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“# Beware of sophisticated scams and rug pulls, as thugs target crypto users ” This year has been monumental for the cryptocurrency sector in terms of mainstream adoption. A recent report published by Grayscale Investments found that more than one-quarter of United States investors (26%) surveyed own Bitcoin (BTC), up from 23% in 2020. With the…
“# Hong Kong NFT project Monkey Kingdom loses $1.3M in phishing hack, launches compensation fund ” On Tuesday, Solana nonfungible token (NFT) project Monkey Kingdom, which has received notable backing from American DJ Steve Aoki, announced via Twitter that hackers made off with $1.3 million of the community’s crypto funds through a security breach on…
“#Elizabeth Holmes believed Theranos ‘would change the world,’ defense says ahead of verdict” Attorneys for Elizabeth Holmes made their last stand on Friday as jurors prepared to decide whether the Theranos founder is guilty of conspiracy and fraud. Federal prosecutors have portrayed Holmes as a crook and liar who defrauded investors out of nearly $1…
“# Indian prime minister Modi’s hacked Twitter account attempts BTC scam ” The official Twitter account of Indian Prime Minister Narendra Modi got compromised earlier today, which was then used to share misleading information about the mainstream adoption of Bitcoin (BTC) and redistribution of 500 BTC among the Indian citizens. On Dec. 10, Modi said…
“#NY sweepstakes ‘prize’ nothing but a cruel grift and scam” The check is in the scam! New Yorkers are receiving letters trumpeting that they are winners of the “Supermarket Customer Sweepstakes Raffle Draw” — and their prize is a cool $880,000. The congratulatory missive includes a realistic-looking first payment check of $8,000 and requests a…
“# ConstitutionDAO: PEOPLE price pumps 200% as new ‘We The People’ token unveiled ” PEOPLE, the governance token of ConstitutionDAO, soared in value by near 200% in just 24 hours despite its trading volumes falling through the cliff in the same period, data on CoinMarketCap shows. The cost to purchase one PEOPLE token surged to…
“# Animoca to repay users 265 ETH stolen in fake NFT drop Discord hack ” Hong Kong-based gaming and venture capital company Animoca Brands and subsidiary Blowfish Studios have promised users that they will repay 265 ETH (US$1.1 million) stolen in a fraudulent nonfungible token (NFT) sale on D`iscord. The fraudulent minting event occurred at…
“# Shiba Inu team issues scam alert to SHIB investors ” The team behind meme cryptocurrency Shiba Inu (SHIB) has issued a public warning against ongoing online scams that primarily target altcoin investors interested in SHIB tokens. The proactive scam alert came in the form of a tweet detailing the various methods used to dupe…
“#’Pirates Bay’ for NFTs offers free downloads for thousands of pricey images” Why shell out hundreds of thousands of dollars for a digital image when you can just download it for free? That’s the message behind a new site that has made thousands of non-fungible tokens — or NFTs — available to download for free….
“# How to spot a rug pull in DeFi, 6 tips by Cointelegraph ” In our latest in-depth video, Cointelegraph shares six key tips on how to increase your safety when investing in DeFi by identifying rug pulls — One of the most widespread types of crypto scams. Booming growth coupled with a lack of…