scams

Understanding the Nature of Forex Scams

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Time Stamp: April 3, 2024 6:15 AM - Modified On: April 3, 2024 - Published By:
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Republished By Plato

As the name implies, a scam is a deceptive scheme designed to steal your money. This strategy is not exclusive to any specific industry; it's a real threat even within the trading and financial sectors. Among the numerous scams out there, forex trading scams have gained notoriety. There are many ways these schemes operate, and while the methods may vary, the primary goal remains the same: to rob you of your hard-earned cash. Spotting Scams in an Influencer's Promises One of the most common strategies scammers use includes social media

The Challenges and Opportunities behind the Convergence of AI and Blockchain.

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Time Stamp: February 1, 2024 1:28 PM - Modified On: February 1, 2024 - Published By:
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  Over the last decade, the potential overlap between cryptocurrency and artificial intelligence (AI) — two significant technological trends of the last decade. The curiosity stems from a natural inclination to find a connection between these innovative domains. On the surface, the synergy seems apparent: the decentralizing force of cryptocurrency could offset the centralizing tendencies of AI, while AI's complexity could be made more transparent through blockchain technologies, which are adept at data management and verification. However, the conversation often hit a snag when delving into concrete applications, leading to

Web3 Scam Protection Startup Finds 400% More Phishing Websites than Industry Leaders.

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Time Stamp: August 22, 2022 3:10 AM - Modified On: August 22, 2022 - Published By:
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Web3 isn’t safe. In 2021, crypto scammers stole $14 billion dollars from unsuspecting users. A solution must be found. To create a democratic financial future of the internet, newcomers and advanced users alike need to feel comfortable with their funds. Delenium, a Web3 scam protection solution, is at the forefront of this effort. By protecting the way Web3 users interact with decentralized applications, Delenium is revolutionizing the security infrastructure of Web3. Like any new and unregulated technology, scammers deploy tactics to unlawfully extract value from users. In blockchain, that value

Israeli Police Arrest Beitar Jerusalem Owner and 7 Suspects in Multimillion-Dollar Crypto Fraud

Source Node: https://news.bitcoin.com/israeli-police-arrest-beitar-jerusalem-owner-7-suspects-multimillion-dollar-crypto-fraud/
Time Stamp: November 19, 2021 10:30 PM - Modified On: November 19, 2021 - Published By:
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Israeli police have arrested eight suspects in connection with a cryptocurrency fraud scheme after raiding their homes and seizing evidence. One of the suspects is Moshe Hogeg, a well-known owner of the premier soccer team Beitar Jerusalem Football Club. 8 People Arrested in Crypto Fraud Scheme in Israel Israeli police arrested eight suspects Thursday allegedly stealing tens of millions of shekels in a cryptocurrency fraud scheme. The arrests were made after officers from the police’s Lahav 433 anti-corruption unit raided the suspects’ homes and offices. They gathered evidence and seized

Those ‘hiding behind anonymity of crypto transactions’ will be accountable, SEC warns

Source Node: https://ambcrypto.com/those-hiding-behind-anonymity-of-crypto-transactions-will-be-accountable-sec-warns/
Time Stamp: November 19, 2021 3:30 PM - Modified On: November 19, 2021 - Published By:
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Individuals who hide behind the anonymity of cryptocurrency transactions to defraud investors should expect that the SEC will trace their illegal activity and hold them accountable for their actions The Securities and Exchange Commission (SEC) has charged a California-based promoter for alleged Bitcoin-related fraud, the regulator announced on 18 November, 2021. The promoter, Ryan Ginster has been held for, “…conducting two unregistered and fraudulent securities offerings that raised over $3.6 million in cryptocurrency from retail investors.” The complaint filed, charges the Promoter with violating: 👉 antifraud and registration provisions of

[SPONSORED] Kava Network: Powering a Decentralized Future

Source Node: https://www.theblockcrypto.com/post/124214/kava-network-powering-a-decentralized-future?utm_source=rss&utm_medium=rss
Time Stamp: November 16, 2021 9:00 AM - Modified On: November 16, 2021 - Published By:
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In our last article on Kava, we covered its origins and explored the suite of high-yield DeFi protocols that make up the Kava Platform. In the second article of our three-part series, we dive deeper into the Kava network and take a look at the ecosystem of best-in-class DeFi, NFT, and GameFi services that are being built on top of it. The Kava Network Originally built to support the Kava Platform, the Kava network is a highly secure and scalable Layer-1 blockchain. Built using the Cosmos SDK, the Kava network is

How to Best Protect Your Money From Hackers as Crypto Markets Boom

Source Node: https://beincrypto.com/protect-money-hackers-crypto-markets-boom/
Time Stamp: November 2, 2021 7:13 AM - Modified On: November 2, 2021 - Published By:
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“I got hacked and don’t even know how it happened,” mourned one crypto user on Twitter. “I left my wallet open in my browser on MetaMask and they got into my wallet. Lost all saitama, floki and hokk.”Sponsored Sponsored A small crypto investor, @ltjyaussie says he has always been careful with wallet security issues but did not know what hit him this time around. The Cyprus-based investor was a victim of a systematic attack. Against all his perceived defenses, he still got taken for a ride. He’s just one of

The Squid Game Cryptocurrency Scam – What Happened?

Source Node: https://bitcoinchaser.com/the-squid-game-cryptocurrency-scam/
Time Stamp: November 1, 2021 12:29 PM - Modified On: November 1, 2021 - Published By:
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You may have heard of a new Netflix series making headlines, Squid Game took the world by storm and was quickly recognized as the most-watched show after hitting 111 million views in a month. The show is based within Korean culture and features a covert game show run for and by the elite. People who are deeply in debt are sourced and offered an opportunity to make billions, but when they arrive not all is as it seemed. The game features 6 rounds, each round is based on kids’ Korean

Making DeFi mainstream: An interview with FEG token Marketing Manager Chris

Source Node: https://ambcrypto.com/making-defi-mainstream-an-interview-with-fegex-marketing-manager-chris/
Time Stamp: August 30, 2021 12:30 AM - Modified On: August 30, 2021 - Published By:
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Although the DeFi space is growing significantly, it still lacks mass adoption. Another issue faced is by novice users in the space who can fall prey to scams and rug pulls easily. FEG Token is built to provide a decentralized transaction network that operates on Ethereum and Binance Smart Chain blockchains. The multi-chain exchange, FEGex, offers decentralization and is driven by its community. In conversation with Chris, the Marketing Manager for FEG Token, we talk about the DeFi space, FEGex’s solution, FEG Token, and much more. 1. According to you,

Turkey: This Dogecoin mining scam may have duped investors to the tune of $119M

Source Node: https://ambcrypto.com/turkey-this-dogecoin-mining-scam-may-have-duped-investors-to-the-tune-of-119m/
Time Stamp: August 27, 2021 3:30 PM - Modified On: August 27, 2021 - Published By:
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The crypto-community has long been plagued by scams and frauds. Especially since people have often come up with ingenious ways to rip users off their crypto-holdings. A recent example from Turkey is a case in point. According to Turkish media reports, a scam involving Dogecoin has allegedly amassed fraudsters $119 million in deposits. Local channel TV100 broke the news earlier this week, revealing that the fraudster, “Turgut V,” is now on the run with all the funds. Along with his 11 associates, “Turgut” apparently tricked about 1,500 Turkish citizens into

THORChain hit by another exploit; loses up to $7.6M

Source Node: https://ambcrypto.com/thorchain-hit-by-another-exploit-loses-up-to-7-6m/
Time Stamp: July 16, 2021 3:17 AM - Modified On: July 16, 2021 - Published By:
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With the emergence of cryptocurrencies, also came a corresponding rise in ransomware attacks. Several security loopholes in the cryptocurrency space in general, and smart contract platforms in particular, have come to light over the last few years. Once hailed as foolproof, blockchains have fallen fall prey to illicit activities, an assertion evidenced by the numerous scams and fraudulent activities that ensued. The latest to fall victim to the same is THORChain, a popular cross-chain decentralized exchange. It’s in the news today after an exploit drained millions of dollars from the