Category

Crypto Scam

Category
goldcoinscam
In Crypto Scam

Peter Schiff Has Been Targeted In Fake Gold Coin Scam On Twitter

Peter Schiff, a prominent personality in the finance realm and a vocal adversary of cryptocurrencies, recently found himself entangled in a deceitful scheme involving counterfeit gold coins on Twitter. Known for his staunch skepticism towards digital assets, Schiff surprisingly took a step into the world of blockchain technology by introducing an artistic NFT collection created through collaboration. This collection is set to be auctioned on the Bitcoin network. However, in a twist of events, hackers…

Read More
crypto_hack
In Crypto Scam

TikTok Influencer Pleads Guilty to Fraudulent COVID Relief Loan Scheme

Danny Devan, a TikTok influencer with over 1 million followers, has pleaded guilty to wire fraud, aggravated identity theft, and money laundering related to COVID relief loans. He allegedly attempted to defraud lenders and the U.S. government by seeking $1.2 million in relief loans using fake documents. Devan is accused of creating fake businesses and using the identities of other people to apply for the loans. He then allegedly used the money to buy cryptocurrency…

Read More
orbiterfinance
In Crypto News

Orbiter Finance Discord Server Compromised

The Orbiter Finance Discord Server was compromised by malicious hackers who posted a fake phishing link in their announcements. This breach not only puts the security of the server at risk but also poses a threat to the community members who may unwittingly fall victim to the scam. Understanding the Phishing Attack What is a Phishing Attack? Phishing attacks are a form of cybercrime where malicious actors attempt to deceive individuals into providing sensitive information,…

Read More
unshcrypto
In Crypto News

Security Breach in unshETH Contracts Prompts Emergency Measures

The unshETH ecosystem has been hit by a security breach, leading to emergency measures and temporary withdrawal pausing. The deployer private keys for the unshETH contracts were compromised, prompting swift action to protect user funds. However, it’s important to note that the unshETH Ether deposits, amounting to $35 million in total value locked (TVL), remain secure due to the robust security measures in place. The team behind unshETH, a popular decentralized finance (DeFi) project, was…

Read More
twitter-crypto-scammer
In Crypto News

How Twitter Became a Breeding Ground for Crypto Scammers

Twitter, once a hub of innovation and excitement in the cryptocurrency space, is experiencing surge in crypto scam. Ideal place for crypto scammers to lure investors A surge in crypto scammers leveraging the platform to defraud unsuspecting users. These scammers exploit various tactics such as promoting memecoins, conducting presales, offering free minting, and even using paid verification to lend credibility to their scams. The Emergence of Crypto Scammers on Twitter: Twitter, with its vast user…

Read More
eldorado
In Crypto News

EDE Exploit: El Dorado Exchange Vulnerability Reveals $580,000 Loss

In recent developments, $EDE The El Dorado Exchange DEX (Decentralized Exchange) have fallen victim to an exploit, resulting in losses of approximately $580,000. This incident has raised concerns within the cryptocurrency community regarding the security and trustworthiness of the platform. The Exploit The exploiter, using the wallet address 0x80826e9801420e19a948b8ef477fd20f754932dc, employed a clever strategy to carry out the exploit. Funds were sent in smaller amounts to the ELP-1 pool in Arbitrum, a layer 2 scaling solution…

Read More