On March 19, Trezor’s X suffered a security breach that exposed the account’s 200,000 followers to a fake crypto presale. After the alarms were raised, most crypto users stayed vigilant while the hardware wallet company regained control. Trezor’s team recently published a preliminary report addressing the concerns. The post also explained the elaborate phishing scam […]
Crypto gaming platform PlayDapp has been the victim of a series of breaches, resulting in the loss of millions of dollars worth of PLA tokens. Blockchain analytics firm Elliptic has reported that the breaches have led to the theft of PLA tokens valued at $290 million, based on their market value at the time of […]
According to a Bloomberg report, the former chief executive officer of a Kansas bank has been charged with embezzling $47.1 million from the institution to purchase crypto assets. The Heartland Tri-State Bank’s failure has shaken the tight-knit community of Elkhart, as investors face significant losses. Shan Hanes, who previously held leadership roles at the Kansas […]
CFTC Issues Warning On AI-Driven Crypto Scams Exploiting Arbitrage Trading Strategies | Bitcoinist.com
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In a recent consumer alert, the Commodity Futures Trading Commission (CFTC) warned about the proliferation of scams leveraging artificial intelligence (AI) to lure unsuspecting individuals into fraudulent crypto investment schemes. Specifically, these scams exploit the growing interest in cryptocurrency arbitrage trading by making “audacious claims” of generating outsized profits through AI-powered algorithms. AI-Driven Crypto Investment […]
According to a report by the Financial Times, Meta (formerly known as Facebook) has publicly apologized to Qatari billionaire Wissam al Mana and pledged to provide additional safeguards after his image was exploited in crypto scam advertisements on the platform. The prominent businessman, also known as the former husband of pop star Janet Jackson, took […]
Spanish authorities have detained Alejandro Cao de Benos, a Spanish aristocrat, over allegations that he ran a crypto scheme and recruited Ethereum (ETH) researcher Virgil Griffith to help North Korea evade international sanctions. According to Reuters, the United States Department of Justice (DOJ) had previously accused de Benos, founder of a pro-Pyongyang affinity organization, of […]
In a concerning trend, hackers, specifically wallet drainers, have begun to leverage the CREATE2 opcode on the Ethereum network to sidestep security measures in select wallets. This development was revealed on Sunday via an X post by blockchain security company Scam Sniffer. Over $60 Million Lost To Hackers Via CREATE2 Exploit, Report Says The CREATE2 […]