Buyer Beware: Crypto Scammers Raked In $14 Billion In 2021
According to blockchain research firm Chainalysis, scam involving crypto reached an all-time high of $14 billion last year, a record that comes as regulators demand for more power over the fast-growing sector. Growing Interest In Crypto Fueled Most Scams Cryptocurrency crime set a new high in 2021, according to a recent analysis, with scammers stealing $14 billion worth of cryptocurrency. According to the “2022 Crypto Crime Report” released by blockchain data firm Chainalysis on Thursday, Jan. 6, that’s nearly double the $7.8 billion stolen by fraudsters in 2020. The....
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Crypto scammers have defrauded more than 46,000 people over $1 billion since the start of 2021, according to a report released by the Federal Trade Commission on Friday. Fraudsters are capitalizing on the increased popularity of acquiring digital wealth quickly. With almost $1 out of every $4 in these frauds paid in cryptocurrency, the FTC […]
Crypto scammers have been busy making millions at the cost of iPhone users who were merely looking for romance on dating apps. Wherever there is great profit, fraud comes to trick its way into a promised land. The increase of scammers has been widely reported this year. They are a real danger for cryptocurrency users. […]
Crypto scams have been on the rise with the bull rally but scammers have found another medium to perpetuate their scams. YouTube has always been an effective marketing and influencing tool in the space, which is why it is sometimes a prime target for scammers. This time around, scammers have found another way to separate […]
As interest in Bitcoin continues to escalate on a global scale, scammers have decided to cash in on the digital currency gold rush by taking advantage of the Internet's less tech savvy users. Over the last several years there have been examples of Trojans stealing Bitcoin wallets and installing Bitcoin miners, however these efforts haven't been terribly complex. Recently. Now there are a slew of Mt. Gox scam sites on the loose, tricking unsuspecting users into thinking they're making a wise investment decision. A recent example last week demonstrates how far criminal intent has come in the....
The firm reported that although the market downturn had caused the value of NFTs to “slump”, scammers stole an estimated 4,647 of the tokens in July 2022. Cryptocurrency risk management firm Elliptic has released a report suggesting that scammers stole more than $100 million worth of nonfungible tokens, or NFTs, starting in 2021.In its NFTs and Financial Crime report released on Wednesday, Elliptic said crypto users had been the victims of roughly $100.6 million worth of scams related to NFTs in the 13-month period from July 2021 to July 2022. The firm reported that although the market....