Yesterday, high-profile Twitter celebrities and other influential accounts were hacked to promote a Bitcoin scam. The scam isn’t uncommon and is just one of many that involve cryptocurrency in some way. To help investors avoid scams like these, we’re highlighting the most common crypto-related scams and how to avoid them. Bitcoin At Center of High-Profile…
By now, you’ve probably heard of the pseudo-cryptocurrency Initiative Q. Many people with little understanding of either economics or technology have been sharing social media marketing relating to the scheme, which promises to change the future of finance, but appears little more than a successful data mining scam. Initiative Q: Not Decentralised, Not Limited in…
Two African brothers have disappeared, and so does the $3.6 billion in bitcoin from their cryptocurrency investment platform. Biggest Scam In Bitcoin History? Africrypt is a cryptocurrency investment platform based in South Africa. It was set up by Ameer Cajee and his brother. The pool offered huge returns for investors. Back in April, around when…
Este artículo también está disponible en español. A young crypto trader attempted to rug-pull a Solana-based memecoin on a live stream, but the crypto community joined to “teach him a lesson” by sending the token to an $80 million market cap. Related Reading Solana-Based Memecoin Rug Pulled By 12-Year-Old As the market enters the rally’s…
ZachXBT, a highly respected blockchain sleuth, has sparked an outpouring of support from the cryptocurrency community after revealing a defamation lawsuit stemming from one of his previous investigations. In a remarkable show of solidarity, donations exceeding $1 million have flooded in from crypto enthusiasts across the globe, rallying to fund his legal defense. Taking to…
Binance CEO, Changpeng ‘CZ’ Zhao has recently provided details on a failed $20 million scam attempt in a bid to keep the crypto community on alert for future occurrences. Crypto Scammers Are “So Good Now,” Binance CEO Says In a tweet on August 2, Changpeng Zhao described a recent scam attempt as “clever,” stating that it…
In the non-fungible tokens (NFTs) sector, scammers are constantly devising new methods to exploit unsuspecting collectors. The latest incident involves fraudsters posing as journalists from Forbes magazine, specifically targeting Bored Ape Yacht Club (BAYC) NFT holders. One BAYC owner, “Crumz,” recently shared his encounter with these scammers, detailing the elaborate scheme designed to steal his…
Bezalel Eithan Raviv, a former member of Israel’s IDF Cyber Unit 8200, is the CEO and founder of Lionsgate Network, a digital platform that specializes in providing professional fund recovery services for participants in the crypto ecosystem. Why you should listen Lionsgate Network is a digital platform that specializes in providing professional recovery services for…
As the crypto market continues to attract substantial investments, it has also witnessed a surge in scams and fraudulent activities. Regulatory institutions worldwide, spearheaded by the United States, seem to intensify their efforts to combat cyber threats, hacks, and frauds that affect the industry. However, the nascent sector is far from the only one suffering…
Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered,…