Tagged: crypto scams

Crypto Scam: Realux, a Real Estate and Tokenization Project, Takes Investors’ Funds, Then Quickly Takes Down Website and Disappears

Caution Danger Beware

Realux, which claimed to be a real estate crypto project, reportedly paid social media influencers to support the idea that the initiative might help with addressing the wealth inequality issue by democratizing the real estate industry. However, the Realux project founders and team appeared to… Read More

Minecraft NFT Initiative Blockverse Called a Scam After Team Appeared to Vanish with $1.2M in Crypto

Deadfall trap danger pitfall by Charlie DeTar

An “unofficial” Minecraft NFT collection is now the most recent initiative that turned out to be a rug pull (but the founders claim otherwise). Recently, the project called “Blockverse”, which offered an on-chain Ethereum NFT that claimed to support a unique P2E on Minecraft “like… Read More

Scamming Poses One of the Greatest Threats to Crypto and Blockchain Sector’s Continued Adoption: Report

Spider Web Trap Danger

Chainalysis reveals that scams were once again the largest form of cryptocurrency-based crime by “transaction volume,” with more than $7.7 billion worth of crypto taken from unsuspecting victims globally. As noted by Chainalysis, that represents an increase of 81% compared to last year, a year… Read More

Qtum Blockchain Developers Reveal How Scammers, Imposters Target Unsuspecting Crypto Users Online

Blockchain

The team and developers at blockchain platform Qtum (QTUM) recently noted that their official Telegram channel is one of their “most popular” social media sites. Qtum wrote in a blog post that it’s great for chatting and troubleshooting with their knowledgeable administrators. Unfortunately, however, this… Read More

Coinbase Security Team Shares Tips to Avoid Crypto related Phishing Attacks, SIM Swapping Tactics, and Damaging Security Breaches

mouse trap danger

Digital asset exchange Coinbase notes that its Security team regularly monitors the safety of its trading platform and customers’ funds. The US-based exchange also keeps a close eye on security threats and “abuse trends” affecting the larger crypto-economy. In December of this year, personal information… Read More

YouTube related Cryptocurrency Scams are on the Rise, Gemini Security Team Reveals

Spider Web Trap Danger 1

The Security team at Gemini Trust Company, LLC (Gemini), a digital currency exchange and custodian, has revealed that they’ve seen a significant increase in the number of crypto-related scams, as virtual currencies continued to gain popularity over the past year. Gemini Security explains that scams… Read More

Over 300,000 Potentially Fraudulent Sites with Fake Celeb Endorsements Identified by UK’s National Cyber Security Centre, Half were Related to Cryptocurrency

Stop Fraud 600

During the past few months, the National Cyber Security Centre (NCSC) reportedly took down more than 300,000 website URLs that were related to fake celebrity-backed or endorsed investments. More than half or 150,000 sites involved potentially fraudulent cryptocurrency investment offers. The NCSC noted on August… Read More

Gibraltar Financial Services Commission Issues Warning Against Fraudulent Cryptocurrency Websites Misleading Investors by Claiming they’re Authorized to Offer Financial Services

Danger Electricution

On June 5, 2020, the Gibraltar Financial Services Commission (GFSC) issued four separate warning messages regarding fraudulent cryptocurrency-related websites that claim they have been authorized to offer services in the British Overseas Territory. Gibraltar’s authorities noted that the following domains are not licensed by the… Read More

Google Removes 22 Malicious Chrome Browser Extensions Impersonating Widely-Used Cryptocurrency Wallet Providers like Trezor, Ledger, MetaMask

I Solemly Swear I am up to no good Bad Mischief

Search engine giant Google (NASDAQ:GOOG) has reportedly removed several Chrome browser extensions that were impersonating widely-used cryptocurrency wallet service providers, including popular hardware wallet maker Ledger and MetaMask. This update has come about a month after Google removed around 50 similar extensions, according to a recent… Read More

Exit Scam? Developers of EOS Ecosystem, a Digital Wallet App, Might Have Run Away with $52 Million After Platform Shuts Down

Theft Crime Steal Rob

EOS Ecosystem, a digital wallet app that claims to offer high returns to users who deposit EOS tokens on its platform, has reportedly shut down its software. The developers of EOS Ecosystem seem to have run away with around $52 million worth of user funds…. Read More

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