Tag Archives: Scams

Thousands of Taylor Swift’s UK fans have been duped into buying fake tickets for her upcoming Eras Tour concerts, according to a major British bank. More than 600 customers have reported being scammed so far, losing on average £332 (AU$643) each, and in some cases more than £1000 (AU$1936), Lloyds …

[PRESS RELEASE – Hong Kong, Hong Kong, March 29th, 2024] Cryptocurrency scams are rampant, costing victims billions. A shocking report by the Federal Trade Commission (FTC) reveals that since the beginning of 2021, over $1 billion has been lost to crypto scams, a staggering figure representing more than one out …

The Bank of Russia, in its latest report, revealed a concerning rise in financial scams with crypto-related elements in 2023. The number of entities involved in illegal activities, including financial pyramids, allegedly increased by 15.5% compared to the previous year, reaching 5,735 identified cases. Online Scams Skyrocket As Crypto Takes …

Navigating the Emotional Labyrinth of Moving Scams Moving is a significant life event, often symbolizing new beginnings and opportunities. However, for many Americans, this experience has been marred by the increasing prevalence of moving scams. These scams, far from being mere financial inconveniences, unravel layers of emotional and psychological turmoil. …

Ripple CEO Brad Garlinghouse unleashed a deepfake-fueled volley across the digital landscape this week, aiming his sights at social media platforms and regulators for their sluggish response to a surge in sophisticated XRP-linked scams. The company’s ire stems from a recent deepfake video featuring an unnervingly realistic AI-imposter Garlinghouse promising …

In a startling revelation by Scam Sniffer, the cryptocurrency world has been hit hard by a series of sophisticated phishing scams in 2023. The team behind the crypto security tool has reported that Wallet Drainers, a type of malware, have successfully siphoned off nearly $295 million from approximately 324,000 unsuspecting …

In a comprehensive annual report released by web3 security firm Scam Sniffer, alarming statistics highlight the growing threat of phishing scams in the crypto industry. According to the report, these scams resulted in the theft of approximately $300 million of cryptocurrencies. Rising Tide Of Sophisticated Crypto Scams Per the report, …

Understanding impersonation scams in crypto In impersonation scams, fraudsters pretend to be reliable individuals, exchanges or services to trick users into sending cryptocurrencies or disclosing personal information. In the context of cryptocurrencies, due to the pseudonymous nature of cryptocurrency transactions and the level of relative secrecy they provide, impersonation scams …

FTX’s sister hedge fund, Alameda Research, lost at least $190 million of its trading funds due to arguably avoidable scams, according to a former engineer at the firm. In an Oct. 12 post to X titled “The Hacks,” former Alameda Research engineer turned whistleblower Aditya Baradwaj claims that the firm’s …

With the field of artificial intelligence evolving at near breakneck speed, scammers now have access to tools that can help them execute highly sophisticated attacks en masse, warns the co-founder of Web3 security firm Quantstamp. Speaking to Cointelegraph at Korea Blockchain Week, Quantstamp’s Richard Ma explained that while social engineering attacks …

Cryptocurrency exchanges in Australia have been increasingly communicating with their users as part of preventative measures against scams. According to local crypto firms, such communication is the key to preventing scams as it is able to “break trust” between victims and scammers. Executives at major Australian crypto firms such as …

Peer-to-peer (P2P) cryptocurrency trading has been a staple of the cryptocurrency community since the industry’s early days.  P2P trading refers to the direct exchange of cryptocurrencies between two users without the involvement of intermediaries. P2P exchanges link buyers and sellers while also adding an extra degree of security through an …