Scams

The post Pig Butchering Crypto Scams : How Feds Plan to Fight Them appeared first on Coinpedia Fintech News As the cryptocurrency space is evolving, it has attracted scammers as well. Every month we hear about hacks of crypto exchanges and exploits on various crypto protocols. Apart from these there are other kinds of scams growing rapidly in this ecosystem. One specific kind is the Pig Butchering scam. Federal agencies are getting ready to fight these scams. Let’s understand how…

The post August 2024 Crypto Security Report: Over $300 Million Lost to Exploits, Hacks, and Scams appeared first on Coinpedia Fintech News The month of August 2024 has seen many misfortunes with regard to the crypto space, which saw a rise in crypto loss of approximately $300.6 million to hackers, fraudsters, and other sorts of swindlers. Certik Alerts has reported this as the second-highest monthly loss for the year 2024 after a month which was laden with so many large…

The post Bitpanda Issues Critical Alert Over SMS-Based Phishing, Scams appeared first on Coinpedia Fintech News Bitpanda has issued a critical alert to its users and the broader crypto community, warning them about an increase in SMS-based phishing and scam attempts targeting user accounts. In a recent post, Bitpanda warns crypto users to beware of fraudulent scam messages, adding it will never ask users to call or send funds anywhere. Bitpanda also stated it would never request a user account…

The post Ripple Warns XRP Community Over Scams Following Major Victory appeared first on Coinpedia Fintech News Ripple has issued a warning about the proliferation of XRP-related scams following a recent court ruling. “Ripple and its executives will NEVER ask you to send funds anywhere,” the company stressed. Recently, scammers started trying to capitalize on Ripple’s recent foray into the stablecoin sector by creating fake tokens and passing them off as the company’s official product. Ripple has rushed to warn…

The post Shiba Inu Community Receives Alerts On Phishing Scams appeared first on Coinpedia Fintech News ShibArmy Scam Alerts has issued an alert to the Shiba Inu community on phishing scams, a type of cyber attack where malicious actors send fraudulent messages, often via email, that appear to come from a reputable source. The aim is to steal sensitive information such as usernames, passwords, and credit card details. It has also shared a few tips on recognizing phishing attempts, which…

The post Protect Your Digital Assets: Analysis of Q2 2024 Crypto Thefts and Scams appeared first on Coinpedia Fintech News The cases of blockchain crypto hacks have been on the rise as new developments are implemented. The MistTrack.io team from SlowMist.io reported 467 stolen fund cases in Q2 2024, with 146 international and 321 domestic incidents. They managed to assist 18 victims in regaining about $20.66 million across 13 platforms. Primary causes of theft 1. Private key leaks It is…

Victoria, Seychelles, June 28th, 2024, Chainwire Bitget, the leading cryptocurrency exchange and Web3 company, will launch a unique social project in Vietnam. The campaign aims to educate people on how to use cryptocurrency securely and prevent fraud through engaging and understandable posters and banners. These educational materials, which will provide tips on detecting and avoiding cryptocurrency scams, will be displayed in public spaces such as bus stops, subways, and street billboards. Vietnam, one of Southeast Asia’s most dynamic economies, has…

The post Crypto Hacks and Scams Surge in Q2, Costing Crypto Industry Over $573 Million appeared first on Coinpedia Fintech News The second quarter of 2024 was a tumultuous period for the crypto industry. There were 72 incidents where $572.7 million were lost to hacks and scams during this quarter, says the quarterly report from Immunefi. This is an enormous leap from $336.3 million that were lost in the previous quarter marking a whopping 70.3% increase and almost double too…

Nearly a month after Caitlyn Jenner launched her JENNER token, the celebrity memecoin frenzy continues. This time, iconic heavy metal band Metallica joined the list of public figures involved with Solana tokens. However, the band’s participation in the crypto industry was yet another X account hack targeting investors. Solana-Based METAL Takes Over Crypto The iconic heavy metal band Metallica recently announced a collaboration with the popular videogame Fortnite. The collaboration seemingly aims to bring the band’s music to a new…