Binance Warns Users of Malware Risks in Crypto Withdrawal
Binance warns of ongoing malware threats and takes steps to protect transactions and user assets from crypto scams. Binance, a leading cryptocurrency exchange, has issued a warning about an active malware threat that alters cryptocurrency withdrawal addresses, posing serious financial risks to users. The exchange has seen a rise in such malicious activity and is […]
Hackers Use Deepfake Tim Cook to Promote Crypto Scam at Apple Event
On September 9, hackers exploited Apple’s highly anticipated “Glowtime” event using Deepfake Tim Cook to run live streams promoting a double-your-cryptocurrency scam. September 9 was a significant day for the tech behemoth Apple, as millions of individuals worldwide anticipated the “Glowtime” event, which would unveil the new iPhone. Scammers capitalized on this opportunity by conducting […]
FTC Reports Bitcoin ATMs Scams Jumps by 1,000% Since 2020
Scammers have exploited the speed of crypto transactions and anonymity to create a 1000% increase in scams involving Bitcoin ATMs since 2020, according to the Federal Trade Commission (FTC). These schemes frequently involve malicious actors deceiving victims into unknowingly transferring their funds through Bitcoin ATMs under pretenses. The Federal Trade Commission (FTC) reported that Bitcoin […]
Australians Lost $122M to Crypto Scams
The Australian Federal Police (AFP) noted that 60% of victims were under 50, contrary to the usual trend of older individuals being targeted. According to new research from the Australian Federal Police, Australians have lost a total of $122 million ($180 million AUD) in the past year due to fraudulent cryptocurrency schemes. The majority of […]
OmegaPro Co-founder Arrested Over $4B Crypto Fraud
Andreas Szakacs, the OmegaPro co-founder, was arrested in Turkey for his claimed involvement in a multi-billion-dollar crypto scam. In July, Andreas Szakacs, the OmegaPro co-founder of the cryptocurrency and forex platform that subsequently collapsed, was apprehended in Turkey. He is accused of defrauding investors through a $4 billion crypto Ponzi scheme. OmegaPro Co-founder is Arrested […]