Topic
BitcoinBeginnerChinese authorities have cracked down on a significant underground banking operation involving the popular stablecoin Tether (USDT), according to reports. The racket is estimated to have moved a staggering $1.9 billion. Police forces successfully dismantled two illegal operations in the cities of…
#banks#china#scam
Tether, the issuer of the popular stablecoin USDT, froze $5.2 million worth of USDT on May 14, 2024. These funds were linked to phishing scams, highlighting Tether’s efforts to maintain the integrity of its platform. Phishing scams are a prevalent threat in the cryptocurrency space, where…
#crypto#defi#scam
BitcoinBeginnerNorth Korean hackers, specifically the group known as Kimsuky, have set their sights on cryptocurrency firms. Their weapon of choice? A new malware variant is dubbed Durian. This malware targets sensitive data stored by crypto businesses. Durian is written in Golang, a programming language gaining…
#crypto#hackers#north-korea
EthereumBeginnerStolen funds from a recent $71 million wallet impersonation scam are on the move. After laying dormant for six days, the ill-gotten gains linked to Wrapped Bitcoin (WBTC) are being dispersed across multiple crypto wallets in an attempt to launder the money. The heist unfolded on May 3rd when an…
#crypto#hackers#scam
GeneralBeginnerGoogle has announced its deployment of the advanced AI model, Gemini 1.5 Pro, to combat cyber threats and online scams. This integration marks a powerful step forward in Google’s efforts to safeguard users navigating the vast digital landscape. Gemini 1.5 Pro boasts impressive capabilities,…
#gemini#google#scam
GeneralBeginnerA prominent blockchain investigator, known pseudonymously as ZachXBT, has raised red flags about a group of scammers operating a new DeFi protocol. The warning comes as a preventative measure to shield potential victims from falling prey to this fraudulent scheme. ZachXBT utilized the online forum…
#defi#hackers#scam
GeneralBeginnerEthena Labs, a project offering a synthetic dollar on the blockchain, suffered a security exploit on their $ENA token launch day. The exploit, reported by on-chain security firm PeckShield in X post, resulted in the loss of 480 BNB tokens, valued at roughly $290,000. The vulnerability behind the…
#binance#crypto#defi
BitcoinBeginnerSteve Wozniak, co-founder of Apple, has scored a significant victory in his ongoing legal battle against YouTube. A recent appeals court verdict overturned a lower court decision, holding YouTube accountable for its role in a Bitcoin scam that exploited Wozniak’s likeness. The lawsuit stemmed from…
#apple#scam#united-states
EthereumBeginnerHackers took over the official MicroStrategy X account and uploaded a series of malicious links to a fake airdrop for the so-called Ethereum-based $MSTR token. MicroStrategy’s X account has been compromised, with malicious links pointing to a bogus airdrop of an “official” Ethereum-based MSTR…
#crypto#hackers#scam
GeneralBeginnerThe recent surge of robocalls featuring a deepfake voice impersonating President Biden has prompted a swift response from the Federal Communications Commission (FCC). In a unanimous decision, the FCC has outlawed the use of AI-generated voices in unsolicited automated calls, effectively banning…
#ai#ban#scam
GeneralBeginnerA shocking cyberattack utilizing deepfake technology, a report said has resulted in the theft of a staggering $25 million from a multinational company in Hong Kong. The elaborate scam involved replicating the appearances and voices of the company’s Chief Financial Officer (CFO) and other employees…
#scam#security
