If you Google “NFT scams,” the results will likely lead you down a rabbit hole filled with, in some cases, actual cartoon rabbits.Non-fungible tokens (NFTs) have exploded into a multibillion-dollar sector of the crypto industry in the last 12 months alone. Top collector’s items, such as rare pieces from the Cool Cats and Bored Ape Yacht Club collections, trade for upwards of … [Read more...] about NFT Scams: How to Avoid Falling Victim
Scams
New to Bitcoin? How to Stay Safe and Avoid These Common Bitcoin Scams
In any such unsolicited email, make sure you look at the sender’s address. A key clue in any phishing email is a slight misspelling of a real address or URL. For example, with the Ledger phishing scam, the email was from a “legder.com” URL, which is misspelled. An attacker will try to make the incoming email seem as real as possible, so always double-check. Another tip is to … [Read more...] about New to Bitcoin? How to Stay Safe and Avoid These Common Bitcoin Scams
DeFi ‘Rug Pull’ Scams Pulled In $2.8B This Year: Chainalysis
Thodex was the only ‘centralized’ rug pull on the list, with all others belonging to the decentralized finance (DeFi) category. DeFi projects rely on smart contracts for offering financial services, such as trading, lending, or borrowing, to users. Source link … [Read more...] about DeFi ‘Rug Pull’ Scams Pulled In $2.8B This Year: Chainalysis
FBI Warns of Scams Using Crypto ATMs and QR Codes
The Federal Bureau of Investigation (FBI) is warning that there has been a rise in fraudulent schemes using cryptocurrency automated teller machines (ATMs) and quick response (QR) codes to facilitate payments.The FBI said it has seen an increase in scammers directing victims to use physical crypto ATMs and QR codes to complete payment transactions.Scammers will request payment … [Read more...] about FBI Warns of Scams Using Crypto ATMs and QR Codes
Eastern European victims sent $815M to Ponzis and scams in the past year
Recent research has revealed that Eastern Europe remains a very high source of cybercrime activity — both from victims to scams, and from users to darknet markets — in the cryptocurrency sector.Cryptocurrency addresses based in the Eastern European region have the second-highest exposure to illicit activity after Africa, according to a report published on Sept. 1 by blockchain … [Read more...] about Eastern European victims sent $815M to Ponzis and scams in the past year