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” It’s time for crypto fans to stop supporting cults of personality “ Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of outsized intellect or talent but because of their piles of money and large Twitter…
“Conman scams Irish tourists out of $2K in Times Square: cops” A homeless career conman with more than 65 prior busts scammed two Irish tourists out of $2,000 in Times Square on Thanksgiving, cops and sources said. The two 27-year-old tourists saw Elliot Brightman, 61, playing a shell game at Broadway and West 49th Street…
” Polkadot incentivizes its community to fight scams through an “anti-scam bounty” “ Polkadot, a protocol that connects blockchains, has announced its latest initiative to help its ecosystem fight scams. According to the company, relying on security-minded individuals within its community to fight scams has proven to be an effective method of safeguarding its ecosystem….
” Aussies warned to avoid crypto paper wallets they find on the street “ Australians have been warned to stay away from suspicious-looking fake Bitcoin paper wallets, which work by luring victims into accessing a lucrative crypto wallet but will ultimately drain them of their own crypto holdings. According to a Nov. 22 post on…
” Sam Bankman-Fried deepfake attempts to scam investors impacted by FTX “ A faked video of Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has circulated on Twitter attempting to scam investors affected by the exchange’s bankruptcy. Created using programs to emulate Bankman-Fried’s likeness and voice, the poorly made “deepfake” video attempts to direct…
” HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme “ The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy. HashFlare was a cloud mining company created in 2015, which purported to allow customers to lease the company’s…
” Crypto scammers are using black market identities to avoid detection: CertiK “ Crypto scammers have been accessing a “cheap and easy” black market of individuals willing to put their name and face on fraudulent projects — all for the low price of $8, blockchain security firm CertiK has uncovered. These individuals, described by CertiK…
” Scary stats: $3B stolen in 2022 as of ‘Hacktober,’ doubling 2021 “ The month of October has broken all records for crypto exploits and the amount of digital loot pilfered — living up to its new moniker of “Hacktober” — according to the latest figures. On Oct. 31, blockchain security firm PeckShield tweeted some…
” Web3 sees 15 new scam smart contracts an hour: Solidus Labs “ The Web3 and cryptocurrency space is seeing a significant amount of smart contract scams proliferating, with blockchain risk monitoring firm Solidus Labs saying it has detected on average 15 newly deployed scams every hour. Solidus Labs said on Oct. 27 that it…
” Phishing scammer Monkey Drainer has pilfered as much as $1M in ETH “ An alleged phishing scammer going by the pseudonym Monkey Drainer has reportedly swiped around $1 million worth of Ether (ETH) via dubious copycat nonfungible token (NFT) minting websites this week. Well-known blockchain sleuth ZachXBT was one of the first to track…