CEO of EminiFX admits involvement in $248M scam
The CEO of the alleged cryptocurrency trading platform EminiFX could spend up to 10 years in prison for his involvement in the scam. In a New York district court, Eddy Alexandre, the CEO of alleged cryptocurrency trading platform EminiFX, pled guilty to commodities fraud and agreed to repay millions of dollars to clients who lost […]
NFT collector sues OpenSea marketplace
OpenSea NFT marketplace faces charges by a nonfungible token (NFT) collector over a number of claims, including that he was locked out of his account for more than three months after falling victim to a phishing scheme. Robbie Acres, an OpenSea user, informed Cointelegraph that he promptly reported the theft of his NFTs via a […]
MetaMask cautions users about address poisoning scam
MetaMask has warned crypto users of a new type of scam known as address poisoning, here scammers use wallet addresses generated from vanity address generators and match the first and last characters of their victim’s wallet address. Digital wallet service MetaMask issued a warning to customers about a fraud known as “address poisoning,” in which […]
How to spot common NFT scams and avoid NFT hack attacks
As the market continues to expand and gather momentum, NFTs are becoming an increasingly popular target of scams and hack attacks. A nonfungible token (NFT) is a distinct type of digital asset on a blockchain. These digital assets offer ownership authentication and are not transferable like other forms of cryptocurrency. Each NFT is distinct and […]
Mango Markets Receives New Ultimatum From Exploiter
The hacker says he will send back the stolen MSOL, SOL, and MNGO if Mango Markets agrees to pay back bad debts with USDC from its treasury. The bad trader who recently used a scam to steal $100 million from Solana-based decentralized finance (DeFi) lending protocol called Mango Markets has given the community an ultimatum. […]