SCAMS
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$ENA I read a comment earlier today where someone was comparing ENA with Wormhole $W ... It is funny because I was thinking exactly the same thing.. It is the way Centralized Exchanges are manipulating nowadays ... So much similarity ! #Write2Earn #crypto #scams
Urgent Scam alert 🚨
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#Vello Scam
Guys Before buying any new project,
Check one must thing
Does selling is allowed in contract or on exchange?
Doest they have enough liquidity?
I am hearing rumors about this project #Vello which looks like a scam.
Since people are unable to sell it back.
Stay safe.
Share with everyone #scams
#crypto2023 #dyor
Share
#Vello Scam
Guys Before buying any new project,
Check one must thing
Does selling is allowed in contract or on exchange?
Doest they have enough liquidity?
I am hearing rumors about this project #Vello which looks like a scam.
Since people are unable to sell it back.
Stay safe.
Share with everyone #scams
#crypto2023 #dyor
Ripple CEO Claims No Wallets Compromised in Recent Cyberattack💁
Earlier today, Ripple experienced a significant cyberattack resulting in the loss of 112.5 million dollars' worth of XRP coins. Following the incident, the news caused a 4% decrease in the price of XRP tokens.
ZachXBT stated that the initial attack was linked to an address labeled "rJNLz3…ojm". Following the Ripple attack, the perpetrators initiated a sophisticated laundering process, transferring the stolen XRP to various exchanges, including MEXC and Binance, the world's largest exchange by volume. These distribution methods are designed to conceal the cryptocurrency's origin, making tracking and recovery more challenging.
Cautionary Notice Released😳
It is clear that hackers are continually developing new tactics for their illicit operations. Recently, a deepfake video depicting Ripple's CEO sent shockwaves throughout the cryptocurrency market.
Hackers utilized a fabricated video, which did not feature Garlinghouse but was created to deceive viewers, in order to trick people into sending funds to their addresses under the false pretense that their XRP holdings would be doubled.
Deceptive schemes are advancing regularly, and it would be prudent for investors and traders to exercise vigilance in light of these developments.$BTC $XRP $SOL #xrp #BTC #hackers #scams #TradeNTell
Earlier today, Ripple experienced a significant cyberattack resulting in the loss of 112.5 million dollars' worth of XRP coins. Following the incident, the news caused a 4% decrease in the price of XRP tokens.
ZachXBT stated that the initial attack was linked to an address labeled "rJNLz3…ojm". Following the Ripple attack, the perpetrators initiated a sophisticated laundering process, transferring the stolen XRP to various exchanges, including MEXC and Binance, the world's largest exchange by volume. These distribution methods are designed to conceal the cryptocurrency's origin, making tracking and recovery more challenging.
Cautionary Notice Released😳
It is clear that hackers are continually developing new tactics for their illicit operations. Recently, a deepfake video depicting Ripple's CEO sent shockwaves throughout the cryptocurrency market.
Hackers utilized a fabricated video, which did not feature Garlinghouse but was created to deceive viewers, in order to trick people into sending funds to their addresses under the false pretense that their XRP holdings would be doubled.
Deceptive schemes are advancing regularly, and it would be prudent for investors and traders to exercise vigilance in light of these developments.$BTC $XRP $SOL #xrp #BTC #hackers #scams #TradeNTell
One of my friend recently saw a post on binance for futures calls @CryptoManiacsQueen , joined his/her telegram channel( https://t.me/CryptomaniacsQueen1 ) . She started an investment package minimum of $100 investment , so if you invest $300 you will receive $6000 in 78hrs(I warned him before entering this scam) he paid her $300 usdt via trc20 .
He received a mail in the next 48hrs , with a username and password for this scam website Alphaibroker.com
he entered and saw $300 in it , next 72hrs as promised he received $6050 in his account , he tried withdrawing it that's when the real scam started , chat pops up and asks for $700 withdrawal fees and asks for a bsc wallet address of coinbase wallet , so he created one and sent them the address and the $700 via same trc20 usdt .
He received 6050usdt(on bsc chain which clearly proves it's a fake token) he cannot send it or swap to some other token . He was again told to pay $1050 as a conversion fee only then he understood that he was scammed all along .
Invest in a project you trust , pls stay away from all the investment schemes and scammers like @CryptoManiacsQueen
#BTC🔥🔥 #scams #scammer #BTC #CryptoScamAlert
He received a mail in the next 48hrs , with a username and password for this scam website Alphaibroker.com
he entered and saw $300 in it , next 72hrs as promised he received $6050 in his account , he tried withdrawing it that's when the real scam started , chat pops up and asks for $700 withdrawal fees and asks for a bsc wallet address of coinbase wallet , so he created one and sent them the address and the $700 via same trc20 usdt .
He received 6050usdt(on bsc chain which clearly proves it's a fake token) he cannot send it or swap to some other token . He was again told to pay $1050 as a conversion fee only then he understood that he was scammed all along .
Invest in a project you trust , pls stay away from all the investment schemes and scammers like @CryptoManiacsQueen
#BTC🔥🔥 #scams #scammer #BTC #CryptoScamAlert
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Protect your Cryptographic Assets, I teach you to prevent them from being stolen when receiving an email
I think #Binance 's initiative to educate and alert the community about deceptive activities with its "Scam Risk Warning" campaign is excellent; and at the same time reward with $FDUSD totally free only for leaving testimonials to be a cautious operator
In my case I will tell you several experiences throughout this campaign, and currently I bring you the most common one that happens to me as a Content Creator (YouTuber).
When I started this path of recording videos, promoting projects, etc. Upload educational things, I began to receive countless emails with job offers and collaboration, sadly one time it happened that I opened an email and it brought an attached file, the pay was attractive... So I opened the email and downloaded a file that was to install a game .
In my case I will tell you several experiences throughout this campaign, and currently I bring you the most common one that happens to me as a Content Creator (YouTuber).
When I started this path of recording videos, promoting projects, etc. Upload educational things, I began to receive countless emails with job offers and collaboration, sadly one time it happened that I opened an email and it brought an attached file, the pay was attractive... So I opened the email and downloaded a file that was to install a game .
🔐 Shop with confidence at Doer Market, your escrow-powered platform for buying Web 3.0 services with #cryptocurrencies! 🚀
With our secure transactions, you can confidently invest in the services you need without the fear of #scams .
#DoerMarket #Web3 🛡️💰 #BNBecosystem
With our secure transactions, you can confidently invest in the services you need without the fear of #scams .
#DoerMarket #Web3 🛡️💰 #BNBecosystem
👉👉👉 Attorney Says They Are “Receiving 5-6 Emails a Day” From Victims of Pig Butchering #scams
Pig butchering scams, a rising form of criminal activity in the United States, involve online romance, fake crypto investments, and human trafficking, causing substantial financial losses for victims. According to Erin West, Deputy District Attorney in Santa Clara, California, the issue is escalating, with an average of 5-6 daily emails from victims, including one recent case where an individual lost $5 million.
The stolen funds are often sent overseas to transnational criminal organizations in Myanmar and Cambodia, utilizing trafficked individuals as virtual slaves to perpetrate the pig butchering scams. TRM Labs reports that the FBI’s Internet Crime Complaint Center (IC3) has received over 4,300 complaints related to pig butchering, resulting in cumulative losses exceeding $400 million.
Erin West, part of the Regional Enforcement Allied Computer Team (REACT) Task Force, has developed a prosecutorial blueprint to address pig butchering cases. In collaboration with Binance, the world’s largest cryptocurrency exchange, West obtained crucial information that aided in the recovery of funds for 26 victims. Describing pig butchering as a calculated long-term con, West emphasizes the need for a comprehensive government solution to combat this form of scam.
Despite losses of approximately $2 billion to crypto thefts in 2023, there was a slight decline in hacking incidents targeting the #cryptocurrency industry. A report from De.FI highlights ongoing vulnerabilities in the decentralized finance (#DEFI ) ecosystem, noting progress in addressing these challenges. The report underscores the need for vigilance and comprehensive measures to enhance security in the crypto space.
Source - Ruholamin Haqshanas @ruholamin-haqshanas
Website - Cryptonews
#CryptoNews🔒📰🚫 #BinanceSquare
Pig butchering scams, a rising form of criminal activity in the United States, involve online romance, fake crypto investments, and human trafficking, causing substantial financial losses for victims. According to Erin West, Deputy District Attorney in Santa Clara, California, the issue is escalating, with an average of 5-6 daily emails from victims, including one recent case where an individual lost $5 million.
The stolen funds are often sent overseas to transnational criminal organizations in Myanmar and Cambodia, utilizing trafficked individuals as virtual slaves to perpetrate the pig butchering scams. TRM Labs reports that the FBI’s Internet Crime Complaint Center (IC3) has received over 4,300 complaints related to pig butchering, resulting in cumulative losses exceeding $400 million.
Erin West, part of the Regional Enforcement Allied Computer Team (REACT) Task Force, has developed a prosecutorial blueprint to address pig butchering cases. In collaboration with Binance, the world’s largest cryptocurrency exchange, West obtained crucial information that aided in the recovery of funds for 26 victims. Describing pig butchering as a calculated long-term con, West emphasizes the need for a comprehensive government solution to combat this form of scam.
Despite losses of approximately $2 billion to crypto thefts in 2023, there was a slight decline in hacking incidents targeting the #cryptocurrency industry. A report from De.FI highlights ongoing vulnerabilities in the decentralized finance (#DEFI ) ecosystem, noting progress in addressing these challenges. The report underscores the need for vigilance and comprehensive measures to enhance security in the crypto space.
Source - Ruholamin Haqshanas @ruholamin-haqshanas
Website - Cryptonews
#CryptoNews🔒📰🚫 #BinanceSquare
Shields are a scheme of deception.
-In this article, I want to raise the topic of cheating with memcoins.
-The whole scheme is based on the fact that an ordinary crypto user will not delve into where all these coins originate from. It's enough for people to see a coin grow by thousands of percent in a matter of hours. And to dream about how one could get rich by buying literally for a negligible amount.
- You will never be able to buy this coin at the very beginning at the bottom. And now I'll explain why.
-To buy a newly created coin, you need to know its smart contract.Having a smart contract, you will be able to make a swap on the Dex exchange because this coin will never appear on centralized exchanges. The exceptions are the units.
-But as a rule, you only find out about her when she has already made thousands of percent. And when bloggers on Twitter and telegram channels start shouting that a new rocket has appeared, in fact, distribution is already underway and only the very first ones will catch a couple of X's. And then if they manage to sell it.
-How does it all happen?
- For example, a newly created wallet creates a coin worth a total of 100 billion. He then creates a pool with a small number of liquid coins and a full number of newly created coins. Burns the liquidity tokens, and his role ends.
-Then a couple dozen wallets start making swaps for small amounts so as not to disperse the coin rate in advance.These wallets will subsequently be whales that will be advertised with might and main as buyers who expect great growth.In fact, they will act as arbitrage bots that add coins to the pool and withdraw liquidity from it, equalizing the price.After the required number of coins is collected, the course begins to accelerate with several large purchases.
-Naturally, all this is done by one small group of people. Everyone has their own role. Someone creates a coin and writes scripts. And someone is engaged in luring the public. After all, it is necessary that as many people as possible learn about this new Rocket that will enrich them. But in fact, they will be left with useless coins in their wallets.
-And what do we have in the end?
-A coin that doesn't seem to have a master. Locked liquidity. The purchased whales are waiting for the crypto boom.
----WE NEED TO BUY!!!!-----
-But naturally, no one will delve into where the legs of this story grow from. And it always ends the same way. Thousands of buyers with a coin that can fall indefinitely. Until the Liquidity Pool is completely emptied.
-The article turned out to be long and a little messy, but I described the main points. And this is one of the many schemes that scammers use.
-In my next article, I will give an example on a real coin with real screenshots and wallets. I think it will be much clearer this way.
Good hunting!!!
#scams
-The whole scheme is based on the fact that an ordinary crypto user will not delve into where all these coins originate from. It's enough for people to see a coin grow by thousands of percent in a matter of hours. And to dream about how one could get rich by buying literally for a negligible amount.
- You will never be able to buy this coin at the very beginning at the bottom. And now I'll explain why.
-To buy a newly created coin, you need to know its smart contract.Having a smart contract, you will be able to make a swap on the Dex exchange because this coin will never appear on centralized exchanges. The exceptions are the units.
-But as a rule, you only find out about her when she has already made thousands of percent. And when bloggers on Twitter and telegram channels start shouting that a new rocket has appeared, in fact, distribution is already underway and only the very first ones will catch a couple of X's. And then if they manage to sell it.
-How does it all happen?
- For example, a newly created wallet creates a coin worth a total of 100 billion. He then creates a pool with a small number of liquid coins and a full number of newly created coins. Burns the liquidity tokens, and his role ends.
-Then a couple dozen wallets start making swaps for small amounts so as not to disperse the coin rate in advance.These wallets will subsequently be whales that will be advertised with might and main as buyers who expect great growth.In fact, they will act as arbitrage bots that add coins to the pool and withdraw liquidity from it, equalizing the price.After the required number of coins is collected, the course begins to accelerate with several large purchases.
-Naturally, all this is done by one small group of people. Everyone has their own role. Someone creates a coin and writes scripts. And someone is engaged in luring the public. After all, it is necessary that as many people as possible learn about this new Rocket that will enrich them. But in fact, they will be left with useless coins in their wallets.
-And what do we have in the end?
-A coin that doesn't seem to have a master. Locked liquidity. The purchased whales are waiting for the crypto boom.
----WE NEED TO BUY!!!!-----
-But naturally, no one will delve into where the legs of this story grow from. And it always ends the same way. Thousands of buyers with a coin that can fall indefinitely. Until the Liquidity Pool is completely emptied.
-The article turned out to be long and a little messy, but I described the main points. And this is one of the many schemes that scammers use.
-In my next article, I will give an example on a real coin with real screenshots and wallets. I think it will be much clearer this way.
Good hunting!!!
#scams
OTP mafia:
Everyday, around 20,000 Indians fall victim to cyber criminals, who also scam not only Indians but also scam more than 140 Americans daily.
The way they dupe is they prey on the fear of the victim.
India’s Top 3 Cyber Crime Hotspots are MEWAT, NUH and JAMTARA.
Around 7,00,000 Complaints related to financial frauds. FIR registered in only 2.6% cases.
19.94 Lakh cases, Worth ₹2,537 crore in India as of 2023.
Cybercrime to cost the world $10.5 Trillion Annually.
#TrendingTopic #scams #scammers. #Write2Earn #BTC
$ADA $BTC $ETH
Everyday, around 20,000 Indians fall victim to cyber criminals, who also scam not only Indians but also scam more than 140 Americans daily.
The way they dupe is they prey on the fear of the victim.
India’s Top 3 Cyber Crime Hotspots are MEWAT, NUH and JAMTARA.
Around 7,00,000 Complaints related to financial frauds. FIR registered in only 2.6% cases.
19.94 Lakh cases, Worth ₹2,537 crore in India as of 2023.
Cybercrime to cost the world $10.5 Trillion Annually.
#TrendingTopic #scams #scammers. #Write2Earn #BTC
$ADA $BTC $ETH
Totally Saman in starting I got some deposit but now they showing error
The maintain their good among the people and then cheat them
#Write2Earnn
#scams
#trendingtoday
#binance-
#earnfreeusdts
The maintain their good among the people and then cheat them
#Write2Earnn
#scams
#trendingtoday
#binance-
#earnfreeusdts
Russian Central Bank Says ‘Almost All Financial #scams Are Now Crypto-themed’
The Russian Central Bank reported that "almost all" financial scams identified in the past year had elements related to #cryptocurrencies.
According to an official statement, the bank noted a nearly 16% increase in financial scams in 2023 compared to the previous year, with crypto themes prevalent in nearly every case.
The bank highlighted a growing number of illegal entities in the financial market employing crypto-related themes. In 2023, it identified 5,735 entities, including companies, projects, and individual entrepreneurs, suspected of engaging in illegal activities such as financial pyramids.
Despite the rise in such projects, the bank noted a positive trend: the lifespan of scam projects had decreased, and they were causing less financial damage on average.
To combat these scams, the regulator blocked access to over 11,200 web pages associated with illegal financial market participants and operators of financial pyramids.
The Central Bank also took legal action against suspected financial scammers, launching over 125 criminal cases and 620 administrative cases, many of which involved the use of cryptocurrencies or crypto-related themes.
Collaborating with authorities like the Federal Antimonopoly Service and Roskomnadzor, the bank aims to crack down on financial scams. Its public list of suspected scams includes social media chatrooms, crypto-related games, suspected fraudulent exchanges, and #CryptoTrading bot schemes. Additionally, it identifies firms allegedly involved in crypto mining scams, where investors are solicited to fund dubious Bitcoin mining centers purportedly located in Siberia.
Source - cryptonews.com
#CryptoNews #BinanceSquare
The Russian Central Bank reported that "almost all" financial scams identified in the past year had elements related to #cryptocurrencies.
According to an official statement, the bank noted a nearly 16% increase in financial scams in 2023 compared to the previous year, with crypto themes prevalent in nearly every case.
The bank highlighted a growing number of illegal entities in the financial market employing crypto-related themes. In 2023, it identified 5,735 entities, including companies, projects, and individual entrepreneurs, suspected of engaging in illegal activities such as financial pyramids.
Despite the rise in such projects, the bank noted a positive trend: the lifespan of scam projects had decreased, and they were causing less financial damage on average.
To combat these scams, the regulator blocked access to over 11,200 web pages associated with illegal financial market participants and operators of financial pyramids.
The Central Bank also took legal action against suspected financial scammers, launching over 125 criminal cases and 620 administrative cases, many of which involved the use of cryptocurrencies or crypto-related themes.
Collaborating with authorities like the Federal Antimonopoly Service and Roskomnadzor, the bank aims to crack down on financial scams. Its public list of suspected scams includes social media chatrooms, crypto-related games, suspected fraudulent exchanges, and #CryptoTrading bot schemes. Additionally, it identifies firms allegedly involved in crypto mining scams, where investors are solicited to fund dubious Bitcoin mining centers purportedly located in Siberia.
Source - cryptonews.com
#CryptoNews #BinanceSquare
Please don’t fall into these scams🥹.
These scammers will approach you with Part time job offers. They will add you into the WhatsApp groups and they will ask you to give reviews for any hotels, restaurants, companies etc., And to gain your trust they will send you some money as your profits (200-1000 Rupees). In the WhatsApp group other people will be messaging you that they got, this much profits that much profits and you will get tempted and they will ask you to choose plans, where you need to invest to participate and to earn more profits. To get involved, they will ask you give reviews every 25minutes and once you start invest they will ask you to invest more amount to get the amount which you invested..
Recently one family lost 9Lakhs(7500$). I request you all not to fall into any kind of traps. They took loans and they invested and now it will take 5years to repay those loans.
#CryptoLegend #scams #cryptoscams #Write2Earn #TrendingTopic
These scammers will approach you with Part time job offers. They will add you into the WhatsApp groups and they will ask you to give reviews for any hotels, restaurants, companies etc., And to gain your trust they will send you some money as your profits (200-1000 Rupees). In the WhatsApp group other people will be messaging you that they got, this much profits that much profits and you will get tempted and they will ask you to choose plans, where you need to invest to participate and to earn more profits. To get involved, they will ask you give reviews every 25minutes and once you start invest they will ask you to invest more amount to get the amount which you invested..
Recently one family lost 9Lakhs(7500$). I request you all not to fall into any kind of traps. They took loans and they invested and now it will take 5years to repay those loans.
#CryptoLegend #scams #cryptoscams #Write2Earn #TrendingTopic
How to be safe on Binance P2P and avoid getting burned
How to be safe on Binance P2P and avoid getting burned
Binance P2P is like Tinder for crypto, but without the awkward dates and ghosting. However, just like any online marketplace, Binance P2P also has its fair share of scammers and fraudsters who want to take advantage of you. Here are some tips on how to be safe on Binance P2P and avoid getting burned:
Verify your identity and enable security features. Before you swipe right on a trade, you need to complete the identity verification process and enable two-factor authentication (2FA) on your account. This will help protect your account from hackers and impostors .
Choose reputable traders and check their ratings. Binance P2P provides a rating system that shows the feedback and reputation of each trader based on their completed orders, response time, and dispute rate. You can also see their trade volume, number of orders, and verification status. Choose traders with high ratings, large trade volumes, and verified identities to reduce the risk of catfishing .
Communicate with the trader and confirm the payment details. Before you start a trade, you can chat with the trader using the built-in messaging system on Binance P2P. You can ask them any questions you have about the trade and confirm the payment details, such as the amount, currency, account number, and reference code. Do not share any sensitive information or personal details outside of the chat .
Use the escrow service and release the crypto only after receiving the payment. When you start a trade, the crypto amount will be locked in an escrow service provided by Binance P2P until the trade is completed or canceled. This ensures that neither party can run away with the funds. You should only release the crypto from the escrow after you have received and confirmed the payment from the buyer. Do not release the crypto based on screenshots, promises, or threats .
Report any suspicious or fraudulent activity to Binance P2P support. If you encounter any problems or disputes during a trade, you can contact Binance P2P support for assistance. You can also report any suspicious or fraudulent activity, such as fake profiles, phishing links, or blackmail attempts, to Binance P2P support or via email at p2p@binance.com .
By following these tips, you can enjoy a safe and smooth trading experience on Binance P2P. Happy trading! Please follow me for more of these tips
#feedfeverchallenge
#BinanceTournament
#P2P
#Beginners
#scams
Binance P2P is like Tinder for crypto, but without the awkward dates and ghosting. However, just like any online marketplace, Binance P2P also has its fair share of scammers and fraudsters who want to take advantage of you. Here are some tips on how to be safe on Binance P2P and avoid getting burned:
Verify your identity and enable security features. Before you swipe right on a trade, you need to complete the identity verification process and enable two-factor authentication (2FA) on your account. This will help protect your account from hackers and impostors .
Choose reputable traders and check their ratings. Binance P2P provides a rating system that shows the feedback and reputation of each trader based on their completed orders, response time, and dispute rate. You can also see their trade volume, number of orders, and verification status. Choose traders with high ratings, large trade volumes, and verified identities to reduce the risk of catfishing .
Communicate with the trader and confirm the payment details. Before you start a trade, you can chat with the trader using the built-in messaging system on Binance P2P. You can ask them any questions you have about the trade and confirm the payment details, such as the amount, currency, account number, and reference code. Do not share any sensitive information or personal details outside of the chat .
Use the escrow service and release the crypto only after receiving the payment. When you start a trade, the crypto amount will be locked in an escrow service provided by Binance P2P until the trade is completed or canceled. This ensures that neither party can run away with the funds. You should only release the crypto from the escrow after you have received and confirmed the payment from the buyer. Do not release the crypto based on screenshots, promises, or threats .
Report any suspicious or fraudulent activity to Binance P2P support. If you encounter any problems or disputes during a trade, you can contact Binance P2P support for assistance. You can also report any suspicious or fraudulent activity, such as fake profiles, phishing links, or blackmail attempts, to Binance P2P support or via email at p2p@binance.com .
By following these tips, you can enjoy a safe and smooth trading experience on Binance P2P. Happy trading! Please follow me for more of these tips
#feedfeverchallenge
#BinanceTournament
#P2P
#Beginners
#scams
🛑 STOP SCROLLING! WHY KYC CAN BE DANGEROUS!!! 🛑
⛔ Read the full post, as this is an important one:
"KYC is the act of throwing 99 innocent people under the bus in order to make law enforcement's job catching 1 bad guy a little easier. The 99 shouldn't tolerate it."
The picture shows what I recently found on Twitter.
Why should you care and what should/shouldn't you do?
Leaked KYC data makes you vulnerable to attacks like sim-swaps, which allow attackers to bypass your 2FA security, but also comes with even bigger danger.
Leaked documents can lead to scammers opening online bank accounts in your name, taking loans & putting you into a horrible financial situation.
Deepfakes and simple Epson printers with ID card printing features make it possible to even fake real-time online verification processes.
Conclusion:
Be EXTREMELY cautious where you submit your KYC information. If small, not properly secured projects require KYC for crypto allocations and similar, remember that you're making yourself vulnerable the moment you submit your data.
You can never be sure that your data is encrypted and saved in a secure spot. You just can NEVER be sure.... so IF you submit KYC data, make sure that you don't do it left, right, center wherever you go, but only provide big, trustworthy and well established companies with these kind of details.
You will thank me later.
Follow @Professor Mende - Bonuz Ecosystem Founder for more!
#scamalert #kyc #phishing #scams #hacking
$PEPE $FLOKI $SHIB
⛔ Read the full post, as this is an important one:
"KYC is the act of throwing 99 innocent people under the bus in order to make law enforcement's job catching 1 bad guy a little easier. The 99 shouldn't tolerate it."
The picture shows what I recently found on Twitter.
Why should you care and what should/shouldn't you do?
Leaked KYC data makes you vulnerable to attacks like sim-swaps, which allow attackers to bypass your 2FA security, but also comes with even bigger danger.
Leaked documents can lead to scammers opening online bank accounts in your name, taking loans & putting you into a horrible financial situation.
Deepfakes and simple Epson printers with ID card printing features make it possible to even fake real-time online verification processes.
Conclusion:
Be EXTREMELY cautious where you submit your KYC information. If small, not properly secured projects require KYC for crypto allocations and similar, remember that you're making yourself vulnerable the moment you submit your data.
You can never be sure that your data is encrypted and saved in a secure spot. You just can NEVER be sure.... so IF you submit KYC data, make sure that you don't do it left, right, center wherever you go, but only provide big, trustworthy and well established companies with these kind of details.
You will thank me later.
Follow @Professor Mende - Bonuz Ecosystem Founder for more!
#scamalert #kyc #phishing #scams #hacking
$PEPE $FLOKI $SHIB
🚨 CRYPTO HACKERS STEAL $266M IN JULY THROUGH 16 BREACHES 🚨
🔒 The crypto sector faced a significant blow in July as hackers managed to steal approximately $266 million across 16 separate breaches, according to PeckShield.
💥 Major Incident: WazirX Attack
On July 18, Indian crypto exchange WazirX was attacked, accounting for over $230 million, or 86.4%, of the month's total losses. Independent investigations have suggested North Korean cybercriminals might be behind the breach. The stolen WazirX funds, totaling 61,154 Ether, remain under the hackers' control as of August 1.
📉 Other Major July Hacks
Compound Finance: Lost $24 million
Li.Fi: Lost $10 million
Bittensor & Rho Markets: Each lost $8 million
🔍 Many of these stolen funds were moved to the cryptocurrency mixer Tornado Cash, a technique often used by hackers to obscure the origins of funds and evade detection.
📈 CRYPTO MARKET'S RESILIENT RECOVERY
Despite ongoing hacks and scams, the crypto market achieved a record recovery rate of 77% for stolen funds in Q2 2024. According to Hacken's Web3 Security Report Q2 2024, $347.4 million of the stolen funds were recovered or frozen out of the total $512.9 million lost.
⚠️ RISING THREAT OF SCAMS ON X
Scam Sniffer, a web3 anti-scam company, revealed that nearly $50 million is lost each month due to account impersonation on X.com.
🔐 FINAL THOUGHTS
Stay safe, question everything, think twice and don't make quick and impulsive decisions!
Follow @Professor Mende - Bonuz Ecosystem Founder for more & stay awesome!
#scamalert #scam #scams #hack #hacks
$BTC $PEPE $SHIB
🔒 The crypto sector faced a significant blow in July as hackers managed to steal approximately $266 million across 16 separate breaches, according to PeckShield.
💥 Major Incident: WazirX Attack
On July 18, Indian crypto exchange WazirX was attacked, accounting for over $230 million, or 86.4%, of the month's total losses. Independent investigations have suggested North Korean cybercriminals might be behind the breach. The stolen WazirX funds, totaling 61,154 Ether, remain under the hackers' control as of August 1.
📉 Other Major July Hacks
Compound Finance: Lost $24 million
Li.Fi: Lost $10 million
Bittensor & Rho Markets: Each lost $8 million
🔍 Many of these stolen funds were moved to the cryptocurrency mixer Tornado Cash, a technique often used by hackers to obscure the origins of funds and evade detection.
📈 CRYPTO MARKET'S RESILIENT RECOVERY
Despite ongoing hacks and scams, the crypto market achieved a record recovery rate of 77% for stolen funds in Q2 2024. According to Hacken's Web3 Security Report Q2 2024, $347.4 million of the stolen funds were recovered or frozen out of the total $512.9 million lost.
⚠️ RISING THREAT OF SCAMS ON X
Scam Sniffer, a web3 anti-scam company, revealed that nearly $50 million is lost each month due to account impersonation on X.com.
🔐 FINAL THOUGHTS
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In June 2023, TechBullion highlighted the pivotal role of DOER.Market in enhancing the security of #cryptocurrency transactions through its article "Securing Crypto Transactions: The Significance of #Escrow and Doer.Market."
The piece delves into the challenges faced by the crypto industry, primarily focusing on the irreversible nature of transactions and the anonymity of parties, which have unfortunately led to a rise in scams and security concerns. With a staggering $1 billion lost to cryptocurrency#scams between 2021 and 2022, as reported by the Federal Trade Commission (FTC), the need for a secure transactional framework has become more crucial than ever.
#DOERMarket addresses these concerns by introducing an escrow service model within its marketplace. This model acts as a trusted intermediary, holding funds until both parties fulfill their transactional obligations, thereby mitigating the risk of fraud and building trust. The escrow service offers protection against fraudulent transactions, ensures timely payments, and provides a vital dispute resolution mechanism, crucial in an industry characterized by complex transactions.
Beyond its escrow services, DOER.Market also serves as a specialized platform for crypto professionals, offering a variety of services including web development, marketing, and more. This not only aids professionals in expanding their business but also assists companies in reaching wider audiences, building trust, and establishing credibility in the crypto market. The article underscores DOER.Market's significant contribution to overcoming the inherent security challenges of the cryptocurrency sector, marking it as a game-changer in securing #crypto transactions.
Read Article: https://techbullion.com/securing-crypto-transactions-the-significance-of-escrow-and-doer-market/
The piece delves into the challenges faced by the crypto industry, primarily focusing on the irreversible nature of transactions and the anonymity of parties, which have unfortunately led to a rise in scams and security concerns. With a staggering $1 billion lost to cryptocurrency#scams between 2021 and 2022, as reported by the Federal Trade Commission (FTC), the need for a secure transactional framework has become more crucial than ever.
#DOERMarket addresses these concerns by introducing an escrow service model within its marketplace. This model acts as a trusted intermediary, holding funds until both parties fulfill their transactional obligations, thereby mitigating the risk of fraud and building trust. The escrow service offers protection against fraudulent transactions, ensures timely payments, and provides a vital dispute resolution mechanism, crucial in an industry characterized by complex transactions.
Beyond its escrow services, DOER.Market also serves as a specialized platform for crypto professionals, offering a variety of services including web development, marketing, and more. This not only aids professionals in expanding their business but also assists companies in reaching wider audiences, building trust, and establishing credibility in the crypto market. The article underscores DOER.Market's significant contribution to overcoming the inherent security challenges of the cryptocurrency sector, marking it as a game-changer in securing #crypto transactions.
Read Article: https://techbullion.com/securing-crypto-transactions-the-significance-of-escrow-and-doer-market/