Wisconsin Univeils Tracker to Fight Crypto Fraud, Investment Scams
The Wisconsin Department of Financial Institutions has introduced a scam tracker to shield investors from investing and cryptocurrency fraud. This tracker thoroughly describes dishonest practices based on consumer complaints to assist Wisconsinites in recognizing and avoiding fraudulent schemes, including cryptocurrency scams. More than $3.5 million in damages via financial grooming and cryptocurrency fraud—often referred to […]
India’s BWA Enhances Cybersecurity after WazirX Hack
India’s Bharat Web3 Association (BWA) is doubling its efforts to enhance cybersecurity and consumer protection in the crypto sector after the $230 million WazirX hack. According to local media, Dilip Chenoy, the chairman of the BWA, has established two new internal groups designed to investigate the most recent security breach and resolve these issues. Task […]
Shaanxi Police Arrest 4 Cryptocurrency Scam Suspects
Despite prohibiting cryptocurrencies such as Bitcoin in Mainland China, the Shaanxi Police have arrested 4 individuals involved in the Cryptocurrency Scam. Local news agency Baidu reported on July 31 that law enforcement in the Chinese province of Shaanxi had discovered a crypto fraud scheme and apprehended four suspects. According to the report, the perpetrators defrauded […]
Crypto/Forex Fraudster To Pay $31M In CFTC Enforcement Action
The case between the CFTC and crypto/forex fraudster Alejandro Tinoco, who stole millions in forex-related offenses, has been resolved. Abner Alejandro Tinoco and Kikit & Mess Investments, LLC. will be required to pay a total of $31 million as a penalty in a Commodity Futures Trading Commission (C.F.T.C.) crypto fraud enforcement action. El Paso’s Forex, […]
dYdX Restores v3 of Website Following DNS Attack
dYdX effectively restored version 3.0 of their website following an apparent domain name service (DNS) hijacking attempt and warned users to clear their browser’s cache before visiting the website. Within three hours of the announcement of the compromise, the team successfully restored the cryptocurrency exchange’s website. In an X post on July 23, dYdX also […]