Tag Archives: crypto scams

Instagram accounts of Maltese residents were attacked recently by hackers. The online intruders specifically insisted on a Bitcoin ransom from the users in order to restore their access. Hackers Insist on Bitcoin Bitcoin and most of the cryptocurrencies keep their rally as their prices escalated in the past few months. Many companies and influential individuals either invested in them or recognized their potential. However, the skyrocketing value of bitcoin and altcoins also...

The South Korean cryptocurrency exchange platform V Global was accused of luring 40,000 people into illicit multi-level deceit. The entire scheme amounts to more than 1.7 million won, which equals $1.5 billion. The Investigation As reported by the Korean officials, the police raided many places in the country related to a virtual cryptocurrency exchange, and its notorious CEO – known as LEE – alleged to fundraising without regulatory permission. The authorities blocked the...

Members of the popular WallStreetBets Reddit forum were suspected of a presumable cryptocurrency fraud that could have caused losses of no less than $2 million. By creating a designated Telegram group, they duped investors by guaranteeing remarkable returns through capitalizing on the recent crypto market rally. The Core of the Hoax Per a report by Bloomberg, alleged members of the WallStreetBets Reddit Forum used the Telegram messaging service to execute a blatant scam. A...

The popular cryptocurrency wallet MetaMask warned its customers of a new phishing bot that attempts to get their seed phrases. According to the team, the fraud tries to lead users to a so-called ”instant support” portal where they are prompted to enter information into a Google Docs form. The New Scam MetaMask – a project focused on Ethereum-based tools and infrastructure – tweeted today (May, 3rd) revealing a new fraud that attempts to harm users of the platform. The...

Following a trial against the recently arrested suspects connected to the infamous Thodex crypto exchange, a Turkish court has sent six people to jail. The brother and the sister of the company’s CEO, who reportedly escaped with $2 billion of users’ funds, were among them. Actual Jail for Six Suspects The $2 billion crypto scandal in Turkey has become one of the hottest topics in the country recently. According to authorities, the CEO of the local crypto exchange Thodex has...

The Federal Service in the USA arrested a Russian-Swedish citizen Roman Sterlingov on suspicion of laundering nearly $336M in bitcoin for the last 10 years. The criminal will appear in court and face three charges – money laundering, money laundering without authorization, and unlicensed money transmission. The Fraud Over The Last 10 Years According to a recent report, US officials have arrested the leader of Bitcoin Fog – Roman Sterlingov. The Russian-Swedish admin of the...

The tech giant Microsoft has integrated the Intel Threat Detection Technology into its Microsoft Defender for Endpoint. This should increase detection ability and enhance protection against cryptojacking malware. The New Addition and Its Technology During the last few years, the primary cryptocurrency along with the many other altcoins have significantly appreciated in value which caused an uptick of interest for crypto mining as well. The process involves validating data...

The rapidly increasing popularity of PancakeSwap – the decentralized exchange running on Binance Smart Chain – has caught the attention of bad actors. The project warned that a group of scammers is promoting fake airdrops trying to lure victims into claiming them through a fraudulent link. Fake CAKE Airdrops The popularity of the DEX employing the Binance Smart Chain has gone through the roof in the past several months. The fast and cheap transactions resulted in high...

Shortly after launching an investigation against Turkey’s notorious crypto exchange, Thodex, the local police have apprehended 62 people in connection to the company. At the same time, reports claimed that the founder and CEO of the exchange has vowed to refund users and return to Turkey to face justice. 62 People Arrested in Turkey CryptoPotato reported yesterday the developments coming from Turkey in which the third-largest crypto exchange had closed its doors earlier in...

Nearly 400,000 users of a Turkish cryptocurrency exchange were left out of their accounts without being able to withdraw their funds. The platform’s website has been down for several days, while reports suggest its CEO has already fled the country with up to $2 billion. Turkish Exchange Does a Rug Pull? Bloomberg reported yesterday that Thodex, a Turkey-based crypto exchange, has ceased trading, citing an “unspecified partnership transaction.” The founded in 2017 trading...