Twitter users are subjected to many hacks but a new tweet from a billionaire created an uproar in the crypto-versus. This tweet left Crypto Twitter puzzled as some believed he had been hacked while several suggested otherwise. The latest reports however show he’s been hacked. Paid Tweet Backfired? Last week, prominent Venture Capitalist, Tim Draper […]
Crypto Scam
Argentina Border Crossing Process Affected as Bitcoin Scammers Take Off with Sensitive Information
Scams and frauds have become prevalent in the cryptocurrency industry, with the community taking precautions against the devastating consequences they can have. Over the last few years, the world of virtual assets has done its best to combat this pariah, but even then, one or two major issues are still emerging. The latest scam to […]
BitClub Network Ponzi Scheme Case Moves Forward; Accused Pleads Guilty
Ponzi schemes have become a part and parcel of the crypto ecosystem. However, the regulators and law enforcement aren’t far behind as they sooner or later, get hold of the ones behind the scams and the hacks. The latest news pertaining to the BitClub network Ponzi scheme stands as substantial proof. The Confession Back in […]
South Korean Authorities Raid Bithumb for Alleged Fraud Over BXA Token
Bithumb, one of the largest cryptocurrency exchanges in South Korea, has reportedly been raided by Seoul police in connection with suspected investment fraud related to the issuance of a BXA token. According to the reports by Seoul Shinmun, Seoul Metropolitan Police Agency’s Intelligent Crime Investigation Unit officers conducted search and seizure investigations at the exchange’s […]
Hackers Demand Bitcoin Donations Via Indian Prime Minister’s Website Account
Back in July, many Twitter handles of prominent celebrities, officials, and even organizations were subject to a hack. The hackers sought Bitcoin and almost all the hacked accounts demanded prominent cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], and XRP. It seems like a new set of hackers have followed the footsteps of the former as the […]
Malaysian Authorities Bust Crypto Miners For Stealing $600K Worth Electricity
The cryptocurrency ecosystem has gained tremendous popularity and value over the last decade. The cryptocurrency mining industry, specifically, miner rewards has caught the attention of many. The rewards that miners earn after mining every block seems to have opened doors for many crypto miners as they have been flooding the ecosystem regardless of the resources. […]
Alabama and Texas Bans South African Firms After Crypto Credit Card Scam
Securities watchdogs in both Alabama and Texas issued a cease and desist order following a crypto credit card scam promoted by South African firms. Accordance to a joint order issued by both the Texas State Securities Board (TSSB) and the Alabama Securities Commission (ASC), companies such as the South African Liquidity Gold Trust, Liquidity Gold Solution and […]
Bitcoin ATM ‘Loopholes’ Exploited in Hong Kong, Trio arrested
Automated Teller Machines [ATMs] has acted as the backbone of the retail payments landscape for over fifty years. Acting as a physical access point, ATMs have now made its way to the digital age money space we now know it as the cryptocurrency industry. Over the years, Bitcoin ATMs have sprung up at a highly […]
Unregistered Crypto Firms Flagged by Philippines Financial Watchdog
The financial regulator of the Philippines, Philippines Securities and Exchange Commission (SEC), has warned investors to be on alert to three unregistered crypto firms. The authority warned that the three companies might be potential scams, as they are not yet registered with appropriate government agencies. Forsage among unregistered crypto firms flagged Three flagged cryptocurrency firms are Forsage, […]
Report: North Korea Hacking Group Targeting Government COVID-19 Stimulus Checks
Popular North Korea hacking group, Lazarus Group, is preparing to launch a massive cyberattack this weekend. According to a report by the Internet security company Cyfirma, the infamous North Korean hacking group, the attack will take place after the government distributes the COVID-19 stimulus checks. The notorious hacking syndicate may target Americans who are recipients […]