منذ إطلاقه الأول، أصبح مسلسل "Squid Game" الكوري ظاهرة ثقافية عالمية، حيث أثار اهتمام الجمهور بشكل غير مسبوق.
ومع اقتراب عرض الموسم الثاني، لم تقتصر تأثيراته على المشاهدين فحسب، بل امتدت لتشمل مجالات متعددة، بما في ذلك الإنترنت وسوق العملات المشفرة.

الاحتيال باسم "Squid Game"

مع تزايد شهرة المسلسل، تم استغلال اسمه كذريعة لتنفيذ عمليات احتيال في سوق العملات المشفرة.
في عام 2021، تم إطلاق عملة مشفرة تحمل اسم "Squid"، والتي لم تكن مرتبطة بالمسلسل رسميًا، لكنها استغلت شعبيته لجذب المستثمرين.
شهدت قيمة العملة ارتفاعًا مذهلاً قبل أن تنهار بنسبة 99% في عملية تُعرف بـ "سحب البساط"، حيث قام المطورون ببيع ممتلكاتهم فجأة، مما أدى إلى انهيار السعر وخسارة المستثمرين.

الاحتيال في الموسم الثاني:

في الموسم الثاني، تم تقديم شخصية "لي ميونغ جي"، وهو محتال في مجال العملات المشفرة، ليبرز العلاقة بين المسلسل وهذا القطاع.
تكشف قصته كيف تم استغلال العملات المشفرة لتعزيز التوتر والدراما بين الشخصيات، حيث يدخل اللعبة مع أعدائه المتخفيين، محاولًا تسديد ديونه واستعادة مكانته.
تسلط هذه السردية الضوء على كيفية استغلال الأفراد لأجواء اليأس الاقتصادي والرغبة في الفوز بجائزة كبيرة لدفعهم نحو فخاخ الاحتيال.

التأثير الفكري:

يستخدم الموسم الثاني من "Squid Game" العملات المشفرة كأداة لتسليط الضوء على قضايا أوسع مثل الرذيلة البشرية والطمع وسوء استخدام الذكاء.
يتناول المسلسل موضوع الاحتيال بطريقة تعكس القدرة على التلاعب بالأمل واليأس في سياق الفقر والديون.
في هذا السياق، تصبح العملات المشفرة رمزًا للعصر الرقمي، حيث يمكن للأفراد تغيير مسار حياتهم في لحظة، لكن بنفس السرعة يمكنهم فقدان كل شيء.

العملات المشفرة كأداة نقدية في السياق الحديث:

على الرغم من عدم وجود ارتباط مباشر بين الموسم الثاني وعملة "Squid" المشفرة، فإن التمثيل الدرامي للعملات المشفرة يعكس الواقع الحالي الذي أصبحت فيه هذه الأدوات الرقمية جزءًا لا يتجزأ من حياتنا اليومية.
يُحذر المسلسل من مخاطر الاستثمار في مشاريع غير موثوقة ويدعو إلى التحرر من التعلق بالمكاسب السريعة، خاصةً في أوقات الأزمات الاقتصادية.

الختام:

تظهر "علاقة مسلسل Squid Game الموسم الثاني بالعملات المشفرة" الجوانب المظلمة للاقتصاد الرقمي، حيث يتم استغلال الشهرة والتكنولوجيا لتحقيق مكاسب شخصية على حساب الآخرين.
من خلال شخصياته وقصصها، يقدم المسلسل نقدًا اجتماعيًا للمجتمع الحديث، محذرًا من مخاطر التفاؤل الزائد تجاه التقنيات الجديدة دون فهم عميق للمخاطر المرتبطة بها.

#SquidGame2 #SquidGameSeason2 #Cryptocurrency #CryptoScam #DigitalCurrency #CryptoFraud #NetflixSeries #SocialCritique #ModernSociety #EconomicDespair #مسلسل_لعبة_الحبار #لعبة_الحبار #العملات_الرقمية

😎 Last few months I have been actively looking for the position then I saw a similar incident that now blockchain analyst said crypto hacker targeted crypto professionals for scamming. Here is my experience; I hope it can help you analyze them and take caution if you see some similarities to your own.
👨‍💻 Crypto hackers are now incredibly clever and continuously evolving, just like the crypto industry itself, constantly finding new ways to scam people.

✏️ Now, hackers are creating fake job postings from reputable crypto farms and agencies that promise high salaries. They are active on platforms where most crypto users live, such as Discord, Telegram, Twitter, and LinkedIn.
📝 On LinkedIn, scammers post fake jobs. When you apply, they message you and send documents or software. They trick you into troubleshooting fake technical issues with your microphone and camera, which can lead to malware infection.
📝 Scenario on Telegram & Discord
Similar way they post fake posts on several crypto communities, and they spam on well-known crypto project channels. "Like they hire crypto professionals like blockchain dev, marketer or BD.

💬 When you message them, they reply to you immediately and provide a form that facilitates the hiring process. Then they offer you to install there software check the vulnerabilities, testing the software or they told you that Each beta tester has a specific task. The game has a powerful gaming engine. And tasks, for example: to perform a certain algorithm in a game or to test some kind of player function. And after completing the task, a report is written in the game (what bugs you noticed). Your hourly rate is discussed as well.
🔎 After installing the software, they trick you. and This beta tester design by requires an invite. After I tried their invite code, I couldn't open their software.
💬 I attempted to communicate with them several times, but they did not respond. I also noticed that they appeared inactive on both Telegram and Discord.
🙏 Please be cautious. If you encounter similar tactics on any platform, think twice before proceeding. Don't install suspicious software, and if you do, remove it as quickly as possible.

✋If you have experienced something similar, please share it with us.
#Crypto_Jobs🎯 #crypto #blockchain #cryptoexchange #cryptoscam

Three Asian banks face a $3 million lawsuit for allegedly failing to protect a client from a scam that cost him nearly $1 million. The banks are accused of neglecting key Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols.
Victim of Crypto Scam Files Lawsuit
Ken Liem, a California resident, has filed a lawsuit against three banks: Fubon Bank Limited in Hong Kong, Chong Hing Bank Limited, and Singapore-based DBS Bank. He claims he was scammed through accounts hosted by these banks.
Liem lost nearly $1 million after being targeted by fraudsters who manipulated him into investing in fake cryptocurrency projects.
"Pig Butchering Scams" – A Dangerous Fraud Tactic
Fraudsters often use a tactic known as "pig butchering scams," where they gain the victim's trust by pretending to be a romantic interest or a reliable connection. Once trust is established, they lure the victim into investing in fake crypto projects.
According to the lawsuit, Liem fell victim to this tactic in June 2023 when he was offered a supposedly lucrative investment opportunity on LinkedIn. Over several months, he transferred nearly $1 million to accounts managed by the aforementioned banks.
Inadequate Safeguards and Alleged Legal Violations
The lawsuit alleges that the banks failed to conduct sufficient KYC and AML checks, which could have flagged suspicious activities. It also accuses the banks of violating the U.S. Bank Secrecy Act, as DBS Bank operates a branch in California, and the other two banks reportedly processed transactions through Liem's U.S.-based Wells Fargo account.
The U.S. Bank Secrecy Act requires financial institutions to monitor, document, and report suspicious transactions to prevent fraud and money laundering.
Additional Entities Named in the Lawsuit
Four Hong Kong-based entities—Richou Trade Limited, FFQI Trade Limited, Xibing Limited, and Weidel Limited—are also named in the lawsuit. These entities allegedly opened accounts in Liem's name and illegally redirected his funds to third-party accounts.
Compensation Demanded and the Broader Impact of Scams
Liem is seeking at least $3 million in damages, holding both the banks and the named entities accountable for the losses incurred.
Pig butchering scams became the most widespread type of cryptocurrency fraud in 2024. According to a report by Cyvers, over $3.6 billion was siphoned from the crypto sector through such schemes.
Other Victims Seek Justice
Many victims of cryptocurrency fraud are turning to courts in search of justice. For instance, Hector Gustav Gutierrez, another U.S. citizen, filed a lawsuit after losing 33 bitcoins in a pig butchering scam orchestrated by a Southeast Asian crime syndicate.
This case highlights the persistent threat of crypto fraud and underscores the need for stricter measures to protect customers.

#Cryptoscam , #CyberSecurity , #HackerAlert , #blockchain , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Shanghai Police Bust Cryptocurrency Scam Gang
Shanghai police successfully dismantled an organized group of fraudsters who scammed victims through fake investment platforms targeting cryptocurrency traders. Investigators in the Yangpu District arrested 16 individuals involved in the fraudulent scheme following an extensive investigation.
Fraudsters Used Fake Identities and Manipulation
The investigation revealed that the gang, led by individuals identified as Yang and Yu, infiltrated cryptocurrency investment chat groups while posing as “investment masters.” Using this tactic, they gained the trust of victims and directed them to a fake platform for cryptocurrency contract trading, which they had created.
On this platform, the fraudsters exploited victims’ desire for quick profits. Victims were persuaded to execute multiple trades, incurring high fees in the process. Manipulative tactics included convincing victims to increase their investments using a fraudulent “profit and loss ratio” mechanism. This trick led victims to believe their financial losses were due to poor market decisions rather than the fraudulent platform, allowing the gang to extract even more funds.
Arrests and Suspects’ Confessions
Following their arrest, all suspects admitted to their crimes. The Yangpu District police have placed the 16 individuals under compulsory criminal measures on suspicion of fraud. The case is currently under further investigation, according to authorities.
Conclusion
This case highlights the growing risks associated with cryptocurrency investments and fraudulent platforms. Police urge the public to exercise caution when engaging with unverified investment schemes and platforms.

#CryptoFraud , #CryptoNewss , #bitcoin , #ChinaCrypto , #Cryptoscam

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

In a dramatic crackdown, Shanghai police have dismantled a fraudulent cryptocurrency operation that preyed on unsuspecting investors, posing as so-called "investment masters." This cunning ring, led by individuals identified as Yang and Yu, infiltrated online investment groups, luring victims into a web of deceit.
The scammers directed their targets to a fake cryptocurrency trading platform, promising lucrative opportunities. Once victims began trading, they were manipulated into making multiple transactions, racking up exorbitant fees for the fraudsters. The criminals even devised a fake “profit and loss ratio” mechanism to mask their schemes, tricking investors into believing their losses were due to poor market decisions rather than outright theft.
🚨 The Fallout
Authorities have arrested 16 individuals linked to this operation and are actively investigating the extent of the scam. This case serves as a stark reminder of the dangers lurking in the crypto space and the lengths to which criminals will go to exploit unsuspecting investors.
🔍 Key Lessons for Investors:
1. Beware of Fake Experts: Don’t trust anyone claiming to be an "investment master" without thorough research and verification.
2. Verify Platforms: Always confirm the legitimacy of a trading platform before making investments.
3. Stay Educated: Learn to recognize red flags, such as overly complex schemes or requests for repeated investments.
Cryptocurrency offers incredible opportunities, but it’s also a breeding ground for scams. This case underscores the importance of vigilance and due diligence when navigating the crypto world.
What’s your take on this shocking case? Share your thoughts and tips on staying safe in the comments below!
Stay informed and protect your investments. 🚨
#CryptoScam #InvestmentFraud #StaySafe #ShanghaiNews #CryptoTips

In late 2021, scammers turned the global hype around Netflix’s Squid Game into a crypto nightmare. By launching the Squid Game Token (SQUID), they exploited public interest to steal $3.3 million in a textbook rug pull.
🚨 What Happened?
Scammers launched SQUID in October 2021, promising a play-to-earn gaming platform inspired by the hit show.SQUID skyrocketed from pennies to $2,860 within weeks, driven by media buzz and FOMO.On November 1, 2021, the price crashed to zero as the scammers disappeared, leaving investors with nothing.
💡 How They Tricked Investors:
Marketing implied a connection to Netflix and Squid Game, though none existed.Investors could buy but not sell tokens, masked as a game feature requiring additional purchases of “marbles.”FOMO, rising prices, and promises of massive returns kept investors hooked despite clear red flags.
🚩 Missed Warning Signs:
No official tie to Netflix or Squid Game.A poorly designed website with grammatical errors.Restricted selling, a classic rug-pull tactic.
📉 Lessons Learned:
Do Your Homework: Always verify claims of affiliation with major brands or projects.Beware of Selling Restrictions: Tokens you can’t sell are a glaring red flag.Anonymous Teams: Extra scrutiny is crucial when a project’s creators hide their identities.
🛡️ Avoiding Future Scams:
This event is a cautionary tale for all investors. Don’t let cultural excitement cloud your judgment, and always prioritize due diligence over hype.
📢 What Do You Think?
Have scams like this affected your crypto journey? Share your insights in the comments below.
#Cryptoscam #Rugpull #SquidGameToken #TheCoinRepublic #CryptoNews

Initial Coin Offerings (ICOs) have become an increasingly popular way for companies to raise funds by offering investors a new cryptocurrency. ICOs are typically unregulated and are often used by scammers to defraud unsuspecting investors. In this article, we will discuss the various types of ICO scams and how to DYOR to identify them.

1. What is an ICO?

An ICO is a fundraising method in which a company creates a new cryptocurrency and offers it for sale to investors in exchange for established cryptocurrencies such as Bitcoin or Ethereum. ICOs are similar to Initial Public Offerings (IPOs), but with cryptocurrencies instead of shares.

2. Types of ICO scams

2.1 Exit Scam

Exit scam is a type of fraud where the creators of the ICO disappear after raising funds from investors, leaving investors with worthless tokens. The creators of the ICO may take the funds and never deliver the product or service promised. In some cases, they may even delete their website and social media accounts to avoid detection.

2.2 Pump and Dump Scam

In a pump and dump scam, scammers buy large quantities of a new cryptocurrency and then promote it heavily on social media and other channels to inflate its price. Once the price has risen, they sell their tokens, leaving other investors with worthless tokens.

2.3 Phishing Scam

In a phishing scam, scammers create fake ICO websites that look similar to legitimate ones. They use these sites to collect investor information, including email addresses and cryptocurrency wallet addresses, which they use to steal funds from investors.

2.4 Fake Team Scam

In a fake team scam, scammers create fake profiles of team members with impressive credentials to make the ICO appear more legitimate. However, when investors try to contact these team members, they find that they do not exist.

3. How to identify an ICO scam

3.1 Lack of transparency

If the ICO lacks transparency or fails to provide clear information about its team, product, or business model, it may be a scam.

3.2 Unrealistic promises

If an ICO promises unrealistic returns or claims to have no risks, it is likely a scam. Don't fall in Ludacris claims.

3.3 No clear roadmap

If an ICO does not have a clear roadmap or timeline for the development of its product or service, it may be a scam.

3.4 No code available

If an ICO does not provide access to its code or whitepaper, it may be a scam.

3.5 No clear use case

If an ICO does not have a clear use case for its token, it may be a scam. Usually these kind of project claim revolutionary change but in ground level they are zero.

Initial coins offerings are always a luring aspect for retail investors. The way a project market their ICO is somewhere people got hooked. There's no doubt 100s of good project our there with legit ICO and proper roadmap. But the number is tiny.

The anonymous nature of crypto sometimes boost these types of scam. So next time before investing a lucrative ICO make sure the project tick boxes all those area. If not it's a area of concern and you should do more research before putting penny on that.

Thank you guys reading my article. This article is a part of #feedfeverchallenge so support me by like & sharing this article and comment your opinions about this. If you want help in trading check out our trading posts.

For more follow this page or check our profile for more information. Till then #Trade_safe Friends.

#dyor #ICO #cryptoscam

4. Citations:

"What is an Initial Coin Offering (ICO)?" Investopedia, 2022, https://www.investopedia.com/terms/i/initial-coin-offering-ico.asp

"ICO Scams: How to Identify and Avoid Them," Forbes, 2021, https://www.forbes.com/advisor/investing/ico-scams/ "10 Warning Signs of ICO Scams," CryptoSlate, 2019, https://cryptoslate.com/10-warning-signs-of-ico-scams/

Hola, entusiastas de las criptomonedas,
Seguramente todos hemos oído hablar de los famosos grupos de señales de cripto. Si por casualidad no los conoces, básicamente son grupos donde uno o más "traders experimentados" te dan señales sobre cuándo comprar ciertas monedas y cuándo venderlas. Usualmente, cobran una tarifa mensual para formar parte del grupo. El grupo al que me uní ofrecía señales para trading spot y futuros con apalancamiento de hasta 50X.
Vi uno de estos grupos anunciándose mucho en redes sociales de mi país, y ofrecían tres días de prueba gratis, así que pensé: "¿Por qué no? Veamos de qué trata". Me uní a su grupo de Telegram, donde había unos 500 miembros. En el grupo, publicaban sus supuestos rendimientos altos, pero curiosamente, nunca mencionaban las pérdidas, lo típico. Este era el grupo "estándar", donde estaban las personas que aún no pagaban. Como tenía la prueba gratuita, me invitaron al grupo VIP.
Para aclarar, llevo tiempo haciendo trading intradía. No soy un experto, pero he logrado generar ganancias decentes, así que no soy un novato total. Decidí saltarme las señales para trading spot porque no quería quedarme con las "shitcoins" que sugerían. Solo me interesaban los futuros. Los administradores se hacían llamar "profesores" y afirmaban tener años de experiencia y carteras de cientos de miles de dólares, lo cual sería impresionante si fuera cierto (spoiler: no lo es).
¿Cómo funciona?
Básicamente, te envían una señal con precios de entrada, puntos de toma de ganancias y un stop loss. Usábamos Binance, y sugerían usar entre el 5% y el 10% de tu portafolio en cada operación. Se supone que debes copiar cada señal. La primera señal que recibí fue Shiba Inu, y logré obtener alrededor de un 12% de ganancia con un apalancamiento de 10x. Las siguientes dos señales fueron de "shitcoins", y perdí en ambas. Nos dijeron que cerráramos la operación antes de llegar al stop loss, lo que me hizo perder cerca del 8% en cada una. El stop loss que sugerían rondaba el -25%.
Luego llegó el momento del famoso trade con 50x de apalancamiento. Nos recomendaron abrir una posición larga en BTC con 50x. Dudé, pero para poder contar la experiencia completa, decidí hacerlo. Logré obtener una ganancia del 60%. Hasta ahí, todo bien, pero fue entonces cuando las cosas empezaron a ir mal.
Mi prueba gratuita terminó y me pidieron pagar $30 para continuar. Decidí pagar para poder contar mi experiencia de un mes completo. Fue desastroso. La mayoría de las operaciones eran con "shitcoins" y las pérdidas eran frecuentes. Solo publicaban sus ganancias en el grupo estándar cuando ganábamos, y rara vez mencionaban las pérdidas. Solo vi que publicaran una pérdida una vez, y fue de solo el 2%, para luego decir que habían "salvado el día". En resumen, acabé perdiendo dinero.
Mis resultados en Binance después de 30 días fueron los siguientes:
Ganancia total: $40.56 USDPérdida total: $79.10 USDResultado neto: -$38.54 USD
Como puedes ver, no gané dinero. Y eso que no participé en todas las operaciones, así que probablemente hubiera perdido aún más. Ahora imagina a las personas que invierten más dinero por operación, debe sentirse terrible. No quise arriesgar grandes cantidades, pero está claro lo mal que resultó. Mis pérdidas fueron casi el doble de mis ganancias.
Cuando renové la suscripción, éramos unas 40 personas en el grupo. Eso significa que ellos ganaban alrededor de $1,200 al mes solo con las suscripciones, y siempre habrá nuevos incautos para reemplazar a los que se van. Es mucho dinero.
Conclusión: No te unas a ningún grupo de señales, ya sea en cripto o en cualquier otro ámbito. Estos "traders" suelen ser inexpertos que se presentan como expertos para atraerte. A menudo te mostrarán sus supuestas ganancias para convencerte, pero la mayoría de las veces probablemente las hayan sacado de internet.
Cuídate.

Conclusión: Si alguien tuviera la habilidad de convertir cosas en oro, ¿por qué te lo venderían?
#Señales #Signals #Education #educational #cryptoscam

Commission Uncovers Massive Cryptocurrency Scam
Nigeria’s Economic and Financial Crimes Commission (EFCC) conducted a raid resulting in the arrest of 792 suspects involved in schemes known as crypto romance scams. The fraudsters convinced victims to invest in fake cryptocurrency projects, leading to significant financial losses.
Links to International Groups
EFCC spokesperson Wilson Uwujaren revealed that among those arrested were 148 Chinese nationals and 40 Filipino citizens. The scammers operated from a luxury building in Lagos, Nigeria’s commercial hub. Most of the victims were citizens of the United States and Europe.
During the raid, agents seized computers, mobile phones, and vehicles. Uwujaren stated that Nigerian fraudsters were recruited by international groups to target victims online using phishing techniques. Once the victims’ trust was gained, their information was handed over to foreign counterparts, who carried out the fraud.
Collaboration with International Partners
The EFCC announced it is working with international partners to identify potential links to organized crime. This collaboration aims to strengthen actions against similar fraudulent activities.
Another Case: Nigerian Scammer Defrauds Australians of $5 Million
The arrests follow a separate case involving Osang Otukpa, who allegedly defrauded 139 Australians of $5.04 million (8 million AUD) through a fraudulent cryptocurrency platform called Liquid Asset Group.
Otukpa reportedly used five different aliases and lured victims through social media. EFCC agents apprehended Otukpa on December 6, shortly after he landed at Murtala Mohammed International Airport in Lagos. According to reports, he will be charged once the investigation is complete.
Conclusion
The EFCC continues to intensify its efforts to combat cryptocurrency fraud, working closely with global partners to curb these illegal activities. The crackdown on 792 suspects and cases like Otukpa’s highlight Nigeria’s strengthened fight against financial crimes.

#hackers , #Cryptoscam , #cryptofraud , #CryptoSecurity , #CryptoNewss

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

This is a real experience that unfolded tonight, and I’m sharing it to help others avoid falling into the same trap.

It started with a random phone call from a woman with a British accent asking if I’d recovered my Ledger. Confused, I said no. She then asked if I was in the Netherlands—again, no. She explained that an investigation had been opened, and I would soon receive further instructions.

Immediately after, I received an email from Ledger, seemingly legit, complete with a case number about Ledger recovery. The email appeared verified, and I was getting pulled in deeper. Not long after, I got another call, this time from a man named Adam, also with a British accent. He told me my device likely had corrupted firmware, and I was particularly vulnerable because I had just completed a firmware update on my Nano X.

Adam proceeded to explain that someone had recovered my private keys and was only missing my PIN to access my funds, which they could crack in 4 to 6 hours. At this point, red flags were going off, but the stress of the situation clouded my judgment, especially with the email that appeared directly from Ledger.

Adam directed me to a supposed diagnostic site to check for firmware corruption without unlocking my device. The result? A red error code. This heightened my anxiety, but things felt off when I ran the diagnostic again with my Nano X powered off—same error. Then I ran it on my Nano S, which isn’t even wireless, and got the same error. Something wasn’t adding up.

Then came the big ask: he wanted me to use the recovery feature and enter my seed phrase to generate new private keys. Alarm bells went off. Everyone knows to never enter seed words on a computer. He dangled the promise of $50,000 in insurance coverage if I followed "procedure" but hinted I could lose everything if I didn’t act fast.

Sensing the manipulation, I stalled and told him to call back in 30 minutes. Meanwhile, I hopped onto another computer, ran the diagnostics again on the wrong device, and still got the same error code—convinced now this was a scam. I initiated a chat with Ledger’s bot and, sure enough, received an email with a case number almost identical to the one the scammers had sent.

When Adam called back, I casually mentioned that I had opened another case with Ledger to confirm the diagnostic link. Click—he hung up immediately. That’s when I knew it was all a con.

These scammers were clever, using the Ledger chatbot to send emails that appeared legitimate and manipulating me through fear of losing access to my funds. Ledger never contacts you by phone—this is a big red flag to remember.

Fake Ledger Live Scam – $15K Drained from My Nano S

This isn’t the only scam targeting Ledger users. Earlier this year, I became the victim of a phishing attack, where hackers drained $15,000 worth of crypto from my Nano S after corrupting my PC. They deployed a fake version of Ledger Live that prompted me to share sensitive information.

Funds stolen:

0.17804 BTC (Bitcoin) – $7,835.66

10,699.6 ADA (Cardano) – $5,499.18

0.711888 ETH (Ethereum) – $1,592.85

4.0139 LTC (Litecoin) – $261.32

I know I made a critical error by entering my seed phrase, but the sophistication of these scams can fool even cautious users. If you’ve fallen victim, file a police report and share your information—maybe it can help bring these criminals down.

#cryptoscam #MemeCoinTrending #CanaryLitecoinETF

$320 Million Hack Leads to Liquidation
Japanese crypto exchange DMM Bitcoin has announced its closure following a cyberattack that resulted in a loss of $320 million. Despite months of attempts to recover customer funds, the company ultimately decided to transfer its remaining accounts to another operator, SBI VC Trade.
Lazarus Group Suspected as the Culprit
Renowned crypto analyst ZachXBT has pointed to the Lazarus Group, a North Korean hacker collective, as the likely perpetrator of the attack. His investigation traced approximately $35 million of the stolen funds to a Cambodian money-laundering network and found strong evidence of the group’s involvement. However, DMM Bitcoin did not gain any tangible benefits from these findings.
DMM Bitcoin’s Official Statement
According to The Nikkei, DMM Bitcoin stated its decision to close the exchange was made with the protection of its customers as the top priority. In a previous statement, the company explained:
"Protecting our customers is our number one priority. Therefore, we have decided to transfer all accounts and assets to another company. We sincerely apologize for the inconvenience caused. We plan to cease operations once this transfer is complete."
The exchange attempted a fundraising effort in June to recover customer losses. Despite these efforts, the losses could not be fully compensated, leading to the decision to transfer its assets to SBI VC Trade and wind down operations.
Call for Stricter Security Measures
The case of DMM Bitcoin underscores the need for robust security protocols for cryptocurrency exchanges. Shortly before DMM Bitcoin’s closure, Japanese financial regulators warned other platforms to implement tighter oversight and enhanced security measures.
Crypto Hacks Declining, but Risks Remain
While the overall number of cryptocurrency hacks is decreasing, their sophistication continues to grow. The DMM Bitcoin incident serves as a reminder for users to rely exclusively on trusted and secure platforms.

#CryptoHack , #Cryptoscam , #HackerAlert , #CryptoNewss , #BTC☀

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A South Korean CEO has reportedly been arrested for allegedly orchestrating a massive Ponzi scheme that defrauded investors of an estimated $366 million. According to a report in Crypto news, Byun Young-oh, the head of Wakon, a cryptocurrency platform, is accused of running the scheme alongside an accomplice named Yeom.
Wakon, with approximately 12,000 members, offered virtual currency staking products without the required financial registration with authourities. The company, which operated has across South Korea, targeted elderly citizens. The company promised senior citizens exorbitant returns of up to 45% to 50% on Ethereum deposits. Wakon has branches throughout South Korea.
The scheme unraveled in mid-2023 when investors were unable to withdraw their funds. Despite assurances from Byun, the company's collapse became evident by November when its Seoul office was shuttered.

Prosecutors have charged Byun and Yeom with fraud and are investigating the extent of the scheme. While Byun has denied any wrongdoing, claiming ignorance of Ponzi schemes, authorities are working to identify additional victims and potential accomplices.
In a similar incident, the US Securities and Exchange Commission charged an crypto trading company with defrauding 200,000 investors worldwide. Continuing its crypto fraud crackdown, the SEC has charged NovaTech, NovaTech, its executives, and affiliated promoters over a multi-level marketing fraud scheme that generated $650 million in digital assets.

North Korean Hackers Orchestrate Sophisticated Attack
A recent postmortem report reveals that North Korea-backed hackers, identified as UNC4736 (also known as Citrine Sleet), exploited Radiant Capital in a $50 million attack. The operation involved advanced social engineering tactics, with the attackers impersonating a "trusted former contractor" and distributing malware via a zipped PDF file.
Phishing Through Fake Domains and Data Manipulation
The hackers created a fake domain mimicking a legitimate Radiant Capital contractor and reached out to the Radiant team through Telegram. They requested feedback on an alleged smart contract audit project. However, the shared file concealed INLETDRIFT malware, which created macOS backdoors, granting the hackers access to hardware wallets of at least three Radiant developers.
Manipulated Transactions and Compromised Security
During the attack on October 16, the malware tampered with the Safe{Wallet} interface (formerly Gnosis Safe), displaying legitimate transaction data to developers while executing malicious transactions in the background. Despite adhering to stringent security protocols like Tenderly simulations and Standard Operating Procedures (SOP), the attackers successfully compromised multiple developer devices.
UNC4736’s Links to North Korea
According to cybersecurity firm Mandiant, UNC4736 is connected to North Korea's General Reconnaissance Bureau. This group is notorious for targeting cryptocurrency companies and financial institutions globally.
North Korean Hackers Fund Nuclear Programs
The Federal Bureau of Investigation (FBI) has previously warned about North Korean hackers’ sophisticated tactics, including targeting cryptocurrency exchanges and prominent firms. Research indicates that these state-backed groups have stolen approximately $3 billion from the cryptocurrency sector since 2017. The stolen funds are reportedly used to finance North Korea's nuclear weapons program.
A Concerning Trend in Cybersecurity
This case highlights the increasing sophistication of cyberattacks, as hackers deploy social engineering and advanced tools to target cryptocurrency firms. Radiant Capital fell victim to a meticulously planned operation, underscoring the urgent need for enhanced security measures within the crypto industry.

#CryptoNewss , #NorthKoreaHackers , #hackers , #Cryptoscam , #CryptoSecurity

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“