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 […]
Hacker Sentenced to 3.5 Years for $900K Coinbase Scam: Report
UK hacker faces prison for his Coinbase dummy website scam, an El Paso man’s crypto “Ponzi” fueled his lavish lifestyle, and Washington DFI flags the latest crypto fraud. A computer hacker from the United Kingdom has been sentenced to three and a half years in prison for his involvement in the scheme, which involved the compromise […]
HSBC Australia to Block All Crypto Exchange Payments Due to Scams
HSBC Australia blocks customer payments to crypto exchanges, citing scam protection. The Australian branch of the international bank HSBC has notified its customers that it has commenced preventing customer payments to cryptocurrency exchanges as of July 24 local time. This marks the latest major bank to abandon the industry, citing the prevalence of frauds. “In […]
MakerDAO Delegate Loses $11M in Tokens to Phishing Scam
After signing several phishing signatures, the user fell victim of the scam and lost their digital assets. A MakerDAO governance delegate lost $11 million in Aave Ethereum (aEthMK) and Pendle USDe tokens as a result of several phishing signatures. However, in the early hours of June 23, the Scam Sniffer identified the incident. The user fell […]
Trust Wallet Warns of Scam Clones on Xiaomi, Amazon websites
As Trust Wallet warns against Xiaomi and Amazon store scams, users should only download apps from trusted sources. Users of Trust Wallet, a cryptocurrency wallet endorsed by Binance, have been warned about potentially fraudulent versions of the program available on the Xiaomi and Amazon stores. The business stated it has already filed requests to have […]