Cryptocurrency Scams

Elon Musk's X, formerly Twitter, has a seemingly never-ending cryptocurrency spam problem. Now, one of the modes being used by these cryptocurrency scammers has been revealed. What Happened: Cryptocurrency scammers are abusing a loophole in the way X surfaces posts by decoding links that users...

India's Ministry of Home Affairs (MHA) is taking steps to address the rise in cryptocurrency-associated illicit activities by initiating the development of the Cryptocurrency Intelligence and Analysis Tool (CIAT). This endeavor is spearheaded by the Indian Cyber Crime Coordination Centre, an...

About $16.7 billion in cryptocurrencies was stolen between January 2011 and February 2023, highlighting growing illegal activity in the cryptocurrency and DeFi markets, according to a report. DeFi Hacks On The Rise The study conducted by Crystal Blockchain, which covered ...

Among the most tweeted about topics by Elon Musk is cryptocurrency. Could the recent announcement that the world’s richest person took a stake in Twitter Inc (NYSE: TWTR) lead to a crack down on cryptocurrency giveaway scams? What Happened: The Tesla Inc (NASDAQ: TSLA) CEO is now the...

The United States Securities and Exchange Commission (SEC) charged “modern-day snake-oil salesmen” siblings for allegedly defrauding cryptocurrency investors out of $124 million. What Happened: In a Tuesday statement, the SEC announced that it charged John and Jonatina Barksdale...

Scammers pretending to be Tesla Inc (NASDAQ: TSLA) CEO Elon Musk appear to have taken over a Twitter account belonging to the Consulate General of Indonesia in Kota Kinabalu, Malaysia.  What Happened: The verified account belonging to the diplomatic outpost on the Malaysian part of Borneo had...

Scam or no scam, there is no stopping the Squid Game (CRYPTO: SQUID) token, which rose 130% over 24 hours at press time. What Happened: The beleaguered token based on Netflix Inc’s (NASDAQ: NFLX) hit show “Squid Game” shot up 133.41% over 24 hours to $0.7846. Over the last seven...

Cryptocurrency exchange Binance is reportedly investigating the Squid Game (CRYPTO: SQUID) token in order to pursue the matter with law enforcement. What Happened: The largest cryptocurrency exchange by volume, Binance, is looking into the Binance Smart Chain token Squid, a play-to-earn token...

Meta Platforms Inc’s social media platform Facebook Inc (NASDAQ: FB) verified a page purporting to represent Tesla Inc (NASDAQ: TSLA) CEO Elon Musk. What Happened: The page, which is accessible through a truncated URL: https://www.facebook.com/ElonMuskoffici, sports a blue tick mark with an...

Kim Kardashian asked her followers to “speculate” on Ethereum Max (CRYPTO: EMAX), which according to the United Kingdom’s Financial Conduct Authority Chair Charles Randell may have been the “financial promotion with the single biggest audience reach in history,” BBC...

While Tesla Inc (NASDAQ: TSLA) and Miley Cyrus were making their “Saturday Night Live” appearance, some unscrupulous actors were running a Dogecoin (DOGE) scam impersonating the latter on Twitter Inc’s (NASDAQ: TWTR) platform. What Happened: On Sunday, a tweet which was disguised...

On Feb. 22, Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk sent out a tweet: “Dojo 4 Doge” that ended up costing a man bitcoins (CRYPTO: BTC) that would be worth above $561,000 at press time. The Enthusiasm: Musk’s tweets on Dogecoin (CRYPTO: DOGE) have been abundant this year and...