Malicious

Tether CEO Paulo Ardoino has slammed Ripple chief Brad Garlinghouse for his comments about enforcement action against Tether, adding he was spreading fear, uncertainty, and doubt (FUD) about USDT.  Ripple has plans to launch its own stablecoin product in the near future.  Ripple CEO Claims Authorities Going After Tether   Tether has been able to carve out a dominant position in the market thanks to its USDT stablecoin, which boasts the highest trading volume and market capitalization among stablecoins. However, Tether…

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 as bait. Subsequently, the scammer instructs the user to…

The crypto sleuth ZachXBT has warned about a group of scammers who are attempting to lure more victims by using millions in stolen funds in a new scheme. The investigation found that the same group who stole from projects like Magnate, Kokomo, Lendora, and Solfire is now back with a new project on Blast, Leaper Finance. Multi-Million Dollar Rug Pull Scam Network According to ZachXBT’s findings disclosed in a thread on X, the group has a history of executing rug…

Despite network outages, Solana has witnessed a flurry of projects launched on top of its blockchain. Such a trend typically depicts a growing demand. But the latest report paints a different picture. These fraudsters were found to be capitalizing on users’ heightened risk appetite, fueled by FOMO amidst a market-wide resurgence. In a report shared with CryptoPotato, blockchain security company Blockaid revealed that 50% of recent pre-sale token launches on Solana have been malicious. The strategies employed by fraudsters within…

An anonymous cryptocurrency investor with the username “Sell When Over” on X has reported a loss of $800,000 due to two allegedly malicious Google Chrome browser extensions. The investor first raised the alarm with a post on X, revealing that they had discovered a loss of $500,000 from multiple wallet applications. Chrome Extension Attack Leads to $800k Loss “Think I got extension attacked, with two suspicious extensions that appeared on my Chrome browser,” they disclosed. Further investigation by the victim…

Ledger Live is a malicious Chrome extension that was discovered on the 5th of March 2020 by MyCrypto's Director of Security, Harry Denley. Users who download the extension can potentially have their Ledger wallets' recovery seeds stolen by it. In an official Tweet, Ledger Support issued a warning regarding this fake Chrome extension on the same day of its discovery. Ledger Live App The similarly named original Ledger Live app is a legitimate mobile and desktop app available to Ledger…