The European Commission urged online platforms to gird for a fresh wave of consumer scams linked to the resurgence of Covid-19 infections in Europe and said they need to work harder against the spread of disinformation related to the pandemic. The European Union executive says that rogue traders have tried Read more…
Online purchase scams have spiked as a result of the COVID-19 pandemic, according to new research by the Better Business Bureau. A whopping 80.5% of consumers reporting online purchase scams in 2020 lost money as a result of those scams, up from 71% in 2015, when the BBB began tracking Read more…
Does it seem like your inbox is bombarded with offers for essential oils, detox shakes, leggings and other products? Are you regularly presented with exciting job opportunities that are light on details? If you answered “yes,” you’re the target of multi-level marketing. And if you know better than to get involved with an MLM, Read more…
nChain chief scientist Craig Wright has delivered an obscenity-laden interview discussing decentralized finance (DeFi) and stablecoins, calling such projects a “complete scam” and “illegal.” Taking part in the virtual conference Reimagine 2020 published Saturday, the controversial figure told host Patrick MacLain that both DeFi schemes offering lending and borrowing, and stablecoins, are Read more…
The Department of Social Protection say they are aware some members of the public have received text messages purporting to be from the Department. These text messages contain web links which the member of the public is told to click on. These web links are made to look similar to Read more…
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…
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…