Category: Scams
Cryptocurrency Scams
A Comprehensive Guide to Identifying Crypto Scam Ads on Social Media Platforms
While browsing your favorite social media platform, you are likely to come across crypto adverstisements promising massive returns. But do not get too excited, as…
India-Based Crypto Exchange Suffers $235M Hack Attack
WazirX is a cryptocurrency exchange operating out of India however the platform recently underwent a hack attack. The hackers targeted a multisig wallet associated with…
FTC Warns Crypto Investors of Increasing Crypto Romance Scams
FTC has issued a warning to inform cryptocurrency investors about the sudden rise in romance scams. The notification posited that cryptocurrency investors should learn about…
Taiwan Solves $6.2 Million Crypto Fraud with the Help of Binance
Binance is working with the regulators of Taiwan to bust scammers. The prosecutors in Taiwan have put together evidence that has led to the indictment…
Top Ways to Keep Your Crypto Holdings Safe
How to Secure Cryptocurrency Reserves? Cryptocurrency investors have to use a custodial or non-custodial wallet as a way to store and manage their reserves. It…
What is a Gift Card Scam and How Does It Work?
What is a Gift Card Scam? In the booming online market and e-commerce sector, online payments have become a norm. At the same time, people…
What is a Crypto Exit Scam and How Does It Work?
What is an Exit Scam? An exit scam is a type of financial fraud where a project or firm opts to steal the money collected…
Ponzi Vs Pyramid Schemes: Major Differences
What is a Ponzi Scheme? A Ponzi scheme is a type of scam where grifters deceive investors using malicious and non-transparent techniques. This is a…
What is Feedzai and How Does It Work?
What is Feedzai? Feedzai is an AI-based risk management program that is used to detect financial scams at an institutional scale. In the current environment,…
How to Buy Bitcoin (BTC) with Cash: A Comprehensive Guide
How to Buy Bitcoin with Cash? Bitcoin is the flagship cryptocurrency that was introduced in 2009 by a pseudonymous developer named Satoshi Nakamoto. Bitcoin blockchain…
What is a Crypto Malware and How Does It Work?
What is a Crypto Malware? Malware is a type of computer virus that can affect the performance of an operating system in different ways. Cryptocurrency…
What are Sniper Bots and How to Avoid Token Sniping Scams?
What are Sniper Bots? Sniper bots are programs that have the ability to perform specified functions at regular intervals in an automated manner. These functions…
All You Need To Know About Ransomware
What is Ransomware? Ransomware is a type of computer virus or malicious software that hijacks the personal information of a user. This virus breaches an…
What are Nested Crypto Exchanges and How to Avoid Them?
What is a Nested Exchange? A nested exchange is a cryptocurrency trading services provider that processes crypto trades via another account present on a different…
A Beginner’s Guide to Impersonation Scams
What is an Impersonation Scam? An Impersonation scam is a type of scheme where fraudulent actors try to act as a reliable individual. In this…
What is an NFT Scam? Common Types of NFT Scams
What are NFTs? NFT is an abbreviated form for Non-Fungible Tokens. They are a type of digital token that allows investors to preserve unique objects…
What is an Eclipse Attack and How to Avoid It?
What is an Eclipse Attack? An eclipse attack initiates a series of complex computerized operations to destabilize a blockchain network. Hackers focus their attention on…
What is a Honeypot Scam and How Does It Work?
What is a Honeypot Scam? Honeypot scams happen when scammers lure their victims to withdraw funds from a spiked or maliciously configured wallet account. The…
Most Common DeFi Scams and How to Avoid Them
What is DeFi? DeFi stands for decentralized finance is a term that refers to decentralized applications, protocols, and exchanges. DeFi is a type of financial…
Alameda Research Lost $190M To Scams And Unverified Protocols – Whistleblower
Alameda Research, affiliated with FTX, suffered losses of at least $190 million due to preventable scams and engagements with dubious blockchains. This revelation comes from…
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