Hackers Use Supreme Court of India’s YouTube Channel to Shill XRP
Ripple and XRP scammers have seized control of the Supreme Court of India’s official YouTube channel, promoting fraudulent investments via a fake live stream. The Supreme Court of India’s official YouTube channel, which boasts a following of over 217,000, was rebranded as a Ripple-themed account on September 20 to conduct a cryptocurrency fraud. The hackers […]
Friend.tech Team Face Rug Pull Allegations
After relinquishing control over the project’s smart contracts, the team behind Web3 social media platform Friend.tech faces allegations of rug pulling on the internet. The Friend.tech team disclosed on September 8 that it had configured the admin and ownership parameters to Ethereum’s null address. The team stated that this would prohibit future modifications to their […]
CoinGecko Warns of Fake Airdrop Scam
Cryptocurrency pricing aggregator CoinGecko reports social media scams promoting GECKO token airdrops. The cryptocurrency data aggregator CoinGecko advised users to be cautious as fraudulent schemes aimed at its community gain traction and issued a warning on false airdrop frauds. CoinGecko warned its followers on August 21 on X about false rumours of a GECKO token […]
ASIC Takes Down Over 600 Crypto Scam Websites
Australia’s securities commission removed about 8% of fake websites in 2023 that focused solely on Bitcoin investments. In a report released on the first anniversary of its program to disrupt investment scams, the Australian Securities & Investments Commission announced the eradication of thousands of phishing and investment fraud websites. ASIC stated in a press statement […]
Indian Man Kidnaps Bitconnect Employees to Recover Losses
In an apparent attempt to recoup losses, an Indian man allegedly abducted two individuals connected to the $2.4 billion BitConnect Ponzi fraud. In a statement released by the Indian Enforcement Directorate, it was revealed that Shailesh Babulal Bhatt, one of the investors in BitConnect Coin—the token that was used as the platform’s native cryptocurrency—had abducted […]