Egyptian Police Arrests 29 Over Hoggpool Crypto Cloud Mining Scam.
Egyptian security forces recently arrested 29 people associated with the Hoggpool cryptocurrency investment scam. During the arrests, the police reportedly said as many as 95 phones and 3,367 SIM cards were seized. Domestic and foreign currency worth $194,000 was also…
Egypt Arrest Many Over Online Crypto Scam.
Egyptian authorities have arrested 29 people, including 13 foreign citizens, accused of running an online cryptocurrency scam that defrauded thousands of investors, state media reported. Authorities have arrested 29 people, including 13 foreign citizens, in connection with the fraudulent platform…
Nigerian Man Scams Bitcoin Worth $382,000 From Victims Across 13 Countries: EFCC
Economic and Financial Crimes Commission (EFCC) has announced the arrest of a Nigerian man who scammed victims across 13 countries, The suspect allegedly received $382,000 worth of bitcoins from his victims before his account was blocked by his Virtual Asset…
21 Year Old Man Bags 18 Months In Prison Over Crypto Scam In Morocco.
Morocco’s Casablanca Court of Appeals confirmed last week an 18-month prison sentence for a 21-year-old Frenchman for fraud and illegal use of cryptocurrency, also ordering him to compensate victims of his fraud. The defendant was accused by a Frenchwoman and…
Crypto Hackers Are Using ChatGPT: Meta ( Facebook) Reveals.
Facebook owner Meta revealed in a security report Wednesday that hackers have seized on worldwide interest in the artificial intelligence-powered tool, ChatGPT in an effort to break into people’s devices, equating the phenomenon to the surge in cryptocurrency scams. Meta’s…
In April, Over $100 Million Worth Of Crypto Lost To Scam & Hacks Activities: Certik Report.
Certified Kernel Tech (CertiK), a blockchain and smart contract security firm, revealed that crypto related exploits, hacks, and scams in April resulted in losses worth $103 million. The figures for last month are a lot less than the $211 million…
Crypto Scammers Are Using Al To Create Fake CEO.
Last week, the California Department of Financial Protection and Innovation (DFPI) announced its latest efforts to protect residents from crypto scams, sending cease and desist letters to five companies it claims attempted to profit from the AI hype train. Artificial…
FBI: Crypto Investment Fraud Climbed, 183% to $2.57 Billion In 2022.
The 2022 Internet Crime Report published by the Federal Bureau of Investigation (FBI) last week, noted that the report is compiled using data from the agency’s Internet Crime Complaint Center (IC3) which “serves as a public resource to submit reports…
Crypto Influencer Promoting Rug Projects Busted.
Popular crypto Influencer, Lark Davis with verified Twitter account: @thecryptolark has been exposed for promoting low cap projects to his over one million followers so as to dump his token quota on them shortly after. Zach XBT, a self professed…
#BinancestopscammingNigerians Trends On Nigeria Twitter.
Global crypto exchange Binance, is presently facing the heat on Nigeria Twitter space with a trending hashtag #binancestopscammingnigerians, accusing the cryptocurrency exchange and blockchain company of neglect to numerous users complaint it’s Nigerian users have made over poor customer services…