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OpenSea Users Suffer A Hacking Attack

OpenSea, the world’ biggest NFT marketplace, recently fell victim to a hacking attack. According to the details of the still-ongoing investigation, the attackers targeted OpenSea users, not the site itself. The platform’s CEO said that attackers tricked users into signing malicious payloads in order to...
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Is The EverGrow Coin A Scam With 20,000 HODLers Now Victims?

Everywhere we turn, someone’s trying to rob a bank. Is Evergrow the latest man in a black hat? Just over a decade since the minting of Bitcoin, it has exploded into a multi-trillion-dollar industry. Bitcoin has a market cap of over $81 billion, with a...
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The Amazon Token Scam That Is Hooking New Victims

These details could be their credit card information, physical addresses, and more revealing data. Once in their hands, the data can facilitate the execution of other nefarious actions by selling it on the dark web, wire fraud, and other illegal activities. After being duped, victims...
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The Squid Game Token Scam That Investors Fell For Twice!

A new cryptocurrency based on a famous South Korean TV program, "Squid Game," quickly rose in value. It launched on October 20th and grew by more than 23 million percent in a week. SQUID was supposed to be the token for the pay-to-earn game. Unfortunately,...
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FTC Issues Warning Against Scams Involving Crypto ATMs

Crypto Investors Should Beware of ImpersonatorsAccording to a blog post, the FTC noted that there were scammers who have devised a method to deceive people into parting with their cryptocurrency assets. The agency stated that the scam tactics comprised an impersonator, a QR coded, and...
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DeFi Crypto Scams On The Rise – How To Protect Yourself

However, with the increase in the market cap of DeFi protocols, so also the rise in scams in the sector. This piece looks at the various DeFi scams and how investors can protect themselves. Types of DeFi scamsThe various types of DeFi scams are outlined...
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How Do Scammers Cash Out Ill-Gotten Gains?

On November 18, Elliptic published a report on decentralized finance (DeFi) fraud in 2021. Elliptic stated that victims lost over $12 billion in DeFi between January and November in the information. The firm noted that $10.8 billion was lost to fraud and theft. That represents...
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Is Hex A Scam?

Despite the positive agenda upon which cryptocurrency and digital money were established, many people have conducted scams that use cryptocurrency to deceive the less enlightened. Is HEX the Most Salient Scam to be Reviewed?The scam is one of the significant challenges and reasons why newbies...
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Criminal Activity Thrives On DeFi As $10.5bn Lost To Fraud And Theft

Ever since it became popular, the crypto industry has been seeing major amounts of money go through it. Not quite at the level of traditional finance, of course, but still pretty large. And, since it remains unregulated, that money is sometimes not properly secured, and...
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How To Spot A Crypto Scam In 5 Easy Steps

Step 1: Insisting on Crypto PaymentThe first red flag is when the seller or vendor insists that they only accept payment in crypto. While some may be legit, others are not. Cryptocurrencies are a growing asset class. For this reason, most credible vendors will not...
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YouTube Videos Promising Returns If You Send First — SCAM!

New investors are the ones who are most culpable for such scams. New investors are always looking for a way that they can start enjoying returns from their crypto investments. However, most of these new investors view the crypto market as complex; hence, they go...
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The $24 Million Dallas Crypto Scam – How It Happened?

If they had been told that it was all part of an elaborate and well-packaged fraud, only a few would have believed it. Such was the excellent charismatic sales skills and knowledge of human behavior of culprit duo Bruce Bise and Samuel Mendez possess, that...
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Tyson Fury The Latest Celeb To Market Scam EtherumMax Token

Is EthereumMax a fraud? Well, we do not know that for sure but a lot of people have been skeptical about it, and for valid reasons. EthereumMax or Emax has been promoted by several celebrities, the latest being Tyson Fury, the 33-year-old British WBC Heavyweight...
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ICP Subject To Rug Pull Allegations – Is It A Scam?

The ICPcryptocurrency was launched on May 10, and at the time of going live, it was trading at an estimated price of around $630. However, shortly after being launched, it lost nearly 95% of its value, which prompted most people to believe that the token...
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My Three Favorite Signs Of A Crypto Scam

If It’s Too Good to Be True, It Probably IsI can attest to this one through personal experience. When I was a project manager looking for freelance copywriters, I came across a German national living in Dallas who seemed to have the background I was...
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Netflix Set to Release Documentary about CEO of QuadrigaCX Exchange

In a post on Twitter, Netflix stated that the documentary would be dubbed "Trust no One: The Hunt for the Crypto King." Documentary to Look into Cotten's DeathThe synopsis of this documentary shows investigators, who were previously investors at QuadrigaCX, taking the initiative to investigate...
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BitConnect and the Exit Scam That Still Shocks Crypto Investors Today

The Securities and Exchange Commission (SEC) has filed an action earlier this month against the masterminds behind the cryptocurrency lending platform and scam BitConnect. As part of its ongoing crackdown, which dates back to 2018, the SEC announced new charges against BitConnect founder Satish Kumbhani,...
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3 Countries Where Crypto Is Banned And Why

To put things into perspective as to how bad things had really become some years ago, a report shows that over the first half of 2018, a whopping $12 billion was compromised as a result of various rug pull schemes, exit scams, etc. In this...
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How To Spot A Fake DeFi Platform

The decentralized finance (DeFi) sector made headlines in 2020 and saw a plethora of projects with DeFi applications. While the market did not start in 2020, it, however, became popular in the middle of 2020. However, its popularity has come with a litany of bad...
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Most Tokens Are Scams – How To Avoid Rugpulls

Cryptocurrencies are all about blockchain technology, which means that a token needs to power a particular network to hold value. For example, ETH tokens are viable investments because of the power of the Ethereum network. The network has become highly popular in decentralized finance and...