Social engineering crypto scams mainly targeted celebrities in 2024, analysts say
Crypto scams driven by social engineering soared in 2024, with analysts warning that scammers are increasingly targeting celebrities and tech leaders. In a Feb. 11 research report, analysts at blockchain forensic firm Merkle Science revealed that in 2024, scammers targeted high-profile figures by hacking their accounts. After gaining access, they quickly promoted fake token launches […]
The antidote to AI-driven scams
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In February of 2022, Netflix’s documentary, The Tinder Swindler, sparked widespread discussion that coincided with the first market correction of the year. The documentary rocked the web3 community, briefly shifting the focus […]
Coinbase users lose over $65m in widespread scams
Crypto sleuth ZachXBT urges Coinbase to take action after its users reportedly got scammed for tens of millions from Dec. 2024 to Jan. 2025 alone. In a viral thread that has reached millions of views, ZachXBT and zeroShadow web3 security investigator tanuki42 compiled reports from Coinbase users who lost their funds in a series of […]
North Dakota mulls bill to safeguard consumers from crypto ATM scams
North Dakota regulators are debating a bill that introduces consumer protections to combat scams involving cryptocurrency ATMs. During a Jan. 22 hearing, lawmakers in North Dakota discussed House Bill 1447, introduced to the state’s legislative assembly earlier this month, which seeks to cap daily withdrawals, regulate transaction fees, and mandate fraud warning notices on crypto […]
Crypto scams and hacks surpass $3b in 2024, up 15% from 2023
Crypto investors faced a tough 2024 as hacks and scams exploited weaknesses, costing billions in losses. Crypto-related hacks and scams cost the industry $3.01 billion in 2024, reflecting a 15% rise from $2.61 billion in 2023, according to data published by PeckShield. In an X post on Thursday, Jan. 9, the blockchain forensic firm revealed […]
India is working with Google and Facebook to tackle crypto pig butchering scams
India is working with tech giants Google and Facebook to combat a surge in pig butchering scams, which often involve cryptocurrencies being used both as a hook to lure victims and a tool to launder the stolen funds. According to the 2024 annual report from the Indian Union Home Ministry, pig butchering scams or investment […]
Crypto scams cost French victims €500m annually, AMF says
French authorities are grappling with an alarming rise in crypto scams, which contribute to an estimated €500 million in annual losses. Financial scams continue to inflict heavy losses on French consumers, with the Paris Public Prosecutor’s Office estimating that victims lose at least €500 million each year. In a Thursday press release on Dec. 26, […]
Influencers shilling memecoin scams face severe legal consequences
Why Elon Musk gets away with pumping Dogecoin but Kim Kardashian was fined $1.26 million: The laws around shilling crypto on social media. Source link
