Scam alert: Australia warns of self-managed superannuation funds investing in crypto

Scam alert: Australia warns of self-managed superannuation funds investing in crypto

As a consequence of the spike in scams, ASIC has recently shut down unlicensed financial services business A One Multi Services Pty Ltd, which seems to have received $2.4 million from investors. The Australian Securities and Investment Commission (ASIC) has warned investors of marketing efforts pushing Australians to switch from retail and industry superannuation funds … Read more

Crypto scam sites continue to draw Indians in droves

Cybersecurity firm Kaspersky had predicted a rise in thefts of Bitcoin back in December 2020. (Getty Images/iStockphoto)

NEW DELHI : Cryptocurrencies continue to fascinate Indians despite their high volatility and uncertain legal status, with a large number of them seemingly unmindful of the risks involved. Over the last two years, Indian users have visited many websites running crypto scams millions of times, according to data sourced from blockchain tracking firm Chainalysis Pte … Read more

FTC Issues New Crypto Payment Scam Alert – What You Need to Know

FTC Issues New Crypto Payment Scam Alert - What You Need to Know

Editorial IndependenceWe want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.There’s a new cryptocurrency scam to watch out for, the Federal Trade Commission … Read more

Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance – Bitcoin News

Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance

Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam which resulted in the loss of $100 million dollars for Pakistanis, media reports revealed. Fraudsters Lure Pakistanis to Invest in Cryptocurrency Through Binance Pakistan’s … Read more

FIA issues notice to crypto exchange Binance in multi-million dollar scam – Pakistan

FIA issues notice to crypto exchange Binance in multi-million dollar scam - Pakistan

The Federal Investigation Agency’s (FIA) Cyber Crime Wing (Sindh) said on Friday that it had issued a notice to an official from Binance, a popular cryptocurrency exchange, while investigating a multi-million dollar scam. In a press release, the FIA said that the Cyber Crime Wing had issued an order of attendance to Hamza Khan, the … Read more

What is a honeypot crypto scam and how to spot it?

What is a honeypot crypto scam and how to spot it?

What is a crypto honeypot and why is it used?Smart contracts programs across a decentralized network of nodes can be executed on modern blockchains like Ethereum. Smart contracts are becoming more popular and valuable, making them a more appealing target for attackers. Several smart contracts have been targeted by hackers in recent years. However, a … Read more

The Wolf of Wall Street says the dogs of crypto coins are a scam and their creators should be jailed

The Wolf of Wall Street says the dogs of crypto coins are a scam and their creators should be jailed

Cryptocurrency meme coins are wolves in dogs’ clothing and their creators should be thrown in jail, according to a Wall Street expert.The real-life Wolf of Wall Street, Jordan Belfort, says “s***coins” like Shiba Inu and Dogecoin are outright scams with no value and no use.Both coins, which share the name and mascot of a breed … Read more

The FBI has put out a PSA about an interesting crypto scam

The FBI has put out a PSA about an interesting crypto scam

The FBI is warning people of a new breed of scam involving cryptocurrency ATMs. A con artist convinces a person to put cash into a cryptocurrency ATM and send the purchased coins to the scammer using an address stored in a QR code (via CoinDesk). While the actual scamming is relatively low-tech, it’s an interesting … Read more

Vaccine certificates-for-sale scam undermines Lesotho’s Covid effort | Global development

The Lesotho government’s plans to implement a Covid passport system this week are being undermined by widespread fraud involving certificates being sold to unvaccinated people.Covid-19 vaccination certificates are being sold for less than £20 by unscrupulous health workers to the largely vaccine-averse population in Lesotho, where there has been little positive campaigning around the jabs.The … Read more

What We Can Learn From OneCoin, Crypto’s Biggest Scam

What We Can Learn From OneCoin, Crypto's Biggest Scam

Cryptocurrency investing can be an adventure. There are over 12,000 coins to choose from, the market can post dramatic gains or losses in a single day, and crypto projects range from the world-changing to the ridiculous.Volatility is part and parcel of crypto investing. Getting caught up in cryptocurrency scams shouldn’t be. Sadly, crypto’s short history … Read more