Ledger Warns of New ‘Address Poisoning’ Scam
Ledger used X to explain how an “address poisoning” scam targets cryptocurrency users. Scammers can “poison” a user’s wallet by sending a little amount of cryptocurrency or an NFT that looks like a voucher. This technique is known as address poisoning. The intention is to fool users into returning the voucher and copying the scammer’s […]
Ripple Labs Issues Important Warning on Scam Tactics
The cryptocurrency payment network Ripple Labs Inc. has cautioned its users once more about clicking on phishing websites and falling for Deepfakes. Ripple posted a demonstration video on X that demonstrates how certain con artists have been posing as important company figures, including as CEO Brad Garlinghouse. The demo’s images suggest that dishonest actors impersonate […]
Crypto Project Fintoch Exits with $31.6M in Alleged Scam
ZachXBT, an on-chain detective, reports that a crypto project called Fintoch, which purported to be backed by investment banking firm Morgan Stanley, appears to have fled with nearly $32 million of its users’ funds. In a thread, the crypto investigator illustrated the movement of the funds with a diagram. The chain-of-custody detective asserted that the […]
Merlin DEX Users to Get $2M Compensation After Rugpull Scam
Blockchain audit firm CertiK will cover the losses of Merlin DEX users affected by a rogue developer who drained the protocol’s liquidity pool. Merlin DEX, a decentralized exchange based on zkSync technology, was exploited for over $1.8 million on Wednesday by a rogue developer with access to the protocol’s smart contracts. The attack happened during […]
MetaMask warns users of scam airdrop on March 31
MetaMask has alerted its users against rumors of a scam MetaMask airdrop that has been circulating on social media and is slated for March 31, 2023. There have been “quite a few speculations” of a MetaMask snapshot or airdrop on March 31, according to a March 28 tweet from the company. “Not only are these […]