Tag Archives: Scams

A recent investigation has linked popular YouTube personality James Stephen Donaldson, better known as MrBeast, to over $23 million in alleged profits from various cryptocurrency trades that may involve insider trading. According to a report by advisory firm Loock.io, a group of on-chain investigators claims that MrBeast and his influencer network used their social media presence to promote and profit from several crypto tokens at the expense of investors. $23 Million in...

TL;DR Shibarmy Scam Alerts warned SHIB users about bad actors impersonating admins on Telegram and urged them to verify profiles before engaging. They also cautioned against fake Treat tokens, reminding the community that the meme coin hasn’t been released yet. Watch Out for This Scam The team behind Shibarmy Scam Alerts warned Shiba Inu (SHIB) users to be extra cautious when messaging dubious individuals on Telegram. The working group argued that scammers had created fake...

SlowMist, in collaboration with imToken, has uncovered a new breed of cryptocurrency scam that targets users in physical offline transactions, utilizing USDT as the mode of payment. This fraudulent scheme operates by tampering with Ethereum node Remote Procedure Calls (RPC) to defraud unsuspecting victims. Scammer’s Strategy Initially, the scammer persuades the target to download the legitimate imToken wallet and fosters trust by transferring 1 USDT and a small amount of ETH...

A federal jury has convicted crypto trader Avraham Eisenberg of fraud and market manipulation. The charges stemmed from Eisenberg’s exploitation of Mango Markets, a decentralized finance (DeFi) protocol built on the Solana blockchain. Eisenberg Convicted for Market Manipulation Eisenberg, 28, was found guilty by jurors in a federal court in Manhattan on charges of commodities fraud, commodities manipulation, and wire fraud. “Avraham Eisenberg executed a manipulative trading...

Rabby Wallet is a somewhat popular crypto wallet made by Debank that has been around for a while now and boasts support for 141 chains and multiple signing modes. On the 16th of February, the company behind Rabby Wallet announced the launch of the beta version of its mobile app. Unfortunately for fans of the platform, the app you find when searching for Rabby Wallet on the iOS App Store is, in fact, a drainer with no ties to the real app. 🚨 A FAKE iOS app has resurfaced....

Scams, scams, and more scams… Lately, it feels like all we really hear about anymore in the world of crypto are the number of scams that have been hitting the streets, but not too long ago, Roundtable anchor Rob Nelson hosted a meeting with Jordan Edelson, the co-founder of Trade Zing, and asked him what people can do to prevent themselves from falling victim to these ongoing issues. Trade Zing Works to Lessen Crypto Scams The event began with Nelson asking:...

More crypto scams have been recorded to the digital currency books, and the ones in question are proof that it doesn’t matter how big or famous you are or where you’re located… You’re just as vulnerable as everyone else. Crypto Scams… They’re Everywhere! The first of the two new crypto scams saw Nottingham Forest midfielder Gustavo Scarpa losing one million pounds to a digital thief. At 29 years old, Scarpa is developing a reputation as one of the greatest soccer players...

Residents of the island of Jersey off the coast of the United Kingdom have fallen victim to several crypto fraud schemes as of late. Thus far, more than 600,000 pounds have been lost to these scams over the past three months. People in Jersey Are Falling Victim to Crypto Scams Law enforcement agents in Jersey say the scammers are using phony social media accounts and advertisements to play up the crypto space to people on the island. They also use what they’re calling...

Crypto fraud has always been a problem, but a new report issued by blockchain analysis firm Chainalysis shows just what a big issue it’s become. According to the document, nearly 25 percent of the digital tokens introduced in 2022 were scams designed to make off with investor funds. Chainalysis: Most Tokens in 2022 Were Phony Several of the tokens analyzed in the Chainalysis report showed signs of being pump-and-dump schemes. This involves the developers or executives of...

The growth of crypto scams is occurring at an unprecedented rate. This can be attested to by a woman in the region of Sudbury, for example, who recently entered a scam that could have gone quite far. Crypto Scams Are Becoming Too Common The woman was approached by someone posing as a police officer named Scott Nix. The person convinced her that she needed to empty her bank account and send him the money via bitcoin so that he could verify the funds were real and help her...