“If someone scams a person or organization, they deceive them in order to get something valuable from them,
especially money.”
On July 15, a Twitter hack targeting some of the platform’s most high-profile users caused chaos on the site, with Twitter temporarily restricting verified users from posting at all. The hack had users like Bill Gates, Kanye West, and Obama tweeting out a bitcoin scam to millions of followers. Now, a 17-year-old Read more…
China’s Ministry of Public Security (MPS) recently announced it has cracked down a transnational internet pyramid scheme involving transactions of digital currencies such as bitcoin. It is the first known scheme of its kind and involved over 40 billion yuan ($5.73 billion) in digital currencies. Authorities have detailed 27 key Read more…
Apple co-founder Steve Wozniak is going after YouTube for failing to control a Bitcoin “giveaway” scam. He alleges the scam has cost investors “tens of millions” of dollars. The filing alleges YouTube is actively profiting from promoting such scams. Apple co-founder Steve Wozniak and 17 other individuals are suing YouTube Read more…
Coinbase blocked 30.4 BTC from being transferred to the address of the Twitter hackers by blacklisting it However, before the address was blacklisted, 14 Coinbase customers sent a collective $3,000 worth of BTC An analyst thinks the stolen BTC were already sold and the new owners are trying to clean Read more…
A social media post tempting users with the offer of a flat screen television has been exposed as a scam by a law firm. The post purports to be from supermarket chain Tesco – but it is a ruse designed to trick people into handing over their personal details. Fraudsters Read more…
In what seems to be an attack on twitter, famous celebrities like Elon Musk and few major crypto twitter accounts were used to roll out a seemingly bitcoin scam. The fake posts include a BTC address and promises anyone double returns on their deposits. #TwitterHacked Trending with Account Including Elon Musk Read more…
Silviu Catalin Balaci confessed that he was one of the operators of the massive crypto Ponzi scheme BitClub Network. The Romanian programmer confirmed that BitClub defrauded its victims of at least $722 million in Bitcoin. He is now facing up to five years in prison and a fine of up Read more…
A fake Joe Rogan crypto scam just bagged a Bitcoin. According to Whale Alert, a Twitter bot that posts unusual (and typically very large) crypto transactions, a “fake giveaway scam” today earned 1 Bitcoin, or around $9,300. 🚔 A payment of 1.0 #BTC (9,195 USD) was just made to a Confirmed Fake Giveaway Read more…
Whale Alert reports of a new payment of $3,568 USD to a fake crypto Exchange. The exchange has raked in more than 5.37 BTC (about $49,000 at current price) since inception in May 2020. 🚔 A payment of 0.3918 #BTC (3,568 USD) was just made to a confirmed Fake Exchange scam!https://t.co/25jv2S2LSf Read more…
South Korean authorities are investigating a complaint filed by 950 investors who claim to be victims of a crypto-related ponzi scheme. According to TV Chosun, police are looking into reports that over 160 individuals are believed to have operated the alleged scam, known as Futurenet. The Futurenet team is also suspected Read more…