Ticketed help desks and live support are replacing always-on Discord channels at major DeFi protocols.
Scams News
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Despite the backlash, a spokesperson for Adams said he remains committed to funding education programs and supporting scholarships for underserved students through the token.
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Crypto security experts said a good way to counter scams that rely on deceiving victims is to be skeptical of every unsolicited message and interaction.
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Truebit lost $26 million after a smart-contract overflow bug let an attacker mint tokens at near-zero cost, sending the TRU price down 99%.
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The Solana-based NYC Token briefly surged before plunging shortly after launch, with Eric Adams saying proceeds would fund education initiatives.
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The message claimed Betterment would “triple” Bitcoin and Ether deposits sent within hours, urging users to transfer $10,000 to crypto wallets.
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A crypto user who lost $5,000 from a hot wallet after a stay at a hotel said the real culprits were open WiFi, a casual lobby phone call and one careless wallet approval.
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The $7-million Trust Wallet hack shows why crypto-friendly SMEs are especially vulnerable, highlighting weaknesses in verification, browser extensions and internal controls.
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How an onchain investigator linked a Coinbase impersonation scam to $2 million in losses and why social engineering remains the real risk.
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According to SlowMist, attackers are impersonating MetaMask, aiming to steal users’ secret recovery phrases.
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A divorced investor’s tragic loss reveals how emotional manipulation, combined with AI technology, has weaponized crypto scams into a billion-dollar crime.
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An Investigation from ZachXBT traced the suspect through posts gloating on social media and Telegram activity.
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The malicious Trust Wallet extension has also been exporting users’ personal information, pointing to potential insider activity, according to cybersecurity company SlowMist.
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Zhao urged the blockchain industry to adopt new security measures, including scam address blacklist, after an investor lost $50 million to an address poisoning scheme.
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Concerns about code vulnerabilities are fading in the crypto space, but more sophisticated scam tactics are emerging as protocol security improves.
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