scam

Amid the rising popularity of social finance platforms and the increasing challenges faced by the crypto industry, security breaches remain a pressing concern. What Happened: In a recent incident, friend.tech wallet fell prey to a phishing scam, resulting in the loss of 22 Ether (CRYPTO: ETH)...

Thailand’s Cyber Crime Investigation Bureau (CCIB) arrested five foreign nationals, four Chinese and one from Laos, for organizing a fraud cryptocurrency investment platform in the country that bilked more than 3,200 locals out of more than $27 million. The charges on the accused...

There has been a recent surge in the launch of fraudulent meme coins by crypto scammers, blockchain experts have revealed. Cointelegraph reported ZachXBT, an independent blockchain investigator, stated that a single wallet address launched 114 meme coin scams in the last 45 days...

The principal of a school in Florida sent $100,000 of school money to a scammer posing as Tesla Inc and Twitter CEO Elon Musk.  Jan McGee, the longtime principal of a charter school in southeast Volusia County, has resigned after it was revealed that she wrote the check to the scammer,...

Shark Tank is a popular reality television show which allows entrepreneurs and start-ups to make deals with well-known investors. Some prominent investors appearing on the show are Mark Cuban, Kevin O'Leary, Barbara Corcoran, and Daymond John.  Entrepreneurs present their...

An Instagram influencer, Jebara Igbara, also known as “Jay Manzini,” has pleaded guilty to luring investors into a multimillion-dollar Ponzi scheme. Authorities say he cheated his followers and drained almost $8 million in the sting.  According to a Justice Department report,...

A Dallas real estate developer accused of scamming Chinese investors out of more than $26 million was indicted Tuesday on charges of wire fraud and securities fraud.  Timothy Lynch Barton, 59, president of JMJ Development Inc. and CEO of real state investment firm Carnegie Development,...

The official Twitter account of Dogecoin (CRYPTO: DOGE) announced on Saturday that it had been exposed to a new scam and warned followers about the scheme to steal their funds.  The official account requested people avoid communication that pretends to be a technology support account or...

An estimated $5.4 million worth of cryptocurrency has been lost to scams perpetrated in the name of Tesla (NASDAQ: TSLA) CEO Elon Musk from 2018 to May 2022, an analysis conducted by blockchain visualization and risk mitigation software company Blockchain Intelligence Group (BIG) has revealed...

Blockchain security firm PeckShield on Sunday warned that DogeMother, one of the many Dogecoin (CRYPTO: DOGE) offshoots, is actually a scam.  DogeMother, which has a total supply of 1,000,000 tokens, was once touted as “the most caring” new coin that was “unruggable....

Members of the Shiba Inu (CRYPTO: SHIB) community speculated about whether the SHIB whale who purchased 3 trillion tokens could actually be the creators behind the scam token Squid Game (CRYPTO: SQUID). What Happened: On Dec. 8, WhaleStats reported a whale purchased 3 trillion SHIB tokens...

Shiba Inu (CRYPTO: SHIB) — the memecoin advertised as Dogecoin-killer (CRYPTO: DOGE) turned utility token — issued a warning to its investors after they were targeted by scammers. What Happened: In a Sunday tweet, Shiba Inu's team warned its followers "of a...

Squid Game (CRYPTO: SQUID) is a token named after Netflix Inc’s (NASDAQ: NFLX) hit Korean language show. But aesthetically, there is no similarity between the two, as reports suggest this is a total cryptocurrency scam.  The crypto shot up over 1200% yesterday, luring people to...

Cryptocurrency project DeFi100 (CRYPTO: D100) has informed its investors that it defrauded them of their funds. What Happened: According to a Saturday tweet by a cryptocurrency analyst, DeFi100 announced that it scammed its users in the following unkind and inelegant message: “We...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk is on a tweet-spree promoting Dogecoin (DOGE) and scammers are seeing an opportunity to make some quick bucks. What Happened: A sophisticated giveaway scam in the name of Elon Musk was spotted across social media platforms, including those of Twitter Inc. (...