Fraudsters and scammers are taking advantage of the recent crypto tailwind to up their attacks on the crypto community, warns Ripple CEO Brad Garlinghouse. Garlinghouse said in a statement posted to X on Wednesday that the broader market rally has spurred scammers to impersonate the official Ripple YouTube account and potentially con users. Losses to … Read more
Binance Co-Foudner Yi He has disclosed that unidentified notorious elements are reaching out to existing or potential crypto investors, offering them scam token listings for money using her name. These types of scams are classified as ‘token listing’ scams. Through social networking platforms like LinkedIn and X, cyber criminals first identify members of the crypto … Read more
The crypto industry has been a prime target for cyber criminals as the sector continues to grow in popularity. Several scams and hacks have prompted people to keep their distance. In order to spread awareness about safe engagement with crypto, Indian exchange CoinDCX has released a list of safety tips and suggestions that customers can … Read more
US’ Federal Bureau of Investigation (FBI) recorded a significant rise in crypto investment scams in 2023. In its recently released ‘Internet Crime Report 2023′, the FBI claimed that crypto investment scams rose by 53 percent last year. In investment scams, fraudsters offer crypto investment advice to potential victims and get them to invest in fake … Read more
The United States Federal Trade Commission (FTC) has identified a rise in romance scams targeting the crypto community in the US. The FTC has clearly asked people to cut off from online love interests who may be discussing investment ideas, especially related to cryptocurrencies and other digital assets, with them. The regulatory trade body has … Read more
Google released a new report on Thursday highlighting how it has been combating online scams across its different products using artificial intelligence (AI) technology. The report specifically focuses on how AI technology is being implemented in Search, Google Chrome, and Android. The Mountain View-based tech giant said that generative AI is enabling it to detect … Read more
Google showcased several new security and privacy features it will release later this year. The announcements were made during The Android Show: I/O Edition on Tuesday, and the company said the new features will protect users from scams, fraud, and theft on Android. The new protections range from security layers while a user is on … Read more
Binance has revealed in an announcement that it has recovered $73 million (approximately Rs. 612 crore) stolen by hackers and scammers from the global crypto sector as of July 31, 2024. The world’s largest cryptocurrency exchange, in a statement shared with Gadgets360, highlighted blockchain technology as a powerful tool in gathering evidence against cybercriminals. Binance … Read more
Binance CEO Richard Teng, in a post on X, claimed that the exchange has managed to prevent losses of around $2.4 billion (roughly Rs. 20,130 crore) between January and July this year. According to Binance, over 1.2 million global users were protected against financial losses during this period. Touted as the largest crypto exchange in … Read more
The rise of “pig butchering” scams and the increasing use of generative artificial intelligence likely lifted revenues from crypto scams to a record high in 2024, according to blockchain analytics firm Chainalysis. Revenue from pig butchering scams, where perpetrators cultivate relationships with individuals and convince them to participate in fraudulent schemes, increased nearly 40 percent … Read more