Scams News
DeFi Lender ‘Inverse Finance’ Exploited for $15.6 Million
Inverse Finance, a decentralised lending protocol built on Ethereum, has lost over US$15 million in the latest multimillion-dollar DeFi hack...
35 NFTs Stolen in Twitter Phishing Attacks Last Week
A Mutant Ape and a Bored Ape were among 35 NFTs stolen last week via a handful of hacked verified Twitter accounts. The combined value of th...
Cybersecurity Uncovers 13 Malicious Wallets that Could Steal Your Crypto
A criminal plot to steal users’ digital assets via apps impersonating popular cryptocurrency wallets has been uncovered in new researc...
Suspicions Raised as $350,000 Bored Ape NFT Sells for Just $115
The owner of a Bored Ape NFT worth US$350,000 sold it for only 115 DAI (US$115) in what appears to be either a costly mistake or some kind o...
Cashio Token Plummets to Zero Amid $28 Million ‘Infinite Mint Glitch’
Cashio, a Solana-based algorithmic stablecoin project, has been exploited for US$52.8 million in an “infinite mint glitch”. Following th...
Crypto Venture Capitalist Loses $1.7 Million in NFT Hot Wallet Phishing Attack
Arthur Cheong, founder of DeFi and Web3-focused crypto venture capitalist firm Defiance Capital, tweeted this week that a hacker had stolen ...
New York State Attorney Convicts ‘Saint Clair’ for Promoting ‘IGObit’ Crypto Scam
In the world of cryptocurrency, we’ve come to expect a fair degree of chicanery, ranging from modernised romance scams to blatant soci...
Australian Consumer Watchdog Sues Meta Over Crypto Scam Ads
The Australian Competition and Consumer Commission (ACCC) has announced it will be suing Meta over the company’s failure to block crypto s...
Fantasm Finance DeFi Project Exploited for $2.6 Million
This week’s attack on Fantom Network-based synthetic asset protocol Fantasm Finance saw the loss of US$2.6 million worth of Ethereum. ...
Suspicious Code Detected in ETH Smart Contract Putting NFT Projects at Risk
According to the famous DeFi detective who goes by “Zahcxbt” on Twitter, 31 NFT projects may be at risk due to what he calls “suspicio...
US Siblings Charged With $124 Million ‘Ormeus Coin’ Fraud
The US Securities and Exchange Commission (SEC) this week charged John and Tina Barksdale for running a cryptocurrency scam called “Or...
Crypto Twitter Outraged by Tai Lopez’s NFT Collection, Described as ‘Ridiculous Cash Grab’
Entrepreneur, investor and internet personality Tai Lopez has come under fire this week over his latest NFT collection, which is accompanied...