Is Sam Bankman-Fried the Culprit of the Ultimate FTX Collapse?
Only one month had passed when Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, filed for bankruptcy on behalf of his company and Alameda...
Category : Crypto Scams
California has Designated 17 Virtual Currency Sites as Potentially Fraudulent
The Department of Financial Protection and Innovation (DFPI) of California has issued 17 public warnings on the activity of digital asset platforms. The DFPI claims...
The BitKeep Exploiter Enticed Users by Using Phishing Sites
Blockchain analytics firm OKLink released a study detailing how phishing sites were utilized in the December 26 BitKeep vulnerability to trick users into downloading fraudulent...
Oracle Attack of $1.26 Million on Solana-Based Lending Platform Solend
The Solana-based lending protocol Solend reported $1.26 million in bad debt due to an oracle attack. PeckShield, a security firm, reported the incident on Wednesday....
Australian Regulator Warns about Fraudulent Crypto Marketing
In a press release dated October 25, the Australian Securities and Investments Commission (ASIC) said that BPS Financial Pty Ltd (BPS Financial) had been the...
As Scrutiny Intensifies, California Cracks Down on Cryptocurrency Scams
As part of its efforts to enforce California securities laws, California’s Department of Financial Protection and Innovation has released desist and refrain orders against 11...
China’s Police Have Detained a Criminal Gang Accused of Laundering More Than $5 Billion in Crypto
During a press conference on 23 September 2022, the Hengyang County Public Security Bureau in China discussed the “100-day operation” of the Summer Public Security...
A South Korean Court Issues an Arrest Warrant for Terra’s Do Kwon
Do Kwon, co-creator of Terraform Labs, the company behind the Tera Luna and Terra Classic USD cryptocurrencies, is the subject of an arrest warrant (LUNA)....
The U.S. Treasury has provided withdrawal guidelines for Tornado Cash Customers
Customers of the now-banned cryptocurrency mixer Tornado Cash have been given withdrawal guidelines by the U.S. Treasury. On August 8, the Treasury added Ethereum (ETH)-based software to the Specially Designated Nationals list, saying there was a “national security concern” with...
A lawyer from Pune was duped in a cryptocurrency scam by BitConnect
A Pune lawyer has filed an FIR after being conned of Rs 42 crores in a Bitcoin scam by BitConnect, a crypto investment platform. For...