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MBAPPÉ's Twitter HACKED & Trader Loses $1 MILLION on Memecoin! Football superstar Kylian #Mbappe, who plays for Real Madrid and the French national team, had his X account hacked, and it instantly started shilling memecoins, raking in hundreds of thousands of dollars. 🪙💥 On the morning of August 29th (UTC), the crypto community on X (formerly Twitter) was hit with a shocking cybersecurity breach. Mbappé's account, with 14.4 million followers, was compromised and used to promote a new memecoin called MBAPPE on the Solana platform. In no time, the MBAPPE token skyrocketed to a market cap of $460 million. However, this success was short-lived, as the hacker quickly drained all liquidity from the token’s swap pool, pocketing $90,000 and causing the coin’s value to crash below $500,000. 😵‍💫📉 But the hacker didn’t stop there! They went on to create multiple other memecoins, all named $MBAPPE, and promoted them on the compromised X account. Additionally, they posted controversial messages, mocking Messi and comparing the two Manchester clubs. 😬⚔️ The fallout from this incident has been severe. Many investors faced heavy losses, with one notable case where a $1 million investment dwindled to just $9,000 after buying the MBAPPE memecoin. On the flip side, some lucky investors managed to make up to $215,000 in just 8 seconds of trading. 🤑💨 This isn’t an isolated incident. Recently, there’s been a surge in hacking celebrities' social media accounts to promote memecoins. Another example is the hacking of McDonald’s Instagram account. 🍔🔒 Moreover, there are also cases where football players themselves have actively promoted memecoins, like Messi and Ronaldinho with the WATER token on Solana. However, these instances don’t involve hacked accounts. 💧⚽️ #BinanceBlockchainWeek #NewsAboutCrypto #Scams

MBAPPÉ's Twitter HACKED & Trader Loses $1 MILLION on Memecoin!

Football superstar Kylian #Mbappe, who plays for Real Madrid and the French national team, had his X account hacked, and it instantly started shilling memecoins, raking in hundreds of thousands of dollars. 🪙💥
On the morning of August 29th (UTC), the crypto community on X (formerly Twitter) was hit with a shocking cybersecurity breach. Mbappé's account, with 14.4 million followers, was compromised and used to promote a new memecoin called MBAPPE on the Solana platform.
In no time, the MBAPPE token skyrocketed to a market cap of $460 million. However, this success was short-lived, as the hacker quickly drained all liquidity from the token’s swap pool, pocketing $90,000 and causing the coin’s value to crash below $500,000. 😵‍💫📉

But the hacker didn’t stop there! They went on to create multiple other memecoins, all named $MBAPPE, and promoted them on the compromised X account. Additionally, they posted controversial messages, mocking Messi and comparing the two Manchester clubs. 😬⚔️
The fallout from this incident has been severe. Many investors faced heavy losses, with one notable case where a $1 million investment dwindled to just $9,000 after buying the MBAPPE memecoin. On the flip side, some lucky investors managed to make up to $215,000 in just 8 seconds of trading. 🤑💨
This isn’t an isolated incident. Recently, there’s been a surge in hacking celebrities' social media accounts to promote memecoins. Another example is the hacking of McDonald’s Instagram account. 🍔🔒
Moreover, there are also cases where football players themselves have actively promoted memecoins, like Messi and Ronaldinho with the WATER token on Solana. However, these instances don’t involve hacked accounts. 💧⚽️

#BinanceBlockchainWeek #NewsAboutCrypto #Scams
⚠️SCAM ALERT⚠️ ..........🚨MUST READ🚨............ 📈 Surge in DApp #Scams : 40,000 Using #InfernoDrainer Tool by July 2024 The number of #Decentralizedapplications (DApps) utilizing the Inferno Drainer tool has tripled in 2024, with figures reaching 40,000 by July. ☢️ This alarming rise highlights the increasing prevalence of crypto scams, according to Web3 security firm #Blockaid The firm attributes the surge to the #BullishMarket , which has created a fertile environment for scammers seeking to exploit new opportunities.
⚠️SCAM ALERT⚠️

..........🚨MUST READ🚨............

📈 Surge in DApp #Scams : 40,000 Using #InfernoDrainer Tool by July 2024

The number of #Decentralizedapplications (DApps) utilizing the Inferno Drainer tool has tripled in 2024, with figures reaching 40,000 by July.

☢️ This alarming rise highlights the increasing prevalence of crypto scams, according to Web3 security firm #Blockaid

The firm attributes the surge to the #BullishMarket , which has created a fertile environment for scammers seeking to exploit new opportunities.
Please be very careful when you contact the people leaving comments about trading mentors & high ROI on posts on #BinanceFeed & on other crypto related content on the net. Many of them do not have your best interests at all! Better still DON'T contact them 🚫 #Scams
Please be very careful when you contact the people leaving comments about trading mentors & high ROI on posts on #BinanceFeed & on other crypto related content on the net.

Many of them do not have your best interests at all!

Better still DON'T contact them 🚫 #Scams


Senior citizens in Hong Kong lose over $1.3M to cryptocurrency and investment scams, as fraudsters prey on vulnerable individuals with promises of high returns. #Scams #crypto2023 https://blockchainreporter.net/senior-citizens-fall-victim-to-cryptocurrency-scams-in-hong-kong/
Senior citizens in Hong Kong lose over $1.3M to cryptocurrency and investment scams, as fraudsters prey on vulnerable individuals with promises of high returns.

#Scams #crypto2023

https://blockchainreporter.net/senior-citizens-fall-victim-to-cryptocurrency-scams-in-hong-kong/
Safeguarding Your Crypto Assets: Differentiating Hack, Scam, Attack, and Exploit in the Crypto SpaceThe world of cryptocurrencies offers immense opportunities for financial growth and innovation. However, it also presents risks that crypto enthusiasts must be aware of and actively protect themselves against. Understanding the distinctions between hacks, scams, attacks, and exploits is crucial for safeguarding your crypto assets and personal information. Hacks Hacks refer to unauthorized access or breach of #security in crypto exchanges, wallets, or other platforms, resulting in the theft of funds or sensitive user information. Hackers exploit vulnerabilities in systems, such as weak passwords, phishing attacks, or exploiting bugs in smart contracts, to gain unauthorized access. To protect yourself against hacks: Use strong, unique passwords and enable two-factor authentication (2FA) wherever possible. Regularly update and secure your devices and software. Be cautious of phishing attempts and only interact with trusted sources. Store the majority of your funds in offline wallets (cold storage) rather than online wallets (hot storage) connected to the internet. Scams #Scams involve fraudulent activities that deceive individuals into parting with their crypto assets or personal information. Scammers may create fake websites, ICOs (Initial Coin Offerings), or investment schemes that promise high returns or exclusive opportunities. They often employ social engineering tactics to manipulate victims into transferring funds or sharing sensitive information. To avoid falling victim to scams: Conduct thorough research before investing in any project or participating in an ICO. Be skeptical of offers that seem too good to be true and exercise caution when sharing personal information. #Verify the authenticity of websites, projects, and individuals through trusted sources. Educate yourself about common scam techniques to recognize warning signs. Attacks In the crypto space, attacks typically refer to network-based assaults targeting blockchain protocols or consensus mechanisms. Examples include 51% attacks, where a malicious entity gains majority control over a blockchain's mining power, or Distributed Denial of Service (DDoS) attacks that overload network resources. While individuals are not directly responsible for preventing attacks on blockchains, they can mitigate risks by: Diversifying their crypto holdings across different blockchain networks. Staying informed about potential vulnerabilities or weaknesses in specific blockchains. Following best security practices to protect their personal wallets and accounts. Exploits Exploits are instances where individuals or hackers identify vulnerabilities in smart contracts, decentralized applications (dApps), or other crypto platforms to exploit them for their advantage. These vulnerabilities could lead to unintended consequences, such as funds being drained or unauthorized access to user data. To minimize exposure to exploits: Only interact with audited and reputable smart contracts and dApps. Stay updated with security announcements and patches from project developers. Be cautious when approving transactions or providing permissions to smart contracts. Participate in bug bounty programs and responsible disclosure initiatives to contribute to a safer crypto ecosystem. Conclusion As the crypto space continues to evolve, it is crucial to be aware of the risks associated with hacks, scams, attacks, and exploits. By understanding the differences between these terms and implementing best security practices, you can better protect your crypto assets and personal information. Stay vigilant, exercise caution, and prioritize security to navigate the crypto landscape safely and confidently.

Safeguarding Your Crypto Assets: Differentiating Hack, Scam, Attack, and Exploit in the Crypto Space

The world of cryptocurrencies offers immense opportunities for financial growth and innovation. However, it also presents risks that crypto enthusiasts must be aware of and actively protect themselves against. Understanding the distinctions between hacks, scams, attacks, and exploits is crucial for safeguarding your crypto assets and personal information.

Hacks

Hacks refer to unauthorized access or breach of #security in crypto exchanges, wallets, or other platforms, resulting in the theft of funds or sensitive user information. Hackers exploit vulnerabilities in systems, such as weak passwords, phishing attacks, or exploiting bugs in smart contracts, to gain unauthorized access.

To protect yourself against hacks:

Use strong, unique passwords and enable two-factor authentication (2FA) wherever possible.

Regularly update and secure your devices and software.

Be cautious of phishing attempts and only interact with trusted sources.

Store the majority of your funds in offline wallets (cold storage) rather than online wallets (hot storage) connected to the internet.

Scams

#Scams involve fraudulent activities that deceive individuals into parting with their crypto assets or personal information. Scammers may create fake websites, ICOs (Initial Coin Offerings), or investment schemes that promise high returns or exclusive opportunities. They often employ social engineering tactics to manipulate victims into transferring funds or sharing sensitive information.

To avoid falling victim to scams:

Conduct thorough research before investing in any project or participating in an ICO.

Be skeptical of offers that seem too good to be true and exercise caution when sharing personal information.

#Verify the authenticity of websites, projects, and individuals through trusted sources.

Educate yourself about common scam techniques to recognize warning signs.

Attacks

In the crypto space, attacks typically refer to network-based assaults targeting blockchain protocols or consensus mechanisms. Examples include 51% attacks, where a malicious entity gains majority control over a blockchain's mining power, or Distributed Denial of Service (DDoS) attacks that overload network resources.

While individuals are not directly responsible for preventing attacks on blockchains, they can mitigate risks by:

Diversifying their crypto holdings across different blockchain networks.

Staying informed about potential vulnerabilities or weaknesses in specific blockchains.

Following best security practices to protect their personal wallets and accounts.

Exploits

Exploits are instances where individuals or hackers identify vulnerabilities in smart contracts, decentralized applications (dApps), or other crypto platforms to exploit them for their advantage. These vulnerabilities could lead to unintended consequences, such as funds being drained or unauthorized access to user data.

To minimize exposure to exploits:

Only interact with audited and reputable smart contracts and dApps.

Stay updated with security announcements and patches from project developers.

Be cautious when approving transactions or providing permissions to smart contracts.

Participate in bug bounty programs and responsible disclosure initiatives to contribute to a safer crypto ecosystem.

Conclusion

As the crypto space continues to evolve, it is crucial to be aware of the risks associated with hacks, scams, attacks, and exploits. By understanding the differences between these terms and implementing best security practices, you can better protect your crypto assets and personal information. Stay vigilant, exercise caution, and prioritize security to navigate the crypto landscape safely and confidently.
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🚨🚨7.8 Billion $ Lost In crypto scams in 2022 🚨 According To a report by blockchain Intelligence Firm TRM Labs 7.8 Billion were lost in ponzi and pyramid schemes in crypto in 2022 alone. Also 1.5 Billion usd were sent t darknet For illict activities and 3.7$ billion were Gone in hacks or other things. In total 9.04 billion was Wasted in all Fraud schemes in 2022 accroding to TRM labs . This amount is significant because 2022 was market by svere bear run and These things happening In this year Make it more shocking how do you suggest scams in crypto can be stopped ? #Scams #news
🚨🚨7.8 Billion $ Lost In crypto scams in 2022 🚨

According To a report by blockchain Intelligence Firm TRM Labs 7.8 Billion were lost in ponzi and pyramid schemes in crypto in 2022 alone. Also 1.5 Billion usd were sent t darknet For illict activities and 3.7$ billion were Gone in hacks or other things.

In total 9.04 billion was Wasted in all Fraud schemes in 2022 accroding to TRM labs . This amount is significant because 2022 was market by svere bear run and These things happening In this year Make it more shocking

how do you suggest scams in crypto can be stopped ?

#Scams #news
Nowadays, a new scam is rising in the Crypto market.   ➜ Basically, the hardcore believers of any token will represent some data to make you believe that their favourite token, 'XYZ', is getting listed on big exchanges like Binance.   ➜ They will show you the Binance hot wallet, where you will see the 'XYZ' token, and after that, you will ape into that token, thinking that the token will get listed on Binance.   ➜ But keep in mind that a lot of people mistakenly send their tokens to some exchanges.   ➜ Also, sometimes the team itself or any big token holder sends their tokens to Binance hot wallets to make them believe that their token listing is about to happen.   ➜ In most cases, this will turn out to be false, and you will be left holding the bag.   So, always verify things before making any investment decision. #Scams #Write2Earn #Binance
Nowadays, a new scam is rising in the Crypto market.
 
➜ Basically, the hardcore believers of any token will represent some data to make you believe that their favourite token, 'XYZ', is getting listed on big exchanges like Binance.
 
➜ They will show you the Binance hot wallet, where you will see the 'XYZ' token, and after that, you will ape into that token, thinking that the token will get listed on Binance.
 
➜ But keep in mind that a lot of people mistakenly send their tokens to some exchanges.
 
➜ Also, sometimes the team itself or any big token holder sends their tokens to Binance hot wallets to make them believe that their token listing is about to happen.
 
➜ In most cases, this will turn out to be false, and you will be left holding the bag.
 
So, always verify things before making any investment decision.

#Scams #Write2Earn #Binance
WSBcoin Scandal: ZJZ.eth Dumps $635k of Team Supply, Raises Ethics Concerns in Crypto MarketA recent incident involving ZJZ.eth from @wsbcoinofficial has raised concerns about the transparency and security of the cryptocurrency market. The individual reportedly dumped a large portion of the WSB team supply for $635k (334 ETH), leading to suspicions of a "rug pull" scam. In November 2022, ZJZ.eth allegedly messaged an individual, stating "I guess we should have been greedy amoral bastards instead 😔". This message only added to the growing suspicion of unethical behavior in the cryptocurrency space. To add to the confusion, there is a lack of clarity about the other multisig signer for the 6.86B WSB transaction. @wsbmod has claimed that it belongs to the mod OIP, indicating that ZJZ created the transaction and OIP executed it. As investors become increasingly wary of cryptocurrency scams, it is important for individuals and organizations to prioritize transparency and ethical behavior. The lack of regulation in the crypto market can lead to instances of fraud and manipulation, causing damage to the market as a whole. As the crypto market continues to evolve, it is essential that industry participants work to build a reputation of trust and integrity. By holding themselves to high ethical standards, they can help to establish a market that is fair, transparent, and secure for all investors. Hey, it's CryptoPatel here! I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies. If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates. Thank you for your support, and let's continue to stay connected for more exciting content! LIKE ❤️ Share ⏩ Follow 🤝 #wsb #Scams #eth2.0 #sui #CryptoPatel

WSBcoin Scandal: ZJZ.eth Dumps $635k of Team Supply, Raises Ethics Concerns in Crypto Market

A recent incident involving ZJZ.eth from @wsbcoinofficial has raised concerns about the transparency and security of the cryptocurrency market. The individual reportedly dumped a large portion of the WSB team supply for $635k (334 ETH), leading to suspicions of a "rug pull" scam.

In November 2022, ZJZ.eth allegedly messaged an individual, stating "I guess we should have been greedy amoral bastards instead 😔". This message only added to the growing suspicion of unethical behavior in the cryptocurrency space.

To add to the confusion, there is a lack of clarity about the other multisig signer for the 6.86B WSB transaction. @wsbmod has claimed that it belongs to the mod OIP, indicating that ZJZ created the transaction and OIP executed it.

As investors become increasingly wary of cryptocurrency scams, it is important for individuals and organizations to prioritize transparency and ethical behavior. The lack of regulation in the crypto market can lead to instances of fraud and manipulation, causing damage to the market as a whole.

As the crypto market continues to evolve, it is essential that industry participants work to build a reputation of trust and integrity. By holding themselves to high ethical standards, they can help to establish a market that is fair, transparent, and secure for all investors.

Hey, it's CryptoPatel here!

I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.

If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.

Thank you for your support, and let's continue to stay connected for more exciting content!

LIKE ❤️

Share ⏩

Follow 🤝

#wsb #Scams #eth2.0 #sui #CryptoPatel
Navigating the world of cryptocurrencies requires vigilance, as the digital landscape is not only filled with opportunities but also with pitfalls. One such pitfall is the presence of counterfeit applications, such as a fake #Ledger Live app that might appear on platforms like the #Microsoft Store. 🐍💻 Wisdom in this domain comes down to a blend of caution and education. When dealing with crypto assets, the importance of verifying the legitimacy of every tool and service you use cannot be overstressed. Here's a sage piece of advice: "Trust, but verify." Even the most trustworthy-looking applications need to be double-checked, especially when they are stewards of your digital wealth. 🔍✅ The existence of a fake app is a reminder to always do your due diligence. Before downloading any application related to cryptocurrency management, such as wallets or trading platforms, ensure that you're visiting the official website of the service provider to get the correct link. Look for signs of authenticity like developer information, reviews, and website links. A genuine service provider will always have a means to verify their software and will often warn users about potential scams through their official communication channels. 🌐🛡️ Furthermore, make it a practice to keep an eye on the #community feedback. The crypto community is often the first line of defense against #Scams with users quickly raising flags about suspicious activity. 🚩👥 Remember, in the world of digital assets, your first line of defense is your own informed caution. When in doubt, reach out directly to the service provider for confirmation. As the saying goes, "Better safe than sorry." In the digital age, this couldn't be more accurate—especially when the safety of your investments is at stake. 💬🔐 So, take this incident not just as a warning, but as a valuable lesson: In the digital wild west of crypto, always saddle up with skepticism and ride with the reins of research in hand. 🤠📖 #BTC
Navigating the world of cryptocurrencies requires vigilance, as the digital landscape is not only filled with opportunities but also with pitfalls. One such pitfall is the presence of counterfeit applications, such as a fake #Ledger Live app that might appear on platforms like the #Microsoft Store. 🐍💻
Wisdom in this domain comes down to a blend of caution and education. When dealing with crypto assets, the importance of verifying the legitimacy of every tool and service you use cannot be overstressed. Here's a sage piece of advice: "Trust, but verify." Even the most trustworthy-looking applications need to be double-checked, especially when they are stewards of your digital wealth. 🔍✅
The existence of a fake app is a reminder to always do your due diligence. Before downloading any application related to cryptocurrency management, such as wallets or trading platforms, ensure that you're visiting the official website of the service provider to get the correct link. Look for signs of authenticity like developer information, reviews, and website links. A genuine service provider will always have a means to verify their software and will often warn users about potential scams through their official communication channels. 🌐🛡️
Furthermore, make it a practice to keep an eye on the #community feedback. The crypto community is often the first line of defense against #Scams with users quickly raising flags about suspicious activity. 🚩👥
Remember, in the world of digital assets, your first line of defense is your own informed caution. When in doubt, reach out directly to the service provider for confirmation. As the saying goes, "Better safe than sorry." In the digital age, this couldn't be more accurate—especially when the safety of your investments is at stake. 💬🔐
So, take this incident not just as a warning, but as a valuable lesson: In the digital wild west of crypto, always saddle up with skepticism and ride with the reins of research in hand. 🤠📖
#BTC
Has Crypto Vanished? Fear Not, Warriors! Reclaim Your Coins! ️ Feeling the icy grip of fear after a crypto hack? Don't panic, fellow investor! While stolen coins can feel like a digital ghost town, recovery is possible. Here's the truth: No guarantees exist, but armed with knowledge, you can fight back! ⚔️ 🌓 First Steps: ▪︎Act FAST! Time is precious. Report the theft immediately to the exchange/wallet and authorities. ▪︎Secure the rest: Move remaining assets to a safe haven (a different wallet with robust security). ️‍♀️ Recovery Paths: ▪︎Exchange Support: Reputable platforms prioritize security and may offer recovery assistance. Contact them directly! ▪︎Blockchain Forensics: Specialized firms trace stolen funds and potentially freeze them. Consider their expertise, but be mindful of fees. ▪︎Law Enforcement: File a police report. While complex, their resources can be invaluable in major cases. ⚠️ Remember: ▪︎Prevention is key! Strong passwords, two-factor authentication, and vigilant awareness are your best defense. ▪︎Beware scams! Fake "recovery" services prey on desperation. Do your research and choose reputable firms. ▪︎Stay informed: The crypto landscape evolves rapidly. Keep up-to-date on security best practices and emerging threats. You are not alone! The crypto community stands with you. Share your story (anonymously, if needed) to raise awareness and connect with others facing similar challenges. Remember, even in the darkest depths of the digital world, hope remains. Fight for your coins, and never give up! P.S. Share this post to empower others and spread the knowledge! #CryptoSecurity #stolencrypto #CryptoSafety #Write2Earn #Scams
Has Crypto Vanished? Fear Not, Warriors! Reclaim Your Coins! ️

Feeling the icy grip of fear after a crypto hack? Don't panic, fellow investor! While stolen coins can feel like a digital ghost town, recovery is possible.

Here's the truth: No guarantees exist, but armed with knowledge, you can fight back! ⚔️

🌓 First Steps:

▪︎Act FAST! Time is precious. Report the theft immediately to the exchange/wallet and authorities.

▪︎Secure the rest: Move remaining assets to a safe haven (a different wallet with robust security).

️‍♀️ Recovery Paths:

▪︎Exchange Support: Reputable platforms prioritize security and may offer recovery assistance. Contact them directly!

▪︎Blockchain Forensics: Specialized firms trace stolen funds and potentially freeze them. Consider their expertise, but be mindful of fees.

▪︎Law Enforcement: File a police report. While complex, their resources can be invaluable in major cases.

⚠️ Remember:

▪︎Prevention is key! Strong passwords, two-factor authentication, and vigilant awareness are your best defense.

▪︎Beware scams! Fake "recovery" services prey on desperation. Do your research and choose reputable firms.

▪︎Stay informed: The crypto landscape evolves rapidly. Keep up-to-date on security best practices and emerging threats.

You are not alone! The crypto community stands with you. Share your story (anonymously, if needed) to raise awareness and connect with others facing similar challenges.

Remember, even in the darkest depths of the digital world, hope remains. Fight for your coins, and never give up!

P.S. Share this post to empower others and spread the knowledge!
#CryptoSecurity #stolencrypto #CryptoSafety #Write2Earn #Scams
Crypto at the Center of $300M Fraud Case in China. 21 people were sentenced in a case involving converting 'dirty' $USDC to RMB. A court in Tongliang, #China – located near Chongqing – has sentenced 21 people for their role in transferring the proceeds of online fraud and illegal casinos denominated in Tether (USDT) to Chinese Yuan (RMB), totaling 2.25 billion RMB ($307 million). According to a bulletin from the court, two defendants, with the surnames Jiang and Zheng, worked to recruit 19 other money mules. The group, according to court documents, used a decentralized wallet called Bitpie (similar to Metamask) to move the USDT to local P2P exchanges on virtual currency platforms to convert it to Reminbi. They then withdrew the fiat currency in different cities around the country using false pretenses like project payments and workers’ wages when asked for a reason for the transfer. Court documents say that Jiang profited 22.62 million RMB ($3 million) for his efforts. The court found the group guilty of disguising and concealing criminal proceeds, sentencing them to various prison terms and imposing fines, with Jiang getting six years, three months, and a 500,000 RMB fine. In comparison, Zheng was also fined the exact amount and was sentenced to 6 years. Although the court document isn’t specific about where this USDT came from, it’s a popular digital asset used by fraud rings operating in Southeast Asia. In his new book, Number Go Up, Bloomberg journalist Zeke Faux documents how these gangs are effectively powered by Tether. #Write2Earn #Scams $BTC $ETH
Crypto at the Center of $300M Fraud Case in China.

21 people were sentenced in a case involving converting 'dirty' $USDC to RMB.

A court in Tongliang, #China – located near Chongqing – has sentenced 21 people for their role in transferring the proceeds of online fraud and illegal casinos denominated in Tether (USDT) to Chinese Yuan (RMB), totaling 2.25 billion RMB ($307 million).
According to a bulletin from the court, two defendants, with the surnames Jiang and Zheng, worked to recruit 19 other money mules. The group, according to court documents, used a decentralized wallet called Bitpie (similar to Metamask) to move the USDT to local P2P exchanges on virtual currency platforms to convert it to Reminbi.
They then withdrew the fiat currency in different cities around the country using false pretenses like project payments and workers’ wages when asked for a reason for the transfer. Court documents say that Jiang profited 22.62 million RMB ($3 million) for his efforts.
The court found the group guilty of disguising and concealing criminal proceeds, sentencing them to various prison terms and imposing fines, with Jiang getting six years, three months, and a 500,000 RMB fine. In comparison, Zheng was also fined the exact amount and was sentenced to 6 years.
Although the court document isn’t specific about where this USDT came from, it’s a popular digital asset used by fraud rings operating in Southeast Asia. In his new book, Number Go Up, Bloomberg journalist Zeke Faux documents how these gangs are effectively powered by Tether.
#Write2Earn #Scams $BTC $ETH
Please invest carefully. $NOT all investments yield. Some are #Scams kindly pay attention to more such alerts before investing. $BNB #Write2Earn!
Please invest carefully. $NOT all investments yield. Some are #Scams kindly pay attention to more such alerts before investing. $BNB #Write2Earn!
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Scam warning about the 'mbkcenter.vip' scam in the Middle East
'mbkcenter.vip' is a typical Ponzi scheme project. Your profit depends on the amount of your deposit and the number of people you invite. Currently, we have received a small number of users' reports. Please keep investing rationally in the Middle East.
If you encounter such scam, please report it to us promptly. At the same time, please forward this information to your relatives and friends. Thank you for your cooperation.
In recent weeks, a group of scammers have hijacked more than eight Twitter accounts belonging to prominent figures in the crypto space. The group has stolen almost $1 million worth of cryptocurrency so far. Accounts that have been hacked include those of: 💠Cole Villemain, founder of the Chubby Penguins 💠DJ and NFT collector Steve Aoki 💠Bitcoin Magazine Editor Pete Rizzo 💠Crypto influencer and entrepreneur Gary Vaynerchuk 💠Golden Beetle Peter Schiff Fraudsters were able to take control of these accounts using a variety of methods, including SIM card swapping and phishing attacks. Once in control of the accounts, they used them to promote phishing scams. These scams involved sending tweets that appeared to be from the legitimate account holders, but actually contained links to fake websites. #Scams
In recent weeks, a group of scammers have hijacked more than eight Twitter accounts belonging to prominent figures in the crypto space. The group has stolen almost $1 million worth of cryptocurrency so far.

Accounts that have been hacked include those of:

💠Cole Villemain, founder of the Chubby Penguins

💠DJ and NFT collector Steve Aoki

💠Bitcoin Magazine Editor Pete Rizzo

💠Crypto influencer and entrepreneur Gary Vaynerchuk

💠Golden Beetle Peter Schiff

Fraudsters were able to take control of these accounts using a variety of methods, including SIM card swapping and phishing attacks. Once in control of the accounts, they used them to promote phishing scams. These scams involved sending tweets that appeared to be from the legitimate account holders, but actually contained links to fake websites.

#Scams
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Best rule to make money in market 🔥 Be Greedy when others are careful 💥 Be careful when others are greedy 🌪️ I’m saving $ETH in my portfolio. I’m expecting 10X returns before 2026. And also our legendary meme coin $DOGE Tip Of The Day⭐️ Before investing in any cryptocurrency, carefully research the project, its team, technology, and its potential use cases. Don’t take too many loans by expecting you will get 10x returns by 2024, It won’t give 7-10X returns until we wait until 2025. Remember this that we can’t expect the returns until we wait before 2026 January. It may be anytime before that. Until then try to buy best projects which not only gives returns and security. Expecting meme coins only will change your life and makes you rich 🤑 Then it’s a scam. So try to balance on your portfolio into 3 sectors. Quick headlines : 1.MICHAEL SAYLOR PLANS TO SELL $216 MILLION IN ICROSTRATEGY STOCK FOR BITCOIN INVESTMENT. 2. CBOE DIGITAL PRESIDENT FORESEES SPOT BITCOIN ETF APPROVAL COULD REVOLUTIONIZE INSTITUTIONAL AND RETAIL MARKET #Write2Earn #TrendingTopic #Scams #BullRun2024. #gains
Best rule to make money in market 🔥

Be Greedy when others are careful 💥
Be careful when others are greedy 🌪️

I’m saving $ETH in my portfolio. I’m expecting 10X returns before 2026.
And also our legendary meme coin $DOGE

Tip Of The Day⭐️
Before investing in any cryptocurrency, carefully research the project, its team, technology, and its potential use cases.

Don’t take too many loans by expecting you will get 10x returns by 2024, It won’t give 7-10X returns until we wait until 2025.

Remember this that we can’t expect the returns until we wait before 2026 January. It may be anytime before that. Until then try to buy best projects which not only gives returns and security.

Expecting meme coins only will change your life and makes you rich 🤑 Then it’s a scam.

So try to balance on your portfolio into 3 sectors.

Quick headlines :

1.MICHAEL SAYLOR PLANS TO SELL $216 MILLION IN ICROSTRATEGY STOCK FOR BITCOIN INVESTMENT.

2. CBOE DIGITAL PRESIDENT FORESEES SPOT BITCOIN ETF APPROVAL COULD REVOLUTIONIZE INSTITUTIONAL AND RETAIL MARKET

#Write2Earn #TrendingTopic #Scams #BullRun2024. #gains
Breaking News: Cryptocurrency Scammer Arrested in South Korea🚨 Breaking News: Cryptocurrency Scammer Arrested in South Korea 🚔💔 South Korean police have apprehended a 38-year-old man suspected of operating a cryptocurrency scam that specifically targeted housewives and office workers. The unidentified man is accused of deceiving his victims, resulting in losses of approximately $218,000, by enticing them with promises of high profits through investments in his cryptocurrency project. Operating between September 2019 and August 2022, the suspect allegedly posed as a successful crypto trader or a well-qualified civil servant in investment and crypto-themed group chats on the KakaoTalk chat app platform. His primary targets were individuals seeking opportunities to boost their income. According to reports, the scammer would convince victims that he would invest their funds in tokens set to be listed on major exchanges. However, instead of fulfilling his promises, he misused the money for online gambling at crypto-powered casinos. This arrest occurs amidst a surge in cryptocurrency scams across South Korea. In response, authorities established a dedicated unit in March, solely focused on combating crypto-related scams. This unit is responsible for investigating and prosecuting those involved in fraudulent activities within the cryptocurrency space. Law enforcement is also grappling with a sharp increase in drug dealing facilitated by cryptocurrencies. In 2022, the number of drug transactions involving cryptocurrencies skyrocketed by a staggering 250% compared to the previous year. Stay vigilant and protect your investments! 🕵️‍♀️🔒 Hey, it's CryptoPatel here! I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies. If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates. Thank you for your support, and let's continue to stay connected for more exciting content! LIKE ❤️ Share ⏩ Follow 🤝 #Binance #Scams #feedfeverchallenge #crypto #pepe

Breaking News: Cryptocurrency Scammer Arrested in South Korea

🚨 Breaking News: Cryptocurrency Scammer Arrested in South Korea 🚔💔

South Korean police have apprehended a 38-year-old man suspected of operating a cryptocurrency scam that specifically targeted housewives and office workers.

The unidentified man is accused of deceiving his victims, resulting in losses of approximately $218,000, by enticing them with promises of high profits through investments in his cryptocurrency project.

Operating between September 2019 and August 2022, the suspect allegedly posed as a successful crypto trader or a well-qualified civil servant in investment and crypto-themed group chats on the KakaoTalk chat app platform. His primary targets were individuals seeking opportunities to boost their income.

According to reports, the scammer would convince victims that he would invest their funds in tokens set to be listed on major exchanges. However, instead of fulfilling his promises, he misused the money for online gambling at crypto-powered casinos.

This arrest occurs amidst a surge in cryptocurrency scams across South Korea. In response, authorities established a dedicated unit in March, solely focused on combating crypto-related scams. This unit is responsible for investigating and prosecuting those involved in fraudulent activities within the cryptocurrency space.

Law enforcement is also grappling with a sharp increase in drug dealing facilitated by cryptocurrencies. In 2022, the number of drug transactions involving cryptocurrencies skyrocketed by a staggering 250% compared to the previous year.

Stay vigilant and protect your investments! 🕵️‍♀️🔒

Hey, it's CryptoPatel here!

I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.

If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.

Thank you for your support, and let's continue to stay connected for more exciting content!

LIKE ❤️

Share ⏩

Follow 🤝

#Binance #Scams #feedfeverchallenge #crypto #pepe
AVOID LOSING YOUR MONEY: Learn about Copy and Paste Crypto Scam (Over $20 Million lost) Losses in crypto are irrevocable, and as such, you need to be careful in this space. I bet many of you don't know about cryptoshuffler. In 2017, Russian-based cybersecurity firm Kaspersky Labs warned crypto users about a new trojan called Cryptoshuffler that steals your coins by replacing your copied wallet address in your clipboard. This happens in such an unsuspecting manner; fast forward to 2023, and this same Trojan is becoming rampant once again. To avoid losing your coins to Scammers, please follow these safety simple measures: 1. After copying and pasting, ensure you cross-check the two wallet addresses carefully. 2. Stop clicking unknown links. 3. Have a separate phone or PC for crypto related. #Scams
AVOID LOSING YOUR MONEY: Learn about Copy and Paste Crypto Scam (Over $20 Million lost)

Losses in crypto are irrevocable, and as such, you need to be careful in this space. I bet many of you don't know about cryptoshuffler.

In 2017, Russian-based cybersecurity firm Kaspersky Labs warned crypto users about a new trojan called Cryptoshuffler that steals your coins by replacing your copied wallet address in your clipboard.

This happens in such an unsuspecting manner; fast forward to 2023, and this same Trojan is becoming rampant once again.

To avoid losing your coins to Scammers, please follow these safety simple measures:

1. After copying and pasting, ensure you cross-check the two wallet addresses carefully.

2. Stop clicking unknown links.

3. Have a separate phone or PC for crypto related.

#Scams
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