What is a honeypot crypto scam and how to spot it?
A virtual trap to lure attackers so that you can improve security policies is what honeypot aims for! What is a crypto honeypot and why is it used?Smart contracts programs across a decentralized network of nodes can be executed on modern blockchains like Ethereum. Smart contracts are becoming more popular and valuable, making them a more appealing target for attackers. Several smart contracts have been targeted by hackers in recent years. However, a new trend appears to be gaining traction; namely, attackers are no longer looking for susceptible contracts but are adopting a more proactive....
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Crypto scam victims can now heave a sigh of relief. Popular crypto wallet MetaMask has recently partnered with Asset Reality, a London-based specialist in digital asset scam investigations and recovery, to facilitate helping scam victims with getting back their stolen crypto assets. According to MetaMask, the collaboration with Asset Reality is “an industry-first approach in improving […]
The guidance is apt to chafe privacy advocates, inside and outside the crypto space, who are already uneasy about the honeypot that FinCEN’s suspicious activity report database has become.
Indians visited crypto scam websites nearly 10 million times last year, according to blockchain data analytics firm Chainalysis. The top crypto scam sites alone were visited 4.6 million times by Indian users.
Millions of Indians Visit Crypto Scam Sites
Indians visited scam crypto websites in droves over the past years, according to data from blockchain analytics firm Chainalysis.
The firm found that Indians visited cryptocurrency scam websites 9.6 million times last year. In 2020, the figure was much higher. Crypto scam websites were visited 17.8 million times....
U.S. authorities have warned about the rising popularity of a crypto scam known as “pig butchering.” The Federal Bureau of Investigation (FBI) explained: “The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money.”
‘Pig Butchering’ Crypto Scam on the Rise
U.S. authorities have been warning about a type of cryptocurrency scam called “pig butchering” that has been growing in popularity at an alarming rate.
Lakewood Police....
Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.”
New Crypto Scam Reporting Platform Launched
A number of crypto firms have joined forces and launched a new, multi-chain scam reporting platform. TRM Labs, Circle, Solana Foundation, the Aave Companies, Hedera, Binance.us, and Civic announced last week “the launch of a new community-powered scam reporting platform,....