Scam

On April 29, Dutch law enforcement arrested a man believed to be connected to the fraudulent activities associated with the ZKasino internet gambling platform. During the operation, authorities confiscated assets valued at approximately 11.4 million euros ($12.2 million), including cryptocurrency, real estate, and luxury vehicles. Dutch Authorities Seize Millions in Assets According to a Fiscal Information and Investigation Service (FIOD) report, the 26-year-old man was arrested under suspicion of fraud, embezzlement, and money laundering in connection with the scam, which…

Crypto hackers have claimed another major victim, fooling him into sending $68 million to a wallet he thought was somebody else’s. Blockchain data indicates that a once-wealthy Ethereum user lost all of his Bitcoin holdings after hackers contaminated a recipient’s wallet history. The user now holds just $1.6 million in crypto at his address. The Danger Of Address Poisoning According to Etherscan, the sending wallet’s remaining assets include 0.89 ETH ($2,747) and 1.63 million dollar-pegged DAI stablecoins. The assets stolen…

The post Crypto Scam Alert: Man Loses $71 Million Worth Of WBTC To A Scammer! appeared first on Coinpedia Fintech News An anonymous user lost WBTCs worth roughly $71 Million today to a scammer. A few hours ago, a guy created a new wallet and transferred 0.05 ETH to his new address. However, a scammer generated an address with similar initials and endings and transferred 0 ETH to him so the transfer appeared in his transaction history. While transferring the…

The post Hugewin in 2024: Scam or Not? How Hugewin Is Changing the Rules of Online Betting appeared first on Coinpedia Fintech News The iGaming industry has been on a tremendous climb as of late, with the industry’s projection soaring to $100 billion. This outstanding growth doesn’t show signs of stopping, as it’s expected to soar to $138 billion by 2028. With the industry’s daily growth, players and investors are looking for the best casino out there to quench their…

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 post Is Mining BTC with NFTs Legit or Scam: GoMining In-Depth Review 2024 appeared first on Coinpedia Fintech News Since it was created back in 2009, Bitcoin has been the trailblazer of the crypto world. Climbing to unprecedented heights, everyone wanted a piece of the action, everyone, that is, until the cryptocurrency ran into stormy waters. Of course, every asset experiences such turbulence. However, it didn’t stop many from jumping ship and the resulting crash to follow. Nevertheless, crypto…

The X account of famous actor Tom Holland, which has over 7 million followers, was recently hacked. The attackers used his platform to promote a fake cryptocurrency and NFT scheme. Fake ‘Spiderverse’ Partnership with Binance The compromised account was used to announce a partnership with the global crypto exchange Binance, supposedly launching “Spiderverse” tokens. A link to a fake website was attached, enticing users to gain early access to the fake SPIDER cryptocurrency and Spiderverse NFTs. Tom Holland’s Twitter/X account…

The post Zachxbt’s Intervention Halts a 6-Figure Scam Amidst the Rise of Crypto Phishing Attacks appeared first on Coinpedia Fintech News The infamous on-chain sleuth, Zachxbt has been making news due to his rapid response to crypto phishing scams that prevented crypto from falling into the wrong hands.  Zachxbt in his x post revealed that he averted a phishing attack that caused a theft of six figures from a victim. The attacker was a customer of a popular draining service…

Crypto crimes are on the rise across the world, especially with the market-wide boom. Elderly individuals, for one, are one of the most targeted groups, preyed on by fraudsters who convince them through different means to exchange their funds for crypto while promising substantial investment gains. This has prompted authorities to intensify their crackdown. In the latest development, South Korean authorities have reportedly arrested two anonymous individuals in their 20s and 30s for orchestrating a similar scam that targeted a senior…