Scammers

The post Polygon’s Community Discord Channel Compromised, Users Misled By Scammers As Support Agents appeared first on Coinpedia Fintech News Blockchain platform Polygon’s community Discord channel has been compromised. Its Chief Information Security officer confirmed the breach and has urged the users to avoid clicking on any links shared within the Discord channel until the situation is fully resolved. This incident has raised concerns about security measures, even though all privileged accounts had two-factor authentication enabled. The support channel on…

The ongoing surge of interest in Solana meme coins is still very much on. The meme coin frenzy on Solana has largely kept SOL token prices afloat within monthly averages even after the recent Bitcoin crash. However, the smart money is moving away from Solana meme coins in favor of utility tokens like Kaspa (KAS) and exciting new crypto presale Rollblock ($RBLK). And why not? Utility tokens, after all, have held their value better over time and are less prone…

The post Scammers Hack Microsoft India’s X Account To Promote Fake Gamestop Presale appeared first on Coinpedia Fintech News Microsoft India’s Twitter account, with over 211K followers, was hacked by scammers to promote a fake GameStop crypto pre-sale. The scammers posted videos of Roaring Kitty, linking it to an unverified site claiming to offer a GME crypto presale. Experts suggested that the breach could result from a SIM-swapping attack, a common method to bypass two-factor authentication. The phishing site was…

The post How AI-Driven Deep Fake Scammers Are Looting Millions From Crypto Users appeared first on Coinpedia Fintech News Scammers are using Deepfake AI technology to con millions of dollars from crypto users and this is becoming a major issue in the crypto space.  The cryptocurrency market has recently faced a major issue when the deepfake AI application was used to conduct a large-scale theft and take $2 million from an OKX user.  Here is how the hack unfolded  The…

In the early US hours, Arkham Intelligence reported that the United States government had transferred over $90 million worth of Bitcoin and Ethereum, previously seized from two Estonian nationals involved in a vast cryptocurrency fraud and money laundering scheme. This move captured the attention of the cryptocurrency community, just days after the transfer of approximately $2 billion in Bitcoin related to the infamous Silk Road marketplace. Arkham Intel, utilizing its advanced tracking technology, noted that just two hours ago, the…

The leading cryptocurrency exchange Binance released a report explaining the way scams targeting cryptocurrency investors attempt to achieve credibility. The report, released on June 30, noted that the observations are based on an examination of reports of fraudulent investment schemes which promises quick or exponential returns on cryptocurrency investments. Binance Sentry which is an internal risk intelligence unit structured within Binance’s security team examined the reports, thereby coming up with its observations. However, the frauds go beyond cryptocurrency but likewise include forex,…

It seems scammers are leveraging the current situation surrounding COVID-19 pandemic to swindle more people as more users filed reports on Bitcoin extortion last month. Reports filed by users of BitcoinAbuse.com database surged by 1,300 percent in April. People are allowed to report suspected criminal cases related to Bitcoin extortion on BitcoinAbuse.com. According to the website’s founder Alan Reed, the website was established in response to the WannaCry ransomware. Since the beginning of this year, 68,000 reports with 21,000 unique Bitcoin addresses…