Crypto Exchange Recovery Initiatives: WazirX and CoinSwitch Take Charge
By: Antonio Smith / January 17, 2025
Crypto Exchange Recovery Initiatives: WazirX and CoinSwitch Take Charge What is the Singapore Scheme of Arrangement and its significance for crypto exchanges? The Singapore Scheme of Arrangement is a court-approved method that enables companies to restructure their debts and obligations. It is detailed under Section 210 of the Companies Act 1967 and offers a way […]
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Guarding Against Online Fraud
By: Antonio Smith / January 13, 2025
Guarding Against Online Fraud: Understanding the Vulnerabilities of Older Adults Introduction Imagine a scenario where your beloved grandparent gets tricked into revealing personal information to a con artist online. This unsettling reality is becoming all too common as older individuals increasingly navigate the digital landscape. Understanding the complexities of why they fall victim can arm […]
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How to Recognize Fake Recovery Companies and Protect Yourself
By: Amit Kmir / January 10, 2025
In an increasingly digital world, fraudulent recovery companies have become a prevalent issue, exploiting individuals who have already suffered financial losses. These scams target people looking to recover lost funds from investment fraud, online scams, or other fraudulent activities. Recognizing the signs of fake recovery companies and understanding how to respond can save you from […]
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How OnlineScamReport.com Reimbursed Over $15,000,000 to Victims of Financial Fraud in 2024
By: Antonio Smith / October 30, 2024
How OnlineScamReport.com Reimbursed Over $15,000,000 to Victims of Financial Fraud in 2024 In 2024, the rising tide of online scams continued to impact countless individuals worldwide. Scammers exploited cryptocurrencies, forex trading platforms, fake investment schemes, and phishing attacks, causing significant financial losses and emotional distress. However, amid this challenging environment, OnlineScamReport.com has emerged as a […]
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Crypto Criminals Are Now Targeting Centralized Exchanges
By: Antonio Smith / August 18, 2024
Crypto Criminals Are Now Targeting Centralized Exchanges There is a renewed interest in centralize crypto exchanges as cyber criminals are applying for jobs there, according to Chainalysis. Photo by Martin Podsiad / Unsplash It is a good year for cybercriminals so far, having stolen more than $1.58 billion from the start of the year until […]
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WazirX Faces $230M Hack: North Korean Involvement Suspected, Blames Liminal
By: Admin / July 19, 2024
WazirX Faces $230M Hack: North Korean Involvement Suspected, Blames Liminal In a shocking turn of events, WazirX, once one of India’s most prominent cryptocurrency exchanges, has found itself embroiled in yet another major controversy. The platform recently fell victim to a staggering $230 million hack, which has sent shockwaves through the crypto community. To add […]
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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 […]
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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 […]
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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 […]
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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 […]
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