Bitcoin Scam

Instagram Influencer Jay Mazini has pled guilty to stealing $2.5 million in Bitcoin from his victims in one of multiple giveaway scams. The influencer – whose official name is Jebara Igbara – faces up to 20 years in prison for his crimes. As the Department of Justice (DOJ) announced on Wednesday, Mazini has specifically pled guilty to wire fraud, wire fraud conspiracy and money laundering. Mazini was known for social media stunts like giving away large amounts of cash to…

Small crypto startups are being duped for hundreds of thousands of dollars worth of Bitcoin by figures posing as VCs. Victims reportedly include RematicEGC (RMTX), Taboo token (TABOO), and InstantXRP (INSTANT XRP) – all of which recently suffered massive price dumps. Rematic Gets Robbed Mike Pazuki – CEO of RMTX – recently spoke with CryptoAdventure to share details regarding the scam. He recalled being contacted by two individuals through LinkedIn that claimed to be investors. They both expressed initial interest…

On July 15, 2020, a massive hack described as "a coordinated social engineering attack" by Twitter targeted multiple high-profile users, including Tesla's Elon Musk, investor Warren Buffet, Amazon's Jeff Bezos and many others. The attack prompted Twitter CEO Jack Dorsey to say that it was a tough day for the social media platform. https://twitter.com/jack/status/1283594553618911232?s=19 The hack which targeted crypto users suggests that scammers managed to either find a severe security loophole in Twitter's login recovery process or that they somehow…