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 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 […]
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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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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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