🔐 Cyber News (Apr 22, 2024):

1️⃣ ZachXBT: Over 40% of projects in the #Solana ecosystem ceased further development a month after presale. An expert studied 27 projects that raised over 655,000 SOL during token presales. 12 of them turned out to be associated with fraud. 🔍

2️⃣ Bleeping Computer: Malicious actors have created a phishing version of the legitimate decentralized OTC platform Whales Market for cryptocurrency trading and are promoting it in Google search results. The advertisement in the search engine is labeled as "sponsored," making it more noticeable. Google has not commented on the situation. 🎣

3️⃣ CoinDesk: Indian citizen Chirag Tomar confessed to creating a fake Coinbase cryptocurrency exchange website, stealing hundreds of users' credentials, and embezzling over $9.5 million in cryptocurrency. 💻💰

4️⃣ Wu Blockchain: The decentralized gambling network #ZKasino is suspected of fraudulent activities against its users. The project team raised 10,515 ETH and then closed the Telegram channel and blocked fund withdrawals. 🎲❌

5️⃣ SCMP: Hong Kong police have announced the arrest of 72 individuals as part of an investigation into fraud at the #JPEX cryptocurrency exchange. Law enforcement also froze assets totaling 228 million HKD ($29.37 million). In total, the police received 2,636 reports from victims. The damage amounted to about 1.6 billion HKD (~$204.3 million). 🚔💰

👍 Enjoying the updates? Feel free to subscribe for more or drop a like! Have questions? We're here to answer.