LockBit Was Taken Down: For Now?
TL;DR Authorities have successfully taken down the LockBit website and seized control of the ransomware operation. The involvement of agencies such as the UK’s National Crime Agency (NCA),…
Scam
Reddit Users Warn About XRP Deepfake on YouTube
Reddit users have reported the presence of a deepfake video featuring Ripple CEO Brad Garlinghouse, urging XRP holders to send their tokens to a…
Cardano Founder Predicts Generative AI Scams Will Be Dramatically Better in 12-24 Months
Charles Hoskinson, the mathematician and billionaire behind the Cardano blockchain, recently issued a crucial warning to the entire cryptocurrency industry due to rapid technological…
Lendora Protocol: A Potential Scam in the Cryptocurrency Space?
Lendora Protocol, a new cryptocurrency project that claims to offer lending and borrowing services on the Scroll network, has been accused of being a…
Safereum Scam: How a DeFi Project Pulled the Rug on Its Investors
Safereum, a crypto project that claimed to be a meme-based and security-focused platform, has been exposed as a scam after its developers allegedly drained…
Rug Pull Lucky Star Currency (LSC) on the BNB Chain: 98% Drop in Price
Recently, several blockchain analysis companies revealed an alarming incident: a “rug pull” in Lucky star Currency (LSC), a cryptocurrency based on the BNB chain…
LeetSwap DEX Halts Trading on Base Amid Exploit Concerns
The LeetSwap team, which operates the top decentralized exchange on Base, an Ethereum layer-2 solution created by Coinbase, has halted trading on their platform.…
Binance Escapes $8 Million Lawsuit Over Tinder Pig Butchering Scam
Binance, the world’s largest crypto exchange, has successfully been exonerated from a lawsuit related to an online scam known as the “pig butchering” scheme,…
Coin Cafe Ordered by Court to Refund $4.3M to Customers
The Cryptocurrency exchange Coin Cafe has been directed to refund $4.3 million to its customers by the New York attorney general due to alleged excessive…
Crypto Scams and Exploits in April Account for Half of 2023’s Total Losses
The month of April witnessed a significant surge in crypto exploits, exit scams, and flash loan attacks, with over $103 million stolen from crypto…
KuCoin Confirms Fake Meme Coin Perpetrator is a Platform User
Cryptocurrency exchange KuCoin confirmed that a wallet address linked to thousands of meme coin scams that have been perpetrating rug pulls every day for…