Crypto Scams Are Always There. Avoid Getting Rug-pulled With These Tips

Cryptocurrency has captured the world’s attention after the pandemic, and notorious scammers have taken notice too.

Tech Savvy Crooks Are Stealing Millions in Bitcoin, Ethereum and Shiba Inu Through YouTube Live: Report

Scammers are using compromised YouTube accounts to steal millions of dollars in crypto from unsuspecting viewers, according to a new report.

Acid, Bitcoin mining and a bad trip to North Korea

Ethan Lou is a journalist turned Bitcoin miner turned two-time author whose latest book, Once a Bitcoin Miner: Scandal and Turmoil in the Cryptocurrency Wild West, is a modern western recount a gloomy millennials rebirth in the wild west of crypto complete with scammers, party drugs and a North Korean crypto conference.Want to go to a crypto conference in North Korea in April? is not a common question, but was asked of me by Lou in early 2019.The Pyongyang Blockchain and Cryptocurrency Conference, attended by about 100 people, is the big attraction in Lous book.

Shiba Inu Team Warns SHIB Investors to Beware of Fake Telegram Accounts

The Shiba Inu team has issued a warning that scammers use the meme coin's name to dupe investors.

Shiba Inu team issues scam alert to SHIB investors

The team warned SHIB investors about scammers that are impersonating official accounts and creating fake users. The team behind meme cryptocurrency Shiba Inu (SHIB) has issued a public warning against ongoing online scams that primarily target altcoin investors interested in SHIB tokens. The proactive scam alert came in the form of a tweet detailing the various methods used to dupe unsuspecting victims from the Shiba Inu community. Stay Alert & Safe #ShibArmy!We've been made aware of a recent scam, traveling social media, and other communication platforms. Her

Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet

A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia.

FBI Issues Warning About Bad Actors Using Bitcoin ATMs To Steal Crypto From Victims

The Federal Bureau of Investigation (FBI) is warning the public that bad actors are using Bitcoin (BTC) ATMs and QR codes to defraud unsuspecting victims.  In a public service announcement, the agency says that it is seeing increased incidents of scammers telling their victims to deposit money to a cryptocurrency ATM using a QR code […] The post FBI Issues Warning About Bad Actors Using Bitcoin ATMs To Steal Crypto From Victims appeared first on The Daily Hodl.

FBI Warns of Scams Using Crypto ATMs and QR Codes

The law enforcement agency says there has been an increase in scammers directing victims to use physical crypto ATMs and QR codes to complete transactions.

FBI Issues Crypto ATM Warning Amid 'Increase in Scammers'

The FBI has issued a fresh warning over fraudulent schemes that leverage cryptocurrency ATMs and QR codes for payment.

Binance Says It’s Trying to Find the Scammers Behind Squid Game Token

Crypto exchange Binance has said it is trying to hunt down the scammers behind the infamous Squid Game cryptocurrency.

Binance is Tracking the Squid Game Scammers and Will Hand the Intormation to Authorities

The Squid Game scammers disappeared after taking $3 million from investors.

New to Bitcoin? Stay Safe and Avoid These Common Scams

Welcome to the world of bitcoin, where you are your first and last line of defense against scammers and fraudsters.

Scammers Pay Six Figures for Misspelled Crypto Website Domains Hoping To Dupe Victims: Report

Fraudsters are reportedly forking out hundreds of thousands of dollars to purchase mistyped website addresses related to cryptocurrency businesses in the hope of duping victims.

Bitcoin.org Hacked By Scammers For A Few Minutes. Someone Sent Them 0.4 BTC

Hackers took over the Bitcoin.org website and displayed the classic double your money scam for a few minutes today.

Bitcoin.org goes offline after suffering scam attack

Bitcoin.org previously fell victim to a DDoS attack in July, with hackers demanding a Bitcoin ransom. Bitcoin.org, one of the first websites about Bitcoin (BTC), has been hacked by online scammers and down as of the time of writing. Cobra, Bitcoin.org’s anonymous curator, announced on Sept.

Bitcoin.org Attacked by 'Double Your Bitcoin' Scammers

ing them to send BTC and promising to send double the amount in return.Source: A screenshot, Bitcoin.orgThe website is operated by anonymous bitcoiner Cobra, also known for his

Top Finiko Crypto Pyramid Executive Arrested in Russia’s Tatarstan

A high-ranking representative of Russia’s notorious Finiko Ponzi scheme has been arrested in Tatarstan.

Scammers Offer Free Bitcoin on Hacked Government Site in Russia as Crypto Fraud Surges

Unknown scammers have organized a fake bitcoin giveaway through a Russian government website they hacked.

Asian Lonely Hearts Falling Victim to Bitcoin, Tether Scammers

More Asian lonely hearts are reportedly being tricked out of their hard-earned money – and tokens like bitcoin (BTC) and tether (USDT) – by a growing number of scammers who prey on the unsuspecting users of dating apps. Several reports from the region have recounted how romance-seeking smartphone users have been sucked into traps by unscrupulous individuals

Italian Scammers Sell Fake COVID-19 Health Passes on Telegram for Cryptocurrency

The Italian police blocked the illegal activity of local fraudsters who offered fake Green Passes on Telegram in exchange for digital assets.

Founder of NFT Game Loses 16 CryptoPunks and 'Bunch of ETH' to Scammer

As the average price of CryptoPunks balloons, so does the appetite of scammers.

NatWest Executive Warns: The UK Is a Paradise For Crypto Scammers

According to David Lindberg, the crypto market in the UK is the "worst," and investors should be cautious when trading there.

Bank Manager Gut Feeling Helps Her Thwart Crypto Scammers

The South Korean commercial bank Nonghyup Bank (NH) has claimed that a member of its staff’s quick thinking helped prevent a major instance of crypto fraud. Per the media outlet News1, the bank explained that Oh Ji-jung (40), a manager of an NH branch in the sub-tropical island province of Jeju, had a “strange feeling” about a transaction requested by one of her

Crypto Scammers Now Stalking Dating Apps Like Tinder for Prey

Crypto scammers may have found a new hunting ground for bitcoin (BTC) and altcoin-holding victims: dating apps. Per a case study published by the US-based crypto self-custody solutions provider Casa, scammers have developed a “novel attack” that targets crypto enthusiasts.

Beware: Scammers Send Fake Replacement Ledger Devices to Steal Cryptocurrencies

Scammers have sent out fake replacement Ledger devices to users aiming to steal their cryptocurrency holdings.

Ledger Hack Saga Continues: Scammers 'Gifting' Fake Hardware Wallets

With scammers reaching for increasingly creative measures to steal cryptoassets, customers of hardware wallet maker Ledger are being sent fake 'replacements' for their devices.

Ledger Scam: Scammers Mail Hacked Ledger Devices To Steal Crypto

Scammers are now mailing hacked ledger devices to Ledger users in a bid to steal crypto from unsuspecting users.

Scammers mail out fake hardware wallets to victims of Ledger data breach

Ledger customers have reported receiving fake replacement devices in the mail, designed to phish private security information. The consequences of Ledger's major data breach continue to be felt almost a year later.

Scammers Pick Bank Transfers Over Cryptocurrency, Australian Report Reveals

Investment scams have been by far the most common type in Australia recently, a new report by the country’s consumer watchdog has revealed.

Scammers in Australia Earned $20.5M in Crypto Payments Last Year

Victims were often enticed through get-rich-quick investments, catfishing, and celebrity endorsements.

Apple Co-Founder Loses Lawsuit Against YouTube Over Crypto Giveaway Scams

Steve Wozniak has lost his lawsuit against YouTube over scammers using his image to push crypto giveaway scams on the streaming platform.

Swindlers Pretending To Be Federal Officials Soliciting Americans’ Bitcoin Wallets

The US Office of the Comptroller of the Currency (OCC) is warning consumers that internet scammers have taken up the agency’s name to send out fraudulent emails requesting Bitcoin wallet keys from various individuals.

Argentinean Police Detain Two People Connected to Alleged Crypto Scam Intense Live

As cryptocurrencies become a trending topic across Argentina, local authorities hunt virtual currencies scammers amid the coronavirus-driven crisis and high inflation levels.

Elon Musk impersonators make bank as crypto scammers' profits surge

Scammers are impersonating Elon Musk and other prominent crypto figures to dupe naive investors out of their coins at an accelerated rate.

Post-SNL Elon Musk Scams Rake in $300K in Bitcoin, Ethereum and Dogecoin

Scammers were able to steal a lot of crypto in a short amount of time by using verified Twitter accounts.

FBI Puts Warning Signs on Bitcoin ATMs in This US County Following a Scam

The Federal Bureau of Investigation (FBI) is putting up warning signs on bitcoin ATMs in Cuyahoga County of the US state of Ohio to warn residents not to fall for scams asking victims to send money to scammers via bitcoin ATMs.

Grifter season in DeFi-land, and Uniswap v3 is here! Finance Redefined 4/28-5/05

Uniswap v3 starts off with a whimper, not a bang, and grifters galore in this week's Finance Redefined.

Singapore authority issues crypto warning after PM falls prey to scammers

The Monetary Authority of Singapore has issued a warning to crypto investors after the state's prime minister was unwittingly caught up in a fake token scam. Officials in Singapore have issued a notice to would-be Bitcoin (BTC) and cryptocurrency investors, warning them of the dangers of engaging with such a volatile market.

Bogus Trezor iOS App Snares Investor’s USD 1M Bitcoin Savings

A bitcoin (BTC) investor who says he lost over BTC 17 (USD 0.99m) to scammers has hit out at Apple for hosting a fake app on its store that allowed criminals to make off with his “life savings.” Speaking to the Washington Post, the investor, a Trezor wallet user named Phillipe Christodoulou, explained how he had wanted to use a Trezor app to check his BTC balance.

Cardano Launches Anti-Scam Task Force to Combat Fraudsters

Cardano Founder Charles Hoskinson has announced the formation of an internal action force aimed at countering scammers.

Fake Bitcoin Sellers Steal Close to $500K From Victims

As bitcoin's price continues to increase, scammers and con artists abound.

South Korea Crypto Scammers Targeting People in Their 50s & 60s

Source: Adobe/jon_chica “Crypto” fraudsters in South Korea are increasingly preying on citizens in their fifties and sixties, a new report has found, with crypto-flavored multi-level marketing (MLM) schemes now running wild. Per EDaily, the regulatory Financial Supervisory Service (FSS) says there was a rise of 41.6% in the number of instances of suspected crypto-themed fraud cases reported

Texas Regulator Issues a Cease-and-Desist Order Against Scammers Impersonating Binance

Texas authorities have issued an emergency order against a Binance-impersonating fraudulent project that offered fake 40% ROI on crypto investments.

YouTube and Ripple Settle Lawsuit, Will Fund Cybercrime Non-Profit

Ripple's case against YouTube over crypto scammers impersonating CEO Brad Garlinghouse settled quietly, and will involve charitable donations by both.

Chinese Authorities Warn About ‘Sophisticated’ Digital Yuan Scam- Promotes Access to a ‘$186M Secret’ Government Fund

As China keeps paving the way to adopt its central bank digital currency (CBDC), scammers are also actively emerging on the scene.

Digital Yuan Scammers Gathering Momentum as Token Rollout Nears

Police in China are warning that digital yuan-themed scams are starting to appear in the country with more regularity – as opportunistic fraudsters attempt to trick citizens out of their money with central bank digital currency (CBDC)-themed get-rich-quick schemes. The digital token is nearing issuance, with the latest pilot seeing thousands of citizens receive bona fide

Japanese Lonely Hearts Warned to Beware Dating App Crypto Scammers

Japanese men aged 30-49 are increasingly finding themselves the target of sophisticated crypto scams that pry on love-hungry users via dating apps – with a national watchdog stepping in with a warning to be mindful of the risks of investing in tokens on the advice of strangers. The National Consumer Affairs Center of Japan (NCAC), the state’s biggest consumer

Austrian regulators call for stricter crypto regulations amid rising fraud

Crypto scams appear to be dominating investment fraud cases in Austria. Austrian regulators are calling for stricter crypto laws amid a spate of elaborate investment scams involving cryptocurrency and digital assets. According to a Bloomberg report of Friday, Austria’s Financial Market Authority has revealed that more than 60% of all reported financial fraud in the country involve crypto trading products. The FMA says these crypto scammers are using social media platforms like Telegram and TikTok to advertise their fraudulent offerings to would-be victims. Commenting on the need for stricter crypto regulations to curb the menace of these fraudulent investment activities, Klaus Grubelnik, a spokesperson for the FMA remarked: “We see a great need for stricter regulation.

TORN soars 200% as Tornado.Cash’s governance token becomes tradable

Apes rejoice as yet another token airdrop fattens their portfolios The decentralized finance (DeFi) “stimulus checks” keep coming as Tornado.Cash joins Uniswap, Badger DAO, StakeDAO, and others in “airdropping” a now-tradable TORN governance token to early protocol participants. Tornado Cash, which is an Ethereum “tumbling” service that obscures transactional history in order to preserve user privacy (as well as allow scammers and hackers a method to launder their funds), first announced the launch of a governance token in December.

Scammers target Discord users with fake exchange and Bitcoin giveaways

Scammers are targeting Discord users on crypto-focused servers, through private messages that appear to come from fake exchanges that are giving away Bitcoin and Ether.

Discord Scammers Lure Users to Fake Exchange With Promise of Free Bitcoin

The scammers may be trying to collect a database of crypto users for sale on the dark web, said Kaspersky.

Crypto industry must keep scammers from stealing another $16 billion

Crypto scams don’t just impact investors but the credibility of the industry as a whole, stagnating crypto’s progress. Unsuspecting investors have lost $16 billion by buying into crypto projects they thought would be the next best thing.

California Man Loses $27,000 in Bitcoin After Falling Prey to Crypto Scammers

In Daly City, California, authorities are investigating a crypto scam incident where a man lost $27,000 worth of bitcoin.

Substack Newsletters Are Being Used to Spread Crypto Scams

Substack is being leveraged by scammers for its ease of use and reach.

Fraudulent COVID-19 Vaccines Offered On The Dark Web For Up To $1,000 In Bitcoin

Scammers advertising COVID-19 vaccines on the dark web dupe people into transferring funds in bitcoins but fail to actually send the doses.

Crypto exchange owner gets 10 years in prison for aiding scammers

The operator of a Bulgarian crypto exchange has received a 10-year prison sentence for money laundering in connection with an Eastern European cybercrime syndicate. Rossen Iossifov, the convicted owner of the RG Coins crypto exchange platform has been sentenced to 10 years imprisonment for money laundering. As previously reported by Cointelegraph, a federal jury in Frankfort Kentucky found the Bulgarian national guilty of conspiracy to commit racketeering and money laundering back in Sep.

Ledger Scammers Reportedly Go Trans-Wallet & Target Trezor Users

The Ledger hardware wallet phishing saga continues, but has now spread to competitors, with Trezor users reportedly becoming the scammers' targets as well.

Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers

An Indian law enforcement agency has arrested Naisar Kothari, a cryptocurrency trader, for his role in a money-laundering scheme linked to online Chinese betting scams.

Popular Browsers Like Google Fail to Catch Copycat Crypto Sites, Scams Make the Top Results

As the digital asset economy grows popular and a number of crypto companies become well known, copycat scammers appear in greater numbers.

Belgian Regulator Warns of Crypto Scammers That Target Male Tinder Users With Fake ICOs

The Belgian regulator, the Financial Services and Markets Authority (FSMA), says scammers are employing new techniques which target Tinder and Facebook users.

PlusToken Crypto Scammers Slammed With 11-Year Jail Sentence

Members of the PlusToken Ponzi scheme were slammed with 11 years of jail time by Chinese authorities.

Ripple Impersonated by Scammers in a Fraudulent “XRP Incentive Plan” Token Giveaway

Cryptocurrency scammers have been capitalizing on Ripple’s success by rolling out a new XRP giveaway initiative that proved to be fraudulent.

No, You Can’t Buy Shares in Bitcoin

With bitcoin going through an extended bull-run, scammers and con artists have been on hand to exploit a general fear of missing out (FOMO).

Bitcoin and Cryptocurrency Worth $4 Billion Seized From Top Crypto Ponzi Group

Chinese authorities have seized $4 billion worth of bitcoin and other cryptocurrencies from the PlusToken scammers.

Fake Ethereum Tokens Net $53,000 in Just 30 Minutes

Scammers issued an Ethereum token to jump in on the popularity of a new product released by Yearn Finance founder Andre Cronje—which was never supposed to have one.

Meta 1 Coin Scammers Charged with Default Judgment by SEC for No Show

The SEC filed a default judgment against Meta 1 Coin defendants, after their no show for a fraud probe where they raised $9 million from a fraudulent ICO.

Hackers, Scammers Have Stolen $7.6B in Crypto Since 2011

Billions of dollars have been stolen through exchange hacks and scams, according to a new report from blockchain analytics firm Crystal Blockchain.

Bitcoin hits $14K, UNI airdrop rejected, scammers target Trump: Hodler’s Digest, Oct. 26–Nov. 1

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week.

Trump Hackers Spur US Interest in Monero…But Not Prices

Source: a screenshot, Instagram/realdonaldtrump Crypto scammers who successfully hacked into United States President Donald Trump’s election campaign looking for payment in monero (XMR) appear to have sparked a new interest in the most popular privacy coin – albeit one that has failed to save it from a price slide. [email protected]'s campaign website has been hacked.

Crypto scammers deface Trump campaign website one week from elections

Just one week before the election, President Donald Trump’s website was briefly defaced by crypto scammers. One of United States President Donald Trump’s re-election campaign websites was briefly defaced yesterday, according to an Oct.

Beware: Latest Ledger Email Phishing Scam Making The Rounds

The crypto industry is flooded with scammers preying on the vulnerable, and their latest attempt is to dupe hardware wallet Ledger consumers into revealing their credentials or downloading malware. The post Beware: Latest Ledger Email Phishing Scam Making The Rounds appeared first on CryptoPotato.

Victim Stung for BTC 22 as DoppelPaymer Scammers Claim Latest Victim

A hapless victim has reportedly forked out a whopping BTC 22 – worth over USD 263,000 – to DoppelPaymer ransomware scammers, per data published by tracking website ScamAlert. Earlier this year, antivirus software developer Avast warned that there had been a recent resurgence in scammers making use of the notorious ransomware. Like other, similar malware, DoppelPaymer

Fraudsters are switching from credit cards to Bitcoin, says consumer protection company

Scammers are taking advantage of one of Bitcoin's strengths, as once lauded by Satoshi Nakamoto. Fraudsters are taking advantage of the irreversible nature of crypto transactions, says MyChargeBack’s vice president of global operations, Michael Cohen.

Crypto scammers plague Estonia’s e-residency program

Local authorities hope that tackling the issue will restore trust in the e-residency program. The e-residency program of Estonia is now under the local regulator’s radar as foreigners registered as e-residents of the Baltic nation are being linked to cryptocurrency frauds.  The local police’s Financial Intelligence Unit has discovered that overseas companies owned by e-residents of Estonia have been involved in multiple large-scale exit scams. Regulators also suspect that Estonian firms and e-residents were involved in organizing initial coin offering scams, according to the police report cited by Bloomberg. This comes only three months after the crypto-friendly nation became the epicenter of a $220 billion money laundering scandal.

HatchDAO scammers pull liquidity as DeFi faces another setback

"Just like locking the door doesn’t guarantee the safety of your home, TrustToken’s team token lock doesn’t guarantee liquidity won’t be pulled." This was the statement made by Jeff Kirdeikis The post HatchDAO scammers pull liquidity as DeFi faces another setback appeared first on AMBCrypto.

You won’t believe the depths to which crypto scammers on Twitter are willing to sink

Twitter doesn’t seem able to move fast enough to stop thieves from grossly misusing their platform. Last Friday night, crypto YouTuber Ivan on Tech messaged me on Twitter.

Beware: Fake Uniswap (UNI) Token Giveaways Already Roaming the Internet

A day after Uniswap released its governance token, scammers have used the momentum to host a myriad of fake UNI giveaways on YouTube by impersonating Uniswap's creator. The post Beware: Fake Uniswap (UNI) Token Giveaways Already Roaming the Internet appeared first on CryptoPotato.

Who owns more Bitcoin: Winklevoss Twins, Mt. Gox or Plus Token Scammers?

And how much did Satoshi Nakamoto contribute to the 'Zombie' fund? Blockchain Center has compiled data for some of the biggest Bitcoin (BTC) hodlers — from the Winklevoss twins to various scammers and hackers, and even “zombie coins”.  Allegedly, the twins own 150,000 BTC, which places them between the Bitfinex hackers, who own 120,000 BTC, and the Mt.

Ethereum Scammers Target Indian Prime Minister in Twitter Hack

An account used by Narendra Modi to source relief payments and donations sent out a crypto address for accepting payments today.

Crypto Investment Fraud Generates $27 Million, SEC Charges Scammers Posing as Pastors

The US Securities and Exchange Commission filed a complaint against three men posing as pastors who defrauded churchgoers in a cryptocurrency Ponzi scheme.

Scammers Pose as Religious Workers in $27 Million Crypto Fraud, Alleges SEC

Charity scams operating under the guise of religion are common enough.

Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key Institutions

With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge.

Waterloo residents have lost $430K to crypto scams this year

Bitcoin scammers have thus far proven to be unstoppable in Canada. Waterloo, Ontario is the first Canadian city to issue a general warning after 78 residents were duped by crypto scammers in 2020. According to Global News, Waterloo residents have lost more than $430,000 so far this year, with 29 of the 78 falling victim in July alone.  As previously reported, fraudsters have been impersonating government officials, asking victims to deposit money in various Bitcoin (BTC) ATMs under the threat of legal ramifications.  Scammers told one resident that more than 25 bank accounts had been opened under his name, and then used to launder money.

Youtuber Explains How Crypto Scammers Took Control of His Account

It’s not your traditional malware scam. The modus operandi of crypto scammers differ in each case as it happens with the rest, but this time, a popular Youtuber who has 2.43 million subscribers explained on August 20 how his channel was seized by hackers to launch an XRP fake giveaway campaign. According to a video published by David Damasceno, who runs Universo Curioso, cybercriminals took control of his account after receiving a contact request from an individual offering him a video editing tool. The fake software was called Zenium Editor, which also handles advertising revenues, and when Damasceno downloaded and installed the app, the damage has been done.

XRP Crypto Scammers Seize 2.5m-sub YouTube Account, Start Live-streaming

Source: Adobe/filins (edited by Cryptonews) 2020 is becoming the year of the social media crypto scam hackers after raiders took control of the YouTube accounts belonging to a 2.43 million-subscriber Brazilian channel – filling it up with videos promoting an XRP scam. In a video from UniversoCurioso, the channel’s operator David Damasceno explained that hackers obtained access to his YouTube

Billionaire Chris Kirubi Warns Followers of Bitcoin Scammers Impersonating the Kenyan Tycoon

Dr Chris Kirubi continues fighting against Bitcoin scams using his name as an endorsement.

US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme

US prosecutors have recently indicted a group of investment scammers who have orchestrated a cryptocurrency mining fraud following a Ponzi scheme protocol.

Fake Tokens Continue to Plague Uniswap

The growing popularity of Uniswap is continuing to attract scammers, with fraudulent coins impersonating token sales for top crypto projects. Fake coins continue to plague decentralized exchange Uniswap, with prominent crypto projects associated with upcoming token sales reporting impersonators trading on the platform. On August 19, upcoming decentralized finance (DeFi) lending protocol Teller Finance tweeted that a fake Teller token and Uniswap pool had been created. “Teller Labs has not made any official announcements on any potential, planned, or upcoming token launches.” The highly anticipated NEAR Protocol token sale also attracted impersonation scams in the lead-up to its commencement last week, tweeting that any NEAR tokens not officially sanctioned: “The only place for official word of NEAR tokens is near.org/tokens.

1,543,000 XRP Stolen by Scam Artists on YouTube, 60% of Victims Use Coinbase: Report

Scammers have stolen 1.543 million XRP through fraudulent videos on YouTube, according to the ledger tracking firm Xrplorer.

From Call Centers to Cryptos: India’s Scammers Don't Seem to Stop

As cryptos gain ground in India and Bitcoin price spikes, Indian scammers are likely to make the most of the opportunity. India is the hub for call center scams.

Mobile Crypto Scam Targets Wealthy Indian Investors

Scammers are going to greater lengths than ever to acquire other people’s crypto. A new cryptocurrency scam in India is targeting wealthy individuals using a fake mobile app. According to India TV News, cybercriminals are targeting high income individuals across India.

Polish Financial Watchdog Impersonated by Crypto Scammers

The PFSA warns scammers are asking people to send cryptos to verify a transaction’s legality before depositing them in a fake investment fund. The Polish Financial Supervision Authority, or PFSA, issued a warning on the surge of scammers offering fake crypto investment opportunities, which they claim to be the only authorized investment fund in Poland. The scammers call potential victims by asking them to sell or buy cryptocurrencies through the fake fund, but first, they should send the cryptos to the PFSA compliance team’s wallet to verify the legality of the transactions and then, the regulator clears the payment to be deposited in the unexistent fund. The watchdog has been aggressive towards crypto in the past few years and added the following reminder to Polish citizens: "We would like to remind you that the cryptocurrency market in Poland is not a regulated or supervised market.

Bitcoin Scammers Rebrand Jon Prosser’s YouTube Channel as ‘NASA’

YouTube took down Jon Prosser’s channel with 262K subscribers after hackers used it to promote a free Bitcoin giveaway scam. Scammers have conned more YouTube viewers into sending them Bitcoin after hacking several more large verified accounts and posting ‘free giveaway’ videos. According to an Aug.

DLT Passport, Scammers Preying on Retirement Funds + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain and DLT news ShareRing, an enterprise-ready platform using distributed ledger technology, has launched the first private contact-tracing passport that can be integrated with e-visa on arrival systems

Deceived Crypto Investors Launched Their Own Scam to Recoup Losses

Investors in China launched a crypto scam after being deceived themselves — and got busted by the police. Chinese police have reportedly arrested a group of scammers who launched a faux crypto scheme to recoup their losses after being defrauded by a number of different crypto-related cons themselves. According to an article from the Public Information Network Security Supervision Bureau posted on WeChat earlier today, an investor named Yang created a fake investment scheme after losing around 100,000 yuan (over $14,000) to a crypto MLM project.  After teaming up with two other investors who had similarly been deceived by crypto scammers, Yang launched a fake mobile app and a token called "Baiye Chain".

Scammers Are Forging CoinDesk Emails – Here’s How to Protect Yourself

Scammers are forging CoinDesk newsletters in phishing emails.

Crypto Scammers Turn Toward Terrorism With A Japanese Bomb Threat

A government building in Hokkaido received a bomb threat from a group of crypto terrorists. Crypto terrorists threatened to bomb a government office on the Japanese island of Hokkaido.

Almost 1 Million Bitcoin is Held by Darknet Markets, Scammers & Thieves

According to Chainalysis, almost one million Bitcoin is held by Dark Web markets and cybercriminals, with crypto exchanges playing a pivotal role in the space. According to Chainalysis, almost one million Bitcoin (BTC) is held by illicit actors in the space with over half being held by darknet markets. Bitcoin held by illicit entities.

Bitcoin Giveaway Scam Hits Popular Indian Youtuber

A popular Indian YouTuber’s gaming channel got hacked and scammers attempted to use the old Bitcoin giveaway trick to lure people. Ajey Nagar, a Popular Indian YouTuber with 6.7 million subscribers, is the latest victim of the ongoing BitCoin giveaway scam on Youtube. The hack happened on Nagar’s second Youtube channel- CarryisLive where he streams himself playing video games with YouTubers and celebrities.   Two Bitcoin giveaway scam promotional videos were reportedly posted on the channel.

Crypto Folk Show the World How to Outfox Twitter, SIM Swap Scammers

A prominent bitcoin (BTC) enthusiast said he outmaneuvered a Twitter scammer – and although he spent USD 100 in the process, he said he has unveiled some key scamming tactics common on the social media platform.