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The most awaited airdrop with the most active on-chain players on The Open Network. However, it turned out to be a scam. We were supposed to earn billions of coins but only received 10 CATs. This is a scam.
#scam #scamcatizen
The most awaited airdrop with the most active on-chain players on The Open Network. However, it turned out to be a scam. We were supposed to earn billions of coins but only received 10 CATs. This is a scam.
#scam #scamcatizen
đš Deepfake Tim Cook Dupes 350,000+ in Crypto Scam During Apple Event
During Appleâs highly-anticipated âGlowtimeâ event on Sep. 9, scammers pulled off a major crypto heist using AI-generated deepfakes of Apple CEO Tim Cook. Over 350,000 viewers were tricked into believing they were watching an official stream, only to later realize it was a fake promoting a cryptocurrency scam. Scammers used old Tim Cook interviews, altered by AI, to mislead viewers into sending Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies to fraudulent wallet addresses. One stream even broadcasted on a verified YouTube channel named Apple US, making the scam look authentic.
The deepfake Cook called it an âideal opportunity for beginnersâ to get into crypto, but it was all a ploy to steal funds. The stream featured a QR code that led users to a fake website, complete with false transaction history to make it appear that people were transferring their crypto. At one point, the scam site was still live, showcasing wallet addresses for BTC, ETH, DOGE, and USDT. Despite YouTubeâs removal of the streams, this incident highlights how scammers continue to misuse the platform, leveraging verified accounts to appear legitimate.
Deepfake Fraud is On the Rise: A Bitget report from June 2024 revealed a 245% surge in deepfake scams this year, with losses totaling $80 billion. This alarming trend has regulators proposing new bills to hold AI providers accountable, requiring origin details in all AI-generated content.
Takeaway: As deepfake technology evolves, so do the dangers. Crypto users should remain extra cautious, especially when high-profile figures appear to endorse investments that seem too good to be true.
Stay safe with @Professor Mende - Bonuz Ecosystem Founder , and always double-check sources before transferring any funds!
#timcook #apple #CryptoMarketMoves #scamalert #scam $BTC
During Appleâs highly-anticipated âGlowtimeâ event on Sep. 9, scammers pulled off a major crypto heist using AI-generated deepfakes of Apple CEO Tim Cook. Over 350,000 viewers were tricked into believing they were watching an official stream, only to later realize it was a fake promoting a cryptocurrency scam. Scammers used old Tim Cook interviews, altered by AI, to mislead viewers into sending Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies to fraudulent wallet addresses. One stream even broadcasted on a verified YouTube channel named Apple US, making the scam look authentic.
The deepfake Cook called it an âideal opportunity for beginnersâ to get into crypto, but it was all a ploy to steal funds. The stream featured a QR code that led users to a fake website, complete with false transaction history to make it appear that people were transferring their crypto. At one point, the scam site was still live, showcasing wallet addresses for BTC, ETH, DOGE, and USDT. Despite YouTubeâs removal of the streams, this incident highlights how scammers continue to misuse the platform, leveraging verified accounts to appear legitimate.
Deepfake Fraud is On the Rise: A Bitget report from June 2024 revealed a 245% surge in deepfake scams this year, with losses totaling $80 billion. This alarming trend has regulators proposing new bills to hold AI providers accountable, requiring origin details in all AI-generated content.
Takeaway: As deepfake technology evolves, so do the dangers. Crypto users should remain extra cautious, especially when high-profile figures appear to endorse investments that seem too good to be true.
Stay safe with @Professor Mende - Bonuz Ecosystem Founder , and always double-check sources before transferring any funds!
#timcook #apple #CryptoMarketMoves #scamalert #scam $BTC
âïž Crypto Phishing Attacks Surge 215% in August: $55M Lost in Single Incident
đŁ Cryptocurrency phishing attacks skyrocketed by 215% in August, with total losses exceeding $66 million. A single major attack accounted for $55 million, highlighting the increasing sophistication of scammers. While the number of victims decreased by 34% from July, the stolen amount surged dramatically.
đ„ The crypto industry is responding with measures like Binance's "antidote" against address poisoning scams and the launch of the Security Alliance anti-hack response team. These attacks underscore the critical need for heightened security awareness in the crypto space.
âïž The surge in phishing attacks calls for extra caution. Always double-check addresses and be wary of suspicious links. Your crypto's safety depends on your awareness!
So becareful !!!
#scam #phishingscam #becareful #lost #TON
đŁ Cryptocurrency phishing attacks skyrocketed by 215% in August, with total losses exceeding $66 million. A single major attack accounted for $55 million, highlighting the increasing sophistication of scammers. While the number of victims decreased by 34% from July, the stolen amount surged dramatically.
đ„ The crypto industry is responding with measures like Binance's "antidote" against address poisoning scams and the launch of the Security Alliance anti-hack response team. These attacks underscore the critical need for heightened security awareness in the crypto space.
âïž The surge in phishing attacks calls for extra caution. Always double-check addresses and be wary of suspicious links. Your crypto's safety depends on your awareness!
So becareful !!!
#scam #phishingscam #becareful #lost #TON
đšTiktok's 'INFINITE MONEY' glitch leaves users in financial debt!
A viral TikTok trend, dubbed the âinfinite moneyâ glitch, has reportedly left users with massive debts and frozen bank accounts. The trend encouraged people to exploit a supposed "glitch" at Chase Bank ATMs, allowing them to withdraw large sums of money by depositing fake checks that had not yet cleared. Now, those who tried their luck are facing the harsh reality: their accounts are in the red, with some showing significant negative balances.
How did it work? Social media videos showed users depositing fraudulent checks and withdrawing cash before the bank's systems could authenticate the transactions. However, what seemed like a loophole was nothing more than a classic case of check fraud. As expected, Chase Bank quickly addressed the issue. Accounts involved in the scam are now frozen or heavily overdrawn, and Chase has warned users that this behavior is criminal.
Chase speaks out A Chase spokesperson commented, "Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple." The bank stressed the importance of being skeptical of online trends that sound too good to be true.
Expert takes Financial experts have chimed in, debunking the âglitchâ as just another form of check fraud. Austen Allred, CEO of Bloom Institute of Technology, explained in a Sept. 2 post: âThe âChase unlimited money glitchâ was essentially just writing a fake check, depositing it via mobile, and withdrawing cash before the check clearedâpure and simple fraud.â Financial blogger Jim Wang added, âChase quickly caught on, and those involved are now seeing big holds or huge negative balances on their accounts.â
Follow @Professor Mende - Bonuz Ecosystem Founder for more "hacks & glitches"!
#chase #tiktok #money #scam #fraud $BTC
A viral TikTok trend, dubbed the âinfinite moneyâ glitch, has reportedly left users with massive debts and frozen bank accounts. The trend encouraged people to exploit a supposed "glitch" at Chase Bank ATMs, allowing them to withdraw large sums of money by depositing fake checks that had not yet cleared. Now, those who tried their luck are facing the harsh reality: their accounts are in the red, with some showing significant negative balances.
How did it work? Social media videos showed users depositing fraudulent checks and withdrawing cash before the bank's systems could authenticate the transactions. However, what seemed like a loophole was nothing more than a classic case of check fraud. As expected, Chase Bank quickly addressed the issue. Accounts involved in the scam are now frozen or heavily overdrawn, and Chase has warned users that this behavior is criminal.
Chase speaks out A Chase spokesperson commented, "Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple." The bank stressed the importance of being skeptical of online trends that sound too good to be true.
Expert takes Financial experts have chimed in, debunking the âglitchâ as just another form of check fraud. Austen Allred, CEO of Bloom Institute of Technology, explained in a Sept. 2 post: âThe âChase unlimited money glitchâ was essentially just writing a fake check, depositing it via mobile, and withdrawing cash before the check clearedâpure and simple fraud.â Financial blogger Jim Wang added, âChase quickly caught on, and those involved are now seeing big holds or huge negative balances on their accounts.â
Follow @Professor Mende - Bonuz Ecosystem Founder for more "hacks & glitches"!
#chase #tiktok #money #scam #fraud $BTC
Police in Inner Mongolia have arrested 63 people in association with a scheme that allegedly laundered 12 billion yuan ($1.7 billion), China News reports. #Binance #china #crypto #moneylaundering #scam
đđđ #PhishingScams thefts on Base are up 1900% from January â #scam Sniffer
Phishing scams on Ethereum #Layer2 platform Base have skyrocketed nearly 1900% since January, coinciding with a significant rise in total value locked on the network.
Recent data reveals that Base experienced an 18-fold increase in cryptocurrency funds lost to phishing scams in March compared to January figures. According to blockchain anti-scam platform Scam Sniffer, approximately $3.35 million was pilfered from victims of phishing scams on Base in March alone.
This surge represents a substantial 334% month-on-month jump from February, which saw losses of $773,900, and an astounding 1,880% spike from January's $169,000 losses, as reported by monthly Dune Analytics data compiled by Scam Sniffer.
Notably, Binance's BNB Chain also witnessed a similar surge in phishing scams during March, according to Scam Sniffer. Across all chains, approximately $71.5 million was lost to phishing scammers from 77,529 victims in March, surpassing January and February tallies of $58.3 million and $46.8 million, respectively.
Scam Sniffer highlighted fake X accounts as a prevalent tactic, detecting over 1,500 incidents in March alone. This rise in Base phishing scams coincides with a surge in memecoin activity on the platform, propelling Base's total value locked to over $3.2 billion, marking a 370% increase in 2024 so far, according to L2BEAT.
Despite the increase in phishing scams, crypto hack thefts decreased by 48% to $187.2 million in March, as reported by blockchain security firm PeckShield.
Source - cointelegraph.com
#CryptoNewsđđ°đ« #BinanceSquareTalks
Phishing scams on Ethereum #Layer2 platform Base have skyrocketed nearly 1900% since January, coinciding with a significant rise in total value locked on the network.
Recent data reveals that Base experienced an 18-fold increase in cryptocurrency funds lost to phishing scams in March compared to January figures. According to blockchain anti-scam platform Scam Sniffer, approximately $3.35 million was pilfered from victims of phishing scams on Base in March alone.
This surge represents a substantial 334% month-on-month jump from February, which saw losses of $773,900, and an astounding 1,880% spike from January's $169,000 losses, as reported by monthly Dune Analytics data compiled by Scam Sniffer.
Notably, Binance's BNB Chain also witnessed a similar surge in phishing scams during March, according to Scam Sniffer. Across all chains, approximately $71.5 million was lost to phishing scammers from 77,529 victims in March, surpassing January and February tallies of $58.3 million and $46.8 million, respectively.
Scam Sniffer highlighted fake X accounts as a prevalent tactic, detecting over 1,500 incidents in March alone. This rise in Base phishing scams coincides with a surge in memecoin activity on the platform, propelling Base's total value locked to over $3.2 billion, marking a 370% increase in 2024 so far, according to L2BEAT.
Despite the increase in phishing scams, crypto hack thefts decreased by 48% to $187.2 million in March, as reported by blockchain security firm PeckShield.
Source - cointelegraph.com
#CryptoNewsđđ°đ« #BinanceSquareTalks
1. SMS spoofing is a scam tactic where fraudsters send deceptive messages to appear as trusted sources, aiming to extract sensitive information or money.
2. Approach messages from unknown sources cautiously and verify identity using alternative communication.
3. Avoid clicking on links in SMS messages, as they can lead to information theft or malware.
4. Refrain from sharing personal or financial details via SMS, particularly in suspicious messages.
5. Enhance security by enabling two-factor authentication (2FA) on your accounts.
6. Independently confirm urgent requests or payments from known contacts before taking action.
7. If suspicious, report SMS #spoofing to your mobile carrier, authorities, and relevant organizations.
8. Learning to recognize SMS spoofing #helps protect your information and reduce the impact of scams.
#Binance #scam #sms
2. Approach messages from unknown sources cautiously and verify identity using alternative communication.
3. Avoid clicking on links in SMS messages, as they can lead to information theft or malware.
4. Refrain from sharing personal or financial details via SMS, particularly in suspicious messages.
5. Enhance security by enabling two-factor authentication (2FA) on your accounts.
6. Independently confirm urgent requests or payments from known contacts before taking action.
7. If suspicious, report SMS #spoofing to your mobile carrier, authorities, and relevant organizations.
8. Learning to recognize SMS spoofing #helps protect your information and reduce the impact of scams.
#Binance #scam #sms
#scam Scam alert!
LIVEcrypto_sio
--
Bearish
đšđšđ„đ„Attentionđ„đ„đšđš
the price for starknet is far too high and it will probably fall very low. Don't buy this coin or sell it immediately. 700M will be paid out as an airdrop, which constitutes a minimum circulating supply. For that reason alone the price is too high! Nobody knows how many coins are in circulation. That smells like a scam!#Write2Earn #strk #TrendingTopic #FIL #PIXEL $BTC $STRK $ALT
the price for starknet is far too high and it will probably fall very low. Don't buy this coin or sell it immediately. 700M will be paid out as an airdrop, which constitutes a minimum circulating supply. For that reason alone the price is too high! Nobody knows how many coins are in circulation. That smells like a scam!#Write2Earn #strk #TrendingTopic #FIL #PIXEL $BTC $STRK $ALT
Safeguarding Against Rising Pig Butchering Scams: Binance's Insights and Solutions
Date: 2023-08-23
The cryptocurrency world is rife with innovation, potential, and, unfortunately, scams. As digital assets and blockchain technology gain more recognition and popularity, the threat of scams targeting unwary investors has surged. One of the most concerning trends in this arena is the exponential increase in "pig butchering" scams, which has prompted Binance, a leading cryptocurrency exchange, to share crucial insights and prevention tips to safeguard investors.
A Disturbing Trend: Pig Butchering Scams on the Rise
Recent data from Binance's official blog reveals a staggering 100.5% surge in reported cases of pig butchering scams from 2022 to 2023. While these scams may sound whimsical, their implications are far from humorous. Pig butchering scams target inexperienced investors, luring them with the promise of high returns and financial prosperity. However, these malicious actors execute a well-orchestrated deception, gradually gaining their victims' trust before vanishing with their investments.
Understanding Pig Butchering Scams
Pig butchering scams draw their name from the notion of fattening victims for slaughter. Fraudsters entice individuals with flashy profits, steadily building credibility before vanishing with hard-earned funds. They deploy a variety of tactics like social engineering, romance scams, Ponzi schemes, exit scams, and pump and dump schemes to manipulate victims.
The Driving Factors Behind the Surge
The exponential increase in pig butchering scams is a byproduct of the growing adoption of blockchain technology and digital assets. With heightened interest comes increased attention from scammers seeking to capitalize on the rising trend. As reported by the FBI, investment scams across all sectors, including the crypto space, have seen a significant uptick. Losses due to investment fraud in the crypto space soared from $907 million in 2021 to an astonishing $2.57 billion in 2022.
Binance's Commitment to Combat Scams
Binance has taken proactive steps to combat these scams and protect its users. The exchange collaborates closely with global law enforcement agencies to ensure the safety of the blockchain ecosystem. Binance's Investigations team consists of experts and former law enforcement agents who provide investigative training to support global efforts against cybercrime.
In 2022, Binance engaged in over 70 anti-cybercrime workshops, empowering investigators to tackle emerging challenges. This collaboration helps fortify the cryptocurrency landscape and creates a hostile environment for malicious actors.
Preventing Pig Butchering Scams: Tips for Investors
Be Skeptical: High returns with low risk often indicate a scam. Verify information from trusted sources.
Thorough Research: Investigate investment opportunities, companies, and individuals before committing.
Credibility Check: Ensure platforms have proper licenses and registrations.
Avoid Hasty Decisions: Scammers create urgency; take your time to understand investments.
Beware of Complexity: Scammers may use jargon to appear legitimate; seek clarity.
Guard Personal Information: Never share sensitive data with anyone, even trusted entities.
Question Unsolicited Offers: Approach unsolicited offers with caution; avoid clicking on links.
Monitor Investments: Stay vigilant for changes and difficulties in obtaining information.
A $112 Million Case Study
Binance's collaboration with law enforcement has yielded impressive results. Recently, Binance supported the FBI and DOJ in seizing over $112 million in a pig butchering case. By restricting the flow of illicit funds through the platform, Binance assisted victims in recovering their assets and raising awareness of these scams.
Blockchain as a Defense Mechanism
Blockchain technology, known for transparency and traceability, serves as a powerful tool against scams. Public and traceable transactions on the blockchain make it difficult for scammers to disappear without a trace. This technology aids in identifying and monitoring suspicious activities, fostering a safer investment environment.
Conclusion: Empowerment Through Awareness
As the crypto landscape evolves, so do the tactics of scammers. By staying informed and adhering to security best practices, investors can thwart pig butchering scams. Binance's dedication to collaboration with law enforcement and use of blockchain technology ensures a secure environment for investors and advances the fight against scams. Remember, vigilance is the key to safeguarding your investments in this transformative digital age.
#scam
The cryptocurrency world is rife with innovation, potential, and, unfortunately, scams. As digital assets and blockchain technology gain more recognition and popularity, the threat of scams targeting unwary investors has surged. One of the most concerning trends in this arena is the exponential increase in "pig butchering" scams, which has prompted Binance, a leading cryptocurrency exchange, to share crucial insights and prevention tips to safeguard investors.
A Disturbing Trend: Pig Butchering Scams on the Rise
Recent data from Binance's official blog reveals a staggering 100.5% surge in reported cases of pig butchering scams from 2022 to 2023. While these scams may sound whimsical, their implications are far from humorous. Pig butchering scams target inexperienced investors, luring them with the promise of high returns and financial prosperity. However, these malicious actors execute a well-orchestrated deception, gradually gaining their victims' trust before vanishing with their investments.
Understanding Pig Butchering Scams
Pig butchering scams draw their name from the notion of fattening victims for slaughter. Fraudsters entice individuals with flashy profits, steadily building credibility before vanishing with hard-earned funds. They deploy a variety of tactics like social engineering, romance scams, Ponzi schemes, exit scams, and pump and dump schemes to manipulate victims.
The Driving Factors Behind the Surge
The exponential increase in pig butchering scams is a byproduct of the growing adoption of blockchain technology and digital assets. With heightened interest comes increased attention from scammers seeking to capitalize on the rising trend. As reported by the FBI, investment scams across all sectors, including the crypto space, have seen a significant uptick. Losses due to investment fraud in the crypto space soared from $907 million in 2021 to an astonishing $2.57 billion in 2022.
Binance's Commitment to Combat Scams
Binance has taken proactive steps to combat these scams and protect its users. The exchange collaborates closely with global law enforcement agencies to ensure the safety of the blockchain ecosystem. Binance's Investigations team consists of experts and former law enforcement agents who provide investigative training to support global efforts against cybercrime.
In 2022, Binance engaged in over 70 anti-cybercrime workshops, empowering investigators to tackle emerging challenges. This collaboration helps fortify the cryptocurrency landscape and creates a hostile environment for malicious actors.
Preventing Pig Butchering Scams: Tips for Investors
Be Skeptical: High returns with low risk often indicate a scam. Verify information from trusted sources.
Thorough Research: Investigate investment opportunities, companies, and individuals before committing.
Credibility Check: Ensure platforms have proper licenses and registrations.
Avoid Hasty Decisions: Scammers create urgency; take your time to understand investments.
Beware of Complexity: Scammers may use jargon to appear legitimate; seek clarity.
Guard Personal Information: Never share sensitive data with anyone, even trusted entities.
Question Unsolicited Offers: Approach unsolicited offers with caution; avoid clicking on links.
Monitor Investments: Stay vigilant for changes and difficulties in obtaining information.
A $112 Million Case Study
Binance's collaboration with law enforcement has yielded impressive results. Recently, Binance supported the FBI and DOJ in seizing over $112 million in a pig butchering case. By restricting the flow of illicit funds through the platform, Binance assisted victims in recovering their assets and raising awareness of these scams.
Blockchain as a Defense Mechanism
Blockchain technology, known for transparency and traceability, serves as a powerful tool against scams. Public and traceable transactions on the blockchain make it difficult for scammers to disappear without a trace. This technology aids in identifying and monitoring suspicious activities, fostering a safer investment environment.
Conclusion: Empowerment Through Awareness
As the crypto landscape evolves, so do the tactics of scammers. By staying informed and adhering to security best practices, investors can thwart pig butchering scams. Binance's dedication to collaboration with law enforcement and use of blockchain technology ensures a secure environment for investors and advances the fight against scams. Remember, vigilance is the key to safeguarding your investments in this transformative digital age.
#scam
đš Uniswap Founderâs Twitter Account Hacked for Scam Promotion đš
#Uniswap founder Hayden Adams' Twitter account was compromised, and a #scam tweet was posted falsely claiming users' tokens were at risk due to an exploit in the platform's #Permit2 contract.
The tweet encouraged followers to click on a malicious link. Crypto Twitter members quickly identified the scam and warned others.
Web3 Security Alerts channel on Telegram notified followers about the account compromise. Several nearly identical scam tweets were posted, though the first one was taken down after a few minutes. Adams' accounts with #MetaMask and Coinbase Wallet were also reported to be blocked.
#CyberSecurity
#Uniswap founder Hayden Adams' Twitter account was compromised, and a #scam tweet was posted falsely claiming users' tokens were at risk due to an exploit in the platform's #Permit2 contract.
The tweet encouraged followers to click on a malicious link. Crypto Twitter members quickly identified the scam and warned others.
Web3 Security Alerts channel on Telegram notified followers about the account compromise. Several nearly identical scam tweets were posted, though the first one was taken down after a few minutes. Adams' accounts with #MetaMask and Coinbase Wallet were also reported to be blocked.
#CyberSecurity
