A recent Senate hearing featured a cybersecurity professional who openly backed Massachusetts Senator Elizabeth Warren’s proposed Digital Asset Anti-Money Laundering Act. As the mover of the bill, Senator Warren has iterated the…
Category: Scam
Scammers Steal Nearly $800K in Crypto Via Fraudulent Ledger App
Over the weekend, several crypto users fell victim to a crypto scam after downloading a fake Ledger cryptocurrency wallet management app from Microsoft’s App Store. According to ZachXBT, the affected users collectively…
Hot Crypto Topics on X – Here is How Scammers are Using AI to Rob People
Cryptocurrencies have been rallying over the last seven days as hopes of a Bitcoin Spot Exchange-Traded Fund (ETF) in the United States continue to rise. Crypto investors became more optimistic about the…
Web3 Security Startup Blockcaid Secures $33M Funding
The web3-based security firm Blockaid successfully concluded seed and series A rounds. The security firm established by former Israeli military personnel confirmed raising $33 million. Blockaid confirmed receipt of $33 million from…
OpenSea Oblivious of Ex-executive’s Involvement in $60M Scam
An ex-OpenSea worker is accused of aiding the 2021 notorious AnubisDAO rug pull. However, some commentators have raised reservations. After new accusations on social media, OpenSea, a nonfungible token (NFT), claims it…
Crypto Users Lost $685 Million to Scams and Hacks in the Third Quarter, Immunefi Reports
According to Immunefi’s latest report, the third quarter recorded the highest loss of the year. Crypto users lost over $685 million to scams and hacks during that period. The figure shows a…
Hacker Hijacks Ethereum Founder’s X Account, Steals Over $650K From Users
Ethereum founder Vitalik Buterin saw his X (formerly Twitter) account hacked on Sunday, with the attacker stealing over $650,000 from the crypto guru’s followers who opened a fraud link shared on his…
Introducing Coffeezilla: All you Need to Know about the YouTuber Uncovering Crypto Scams
The growing adoption of cryptocurrencies has provided new ways to make money online. However, while this is recommendable, the industry has also attracted bad actors whose primary goal is to scam innocent…
Hot Crypto Stories on X – Bears Wipe Out XRP Gains Within a Month
The crypto community on X (formerly Twitter) has not had much to discuss over the previous seven days. That’s because there hasn’t been any significant news. Here are the few topics that…
On-chain Detective ZachXBT Projected Magnate Finance on Base Scamming $6.5M
Magnate Finance initially removed its X account and Telegram channel and then took down the website before discontinuing its TVL. Magnate Finance is a borrowing and lending platform on Coinbase’s layer-2 protocol…
Hot Topics on Crypto Twitter – FTX ex-CEO Accused of Masterminding a Rug Pull
As the digital asset market continued to witness low volatility last week, the crypto community on Twitter, now known as X, was discussing a rug pull allegedly executed by FTX’s former CEO…