Be Warned, AI Crypto Scams Are on the Rise
A recent Elliptic report found five ways AI is being used to rob crypto users.
Scams
Coinbase, Kraken, Others Form Coalition to Tackle ‘Pig Butchering’ Scams
The coalition also includes prominent crypto companies Ripple and Gemini, as well as Meta and Match Group, the parent company of dating apps Tinder and Hinge.
Half of Solana Pre-Sales Are Scams, Blockaid Says
Blockchain security firm Blockaid said 50% of recent pre-sale token launches on Solana have been malicious.
Crypto Investment Scam Losses in U.S. Grew 53% to $3.94B in 2023: FBI
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau’s Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime.
When Is a Ponzi a Ponzi?
U.S. authorities indicted the operators of HyperVerse, allegedly an $1.8 billion “Ponzi scheme.” There’s a fine line between a “fraudulent investment scheme” and many crypto projects, it seems.
Crypto Rug Pulls: What Are They & How to Avoid Them
Crypto rug pulls cause billions of dollars in loses in the global crypto markets.
Crypto Users Lost $2B to Hacks, Scams and Exploits in 2023, De.Fi Says
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.
Alleged Crypto Investment Scam Worth $80M Sees Four People Charged With Money Laundering in U.S.
The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes.
TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams
Blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx in an effort to combat scams in the nation.
Ben McKenzie, the Hollywood Hypocrite Crypto Critic
(Sam Barnes/Web Summit via Sportsfile)