal Impersonation Scams

By: Antonio Smith / June 17, 2024

The Cybersecurity and Infrastructure Security Agency (CISA) has warned crypto users in the US about rising cases of impersonation scams, in which scammers impersonate federal officers to extort users. This new wave of scams adds to the lengths scammers go to part users from their crypto. The CISA alerted users, stating, “Impersonation scams are on the rise and […]

Gemini Settles for $50 Million for Lawsuit Over Its Earn Program

By: Khan Sajid / June 17, 2024

Gemini has entered into a $50 million settlement with the New York Attorney General’s Office as part of an agreement to offer restitution to its defrauded users who were unable to reclaim their assets deposited into the Gemini Earn program. This settlement brings the lawsuit from October 2023 to a satisfactory conclusion. Letitia James, the […]

AFUE Prevention: Unmasking The Fraudulent Exchange Scams

By: Antonio Smith / June 16, 2024

The financial landscape has been completely transformed by cryptocurrencies, which present investors and enthusiasts with never-before-seen opportunities. However, this growing sector has also become a haven for scammers and fraudsters. The exchange scam, which takes advantage of weaknesses in cryptocurrency exchanges to target unusual users, is one of the most prevalent threats. This blog strives to give […]

Unmasking the Livaxxen.com Scam: A Detailed Review

By: Antonio Smith / June 14, 2024

Unmasking the Livaxxen.com Scam: A Detailed Review In the world of online investments, where opportunities for financial growth are often just a click away, the rise of fraudulent platforms has become a significant concern. Livaxxen.com is one such platform that has recently drawn the attention of unsuspecting investors. In this blog, we’ll dive deep into […]

Crypto Hacks Has Wiped $19B Since 2011: Crystal Intelligence

By: Khan Sajid / June 14, 2024

Crypto Hacks Has Wiped $19B Since 2011: Crystal Intelligence Key Takeaways: Crypto hacks have stolen $19 billion over 13 years 2022 was the deadliest year, with $4.2 billion stolen in 199 hacks. $579 million stolen in DeFi hacks during 2023-2024. A massive $19 billion worth of digital assets has been stolen through 785 reported crypto hacks and […]

Beware of Juhbzu.com: A Fraudulent Exchange Platform with Negative User Reviews

By: Antonio Smith / June 10, 2024

Beware of Juhbzu.com: A Fraudulent Exchange Platform with Negative User Reviews In the ever-evolving world of cryptocurrency, new platforms are constantly emerging, promising great returns and seamless trading experiences. However, not all of these platforms are trustworthy. One such platform that has recently garnered attention for all the wrong reasons is Juhbzu.com. This article delves […]

China’s vast cyber trafficking network dupes Americans using fake shops

By: Antonio Smith / June 9, 2024

China’s vast cyber trafficking network dupes Americans using fake shops An international investigation found there are nearly 23,000 fake Chinese online shops A Chinese network running countless fake online shops has scammed over 800,000 people in the U.S. and Europe, according to The Guardian. These shops dupe people into sharing card details and other sensitive personal data […]