News
Links posted to a fake Louis Vuitton NFT raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand.
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Fraud News
Cryptocurrencies promise a lot of security and privacy for the users, but reality is that cryptocurrency use often creates victims of different types of scams, such as digital theft, hacking, phishing and the major cryptocurrency scam – fraud. These frauds can exist in different forms – promising, but fraudulent, ICO’s that don’t inform their investors about the risks and might not have a physical address; cryptocurrency investment platforms that vanish after gathering enough money; and fraudulent cryptocurrency exchanges that utilize multiple tactics to cheat their users. Blockchain technologies are relatively new and the hype that surrounds them poached a lot of low-skilled investors into the field. This has become such a problem that, according to the latest news on cryptocurrency fraud, Twitter has even banned ICO-ads in order to protect its users from fraudulent schemes.
- How to crypto
Splitting the transaction into multiple smaller transactions, periodic auction matching, and adjusting the low slippage are various ways to avoid front-running.
5305 - Market Analysis
Anyone can become the victim of a malicious NFT hack, so what more could OpenSea do to protect its users?
3513 - News
The account of a moderator from the nonfungible token project was compromised in the attack, posting a phishing link that drained user wallets.
4378 - Explained
Read this guide to learn how to identify and protect yourself from crypto frauds using blockchain analysis tools.
231 - News
The brother and sister team will face charges of wire fraud, securities fraud and conspiracy for their alleged roles in the Ormeus Coin ICO.
6753 - News
NFT creators and marketplaces have been targeted by the SEC for conducting illegal activity in a new wave of regulatory action against unregistered securities.
10609 - News
A San Diego-based federal grand jury charged Kumbhani for orchestrating an alleged Ponzi scheme via BitConnect’s “Lending Program” among other allegations.
8786 - News
The superior court has reversed a lower court’s decision, making it possible for a class action to proceed against the promoters of one of crypto’s most infamous scams.
2513 - News
Omar Zaki settled with the SEC over allegations related to misrepresentation three years ago and is allegedly behind two other crypto projects that suffered devastating hacks.
5148 - News
The report defines criminal whales as private wallets that hold more than $1 million worth of crypto, with more than 10% of their balances coming from illicit addresses.
5474 - News
Scammers have been using advanced hacking bots on Telegram designed to trick investors into divulging their two-factor authentication, leading to accounts being locked and wiped out.
15329 - News
DBS Bank’s crypto exchange launched in late 2020, allowing to trade cryptocurrencies only to professional investors.
4916 - Analysis
Findings from Chainalysis shows the NFT space to be prone to wash trading, but most traders are not profiting.
4999 - News
The news comes one day after billionaire Andrew “Twiggy” Forrest announced he would be mounting legal action against the social media giant.
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