Key Insights: Justin Bons warns Tether’s lack of audits may pose risks to the entire crypto market. Tether faces scrutiny over missing audits, possible mismanagement, and alleged criminal associations, says Justin Bons….
Category: Scam
Crypto Exchange Halts Withdrawals for Elderly to Prevent Scams
Key Insights: Independent Reserve monitors elderly users’ transactions, contacting them directly to prevent potential crypto scams. Crypto scams target all age groups, with younger users also at high risk, especially in the…
Hot Crypto Stories on X – Celebrities Launch Multiple Meme Coins
It looks like we are back in the days when celebrities capitalized on their huge following to launch digital tokens. Over the past seven days, several well-known individuals have announced their entry…
Meet the Crypto Influencer Who Claims He Deployed Caitlyn Jenner’s Solana-based Meme Coin
Caitlyn Jenner, an Olympic gold medal winner, seems to have rolled out a meme coin via the pump.fun platform. The news broke Monday afternoon, causing massive excitement among crypto fanatics on X,…
SEC Charges HyperVerse’s $1.7 billion ‘Ponzi’ Masterminds
A newly filed SEC complaint shows that at one point, the supposed ‘Ponzi’ scheme engaged an actor living in Thailand to act as the chief executive officer when it was unveiled in…
Estonian Government to Extradite HashFlare Masterminds
The Estonian government announced that it satisfied the conditions stipulated by the Court for extradition of the masterminds behind the HashFlare Ponzi scheme. Estonian pair Ivan Turogin and Sergei Potapenko are due…
Chainalysis Report: Revenue From Crypto Crime Declined by 54% in 2023
Chainalysis’ Latest Report The amount of cryptocurrency stolen by scammers in 2023 dropped significantly compared to the previous year, according to a recent report released by Chainalysis. The blockchain analytics company revealed…
Ex-IcomTech Chief to Serve Five-Year Sentence for Wire Fraud
Judge Jennifer Rochon instructed Marco Ochoa to surrender $914,000 and present himself to authorities by March 19. Marco Ochoa, the ex-chief executive officer of IcomTech, a crypto mining company, has gotten a…
Blockchain Security Firms Warn of Crypto Exploits Using More Persuasive AI Scams in 2024
Blockchain security firms alerted crypto investors to mind sophisticated phishing scams that exploiters could deploy in 2024. Security experts from various firms warn that crypto thieves will likely deploy more persuasive scams…
Single Phishing Link Unleashes Havoc in the Crypto Industry
In its Thursday evening statement, Ledger revealed how the attack unfolded when its former staff suffered a phishing attack. The crypto wallet developer Ledger admitted the exploit in a warning to the…
Inferno Drainer Ceases Operations After Facilitating $70M Crypto Theft
The scam-as-a-service wallet drainer indicated in a surprising message that its users would remember the platform as the best to exist. Inferno Drainer, a famous crypto wallet-draining kit for hire, claims it…