Category: Scams
Cryptocurrency Scams
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…
What is Two Factor Authentication (2FA) and How Does It Work?
Introduction to Two Factor Authentication (2FA) In the 90s, the most screen time people could spend was in front of their televisions or personal computers….
Ex-Deutsche Banker Admits To $1.5M Crypto Fraud, Faces Lengthy Jail Term
Rashawn Russell, an ex-investment banker at Deutsche Bank, has recently pleaded guilty to a complex web of fraudulent activities. At the center of his deceit…
6 Common Bitcoin Scams and How to Avoid Them
Introduction Cryptocurrencies and blockchains are gaining more traction but there is an increasing problem with the issue of frauds and scammers. This article sheds light…
Common Crypto Scams and How to Avoid Them
Introduction Scams are a bad but real part of the financial system. Just like traditional finance product cryptocurrency markets are also subjected to scam. This…
What is KYC and Why Does It Matter for Crypto Exchanges?
Introduction Most investors enter into the crypto markets via cryptocurrency exchanges. Centralized crypto exchanges are regulated and they implement checks such as KYC to ensure…
What is a Crypto Phishing Attack and How to Avoid It?
Introduction Cryptocurrencies have eliminated the risk of physical robbery. However, crypto exists in the digital realm where it is exposed to various types of cyber…
Hackers Return Over 70% Of Stolen Curve Finance Funds
There are new developments regarding Curve Finance’s hacker exploits. Reports indicate that the hackers had returned approximately 73% of the stolen Curve Finance tokens, about…
What is Data Tokenization and How Does It Work?
Introduction Tokens are unmined register entries on a blockchain. Tokens are used within and outside of cryptocurrency markets. They can be redeemed for RWAs or…
What is Market Manipulation and How Does It Work in Crypto Markets?
Introduction Crypto trading requires practical experience much like any other investment market. Even professionally trained investors take their time to take up the practical experience…
Crypto Attacks On Mobile Phones: A Major Threat To Crypto Investors
Several distinct frauds using virtual currencies have surfaced over time. Scammers aren’t only after your bank account funds; they want your digital currency holdings, too,…
Dubai’s VARA Issues Enforcement Action Against BitOasis
Dubai’s Virtual Asset Regulatory Authority (VARA) has issued an enforcement action against BitOasis, one of the Middle East’s leading crypto trading platforms. The crypto regulator…
Australia’s Treasury Department Fears Crypto Debanking Could Cripple Industry
The Australian crypto ecosystem has been in the news in recent weeks following the growing trend of traditional banks cutting their services to the industry….
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