Deepfake Scandal: Tim Cook Impersonated During iPhone 16 Live Stream for Crypto Fraud Background: Apple’s CEO, Tim Cook, was recently the victim of a deepfake scandal during a live stream for the announcement of the new iPhone 16. The fraudulent activity aimed to manipulate viewers into investing in a supposedly groundbreaking crypto currency project. The…
50 Cent Denies Involvement in $500M Crypto Rug Pull: An In-depth Outline Background of the Alleged Scam In late 2021, rumors began to circulate in the crypto community about a potential rug pull scam involving the rapper 50 Cent and a new cryptocurrency project named Fifty Cents Coin (FCCT). The project was marketed as a…
U.S. Treasury Report Reveals Fraud and Scams in NFT Market: An In-Depth Outline The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently released a landmark report on non-fungible tokens (NFTs), shedding light on the growing concerns surrounding fraud and scams in this burgeoning market. FinCEN, which is responsible for enforcing anti-money laundering…
A new meme coin by the name of CondomSol has been hogging the headlines—but not for good reasons. The project developers are believed to have walked away after doing a rug pull with 5,000 SOL tokens valued at a million dollars. This incident, in turn, has been another grim reminder that the threat of scams…
Following a hack of Prisma Finance that caused an $11 million loot from this prominent liquid staking protocol, a hacker in the decentralized finance (defi) division has made some stunning proposals. This person called themselves to be white-hat hackers since they are good ethical hackers who try to find bugs and fix them. Under certain…
Prisma Finance was the victim of an attack targeting its DeFi platform, netting hackers $11.6 million in the middle of a complex cyberspace. Security firm PackShield has revealed that the perpetrators of this massive financial breach began laundering a significant portion of the $6.5 million in stolen assets using the Tornado Cash cryptocurrency using Ethereum…
A fake token named “ENA,” meant to resemble the real ENA token from Ethena Labs, was exploited on the Binance launch pool, causing 480 BNB tokens worth $290,000 to be lost. The event caused much controversy in the cryptocurrency industry and happened soon after Ethena Labs’s ENA token listing was officially announced. On-chain security company…
Prisma Finance, a decentralized finance (DeFi) protocol, was the target of a significant exploit resulting in the loss of approximately $11.6 million worth of cryptocurrencies. The protocol-prisma-finance-exploited/” target=”_blank” rel=”noopener”>exploit, which occurred on March 28, sent shockwaves through the DeFi community and raised questions about the security of such platforms. Hacker’s claim and response Following the…
The decentralized finance (DeFi) ecosystem faced another setback as Prisma Finance, a prominent protocol, fell victim to an exploit, resulting in the loss of approximately $10 million worth of cryptocurrencies. On March 28, the vulnerability was detected by the on-chain security scanner provided by Cyvers, and the Crypto community was shocked by its profound consequences….
The SEC’s Blockbuster Lawsuit Against Terraform Labs: A Multi-Billion Dollar Crypto Securities Fraud Allegation Unveiled The much-anticipated civil trial against Terraform Labs commenced in the United States District Court for the Southern District of New York, marking a significant milestone in the ongoing performance against cryptocurrency fraud. In this landmark case, the United States Securities…
In a shocking turn of events, the official Twitter account of Trezor, a well-known hardware wallet manufacturer, was compromised in a suspected security breach. The incident, which occurred on March 19, 2023, involved the dissemination of fraudulent posts urging users to participate in a questionable token presale and transfer funds to an unknown wallet address….
The Mozaic Finance Hack: A Glimpse into the Persistent Security Challenges of Decentralized Finance A Prominent DeFi Application Falls Prey to a Sophisticated Cyber-Attack In a stunning turn of events, Mozaic Finance, a well-known yield farming application within the decentralized finance (DeFi) sector, succumbed to a sophisticated cyber-attack on March 15, 2023. This breach, which…
NFPrompt, a content generation platform that was incubated by Binance Labs, has been the victim of a severe cyberattack leading to substantial losses. This unfortunate event saw hackers exploit vulnerabilities within the platform, resulting in compromised user funds and portions of NFPrompt’s treasury and ecosystem fund. A Significant Security Incident Rocks the Crypto Markets: NFPrompt…
Title: Unprecedented Surge in Crypto-Related Investment Fraud: A Warning from the FBI and Global Authorities The Federal Bureau of Investigation (FBI) has published a startling report revealing an alarming increase in crypto-related investment fraud, making it the leading cause of investment losses within the United States in 2023. According to the report, losses from crypto…
The cryptocurrency sector experienced a major setback as the Seneca stablecoin protocol succumbed to a significant Website security breach, resulting in the theft of roughly $6.4 million worth of digital assets. This unfortunate incident was identified and reported by blockchain Website security firms, prompting a swift response from Seneca and the wider crypto community. Detecting…
South Korean Authorities Arrest Multinational Gang Involved in Surge of Over-the-Counter (OTC) Crypto Crimes A Multinational Gang Targeting Victims in OTC Crypto Transactions On December 3, 2023, South Korean authorities made a significant breakthrough in their efforts to combat crypto-related crimes when they apprehended six individuals, including a South Korean man and an Egyptian man,…
