Contagion Fears Following FTX Collapse Plunge Cryptos into 7-day Loss – November 14

The sudden collapse of FTX cast doubt among exchange users over their fund’s security held in custodial wallets. The revelation by Bahamas authorities of FTX Group filing for bankruptcy last week caused a widespread shockwave across the virtual assets market. The aftershocks of the sudden implosion of a key player in the global crypto assets […]

Continue Reading

PolySwarm’s CEO Calls For Usage Of Blockchain In Cybersecurity 

As technology continues to advance, the issue of cybersecurity becomes more crucial for companies. This is due to increased fraud and data theft going on the internet.  As a result, the CEO of PolySwarm firm, Steve Bassi, has called on firms to embrace blockchain technology for improved cybersecurity. PolySwarm’s CEO Highlights The Need For Blockchain  […]

Continue Reading

Why Ransomware Groups Are Increasingly Interested in Monero (XMR)

Reports suggest Monero is the favorite currency for ransomware groups. The recent CipherTrace study highlights the growing ransomware trends within the cryptocurrency market. Monero: The New Ransomware Darling CipherTrace study noted an increasing pattern in the latest ransomware attacks. Analysts observed most actors use privacy tokens such as XMR. Groups prefer using these currencies to […]

Continue Reading

An Extensive History of Crypto Hacking and how things have changed

Anybody who has spent even a small amount of time in the crypto trading landscape would know that hacks are a common part of it. When the first crypto coin became available, nobody thought that hacks would be as prevalent as they became later on. Sure, people did have some reservations initially, but they were […]

Continue Reading

Researchers Believe Crypto Fraudsters Could Target Search Engines and Social Media

YouTube and a variety of applications owned by Google have been facing a variety of issues as of late. One of the most prevalent problems people have encountered is that there are plenty of crypto related scams present on these platforms. A large number of researchers recently came across issues on YouTube and even the […]

Continue Reading

The Dangers of Influencers Promoting Cryptocurrencies

These days, more and more celebrity influencers are starring in cryptocurrency advertisements. From Paris Hilton to Kim Kardashian, cryptocurrency developers are using their large fanbases to build trust. However, it’s very dangerous that celebrities, who aren’t experts in investments, are making crypto seem cool. After all, it’s unlikely that their massive followings have an understanding […]

Continue Reading

PayBack Ltd Review – All You Need To Know About This Fund Recovery Service

PayBack Ltd Review PayBack Ltd is an experienced funds recovery firm that has been providing its services for more than a decade now. It is famous in the market for its recovery method and remarkable winning percentage. Read this piece of writing thoroughly because, in this PayBack Ltd review, I will tell you about the […]

Continue Reading

6 VPN Providers Blocked In Russia after Crypto Hack Attack

One of Russian Government’s website belonging to a local administrative entity was hacked recently by crypto hackers who not only trolled the victim and even offered free Bitcoins to the website visitors. However, as of today, the control of the website has been taken back but the Russian Government is annoyed and has been taking […]

Continue Reading

Zimbabwean Crypto Fraudster Runs Away With More Than 6 Million Dollars

Martin Mhlanga of Zimbabwe was suspected of launching a Bitcoin Ponzi scheme in the country under the “Cryptoshares”. However, though his disguise was busted before the local police could get him, he vanished from the scene and took away with him US$ 6 Million approximately which he had collected from the Bitcoin fraud scheme. Similarly, […]

Continue Reading

Eastern Europe – Most Beloved Region For Crypto Scammers

For the Eastern Europe region, crypto scammers do not have to do much, as they are easily targeted and fell into the trap quite easily. This is so true because Chainalysis report suggests that Eastern Europe tops in sending crypto funds to malicious addresses out of the region which mostly belongs to the scammers. The […]

Continue Reading

Perpetrators of ‘Africrypt Scam’ Deny Allegations of Crypto Fraud before SA High Court

After the notorious crypto scam of MTI, the other mega crypto scam allegedly that happened in South Africa is that of Africrypt. Millions of dollars’ worth of virtual assets have been lost purportedly to crypto criminals who managed to breach Africrypt’s protocols. While Africrypt’s owners, i.e. Ameer and Raees Cajee, are claiming that their firm […]

Continue Reading

170 Fake Crypto Mining Apps Scam Users $350K

Cryptocurrency enthusiasts pay believing that they are mining digital coins through android apps. In reality, they are doing nothing and getting nothing. Over 170 Android apps have joined the crypto craze with their scam services. According to market researchers, fraudulent apps, 25 of them accessible on Google Play, are luring crypto traders to fake deals. […]

Continue Reading

Spain Concerned Over Rising of Instances of Crypto-Related Crimes

Currently, the law enforcement authorities, as well as the regulating authorities of Spain, are highly concerned about growing cases of crypto-related crimes. Spain, being the first adopter of digital assets within the European region, is also a second home to crypto and cyber-criminals. The lower courts as well as the tribunals of the country are […]

Continue Reading

14 Million New Crypto Users In 3 Months Alerts Scammers & Hackers Also

Cryptocurrencies are prone to censorship by default which allows their users, owners, and holders exclusivity over their crypto assets. The controlling power is exclusive to the owner or possessor of the cryptocurrencies and does not require any third-party supervision. But there are only two issues with cryptocurrencies which are serious and major issues. For example, […]

Continue Reading

Money-back Review – Retrieve Your Lost Funds Back From Crypto Scammers

Money-back Review Money-back is a firm that is working in the world of cryptocurrency to help traders who have lost their money in any type of scam or fraud. In this Money-back review, we are going to look into the firm and see whether they are providing what they are claiming, or you just have […]

Continue Reading

FSCA Initiates Recovery Process of Looted Crypto, 1200 Bitcoins Transferred To Official Liquidators

FSCA launches process of recovering looted funds by MTI. The first recovery transaction comprised over 1200 Bitcoins which were transferred in the accounts of official liquidators for onward transfer to real beneficiaries. MTI, a so-called crypto trading platform, is a worldwide notorious scammer, which is banned in most of the jurisdictions. The latest jurisdiction to […]

Continue Reading

Court Sentences A Crypto Fraudster To Serve 8 Years In Prison

A crypto fraudster finally receives his sentence at a very young age as he ends up in prison for serving 8 years. Pleaded guilty before the US Court and admitted his offence of committing fraud and perjury by launching Ponzi initial coin offering scheme. Sohrab Sharma – a founder of bogus crypto trade platform called […]

Continue Reading

New Global Survey: 60% of Financial Institutions Believe Cryptocurrencies are Risky

A new global survey has revealed that most of the financial institutions have some concerns regarding cryptocurrencies. According to the survey conducted by the Association of Certified Anti-Money Laundering Specialists and the Royal United Services Institute, over sixty percent of financial institutions consider cryptocurrencies risky. While on the other hand, government officials also participated in […]

Continue Reading

How SWIFT Fund Recovery Agencies Are Scamming People

CURRENT ECONOMIC SITUATION With the current pandemic situation at hand, there are millions of people who have already lost their jobs and occupations, due to the economic dip that the entire world is facing, and it seems that this pandemic is going to last for some time. This would eventually cause the economy to fall […]

Continue Reading