#scams

Feb 23, 2021
1 min

Austrian Regulators Call For Stricter Crypto Laws Amid Rising Scams Involving Cryptocurrency And Dig

Austrian regulators are calling for stricter crypto laws amidst rising scams involving cryptocurrency and digital assets. It has been reported that Austria’s Financial Market Authority (FMA) has revealed that more than 60% of all reported financial fraud in the country involve crypto trading products. However, the FMA said these crypto scammers are using social media platforms like Telegram and TikTok to advertise their fraudulent offerings to would-be victims. Klaus Grubelni

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Indian Crypto Exchange “Pluto Exchange” Accuses Of Duping 43 Investors Of More Than $272,000

Crypto News Point

Sep 23, 2020
1 min

Indian Crypto Exchange “Pluto Exchange” Accuses Of Duping 43 Investors Of More Than $272,000

Pluto Exchange, the Indian-based cryptocurrency exchange, is accused of duping 43 investors of more than $272,000. It has been reported by a local news outlet Millennium Post that the Economic Offence Wing of the Delhi Police has launched a probe against the operators of the Pluto Exchange after 43 investors filed a complaint with the EOW. However, Bharat Verma, the founder of Pluto Exchange, and others involved in the investment scheme allegedly lured investors said that the

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Cybersecurity Firms Identifies Exponential Rise In Crypto-Related Scams In Russia During The First H

Crypto News Point

Jul 31, 2020
1 min

Cybersecurity Firms Identifies Exponential Rise In Crypto-Related Scams In Russia During The First H

Cybersecurity firms Kaspersky Labs and other malware labs have identified an exponential rise in crypto-related scams in Russia during the first half of 2020. It has been reported that researchers identified 23,000 sites involved with crypto scams that are still online and targeting new victims. However, according to Kommersant, which cited research from Kaspersky Labs, the problem is three times greater than during the same period last year. One common example sees victims o

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Crypto News Point

Jul 21, 2020
1 min

Scammers In China Are Running Fake “CBDC Test” Groups

Scammers in China are running fake “CBDC test” groups in response to Chinese cities testing outs its new central bank digital currencies. Tencent QQ pointed out that scammers in China have started promoting out scams that ask its potential victims to open a new debit card. Victims are then told that they would receive a “significant amount of money” after an initial investment. It generally starts around 10,000 yuan ($1430 USD) while being promised that the investment will gr

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A Massive Synchronized Twitter Hack Compromised Dozens Of Verified Twitter Accounts

Crypto News Point

Jul 16, 2020
3 min

A Massive Synchronized Twitter Hack Compromised Dozens Of Verified Twitter Accounts

A large-scale Synchronized Twitter attack affected top politicians, celebrities and cryptocurrency-related verified twitter accounts appeared including exchanges such as Binance, Coinbase, and Gemini, Kucoin and more. The attacker posted about fake giveaways from the compromised accounts, asking for BTC payments while promising to send back double the amount received. Each tweet involved a scam Bitcoin (BTC) giveaway or trap. Several bitcoin addresses were used, which togethe

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Crypto News Point

Jul 13, 2020
1 min

Cardano Warns Crypto Community Against Fake ADA Giveaway Scams on YouTube

Cardano warns the crypto community against scams promoting a fake Cardano (ADA) giveaway on YouTube. Founder of Cardano, Charles Hoskinson tweets: It has come to my attention that a scam has been floating around using my conference keynote to promote a giveaway https://t.co/x2VV2niY68 this is a scam. Please report it to YouTube. We will take legal action if we can against those responsible. — Charles Hoskinson (@IOHK_Charles) July 12, 2020 Hoskinson said that a Youtube accou

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Social Media Platform Floyx To Prevent Crypto Impersonation Scams

Crypto News Point

May 26, 2020
3 min

Social Media Platform Floyx To Prevent Crypto Impersonation Scams

Floyx, a Malta-based social media platform, aims to prevent crypto impersonation scams by developing a novel system. Kamil Kępiński, the CEO of Floyx, explained that the platform can prevent malicious actors from impersonating firms and projects with a novel account system. It has been reported that scammers commonly try to trick people out of their crypto assets by pretending to be major firms and celebrities. Crypto social media platform Floyx fights impersonation scams htt

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Ripple Files Lawsuit Against Youtube To Protect Consumers From XRP Scammers

Crypto News Point

Apr 22, 2020
2 min

Ripple Files Lawsuit Against Youtube To Protect Consumers From XRP Scammers

Ripple Labs filed a lawsuit against Youtube LLC on April 21. The case seeks damages for Youtube’s failure to stop XRP (XRP) scammers and impersonators and to protect consumers around the world from dangerous online giveaway scams and false impersonations across YouTube, Twitter, Facebook and more. CEO of Ripple, Brad Garlinghouse added: Today, @Ripple and I personally are taking legal action against @YouTube because their platform is the epicenter for imposter scams, and they

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