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” Social media blamed for $1B in crypto scam losses in 2021 “ The Federal Trade Commission has labeled social media and crypto a “combustible combination for fraud,” with nearly half of all crypto-related scams originating from social media platforms in 2021. Published on June 3, the report found that as much as $1 billion…
“GoFundMe removes phony Amber Heard-Johnny Depp fundraiser” You can’t fool GoFundMe — at least when it comes to Amber Heard and Johnny Depp. It abruptly pulled the plug on a fake $1 million campaign created by someone named Kimberly Moore allegedly to raise money for Heard to pay Depp’s damages after their sensational six-week defamation…
” ‘Pig slaughtering’ crypto scams reap millions on Silicon Valley dating apps “ Lonely hearts in Silicon Valley are reportedly falling prey to a wave of “pig slaughtering” crypto scams via dating apps. An investigator for cybersecurity company Sift found that one in 20 people who approached her on dating apps in San Francisco was…
” Aussie consumer group calls for better crypto regs due to ‘lagging laws’ “ Australian consumer advocacy group CHOICE has called on the federal government to provide better protection for crypto investors while submitting a proposed regulatory framework for cryptocurrency exchanges operating in the country. The regulatory framework was submitted in response to the federal…
” Hacker tastes own medicine as community gets back stolen NFTs “ The tales of traders getting scammed out of their nonfungible tokens (NFTs) were quite common at the peak of the NFT boom. However, in an interesting turn of events, the Solana community came together to “scam” a scammer in order to get back…
” Crypto spam increases 4000% in two years: LunarCrush “ Spam and bots have been the bane of anyone that uses the internet for years, but recently this digital scourge has ramped up activity in the crypto sector in a big way. Crypto intelligence provider LunarCrush has revealed spam in the cryptosphere has increased by…
” ‘Yikes!’ Elon Musk warns users against latest deepfake crypto scam “ Tesla CEO Elon Musk distanced himself from yet another fabricated video promoting a cryptocurrency scam. Originally shared on Twitter, the video in question was a deepfake of Musk purportedly promoting a cryptocurrency platform boasting 30% returns on crypto deposits. Scammers made use of…
“The $86M scam that landed art dealer Inigo Philbrick in prison” Inigo Philbrick may be a thief, but at least he’s honest. The former London art dealer, who was sentenced Monday to seven years in prison after pleading guilty to a criminal charge of wire fraud, didn’t hold back last year when a Manhattan federal court…
” NFT owners reminded to be vigilant after 29 Moonbirds were stolen by clicking a bad link “ A Proof Collective member has fallen victim to a scam, losing 29 highly-valuable Ethereum-based Moonbirds. According to a tweet by Cirrus on Wednesday morning, the victim lost 29 Moonbird nonfungible tokens (NFTs) worth $1.5 million after clicking…
” Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account “ Digital artist and popular non-fungible token (NFT) creator Mike Winkelmann, more commonly known as Beeple, had his Twitter account hacked on Sunday, May 22 as part of a phishing scam. Harry Denley, a Security Analyst at MetaMask, alerted users that…