A crypto trader recently lost a whopping $35 million in just a few minutes due to a sneaky scam. This wasn’t a hack or a market crash, but a social engineering attack that tricked the trader into signing a “permit” signature. How the Scam Worked The scammer used a phishing technique to convince the trader…
Decentraland, a virtual reality platform built on Ethereum, is making waves in the NFT world. According to crypto analytics firm Santiment, Decentraland has seen more development activity than any other NFT project in the past month. Decentraland’s Development Dominance Santiment tracked over 168 notable development events on Decentraland’s GitHub repository in the past 30 days….
A heartbreaking story of a sophisticated scam has left an elderly man devastated and frustrated. The scammer, posing as his daughter, used a clever tactic to trick him into wiring thousands of dollars. How the Scam Worked The scammer, using the daughter’s email address but with a slightly altered domain, contacted the father. The scammer…
Bitcoin (BTC) saw a surge of over 6% on Friday after news broke that the bankrupt crypto exchange Mt. Gox extended the deadline for its remaining creditor repayments. Mt. Gox’s Long Road to Repayment Mt. Gox, once responsible for handling over 70% of Bitcoin trading, went bankrupt in 2014 after a major hack. The exchange…
Former FTX executive Ryan Salame has a new job title, and it’s not one he’s excited about. Prison Bound Salame was sentenced to 7.5 years in prison for his role in the FTX collapse. He was supposed to start his sentence in December, but he tried to delay it. When that didn’t work, he took…
AI Deepfakes are a Growing Threat Binance’s co-founder, Changpeng Zhao (CZ), has sounded the alarm about the increasing use of AI deepfakes to trick people into making fake cryptocurrency investments. He’s not the only one worried. Deepfake scams are hitting everyone from crypto giants like Ripple CEO Brad Garlinghouse to celebrities like Taylor Swift. CZ’s…
The crypto market is a wild ride, and predicting the future is always tricky. While some coins are gaining attention, others are struggling to keep up. Let’s take a look at the current landscape and see what’s hot and what’s not. ETFSwap: A Game-Changer? ETFSwap (ETFS) is a new platform that lets you invest in…
Two people, one in Maine and one in New Jersey, lost thousands of dollars to bank imposter scams. Both victims were convinced by scammers posing as bank representatives to transfer their money or give up access to their accounts. A Bank of America Victim Gets No Help Amy Kelly, a business owner in Maine, received…
Bitcoin has been around for over a decade, and some early investors are finally cashing in on their long-held investments. Bitcoin Whales Awaken Recently, several dormant Bitcoin wallets, known as “whales” due to their large holdings, have suddenly become active. One wallet, inactive for over 12 years, moved 100 Bitcoin, worth over $6 million today….
A Binance executive, Tigran Gambaryan, will remain in a Nigerian prison after a judge denied his request for bail. The Case Against Gambaryan Gambaryan, a former IRS agent and Binance’s crypto compliance officer, was arrested in February on charges of money laundering and operating an unlicensed financial institution. He was in Nigeria for regulatory talks…
