Don’t use your workplace to scam people. Google pulled outsourced work from a Philippine contact center whose employees were involved in a Bitcoin scam. According to Newsbytes.PH, Google confirmed the company shifted some work it outsourced to a Sykes Philippines branch in Cebu City to another vendor in the country. In the Philippines, social media […]
Continue Reading
It’s not your traditional malware scam. The modus operandi of crypto scammers differ in each case as it happens with the rest, but this time, a popular Youtuber who has 2.43 million subscribers explained on August 20 how his channel was seized by hackers to launch an XRP fake giveaway campaign. According to a video […]
Continue Reading
Was Yam Finance’s short-lived rebasing project a useful economic experiment or just another scam? The crypto community is divided. There are some decentralized finance projects that make flash loans; Yam Finance (YAM) was a DeFi project that made a flash appearance. YAM, which initially described itself as a “minimally viable monetary experiment,” launched on August […]
Continue Reading
The OneCoin case now seems to turn the sibling founders against each other. Konstantin Ignatov, the brother of OneCoin’s fugitive founder Ruja Ignatova and a major figure behind the $4 billion Ponzi scheme, agreed to testify against his sister as part of a settlement that saw Ignatov dismissed from civil litigation targeting the scam. Newly […]
Continue Reading
Impersonation scams continue to permeate the cryptocurrency space. Cryptocurrency exchange KuCoin has issued a warning to users regarding a fraudulent website using its branding in an attempt to steal cryptocurrency. According to the report, posted Aug 19, the website is offering false incentives to entice users to deposit digital assets. It further clarifies that the […]
Continue Reading
The growing popularity of Uniswap is continuing to attract scammers, with fraudulent coins impersonating token sales for top crypto projects. Fake coins continue to plague decentralized exchange Uniswap, with prominent crypto projects associated with upcoming token sales reporting impersonators trading on the platform. On August 19, upcoming decentralized finance (DeFi) lending protocol Teller Finance tweeted […]
Continue Reading
The Texas State Securities Board and Alabama Securities Commission issued cease and desist orders in response to a crypto debit card scam. Authorities in Texas and Alabama have issued emergency cease and desist orders to South African companies promoting a cryptocurrency credit card scheme. According to an Aug. 14 announcement from The Texas State Securities […]
Continue Reading
“You don’t have to be Dr Evil to scam someone via cryptocurrency. You can be a Mini Me.” The high-profile Twitter hack which saw malicious actors take over 130 verified accounts including Bill Gates and Elon Musk managed to be both technically brilliant and incomprehensibly stupid at the same time. It was a multi-person attack, […]
Continue Reading
A different kind of scam. A former Florida tax collector was found to have used public funds to set up a blockchain company. In a report from the Orlando Sentinel, former Seminole County tax collector Joel Greenberg billed the Tax Collector’s Office $65,860 to buy computer servers for a company he was setting up called […]
Continue Reading
Check out this week’s Bad Crypto podcast. Last week, the Bitcoin news was all about lift-off. This week, it’s all about the leveling off. Bitcoin ends the week around $11,400, a fall of about 2.7 percent over the last seven days. That drop included a correction of $700 in one day so the question now […]
Continue Reading