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⚠️ Massive $BTC heist: over 4,500 BTC stolen
North Korean hackers from the Lazarus Group have been identified as responsible for the theft of over 4,500 Bitcoins from Japan’s DMM Bitcoin exchange earlier this year.
@viijaay_01 #scamriskwarning
North Korean hackers from the Lazarus Group have been identified as responsible for the theft of over 4,500 Bitcoins from Japan’s DMM Bitcoin exchange earlier this year.
@viijaay_01 #scamriskwarning
🔥 Scammers on the Rise: How the Meme Coin Boom on Solana Unlocked New Ways to Steal Millions 💸
🌐 The Crypto Market in Shock!
In 2024, total Web3 losses exceeded $2.9 billion. From DeFi to metaverses, no sector was spared. 🚨 The main vulnerability? Access control issues, responsible for 78% of all attacks.
💎 DeFi: Fewer losses, but major hacks persist
Losses decreased by 40%, but still reached $474 million. The biggest incident was the hack of Radiant Capital, costing $55 million.
🏦 CeFi in Trouble: Losses Double!
CeFi losses skyrocketed to $694 million. Notable attacks include a key leak at DMM Exchange ($305 million) and a multisignature vulnerability at WazirX ($230 million).
🎮 Games and Metaverses Lose Hundreds of Millions
The gaming sector reported $389 million in losses, accounting for 18% of all attacks. 🎲
🚩 Rug Pulls Shift to Solana
Scammers moved from BNB Chain to Solana, driven by the growing popularity of meme coins. 📈
🎯 Presales Turn into Traps: $122.5 Million Stolen in One Month!
In April 2024, scammers executed 27 fraud schemes using presales. 💰 They also exploited the names of celebrities and influencers to deceive investors.
👨💻 Phishing and North Korean Hackers
Phishing attacks led to $600 million in stolen funds, while North Korean hackers siphoned off $1.34 billion.
⚠️ Stay Alert!
Crypto scams are becoming increasingly sophisticated. 🛡️ Behind every meme coin, a trap could be waiting!
#Hack #scamriskwarning #solana
In 2024, total Web3 losses exceeded $2.9 billion. From DeFi to metaverses, no sector was spared. 🚨 The main vulnerability? Access control issues, responsible for 78% of all attacks.
💎 DeFi: Fewer losses, but major hacks persist
Losses decreased by 40%, but still reached $474 million. The biggest incident was the hack of Radiant Capital, costing $55 million.
🏦 CeFi in Trouble: Losses Double!
CeFi losses skyrocketed to $694 million. Notable attacks include a key leak at DMM Exchange ($305 million) and a multisignature vulnerability at WazirX ($230 million).
🎮 Games and Metaverses Lose Hundreds of Millions
The gaming sector reported $389 million in losses, accounting for 18% of all attacks. 🎲
🚩 Rug Pulls Shift to Solana
Scammers moved from BNB Chain to Solana, driven by the growing popularity of meme coins. 📈
🎯 Presales Turn into Traps: $122.5 Million Stolen in One Month!
In April 2024, scammers executed 27 fraud schemes using presales. 💰 They also exploited the names of celebrities and influencers to deceive investors.
👨💻 Phishing and North Korean Hackers
Phishing attacks led to $600 million in stolen funds, while North Korean hackers siphoned off $1.34 billion.
⚠️ Stay Alert!
Crypto scams are becoming increasingly sophisticated. 🛡️ Behind every meme coin, a trap could be waiting!
#Hack #scamriskwarning #solana
#scamriskwarning #BtcNewHolder
Bitcoin and Crypto Markets Dip As North Korean Hacking Threat Triggers $112,000,000 in Outflows From Hyperliquid
At the tail end of the weekend, well-known blockchain security expert Taylor Monahan who works for crypto wallet MetaMask reported that several addresses linked to the DPRK were trading on Hyperliquid, a decentralized perpetuals exchange with its own chain.
Monahan said the North Koreans were likely testing out the network before considering it as a target for their next attack.
In its Discord channel, Hyperliquid disagreed with Monahan’s analysis and said that there was no threat from the DPRK.
“We are aware of reports circulating regarding activity by supposed DPRK addresses. There has been no DPRK exploit – or any exploit for that matter – of Hyperliquid. All user funds are accounted for. Hyperliquid Labs takes opsec seriously. No vulnerabilities have been shared by any party.”
However, HYPE, Hyperliquid’s native token, dropped nearly 20% while the exchange suffered nearly $113 million in stablecoin outflows, according to blockchain analytics platform Dune.
HYPE has since stabilized and is currently trading at $26.75 with a market cap of $9.1 billion, and it’s correction is more or less in line with the rest of the crypto markets.
Earlier this month, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) said it was dismantling North Korea’s digital asset money laundering network by sanctioning Chinese nationals Lu Huaying and Zhang Jian who used a front company in the United Arab Emirates (UAE) to launder illicit money and convert crypto funds for the DPRK.
Says Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith,
“As the DPRK continues to use complex criminal schemes to fund its WMD and ballistic missile programs—including through the exploitation of digital assets—Treasury remains focused on disrupting the networks that facilitate this flow of funds to the regime.”
More interesting news – subscribe
$BTC
Bitcoin and Crypto Markets Dip As North Korean Hacking Threat Triggers $112,000,000 in Outflows From Hyperliquid
At the tail end of the weekend, well-known blockchain security expert Taylor Monahan who works for crypto wallet MetaMask reported that several addresses linked to the DPRK were trading on Hyperliquid, a decentralized perpetuals exchange with its own chain.
Monahan said the North Koreans were likely testing out the network before considering it as a target for their next attack.
In its Discord channel, Hyperliquid disagreed with Monahan’s analysis and said that there was no threat from the DPRK.
“We are aware of reports circulating regarding activity by supposed DPRK addresses. There has been no DPRK exploit – or any exploit for that matter – of Hyperliquid. All user funds are accounted for. Hyperliquid Labs takes opsec seriously. No vulnerabilities have been shared by any party.”
However, HYPE, Hyperliquid’s native token, dropped nearly 20% while the exchange suffered nearly $113 million in stablecoin outflows, according to blockchain analytics platform Dune.
HYPE has since stabilized and is currently trading at $26.75 with a market cap of $9.1 billion, and it’s correction is more or less in line with the rest of the crypto markets.
Earlier this month, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) said it was dismantling North Korea’s digital asset money laundering network by sanctioning Chinese nationals Lu Huaying and Zhang Jian who used a front company in the United Arab Emirates (UAE) to launder illicit money and convert crypto funds for the DPRK.
Says Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith,
“As the DPRK continues to use complex criminal schemes to fund its WMD and ballistic missile programs—including through the exploitation of digital assets—Treasury remains focused on disrupting the networks that facilitate this flow of funds to the regime.”
More interesting news – subscribe
$BTC
🚨 Nigerian Crypto-Romance Scams: A Wake-Up Call 🚨
🌴 Cairns Romance Scam: 60yo Woman Loses $200k to Online Fraudster 😱
💔 Scam Details:
- 60-year-old woman from Cairns, Australia, met a scammer on a dating app 💘
- Scammer posed as a US soldier, gained her trust, and asked for crypto investments 💸
- Woman lost $200,000 to the scammer, leaving her financially devastated 😢
📊 Alarming Stats:
- 1 in 5 Australians have been targeted by romance scams 📊
- $200 million lost to romance scams in Australia in 2022 💸
- Nigerian crypto-romance scams are on the rise, targeting vulnerable individuals worldwide 🌎
🚫 Red Flags:
- Unrealistic or generic profiles 💔
- Quick requests for crypto or financial info 🚨
- Poor grammar or inconsistent communication 📝
🔒 Protect Yourself:
- Verify profiles and research potential partners 🔍
- Never send crypto or financial info to strangers 🚫
- Use reputable dating apps/sites and report suspicious activity 📊
🤝 Report Scams:
- File a complaint with the Australian Competition and Consumer Commission (ACCC) or local authorities 📊
- Share your story to help others avoid similar scams 💬
Stay vigilant and prioritize your online safety! 💻🔒
$BTC
$COMP
$NEXO
#BinanceLaunchpoolBIO #BinanceAlphaAlert #MicroStrategyInNasdaq100 #scamriskwarning #Write2Earn
🌴 Cairns Romance Scam: 60yo Woman Loses $200k to Online Fraudster 😱
💔 Scam Details:
- 60-year-old woman from Cairns, Australia, met a scammer on a dating app 💘
- Scammer posed as a US soldier, gained her trust, and asked for crypto investments 💸
- Woman lost $200,000 to the scammer, leaving her financially devastated 😢
📊 Alarming Stats:
- 1 in 5 Australians have been targeted by romance scams 📊
- $200 million lost to romance scams in Australia in 2022 💸
- Nigerian crypto-romance scams are on the rise, targeting vulnerable individuals worldwide 🌎
🚫 Red Flags:
- Unrealistic or generic profiles 💔
- Quick requests for crypto or financial info 🚨
- Poor grammar or inconsistent communication 📝
🔒 Protect Yourself:
- Verify profiles and research potential partners 🔍
- Never send crypto or financial info to strangers 🚫
- Use reputable dating apps/sites and report suspicious activity 📊
🤝 Report Scams:
- File a complaint with the Australian Competition and Consumer Commission (ACCC) or local authorities 📊
- Share your story to help others avoid similar scams 💬
Stay vigilant and prioritize your online safety! 💻🔒
$BTC
$COMP
$NEXO
#BinanceLaunchpoolBIO #BinanceAlphaAlert #MicroStrategyInNasdaq100 #scamriskwarning #Write2Earn
💡QUICK TIP TO AVOID BEING ABUSED BY AIRDROPS💡
Exit from all airdrops that:
- Contain alot of $TON transactions.
- Change their toknomics.
- Has youtubers/influencers involvment in advertisement.
- Delaying dates (especially when the market is in bullish trend)
- Has plans to launch exchange.
A question that is being emphasized by influencers or in your own head you think that "Airdrops giveaways are free so why dont we just keep patience and keep farming?".
This is the trickiest yet easiest riddle to solve but people don't pay attention.
They just want you to keep playing their airdrops while they play with you by dropping $TON transactions, delaying dates till they gain enough popularity to make deals with bigger projects, companies and exchanges.
Only youtubers/influencers and the project's team benefit from this not you!
Take your time and think through before joining any airdrop.
Your time is precious as gold, do not give it away for free.
#scamriskwarning #ScamAwareness #AirdropAlert #AirdropScam
Exit from all airdrops that:
- Contain alot of $TON transactions.
- Change their toknomics.
- Has youtubers/influencers involvment in advertisement.
- Delaying dates (especially when the market is in bullish trend)
- Has plans to launch exchange.
A question that is being emphasized by influencers or in your own head you think that "Airdrops giveaways are free so why dont we just keep patience and keep farming?".
This is the trickiest yet easiest riddle to solve but people don't pay attention.
They just want you to keep playing their airdrops while they play with you by dropping $TON transactions, delaying dates till they gain enough popularity to make deals with bigger projects, companies and exchanges.
Only youtubers/influencers and the project's team benefit from this not you!
Take your time and think through before joining any airdrop.
Your time is precious as gold, do not give it away for free.
#scamriskwarning #ScamAwareness #AirdropAlert #AirdropScam
Blum🍋🍋🤪
So, here’s my new record in Blum!
A Christmas event is currently underway, so if you believe in Blum or, like me, play out of boredom, this is your chance to beat my record!
#Blum #BlumRecord #ScamRiskWarning
So, here’s my new record in Blum!
A Christmas event is currently underway, so if you believe in Blum or, like me, play out of boredom, this is your chance to beat my record!
#Blum #BlumRecord #ScamRiskWarning
🚨 Beware: The Truth About Tronkeeper Scams! 🚨
Have you seen posts about claiming rewards on platforms like Tronkeeper? It might look tempting, but let’s break it down and uncover the truth behind their claims.
What They’re Saying:
According to their post:
1️⃣ Enter your USDT (TRC20) wallet and submit.
2️⃣ Pay a fee to claim your rewards, supposedly to cover "blockchain transfer costs."
They claim these fees are necessary to maintain smooth transactions for "millions of users."
Sounds professional, right? 🤔 But there’s a catch, and users have started exposing it!
What Users Are Exposing:
🔹 Fee Mismatch: They demand 5 TON as a "gas fee" for withdrawing your $200. But here’s the issue—TON and TRON are two completely different blockchains! They cannot use TON to cover gas fees on TRON. This technical inconsistency screams red flag.
🔹 Community Feedback:
▪︎You want me to pay 5 TON to withdraw $200? That makes no sense!
▪︎If it’s legitimate, deduct the fee from my balance instead of asking for more money.
▪︎Anything that requires paying money to receive money is pure scam behavior.
Why This is Dangerous
1️⃣ No Guarantee of Payouts: Once you send your money, it’s unlikely you’ll ever see your rewards.
2️⃣ Exploiting Trust: Scammers use technical jargon to confuse users into thinking it’s a legitimate transaction.
3️⃣ Loss of Funds: People spend time and effort accumulating these so-called rewards, only to be asked for fees they cannot recover.
How to Protect Yourself
🚨 Do Your Research: Always verify the platform’s credibility.
🚨 Understand Blockchain Basics: TON and TRON are different; knowing this can help you spot inconsistencies.
🚨 Avoid Upfront Payments: If you need to send money to receive money, it’s likely a scam.
Final Thought:
These scammers rely on trust and confusion to exploit users. Stay informed, share this knowledge, and protect yourself from falling for their tricks! 💡
⚠️ Share this post to warn others!💪#scamriskwarning
Have you seen posts about claiming rewards on platforms like Tronkeeper? It might look tempting, but let’s break it down and uncover the truth behind their claims.
What They’re Saying:
According to their post:
1️⃣ Enter your USDT (TRC20) wallet and submit.
2️⃣ Pay a fee to claim your rewards, supposedly to cover "blockchain transfer costs."
They claim these fees are necessary to maintain smooth transactions for "millions of users."
Sounds professional, right? 🤔 But there’s a catch, and users have started exposing it!
What Users Are Exposing:
🔹 Fee Mismatch: They demand 5 TON as a "gas fee" for withdrawing your $200. But here’s the issue—TON and TRON are two completely different blockchains! They cannot use TON to cover gas fees on TRON. This technical inconsistency screams red flag.
🔹 Community Feedback:
▪︎You want me to pay 5 TON to withdraw $200? That makes no sense!
▪︎If it’s legitimate, deduct the fee from my balance instead of asking for more money.
▪︎Anything that requires paying money to receive money is pure scam behavior.
Why This is Dangerous
1️⃣ No Guarantee of Payouts: Once you send your money, it’s unlikely you’ll ever see your rewards.
2️⃣ Exploiting Trust: Scammers use technical jargon to confuse users into thinking it’s a legitimate transaction.
3️⃣ Loss of Funds: People spend time and effort accumulating these so-called rewards, only to be asked for fees they cannot recover.
How to Protect Yourself
🚨 Do Your Research: Always verify the platform’s credibility.
🚨 Understand Blockchain Basics: TON and TRON are different; knowing this can help you spot inconsistencies.
🚨 Avoid Upfront Payments: If you need to send money to receive money, it’s likely a scam.
Final Thought:
These scammers rely on trust and confusion to exploit users. Stay informed, share this knowledge, and protect yourself from falling for their tricks! 💡
⚠️ Share this post to warn others!💪#scamriskwarning
Grover Ketchum CoGN:
This guy have 8 billions. Next tron ceo I supposed
See original
Bias between Tron & Ton as a deception bait and they will argue "Eligible Procedure"... 🫣 BullSh!t 👀
Forget about doing all the AirDrops for every end of the year because they are usually scammers 😁 real example 👉 #REVOXAIRDROP who are clearly participants of the BNBCHAIN CATALYST AWARDS are SCAMS! puihhh.... @REVOX only sell their user data to third parties for their own benefit. 🤔
#ScamRiskWarning #CristmasMarketAnalysis
Forget about doing all the AirDrops for every end of the year because they are usually scammers 😁 real example 👉 #REVOXAIRDROP who are clearly participants of the BNBCHAIN CATALYST AWARDS are SCAMS! puihhh.... @REVOX only sell their user data to third parties for their own benefit. 🤔
#ScamRiskWarning #CristmasMarketAnalysis
🚨 Beware: The Truth About Tronkeeper Scams! 🚨
Have you seen posts about claiming rewards on platforms like Tronkeeper? It might look tempting, but let’s break it down and uncover the truth behind their claims.
What They’re Saying:
According to their post:
1️⃣ Enter your USDT (TRC20) wallet and submit.
2️⃣ Pay a fee to claim your rewards, supposedly to cover "blockchain transfer costs."
They claim these fees are necessary to maintain smooth transactions for "millions of users."
Sounds professional, right? 🤔 But there’s a catch, and users have started exposing it!
What Users Are Exposing:
🔹 Fee Mismatch: They demand 5 TON as a "gas fee" for withdrawing your $200. But here’s the issue—TON and TRON are two completely different blockchains! They cannot use TON to cover gas fees on TRON. This technical inconsistency screams red flag.
🔹 Community Feedback:
▪︎You want me to pay 5 TON to withdraw $200? That makes no sense!
▪︎If it’s legitimate, deduct the fee from my balance instead of asking for more money.
▪︎Anything that requires paying money to receive money is pure scam behavior.
Why This is Dangerous
1️⃣ No Guarantee of Payouts: Once you send your money, it’s unlikely you’ll ever see your rewards.
2️⃣ Exploiting Trust: Scammers use technical jargon to confuse users into thinking it’s a legitimate transaction.
3️⃣ Loss of Funds: People spend time and effort accumulating these so-called rewards, only to be asked for fees they cannot recover.
How to Protect Yourself
🚨 Do Your Research: Always verify the platform’s credibility.
🚨 Understand Blockchain Basics: TON and TRON are different; knowing this can help you spot inconsistencies.
🚨 Avoid Upfront Payments: If you need to send money to receive money, it’s likely a scam.
Final Thought:
These scammers rely on trust and confusion to exploit users. Stay informed, share this knowledge, and protect yourself from falling for their tricks! 💡
⚠️ Share this post to warn others!💪#scamriskwarning
Have you seen posts about claiming rewards on platforms like Tronkeeper? It might look tempting, but let’s break it down and uncover the truth behind their claims.
What They’re Saying:
According to their post:
1️⃣ Enter your USDT (TRC20) wallet and submit.
2️⃣ Pay a fee to claim your rewards, supposedly to cover "blockchain transfer costs."
They claim these fees are necessary to maintain smooth transactions for "millions of users."
Sounds professional, right? 🤔 But there’s a catch, and users have started exposing it!
What Users Are Exposing:
🔹 Fee Mismatch: They demand 5 TON as a "gas fee" for withdrawing your $200. But here’s the issue—TON and TRON are two completely different blockchains! They cannot use TON to cover gas fees on TRON. This technical inconsistency screams red flag.
🔹 Community Feedback:
▪︎You want me to pay 5 TON to withdraw $200? That makes no sense!
▪︎If it’s legitimate, deduct the fee from my balance instead of asking for more money.
▪︎Anything that requires paying money to receive money is pure scam behavior.
Why This is Dangerous
1️⃣ No Guarantee of Payouts: Once you send your money, it’s unlikely you’ll ever see your rewards.
2️⃣ Exploiting Trust: Scammers use technical jargon to confuse users into thinking it’s a legitimate transaction.
3️⃣ Loss of Funds: People spend time and effort accumulating these so-called rewards, only to be asked for fees they cannot recover.
How to Protect Yourself
🚨 Do Your Research: Always verify the platform’s credibility.
🚨 Understand Blockchain Basics: TON and TRON are different; knowing this can help you spot inconsistencies.
🚨 Avoid Upfront Payments: If you need to send money to receive money, it’s likely a scam.
Final Thought:
These scammers rely on trust and confusion to exploit users. Stay informed, share this knowledge, and protect yourself from falling for their tricks! 💡
⚠️ Share this post to warn others!💪#scamriskwarning
Critical Analysis of the "Act I: The AI Prophecy" ($ACT) Project: Scam or Not?
$SOL
The cryptocurrency market has recently witnessed significant controversy surrounding the legitimacy of the "Act I: The AI Prophecy" ($ACT) token. The token faces accusations of being a scam. In this article, we provide a comprehensive analysis of the project based on the available evidence, offering a critical review supported by credible sources.
1. Allegations and Accusations:
1.1 Intellectual Property Theft Allegations:
According to "Cyborgism Wiki," the $ACT project is accused of appropriating ideas and trademarks from an original developer who had withdrawn from the project. These claims suggest unauthorized use of the original project's materials.
Source: Cyborgism Wiki - ACT
1.2 Fraud Allegations:
Reports circulating on social media platforms and cryptocurrency forums like "Bitcointalk" claim that the project team comprises individuals with unclear backgrounds, raising further doubts about their intentions.
Source: Bitcointalk Forum$XRP 2. Project Analysis:
2.1 Official Documents and Future Plans:
Whitepaper: A review of the project's technical document reveals that the provided information is vague, lacking clear technical details or a roadmap.Source: Whitepaper of the $ACT project (Note: The link to the whitepaper should be verified directly from the project website or trusted forums).Lack of Transparency: No information is available regarding the founding team or their professional backgrounds.
2.2 Financial Activities and Suspicious Practices:
Sudden Price Surge: As reported by "Crypto Times," the token experienced an unjustified 2000% price surge after being listed on Binance, raising concerns about potential market manipulation.Source: Crypto TimesRandom Token Distribution: Several reports highlight that users received large quantities of the token unsolicited, a common tactic used to deceive investors.Source: CoinDesk
3. Community Warnings and Independent Sources:
Cryptocurrency Forums: On forums like "Gate.io," users have described the token as fraudulent, citing the absence of real utility or sustainable development.Source: Gate.io ForumExpert Reports: No reputable institutions have released reports endorsing the project’s credibility.Source: Bitcoin Magazine
4. Criteria for Identifying Scams:
To determine whether the project is a scam, its behaviors were compared to common scam patterns:
Unrealistic Returns Promises: There is no tangible product or service supporting the promised outcomes.Source: CoinTelegraphLack of Transparency: The founding team remains anonymous, and there are no clear plans for the future.Source: DecryptSuspicious Market Activities: Evident market manipulation and sudden price increases.Source: CryptoSlate
Conclusion and Recommendations:
Based on the available evidence, "Act I: The AI Prophecy" ($ACT) exhibits all signs indicative of being a scam:
Lack of transparency.Intellectual property theft allegations.Unjustified and suspicious activities.
Recommendation: Investors are advised to avoid this token unless independent reports and analyses substantiate its credibility. Caution should always be exercised when dealing with cryptocurrency projects that lack transparency and reliability.
References:
Solscan Token Overview: Solscan Token OverviewCyborgism Wiki - ACT: Cyborgism Wiki - ACTCrypto Times: Crypto TimesBitcointalk Forum: Bitcointalk ForumGate.io Forum: Gate.io ForumBitcoin Magazine: Bitcoin MagazineCoinDesk: CoinDeskCoinTelegraph: CoinTelegraphDecrypt: DecryptCryptoSlate: CryptoSlate
#BinanceSquareFamily
#ACTCoin
#altsesaon
#ScamRiskWarning
#BTCNextMove
The cryptocurrency market has recently witnessed significant controversy surrounding the legitimacy of the "Act I: The AI Prophecy" ($ACT) token. The token faces accusations of being a scam. In this article, we provide a comprehensive analysis of the project based on the available evidence, offering a critical review supported by credible sources.
1. Allegations and Accusations:
1.1 Intellectual Property Theft Allegations:
According to "Cyborgism Wiki," the $ACT project is accused of appropriating ideas and trademarks from an original developer who had withdrawn from the project. These claims suggest unauthorized use of the original project's materials.
Source: Cyborgism Wiki - ACT
1.2 Fraud Allegations:
Reports circulating on social media platforms and cryptocurrency forums like "Bitcointalk" claim that the project team comprises individuals with unclear backgrounds, raising further doubts about their intentions.
Source: Bitcointalk Forum$XRP 2. Project Analysis:
2.1 Official Documents and Future Plans:
Whitepaper: A review of the project's technical document reveals that the provided information is vague, lacking clear technical details or a roadmap.Source: Whitepaper of the $ACT project (Note: The link to the whitepaper should be verified directly from the project website or trusted forums).Lack of Transparency: No information is available regarding the founding team or their professional backgrounds.
2.2 Financial Activities and Suspicious Practices:
Sudden Price Surge: As reported by "Crypto Times," the token experienced an unjustified 2000% price surge after being listed on Binance, raising concerns about potential market manipulation.Source: Crypto TimesRandom Token Distribution: Several reports highlight that users received large quantities of the token unsolicited, a common tactic used to deceive investors.Source: CoinDesk
3. Community Warnings and Independent Sources:
Cryptocurrency Forums: On forums like "Gate.io," users have described the token as fraudulent, citing the absence of real utility or sustainable development.Source: Gate.io ForumExpert Reports: No reputable institutions have released reports endorsing the project’s credibility.Source: Bitcoin Magazine
4. Criteria for Identifying Scams:
To determine whether the project is a scam, its behaviors were compared to common scam patterns:
Unrealistic Returns Promises: There is no tangible product or service supporting the promised outcomes.Source: CoinTelegraphLack of Transparency: The founding team remains anonymous, and there are no clear plans for the future.Source: DecryptSuspicious Market Activities: Evident market manipulation and sudden price increases.Source: CryptoSlate
Conclusion and Recommendations:
Based on the available evidence, "Act I: The AI Prophecy" ($ACT) exhibits all signs indicative of being a scam:
Lack of transparency.Intellectual property theft allegations.Unjustified and suspicious activities.
Recommendation: Investors are advised to avoid this token unless independent reports and analyses substantiate its credibility. Caution should always be exercised when dealing with cryptocurrency projects that lack transparency and reliability.
References:
Solscan Token Overview: Solscan Token OverviewCyborgism Wiki - ACT: Cyborgism Wiki - ACTCrypto Times: Crypto TimesBitcointalk Forum: Bitcointalk ForumGate.io Forum: Gate.io ForumBitcoin Magazine: Bitcoin MagazineCoinDesk: CoinDeskCoinTelegraph: CoinTelegraphDecrypt: DecryptCryptoSlate: CryptoSlate
#BinanceSquareFamily
#ACTCoin
#altsesaon
#ScamRiskWarning
#BTCNextMove
Kiara Driever OoXd:
i see the team in x make so good he is working
#scamriskwarning
scam alerts 🧑💻
scam alerts 🧑💻
TIGRE_48
--
This Christmas 🎄, bring many gifts 🥳🎁.
But also many scams 👮♂️🚓🚨.
That's why we remind you ✍️ ( Be careful ⚠️ )
✋ Do not participate in any raffle 🚫
✋ Do not share your information 🚫
👮♂️ Companies do not message you privately to give away money ( they are scammers ) 🚓🚨.
#StaySafeInTheCryptoWorld
#ScamT48
But also many scams 👮♂️🚓🚨.
That's why we remind you ✍️ ( Be careful ⚠️ )
✋ Do not participate in any raffle 🚫
✋ Do not share your information 🚫
👮♂️ Companies do not message you privately to give away money ( they are scammers ) 🚓🚨.
#StaySafeInTheCryptoWorld
#ScamT48
#ScamRiskWarning
Treasury Department Disrupts North Korean Crypto Money Laundering Operation Using UAE-Based Shell Company
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) says it is dismantling North Korea’s digital asset money laundering network by taking action against individuals and entities involved in the operation.
In a statement, the OFAC says it is sanctioning Chinese nationals Lu Huaying and Zhang Jian who worked for the network that used a front company in the United Arab Emirates (UAE) to launder illicit money and convert crypto funds for North Korea.
The OFAC says the Hermit Kingdom is using agents and proxies to access the international financial system and engage in illicit revenue generation schemes such as conducting fraudulent IT work and stealing digital assets.
The agency says representatives set up shell companies and manage bank accounts to move and disguise funds that will be used to finance North Korea’s unlawful weapons of mass destruction (WMD) and ballist1c missile programs.
Says Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith,
“As the DPRK continues to use complex criminal schemes to fund its WMD and ballist1c missile programs—including through the exploitation of digital assets—Treasury remains focused on disrupting the networks that facilitate this flow of funds to the regime.”
The OFAC says Lu cashed out crypto from North Korea’s revenue-generation projects into fiat on behalf of the OFAC-sanctioned Sim Hyon Sop, who leads the laundering network.
Zhang helped facilitate the exchange of fiat currency and served as a courier for Sim.
The OFAC is also sanctioning Green Alpine Trading, the UAE-based shell company used by the laundering network.
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$USDC
Treasury Department Disrupts North Korean Crypto Money Laundering Operation Using UAE-Based Shell Company
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) says it is dismantling North Korea’s digital asset money laundering network by taking action against individuals and entities involved in the operation.
In a statement, the OFAC says it is sanctioning Chinese nationals Lu Huaying and Zhang Jian who worked for the network that used a front company in the United Arab Emirates (UAE) to launder illicit money and convert crypto funds for North Korea.
The OFAC says the Hermit Kingdom is using agents and proxies to access the international financial system and engage in illicit revenue generation schemes such as conducting fraudulent IT work and stealing digital assets.
The agency says representatives set up shell companies and manage bank accounts to move and disguise funds that will be used to finance North Korea’s unlawful weapons of mass destruction (WMD) and ballist1c missile programs.
Says Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith,
“As the DPRK continues to use complex criminal schemes to fund its WMD and ballist1c missile programs—including through the exploitation of digital assets—Treasury remains focused on disrupting the networks that facilitate this flow of funds to the regime.”
The OFAC says Lu cashed out crypto from North Korea’s revenue-generation projects into fiat on behalf of the OFAC-sanctioned Sim Hyon Sop, who leads the laundering network.
Zhang helped facilitate the exchange of fiat currency and served as a courier for Sim.
The OFAC is also sanctioning Green Alpine Trading, the UAE-based shell company used by the laundering network.
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$USDC
#ScamRiskWarning
Crypto Platforms Suffered $2,200,000,000 in Losses From Hacks in 2024
Leading blockchain data analysis firm Chainalysis says hackers stole over $2 billion from crypto platforms this year.
Even more alarming, according to the Chainalysis report, stolen funds saw more than a 20% increase from 2023.
“Crypto hacking remains a persistent threat, with four years in the past decade individually seeing more than a billion dollars worth of crypto stolen (2018, 2021, 2022, and 2023). 2024 marks the fifth year to reach this troubling milestone, highlighting how, as crypto adoption and prices rise, so too does the amount that can be stolen.
In 2024, funds stolen increased by approximately 21.07% year-over-year (YoY) to $2.2 billion, and the number of individual hacking incidents increased from 282 in 2023 to 303 in 2024.”
Curiously, however, Chainalysis notes that hacking has slowed dramatically in the second half of 2024.
“In our mid-year crime update, we noted that cumulative value stolen between January 2024 and July 2024 had already reached $1.58 billion, approximately 84.4% higher than the value stolen over the same period in 2023…
However, 2024’s upward trend slowed considerably after July, after which it remained relatively steady.”
Despite the slowdown, Chainalysis also reveals a daunting fact: North Korean hackers stole more crypto in 2024 than ever before.
“In 2023, North Korea-affiliated hackers stole approximately $660.50 million across 20 incidents; in 2024, this number increased to $1.34 billion stolen across 47 incidents — a 102.88% increase in value stolen. These figures represent 61% of the total amount stolen for the year, and 20% of total incidents.”
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$USDC
Crypto Platforms Suffered $2,200,000,000 in Losses From Hacks in 2024
Leading blockchain data analysis firm Chainalysis says hackers stole over $2 billion from crypto platforms this year.
Even more alarming, according to the Chainalysis report, stolen funds saw more than a 20% increase from 2023.
“Crypto hacking remains a persistent threat, with four years in the past decade individually seeing more than a billion dollars worth of crypto stolen (2018, 2021, 2022, and 2023). 2024 marks the fifth year to reach this troubling milestone, highlighting how, as crypto adoption and prices rise, so too does the amount that can be stolen.
In 2024, funds stolen increased by approximately 21.07% year-over-year (YoY) to $2.2 billion, and the number of individual hacking incidents increased from 282 in 2023 to 303 in 2024.”
Curiously, however, Chainalysis notes that hacking has slowed dramatically in the second half of 2024.
“In our mid-year crime update, we noted that cumulative value stolen between January 2024 and July 2024 had already reached $1.58 billion, approximately 84.4% higher than the value stolen over the same period in 2023…
However, 2024’s upward trend slowed considerably after July, after which it remained relatively steady.”
Despite the slowdown, Chainalysis also reveals a daunting fact: North Korean hackers stole more crypto in 2024 than ever before.
“In 2023, North Korea-affiliated hackers stole approximately $660.50 million across 20 incidents; in 2024, this number increased to $1.34 billion stolen across 47 incidents — a 102.88% increase in value stolen. These figures represent 61% of the total amount stolen for the year, and 20% of total incidents.”
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$USDC
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#CrudoProtocol RED FLAG
Hello everyone.
Today I was taking a look at my airdrops, investments and portfolios when I suddenly came across a message in the Crudo Protocol group saying that the token would no longer be launched until December 31st.
It was explained that more funds were needed to have larger partnerships with larger exchanges.
Now a poll was placed in a Crudo Protocol team chat for members to comment on the postponement of the token launch (a very suspicious vote) where of course, by a large majority people even understood and seemed almost happy. 😅
DO YOU KNOW THAT RED FLAG?
Then. I just said that it was to be expected because the pre-sale hadn't finished and that the mistake had been promising something that was as basic to understand as:
If they do not complete the pre-sales stages, they cannot fulfill the promise of the investment plan.
I have 20$ of crudo and I didn't care at all that the token came out later but to say that it was wrong to sell under promise of honor and that the launch would be until December 31st, it didn't matter what pre-sale stages or market conditions existed ...
I WAS BANNED.
And that's a big #REDFLAG
I feel sorry for anyone who put in thousands hoping to get a return this year honestly.
Besides, anyone who read this narrative about leaving under whatever conditions until December 31st was already suspicious, so I just invested 20$
Avoid projects by anonymous teams and if you see the history of the wallets that created the Token on the BNB network soon and you realize that something is not right.
DON'T WASTE YOUR MONEY 💶
MEMBERS ARE BEING EXPULDED FROM GROUPS AND THE NARRATIVE OF SCAMMERS ACTING FOR US HAS ALREADY APPEARED. (Prints attached)
#Crudo #CrudoProtocol #ScamRiskWarning
Hello everyone.
Today I was taking a look at my airdrops, investments and portfolios when I suddenly came across a message in the Crudo Protocol group saying that the token would no longer be launched until December 31st.
It was explained that more funds were needed to have larger partnerships with larger exchanges.
Now a poll was placed in a Crudo Protocol team chat for members to comment on the postponement of the token launch (a very suspicious vote) where of course, by a large majority people even understood and seemed almost happy. 😅
DO YOU KNOW THAT RED FLAG?
Then. I just said that it was to be expected because the pre-sale hadn't finished and that the mistake had been promising something that was as basic to understand as:
If they do not complete the pre-sales stages, they cannot fulfill the promise of the investment plan.
I have 20$ of crudo and I didn't care at all that the token came out later but to say that it was wrong to sell under promise of honor and that the launch would be until December 31st, it didn't matter what pre-sale stages or market conditions existed ...
I WAS BANNED.
And that's a big #REDFLAG
I feel sorry for anyone who put in thousands hoping to get a return this year honestly.
Besides, anyone who read this narrative about leaving under whatever conditions until December 31st was already suspicious, so I just invested 20$
Avoid projects by anonymous teams and if you see the history of the wallets that created the Token on the BNB network soon and you realize that something is not right.
DON'T WASTE YOUR MONEY 💶
MEMBERS ARE BEING EXPULDED FROM GROUPS AND THE NARRATIVE OF SCAMMERS ACTING FOR US HAS ALREADY APPEARED. (Prints attached)
#Crudo #CrudoProtocol #ScamRiskWarning
🚨 Stay Alert: Beware of Fake Airdrops! 🚨
Scammers: "Claim free tokens! Just send us your wallet keys or pay a small fee!" 🪙✨
You: "Free tokens? Sounds amazing!"
5 minutes later: "Why is my wallet empty? 😱"
How Fake Airdrops Work:
1️⃣ Too-Good-to-Be-True Promises – Flashy posts claiming "Exclusive Airdrops!"
2️⃣ Suspicious Links – Direct you to shady websites or forms.
3️⃣ Scam Requests – Asking for your private keys or a small "processing fee."
4️⃣ Poof! – Your wallet is drained faster than you can say "blockchain."
How to Protect Yourself:
🚫 Never share your private keys or seed phrases.
🛑 Real airdrops never require upfront fees.
✅ Always verify announcements from official sources.
#FreeAirDrop #scamriskwarning #beaware #FakeAirdrops
Don't let scammers "take" your funds! Stay safe and protect your wallet. 💪
$BNB
$TON
You: "Free tokens? Sounds amazing!"
5 minutes later: "Why is my wallet empty? 😱"
How Fake Airdrops Work:
1️⃣ Too-Good-to-Be-True Promises – Flashy posts claiming "Exclusive Airdrops!"
2️⃣ Suspicious Links – Direct you to shady websites or forms.
3️⃣ Scam Requests – Asking for your private keys or a small "processing fee."
4️⃣ Poof! – Your wallet is drained faster than you can say "blockchain."
How to Protect Yourself:
🚫 Never share your private keys or seed phrases.
🛑 Real airdrops never require upfront fees.
✅ Always verify announcements from official sources.
#FreeAirDrop #scamriskwarning #beaware #FakeAirdrops
Don't let scammers "take" your funds! Stay safe and protect your wallet. 💪
$BNB
$TON
VELO's Rise and Fall - Is a Comeback Imminent or a Rug Pull Looming?"
Velodrome Finance (VELO) has recently garnered significant attention in the cryptocurrency market, particularly following its listing on Binance. This article delves into the current state of VELO, examines the factors influencing its price movements, analyzes its performance since the Binance listing, provides a price prediction, and assesses the potential risks associated with the token.
1. Current Status of VELO Cryptocurrency:
VELO is the native token of Velodrome Finance, a decentralized exchange (DEX) operating on the Optimism network. The platform has positioned itself as a major player in the decentralized finance (DeFi) space, offering competitive swap rates and innovative liquidity solutions. As of December 17, 2024, VELO is trading at approximately $0.03126, with a market capitalization of around $231 million and a 24-hour trading volume of about $65.72 million.
2. Post-Binance Listing Performance:
VELO experienced a significant surge following its listing on Binance. On December 13, 2024, the token's price jumped by 170%, reaching a high of $0.39 shortly after the announcement. This listing increased the token's visibility and accessibility, contributing to heightened investor interest.
3. Analysis Since Binance Listing:
Despite the initial surge, VELO's price has exhibited volatility. After peaking at $0.42, the token has retraced to its current level of approximately $0.03126. This decline suggests that the initial excitement may have waned, leading to profit-taking and market corrections. Such patterns are common following major exchange listings, where an initial pump is often followed by a consolidation phase.
4. Price Prediction:
Predicting cryptocurrency prices involves considerable uncertainty due to market volatility and external factors. However, some analysts have identified bullish patterns for VELO. For instance, a cup and handle formation suggests a potential rise to $0.054, representing a 109% increase from current levels. This projection is contingent upon market conditions and investor sentiment remaining favorable.
5. Potential Risks and Rug Pull Concerns:
A rug pull is a type of exit scam where developers abandon a project after securing substantial investor funds, leaving investors with worthless tokens. While there have been discussions on platforms like Reddit labeling VELO as a scam token, it's important to note that Velodrome Finance has undergone audits, with no major or high-risk issues identified. However, some low-risk recommendations were made. Investors should exercise caution, conduct thorough research, and remain vigilant for any red flags indicating potential fraud.
Conclusion:
VELO's journey post-Binance listing has been marked by significant volatility. While the initial surge showcased strong market interest, the subsequent correction underscores the inherent risks in cryptocurrency investments. Potential investors should conduct comprehensive due diligence, remain aware of market dynamics, and consider the speculative nature of such assets before making investment decisions.
$VELODROME #Write2Earn! #scamriskwarning
1. Current Status of VELO Cryptocurrency:
VELO is the native token of Velodrome Finance, a decentralized exchange (DEX) operating on the Optimism network. The platform has positioned itself as a major player in the decentralized finance (DeFi) space, offering competitive swap rates and innovative liquidity solutions. As of December 17, 2024, VELO is trading at approximately $0.03126, with a market capitalization of around $231 million and a 24-hour trading volume of about $65.72 million.
2. Post-Binance Listing Performance:
VELO experienced a significant surge following its listing on Binance. On December 13, 2024, the token's price jumped by 170%, reaching a high of $0.39 shortly after the announcement. This listing increased the token's visibility and accessibility, contributing to heightened investor interest.
3. Analysis Since Binance Listing:
Despite the initial surge, VELO's price has exhibited volatility. After peaking at $0.42, the token has retraced to its current level of approximately $0.03126. This decline suggests that the initial excitement may have waned, leading to profit-taking and market corrections. Such patterns are common following major exchange listings, where an initial pump is often followed by a consolidation phase.
4. Price Prediction:
Predicting cryptocurrency prices involves considerable uncertainty due to market volatility and external factors. However, some analysts have identified bullish patterns for VELO. For instance, a cup and handle formation suggests a potential rise to $0.054, representing a 109% increase from current levels. This projection is contingent upon market conditions and investor sentiment remaining favorable.
5. Potential Risks and Rug Pull Concerns:
A rug pull is a type of exit scam where developers abandon a project after securing substantial investor funds, leaving investors with worthless tokens. While there have been discussions on platforms like Reddit labeling VELO as a scam token, it's important to note that Velodrome Finance has undergone audits, with no major or high-risk issues identified. However, some low-risk recommendations were made. Investors should exercise caution, conduct thorough research, and remain vigilant for any red flags indicating potential fraud.
Conclusion:
VELO's journey post-Binance listing has been marked by significant volatility. While the initial surge showcased strong market interest, the subsequent correction underscores the inherent risks in cryptocurrency investments. Potential investors should conduct comprehensive due diligence, remain aware of market dynamics, and consider the speculative nature of such assets before making investment decisions.
$VELODROME #Write2Earn! #scamriskwarning
Binance Customer Support？
Binance's customer support is accessible only via its official application.
It is of utmost importance to exercise caution. Do not place your trust in individuals who reach out to you on social media, claiming to offer support. Such people are invariably scammers.
We are grateful for your support. Please stay vigilant and safe.
#Guidance
#scamriskwarning
It is of utmost importance to exercise caution. Do not place your trust in individuals who reach out to you on social media, claiming to offer support. Such people are invariably scammers.
We are grateful for your support. Please stay vigilant and safe.
#Guidance
#scamriskwarning
Ledger Wallet User Reports $1.5M in Losses, Crypto Community Links Incident to 2022 Phishing Attack
A crypto enthusiast recently took to social media platform X to report a devastating loss of 10 Bitcoin (BTC) and $1.5 million worth of NFTs. Despite taking precautions with their Ledger Nano S wallet, the crypto community linked the incident to a phishing attack from 2022.
The Incident: $1.5 Million and 10 BTC Gone
On December 13, 2024, the user, known as "Anchor Drops," revealed their losses on X. They stated:
"Hey @ledger, last night I lost 10 BTC and ~$1.5M of NFTs stored on my Ledger Nano S. The Ledger was purchased directly from you. The seed phrase was stored securely and never entered online. I have never signed any malicious transactions. Can you explain what happened?"
The user emphasized that their seed phrase was kept in a secure location and that the wallet had not been used for over two months. They were searching for answers and clarity regarding the unexpected breach.
Community Investigation: A 2022 Phishing Attack
In response to the post, several members of the crypto community speculated that the loss stemmed from a phishing attack dating back to February 2022. One user, KDean, commented:
"Sorry to hear that. Looks like the phish happened a few years ago and just woke up."
KDean provided evidence tying the compromised Ethereum address to a phishing transaction labeled "Fake_Phishing5443." This transaction, dated February 22, 2022, reportedly involved the theft of sensitive wallet data, including the victim's seed phrase.
How Did the Attack Unfold?
Crypto experts suggest the phishing attack likely captured the seed phrase at the time, granting the hacker access to the victim’s funds across multiple blockchains. The hacker waited nearly three years before draining the wallet, a strategy often employed to evade suspicion.
With Bitcoin currently valued at $105,000, the stolen 10 BTC translates to $1,050,000. Combined with the $1.5 million in NFTs, the total losses amount to over $2.5 million.
Past Ledger Security Breaches
This incident highlights ongoing security challenges for Ledger. Earlier this year, the company faced another attack where approximately $600,000 was stolen. The January 2024 breach involved phishing via the Ledger Connect Kit software, reportedly orchestrated by a former employee.
In that case, malicious code redirected users’ funds to the hacker’s wallet during interactions with decentralized applications (dApps). Ledger reimbursed affected users and implemented tighter security measures following the incident.
Lessons for Crypto Users
This case underscores the importance of vigilance when safeguarding digital assets. While hardware wallets like Ledger Nano S offer enhanced security, phishing attacks targeting seed phrases remain a significant threat. Users must remain cautious, avoid sharing sensitive information, and monitor their wallets for unusual activity.
Security in the crypto world is ever-evolving, and staying informed is key to protecting your assets.
$BTC
#MarketNewHype #ETHHits4KAgain #BTCNewATH #ScamAware #scamriskwarning
The Incident: $1.5 Million and 10 BTC Gone
On December 13, 2024, the user, known as "Anchor Drops," revealed their losses on X. They stated:
"Hey @ledger, last night I lost 10 BTC and ~$1.5M of NFTs stored on my Ledger Nano S. The Ledger was purchased directly from you. The seed phrase was stored securely and never entered online. I have never signed any malicious transactions. Can you explain what happened?"
The user emphasized that their seed phrase was kept in a secure location and that the wallet had not been used for over two months. They were searching for answers and clarity regarding the unexpected breach.
Community Investigation: A 2022 Phishing Attack
In response to the post, several members of the crypto community speculated that the loss stemmed from a phishing attack dating back to February 2022. One user, KDean, commented:
"Sorry to hear that. Looks like the phish happened a few years ago and just woke up."
KDean provided evidence tying the compromised Ethereum address to a phishing transaction labeled "Fake_Phishing5443." This transaction, dated February 22, 2022, reportedly involved the theft of sensitive wallet data, including the victim's seed phrase.
How Did the Attack Unfold?
Crypto experts suggest the phishing attack likely captured the seed phrase at the time, granting the hacker access to the victim’s funds across multiple blockchains. The hacker waited nearly three years before draining the wallet, a strategy often employed to evade suspicion.
With Bitcoin currently valued at $105,000, the stolen 10 BTC translates to $1,050,000. Combined with the $1.5 million in NFTs, the total losses amount to over $2.5 million.
Past Ledger Security Breaches
This incident highlights ongoing security challenges for Ledger. Earlier this year, the company faced another attack where approximately $600,000 was stolen. The January 2024 breach involved phishing via the Ledger Connect Kit software, reportedly orchestrated by a former employee.
In that case, malicious code redirected users’ funds to the hacker’s wallet during interactions with decentralized applications (dApps). Ledger reimbursed affected users and implemented tighter security measures following the incident.
Lessons for Crypto Users
This case underscores the importance of vigilance when safeguarding digital assets. While hardware wallets like Ledger Nano S offer enhanced security, phishing attacks targeting seed phrases remain a significant threat. Users must remain cautious, avoid sharing sensitive information, and monitor their wallets for unusual activity.
Security in the crypto world is ever-evolving, and staying informed is key to protecting your assets.
$BTC
#MarketNewHype #ETHHits4KAgain #BTCNewATH #ScamAware #scamriskwarning
Top 3 People Holders in $UXLINK Have %85 of Token ! is this normal ? ! Further declines will occur at any time ! stay safe with Token.
Holders URL : UXLINK Holder
#ScamAware #scamriskwarning #BTC☀ #uxlink #CryptoNewss
$BTC $DOGE
Holders URL : UXLINK Holder
#ScamAware #scamriskwarning #BTC☀ #uxlink #CryptoNewss
$BTC $DOGE