News with the tag "Crypto scams"

What is California’s crypto scam tracker tool? On Feb. 16, 2023, the Department of Financial Protection and Innovation (DFPI) in California launched the crypto scam tracker tool to help residents spot and avoid crypto scams. The tracker details crypto scams identified through a review of complaints ...

The California Department of Financial Protection and Innovation (DFPI) says it has shut down 26 cryptocurrency scam websites and identified $4.6 million in consumer losses, officials announced Monday. In a new announcement, the DFPI says the crackdown is part of a broader initiative to combat incre...

Changpeng “CZ” Zhao, co-founder of Binance, has urged Elon Musk to take decisive action against automated bots on X, which have long plagued the platform with crypto scams, phishing links, and manipulative schemes. “If someone uses Grok, ChatGPT, or DeepSeek to generate a tweet and copy and paste it...

Are you navigating the exciting yet volatile world of cryptocurrency investments? The allure of digital gold and quick riches is undeniable, but amidst the innovation and opportunity, a darker side lurks – the ever-present threat of crypto scams . Singapore, a global financial hub known for its prog...

Cryptocurrency investors in South Korea, are you listening? A new wave of sophisticated scams is targeting your personal information and hard-earned digital assets. The Financial Supervisory Service (FSS), South Korea’s top financial watchdog, has issued a critical “caution” alert, exposing a decept...

Reports find that a new crypto malware has targeted hundreds of web3 job seekers through a malicious “GrassCall” meeting app. Per Bleeping Computer , Russian team of hackers known as “Crazy Evil,” carried out a social engineering campaign that lured job seekers with fake interviews. The attackers us...

In a stark reminder of the ever-present dangers in the crypto world, Binance co-founder Changpeng Zhao (CZ) has issued an urgent warning. A long-time supporter of BNB, a prominent figure in the Binance ecosystem, has apparently fallen victim to a social media account hack. This breach led to the com...

A disturbing trend emerges in the demographic profile of pig butchering scam victims. While older adults have historically been the main targets of financial fraud, these scams now focus on younger, tech-literate individuals. The latest data reveals that those aged 30 to 49 represent the majority of...

Scams using cryptocurrency have always been a problem, but artificial intelligence (AI) is making them much worse. Scammers can easily steal money from unwary investors as AI-powered scams are getting harder to identify. Fraudsters are using AI technology to develop increasingly realistic phishing a...

The Solana blockchain has come under fire, with critics calling it a breeding ground for speculative assets. However, Helius Labs CEO Mert Mumtaz argues that the chain is being unfairly blamed for trends that exist across all networks. The Meme Coin Scourge Solana’s recent surge in activity has been...