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” Needed: A massive education project to fight hacks and scams “ The common narrative around the prevailing threats to mainstream adoption of cryptocurrencies is that regulators will put the kibosh on their legality, it has to get much easier for “ordinary” people to use, and the magnitude of its volatility has to be tempered….
” 3 red flags that signal a crypto project may be misleading investors “ Satoshi Nakamoto left a large pair of shoes to fill after releasing the code for Bitcoin (BTC) to the world, helping to establish the network, then vanishing without so much as a trace. Over the years, the crypto ecosystem has seen…
“FBI reveals 10 ways to stop smartphone hackers” Whether you’re an Apple or Android user or prefer logging into accounts on a laptop, the FBI has a warning for you. The US intelligence and security service has revealed 10 important tips that can keep you stay safe from hackers as cybercrime continues to rise. The…
“Crypto scam warning after criminals spotted trying ‘new tricks’ to steal funds” A new crypto scam preying on new investors has been tracked by a cybersecurity firm. The scheme is called “liquidity mining” and the perpetrators use the complexity of crypto-trading as a shield for heists. The cryptocurrency space is ripe with scams and hacks. The Washington Post reported…
” Crypto giants co-launch Chainabuse platform to water down rising scams “ Seven major crypto companies — Binance.US, Circle, Solana Foundation, The Aave Companies, Hedera, TRM Labs and Civic — joined hands to launch a community-driven scam reporting tool. Named Chainabuse, the tool aims to enable crypto users to issue warnings and discuss ongoing fraudulent…
” Binance takes legal action against fake billboard ads in Turkey “ Binance TR, the Turkish arm of crypto exchange Binance, has warned investors in the region of an ongoing scam attempt that targets crypto investors via fake Binance-branded billboards and hoardings. Turkey is home to a large number of crypto investors that account for…
” Mining Capital Coin CEO accused of $62M investment fraud scheme “ The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a $62 million global investment fraud scheme.” The DOJ is charging Capuci with conspiracy…
“Teacher says this is how she thwarted a dangerous WhatsApp scam” A TikToker has revealed her lucky escape from cunning WhatsApp scammers who pretended to be her bank – and her sweet revenge. Amanda Seimetz told followers her “cautionary true story” and how cyber thieves almost convinced her. The 26-year-old Brazilian English teacher was randomly approached…
” More than $1.6 billion exploited from DeFi so far in 2022 “ The decentralized finance (DeFi) space has been rife with hacks, exploits, and scams so far this year with over $1.6 billion in crypto stolen from users, surpassing the total amount stolen in 2020 and 2021 combined. Analysis from blockchain security firm CertiK…
” Bored Ape Yacht Club NFTs stolen in Instagram phishing attack “ As told by Bored Ape Yacht Club (BAYC) developers on Monday, hackers breached the popular nonfungible token (NFT) collection’s official Instagram page and shared links to a fake airdrop with the project’s followers. Crypto enthusiasts who connected their MetaMask wallets to the scam…