Cryptocurrency Scams News | Bitcoin Scams
15 records · page 1 of 2
Scammers in the crypto world employ various techniques to gain access to their victims’ Web3 wallets, with phishing attacks being among the most common. A phishing attack occurs when a scammer shares a malicious link with their target, directing them to a platform that could drain their crypto wallets. So, what should you do in
3 min read
Early Wednesday, hackers gained access to the Chinese X account of popular decentralized exchange (DEX) PancakeSwap and promoted a scam crypto token called “Mr. Pancake.” Luckily, the team behind the BNB Chain-based DEX detected the hacking incident early and warned the public through PancakeSwap’s English X account. At the time of writing this article, the
Andrew Richard2 min read
While crypto airdrops offer Web3 projects an effective way to gain users and publicity, not all are legitimate. Some are conducted by scammers who seek to drain their victims’ wallets. This article highlights six red flags to look out for to identify fake airdrops. Read on to learn more. Fake Airdrops Explained Before describing fake
Andrew Richard3 min read
Stew Peters, launches a crypto called JProof, a token that promotes antisemitic themes, lacks transparency, and is a channel for financial misconduct. JProof token doesn’t follow basic crypto project standards, hinting at fraud. JProof JProof is a new cryptocurrency under scrutiny not only for its questionable financial setup but also for its founder, Stew Peters.
Bradley NelsonUpdated 3 min read
The Darkweb threat actors intend to start selling this database soon. Gemini has launched an XRP cashback rewards program for its credit card users. Darkweb Threat actors, who claimed to have thousands of Gemini and Binance users’ records, including names, passwords, and location data, are putting up the lists for sale online. In a blog
Bradley Nelson3 min read
Learn about the actions to take if you fall victim to any crypto scam and the different forms of crypto scams. A crypto scam can take many forms, and they frequently take advantage of the intricacy of blockchain transactions and the absence of regulations. You need to be aware of the usual tactics used by
Bradley Nelson3 min read
A man from Guelph, Ontario, lost $188,000 to a crypto scam after being tricked by someone posing as a childhood friend. An Ontario man lost $188,000 when he tried to invest in cryptocurrency for the first time after being contacted by someone claiming to be his childhood friend. The crypto scam began in July of
Bradley Nelson3 min read
Although 2024 delivered significant wins for meme coin creators, ETF issuers, and Bitcoin holders, thousands of crypto users collectively lost over $2 billion to scammers and hackers. Furthermore, numerous failed celebrity-endorsed tokens brought investors massive losses. Here are some of the top winners and losers in crypto over the past 12 months. Winners Bitcoin Holders
Andrew Richard3 min read
Liquidity pools play an integral role in the decentralized finance (DeFi) sector, storing funds that enable traders to quickly swap tokens. However, not all liquidity pools are legitimate. Some are created by bad actors whose primary goal is to steal from crypto traders. Do you want to learn how to spot fake liquidity pools? Well,
Andrew Richard3 min read
US Prosecutors Charge Two NFT Scammers On Friday, two California-based men were charged with masterminding several NFT rug pulls that saw investors lose over $22 million. The US Justice Department said the NFT scheme was the largest it had ever prosecuted. The accused, Gavin Mayo and Gabriel Hay, were charged with conspiracy to commit wire
Andrew Richard2 min read
The bull market has renewed investors’ interest in cryptocurrencies as they hope to receive massive returns from their investments. Sensing the opportunity, several celebrities have created and promoted tokens with a promise of significant gains. However, not all tokens launched by celebrities have lived up to the hype. Some have performed poorly in recent weeks
Andrew Richard3 min read
Forcount Promoter to Serve a 20-Year Jail Term A New York-based federal court sentenced to jail Juan Tacuri on Wednesday. The man, who had been living in Florida, is expected to serve a 20-year jail term after being found guilty of promoting a global crypto Ponzi scheme, Forcount. Following the court’s ruling, the US Attorney’s
Andrew Richard2 min read
