Scam news
In a recent publication, Australia’s Department of the Treasury revealed plans to levy new codes and business standards to address financial crime. The regulatory agencies formulated a consultation paper detailing the new approach for mitigating consumer and business scams. The report mirrors…
Top accounting firm KPMG through its Canadian arm has partnered with on-chain analysis firm Chainalysis to help organizations combat crypto-related fraud in the country. According to a statement, KPMG will be working with Chainalysis’ “Solution Provider” program, offering “rigorous monitoring, support, governance…
With the advancement in the digital sector crypto has become a tool for conducting unlawful activities forcing industrial players to take decisive action to protect the digital industry from collapsing. As part of the pivotal role to shield the crypto industry from…
Ledger wallet users have suffered loss to the tune of $588,000 due to a fake Ledger Live App. blockchain security firm ZachXBT announced this in a tweet on 5 November. The fake app named “Ledger Live web3” was reportedly found on the…
Ethereum co-founder Vitalik Buterin has recovered his Twitter handle after an attack that led to the hijacking of the account. Buterin confirmed his T-Mobile account was a victim of a sim swap that led to the takeover. A sim swap is a…
Bankrupt crypto exchange FTX, and insolvent digital asset lenders BlockFi and Genesis have come under a SIM swap attack leading to leaking of their customers’ data. Bankruptcy claim vendor in charge of the three companies, Kroll confirmed the incident in a statement…
Crypto exchange Gemini has sued Digital Currency Group (DCG) and its founder Barry Silbert on Allegations of fraud. Specifically, Gemini co-founder Cameron Winklevoss is pursuing the case to prove that Silbert was responsible for the losses of creditors. The lawsuit is accusing DCG…
Bitcoin Depot, North America’s largest crypto ATM provider, went live on Nasdaq Stock Exchange on Monday, July 3. The launching of Bitcoin Depot ranked as the first America Bitcoin ATM provider to be available on Nasdaq. According to Nasdaq, Bitcoin Depot is…
Simon Callaghan, the newly appointed chief executive officer at Blockchain Australia, announced today the need to address crypto scams. Callaghan urged the financial institutions in Australia to join hands with the government and crypto firms in implementing proactive measures to avert crypto-related…
Telegram, a prominent giant in messaging apps, has recently incorporated support for the well-known USDT stablecoin on the wallet bot thereof, as per the reports. The respective integration will enable the consumers to sell and purchase USDT tokens straightly within the platform’s…
In the latest development of an ongoing crypto scam investigation, the employees of Braiscompany, a Brazilian firm allegedly involved in a fraudulent scheme, were caught on camera trying to remove evidence from the company’s premises. The video, which has been making rounds…
In a shocking turn, Seychelles-based virtual currency exchange OKX has recently unearthed $157 million in online holdings owned by prominent firms FTX and Alameda Research. As a result of the discovery, OKX has pledged to transfer the assets to the insolvency estates…
NatWest has taken a firm stance on protecting its customers from the risks of cryptocurrency-related fraud. From now on, the daily limit for transfers to such exchanges will be capped at £1,000, with a monthly limit of £5,000. According to NatWest’s head…
Documents filed to the court earlier this month claim that Aiden Pleterski, Canada’s self-proclaimed Crypto King, was kidnapped and brutalized while being held for ransom. Pleterski, 23, is accused of operating an investment Ponzi scheme, and following the bankruptcy proceedings that started…
On Tuesday, former OneCoin director of legal and compliance Irina Dilkinska was handed over to US authorities by the Bulgarian government. OneCoin was a crypto Ponzi scheme that left investors counting combined losses of $4.9 billion. Dilkinska is believed to have created…
There are still layers of information that are to be unfolding on the matter of the biggest banking failure in the history of the USA. One such revelation has been published recently about Signature Bank. The secret report has suggested that the…
The core developers at Hedera have confirmed that hackers have recently targeted several liquidity pools on its DEX platforms. The crypto entity is currently dealing with the theft of tokens taken from its native DEXs. According to the project engineers, hackers targeted…
A class-action legal case proposes that a significant role has been played by Silvergate in the alleged scam that took place at FTX (the crypto exchange of Sam Bankman-Fried). The petitioners assert that the crypto bank has also been responsible for the…
Top law enforcement agencies along with the judicial authorities in Turkey and Russia have agreed to the need for Mutual Legal Assistance (MLA) agreement for preventing cybercrimes in the digital industry. Further collaboration will be made between the two countries for stopping…
Fast Refund Group Review In online businesses, scammers steal your funds and flee away without being questioned by the regulators. Here is a way to get back your money. Fast Refund Group is a unique centre to provide services to those investors…
