"Always verify the handle and followers," Shibarium Trustwatch advised. TL;DR Shibarium Trustwatch warns of a fake X account impersonating Shiba Inu’s official page. Previous alerts exposed scammers using Shytoshi Kusama’s name and fake SHIFU token emails to deceive the community. ‘Stay Safe’ The ever-evolving cryptocurrency industry offers investors the chance...
Helius Labs CEO Defends Solana Amid Criticism Over Meme Coin Frenzy
Solana’s defenders highlight its tech and innovation, arguing meme coin chaos doesn’t define the chain’s potential or progress The Solana blockchain has come under fire, with critics calling it a breeding ground for speculative assets. However, Helius Labs CEO Mert Mumtaz argues that the chain is being unfairly blamed for...
Estonian Nationals Plead Guilty in $577M HashFlare Crypto Ponzi Scheme
Sergei Potapenko and Ivan Turõgin’s $577M crypto scam included fake mining contracts and a nonexistent bank, leading to their guilty pleas. Two Estonian citizens pleaded guilty yesterday to running a massive cryptocurrency Ponzi scheme that defrauded hundreds of thousands of investors worldwide, including in the United States. The scheme involved...
Social Engineering Scams Hit Coinbase Users Hard: $65M Stolen, Actual Losses Likely Higher
Coinbase has reportedly suffered undisclosed security breaches according to ZachXBT who exposed the exchange's leadership's failure to manage evolving threats. Over the past two months, Coinbase users have reported a surge in account restrictions, which appear linked to the company’s aggressive risk models and an ongoing wave of social engineering...
Crypto Fraudster Antonia Hernandez Sentenced to 30 Months for Forcount Scam
Hernandez, who pleaded guilty to conspiracy to commit wire fraud, deceived investors into believing Forcount was a legitimate crypto firm. A New York court has sentenced Antonia Perez Hernandez, a key promoter in the Forcount Ponzi scheme, to 30 months in prison. The ruling, delivered by U.S. District Judge Analisa...
Breaking Bad Actor Dean Norris’ X Account Used for $8M Meme Coin Scam
Hackers exploited Dean Norris’ X account for a crypto scam, photoshopping images and using Cameo clips to fuel credibility. Dean Norris, best known for his role in Breaking Bad, has become the target of hackers again. His X account was recently compromised to promote a fraudulent meme coin named DEAN....
Hackers Use Nasdaq’s X Account in $80M Fake Meme Coin Scam
The attackers compromised Nasdaq's account, linked it to a fake affiliate, and duped investors into buying a phony meme coin. The official X account of the global electronic marketplace Nasdaq was apparently hacked and used to promote a fake meme coin named STONKS. Blockchain data shows that the bogus token’s...
Russia to Sell $10M in Bitcoin Seized in Hack Case
The coins are part of a $100 million stash that had been used to bribe a Russian officer investigating a global hacking syndicate. Russian authorities are reportedly looking to liquidate a major Bitcoin stash seized during investigations into an international cybercrime gang that operated between October 2010 and February 2018....
CertiK Report Reveals December Crypto Losses Dropped to 2024’s Lowest at $28.6M
CertiK reports a decline in crypto losses in December, but phishing scams remain a growing concern. There has been a significant reduction in losses from exploits, hacks, and scams in December compared to previous months. The latest report by blockchain security company CertiK recorded a total of approximately $28.6 million...
