scamriskwarning
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Do not Join or follow this kind of projects who ask for investment its 100% Scam
#scamriskwarning #ScamAware #ScamProject
#scamriskwarning #ScamAware #ScamProject
LIVE
TIGRE_48
--
đš Be careful with this style of posting.
âą When you see investments like this, be aware that they are scams.
âą Once you send the money, you lose it.
âą Please, do not send money to strangers.
#StaySafeInTheCryptoWorld
#AntiScamEducation
#STOPSCAMđŻ
âą For more security tips, you can visit the profile of @Binance Risk Sniper đ.
âą When you see investments like this, be aware that they are scams.
âą Once you send the money, you lose it.
âą Please, do not send money to strangers.
#StaySafeInTheCryptoWorld
#AntiScamEducation
#STOPSCAMđŻ
âą For more security tips, you can visit the profile of @Binance Risk Sniper đ.
A Big Whale attack .. Huge scam ..
A whale account was targeted in a phishing attack, leading to the theft of $50.2 million in DAI, as revealed by PeckShield in a report from Foresight News. Key details of the scam include:
The phishing wallet, labeled 'Fake_Phishing442897,' was responsible for the theft.
230,000 DAI has already been swapped for 98,700 $ETH .
These funds were moved to a new wallet starting with 0x2751.
The scammerâs new wallet currently holds:
Roughly $38.3 million in various cryptocurrencies.
Approximately 14,900 ETH.
2.5 million #DAI .
320.1 stETH.
The stolen assets are being quickly shifted and diversified.
#Whalestrap #AlertđŽ #scamriskwarning #BullBanter
A whale account was targeted in a phishing attack, leading to the theft of $50.2 million in DAI, as revealed by PeckShield in a report from Foresight News. Key details of the scam include:
The phishing wallet, labeled 'Fake_Phishing442897,' was responsible for the theft.
230,000 DAI has already been swapped for 98,700 $ETH .
These funds were moved to a new wallet starting with 0x2751.
The scammerâs new wallet currently holds:
Roughly $38.3 million in various cryptocurrencies.
Approximately 14,900 ETH.
2.5 million #DAI .
320.1 stETH.
The stolen assets are being quickly shifted and diversified.
#Whalestrap #AlertđŽ #scamriskwarning #BullBanter
CRYPTO MARKET ALERT!
$BTC price: $60,383. Don't open long positions yet!
Wait for confirmation to avoid getting trapped. Target: $62,300. Stay safe!
$BTC
#TradingShot #CryptoNewss #BULLishWithBULL #scamriskwarning #InvestmentScams
$BTC price: $60,383. Don't open long positions yet!
Wait for confirmation to avoid getting trapped. Target: $62,300. Stay safe!
$BTC
#TradingShot #CryptoNewss #BULLishWithBULL #scamriskwarning #InvestmentScams
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đšALERTđš Beware of âClipperâ malware
đAccording to the Binance blog: A global malware threat is currently targeting cryptocurrency users by altering withdrawal addresses, leading to significant financial losses.
đThis malicious software, known as âClipper malware,â manipulates wallet addresses copied during transactions and redirects funds to attackersâ wallets without users realizing it.
How the malware works The malware attacks the clipboard, where e-wallet addresses are stored during cryptocurrency transfers.
When a user copies and pastes a wallet address, the malware replaces the legitimate address with one controlled by the attacker. If users donât notice this change, their cryptocurrency is sent to the attacker instead of the intended recipient.
đŸThis attack has intensified recently, especially on August 27, 2024, affecting a large number of users. Binance Response The Binance Security Team is actively working to protect users by:
đčïžBlacklisting suspicious addresses: We are blocking addresses of known attackers, preventing future fraudulent transactions.
đčïžNotifying affected users: We have alerted users whose wallets may have been compromised, encouraging them to inspect their devices for malicious software.
đčïžMonitoring and combating threats: Our team continuously scans for new threats and updates security measures to stay ahead of evolving malware.
đĄAlways DYOR and protect your assets!
#RiskManagement #scamriskwarning #SCAMS #security #Binance $BNB
đAccording to the Binance blog: A global malware threat is currently targeting cryptocurrency users by altering withdrawal addresses, leading to significant financial losses.
đThis malicious software, known as âClipper malware,â manipulates wallet addresses copied during transactions and redirects funds to attackersâ wallets without users realizing it.
How the malware works The malware attacks the clipboard, where e-wallet addresses are stored during cryptocurrency transfers.
When a user copies and pastes a wallet address, the malware replaces the legitimate address with one controlled by the attacker. If users donât notice this change, their cryptocurrency is sent to the attacker instead of the intended recipient.
đŸThis attack has intensified recently, especially on August 27, 2024, affecting a large number of users. Binance Response The Binance Security Team is actively working to protect users by:
đčïžBlacklisting suspicious addresses: We are blocking addresses of known attackers, preventing future fraudulent transactions.
đčïžNotifying affected users: We have alerted users whose wallets may have been compromised, encouraging them to inspect their devices for malicious software.
đčïžMonitoring and combating threats: Our team continuously scans for new threats and updates security measures to stay ahead of evolving malware.
đĄAlways DYOR and protect your assets!
#RiskManagement #scamriskwarning #SCAMS #security #Binance $BNB
đšâč2,200 crore âonline tradingâ scam busted in Assam, 38 arrestedđš
The Assam #police have arrested 38 people from different parts of the State in less than a week for their alleged involvement in an #onlinetrading scam believed to be worth at least âč2,200 crore.
The scam, which ran for almost three years, entailed investing money collected from clients in âsharesâ with a promise to double the investment in 60 days.
Some investors claimed they took loans of âč10-15 lakh from banks to invest in the app floated by 22-year-old Bishal Phukan of Dibrugarh and his Guwahati-based associate Swapnanil Das. The online traders initially returned small amounts along with 30â50% interest but stopped after clients, lured by the profit, began investing larger sums.
Chief Minister Himanta Biswa Sarma advised people not to fall into traps set by fraudsters when authorised agencies are handling stockbroking through demat accounts.
âSo far, 38 people have been arrested, and an investigation is on. People should be wary of fraudsters who trade in stocks, since nobody has a magic wand to offer 25-30% interest,â he told journalists on Wednesday (September 4, 2024).
âIt is not acceptable for somebody to take away your hard-earned money. You must have seen that these fraudsters have a lavish lifestyle.
Police zeroed in on the online scamsters after some investors complained about not being paid for more than a year past the 60-day offer. Phukan and Das also attracted attention after buying up acres of land and high-end cars, apart from posting photos from foreign locales on social media platforms.
âPhukan, the kingpin, claimed to be an industrialist while Das identified himself as an entrepreneur. They are in our custody,â a senior police officer said.
The police have also launched a search for actor-choreographer Sumi Borah, who is suspected of being involved in the scam. She allegedly received expensive gifts from Bishal.
Her extravagant wedding at a Rajasthan resort is also under investigation.
#safetrading
#ScamAware
#scamriskwarning
The scam, which ran for almost three years, entailed investing money collected from clients in âsharesâ with a promise to double the investment in 60 days.
Some investors claimed they took loans of âč10-15 lakh from banks to invest in the app floated by 22-year-old Bishal Phukan of Dibrugarh and his Guwahati-based associate Swapnanil Das. The online traders initially returned small amounts along with 30â50% interest but stopped after clients, lured by the profit, began investing larger sums.
Chief Minister Himanta Biswa Sarma advised people not to fall into traps set by fraudsters when authorised agencies are handling stockbroking through demat accounts.
âSo far, 38 people have been arrested, and an investigation is on. People should be wary of fraudsters who trade in stocks, since nobody has a magic wand to offer 25-30% interest,â he told journalists on Wednesday (September 4, 2024).
âIt is not acceptable for somebody to take away your hard-earned money. You must have seen that these fraudsters have a lavish lifestyle.
Police zeroed in on the online scamsters after some investors complained about not being paid for more than a year past the 60-day offer. Phukan and Das also attracted attention after buying up acres of land and high-end cars, apart from posting photos from foreign locales on social media platforms.
âPhukan, the kingpin, claimed to be an industrialist while Das identified himself as an entrepreneur. They are in our custody,â a senior police officer said.
The police have also launched a search for actor-choreographer Sumi Borah, who is suspected of being involved in the scam. She allegedly received expensive gifts from Bishal.
Her extravagant wedding at a Rajasthan resort is also under investigation.
#safetrading
#ScamAware
#scamriskwarning
CryptoPunks NFT Worth $1.5 Million Just Sold for $23,000âHere's How
"Heist" or just a brilliant play? CryptoPunk #2386 sold for a fraction of its market value thanks to a smart contract and an unexpected move.
The immutable nature of the blockchain was put in stark relief on Wednesday when CryptoPunk #2386, which is valued around 600 ETH (about $1.5 million), was acquired for a fraction of that price at 10 ETH (or just over $23,000)âafter being locked up and overlooked thanks to a now-defunct website.
CryptoPunks are some of the most valuable Ethereum NFTs around, even years after the market boom. This particular Punk was especially prized, as out of the total collection of 10,000 profile pics, it was one of only 24 that depicted an apeâan animal beloved across the NFT space. One of these rare variants just sold for nearly $1.5 million last week, making it the last comparable sale.
Especially during the height of the NFT market, some CryptoPunks were so valuable that they were sometimes fractionalizedâsegmented, or sharded, into smaller sharesâto allow many more investors to take partial ownership of one.
In the case of Punk #2386, its owner had fractionalized it through a short-lived website called Niftex. The NFT itself was locked in escrow on the Ethereum blockchain, and ownership rights were split into 10,000 ERC-20 tokens in 2020. Like other fractionalized NFTs, investors could buy and sell individual shardsâbut that became difficult to do after Niftex shuttered.
According to pseudonymous smart contract developer @0xquit on Twitter (aka X), Punk #2386 ultimately had 257 fractional holders. With the Niftex platform gone, however, the main way to trade fractional NFTs essentially left them in limbo.
Someone had their eye on Punk #2386, however, and because the smart contract remained valid on the blockchain, they were able to trigger a buyout feature and ultimately take ownership of the NFT for a fraction of its current value.
#NFTâ #TON #BNBChainMemecoins #scamriskwarning
"Heist" or just a brilliant play? CryptoPunk #2386 sold for a fraction of its market value thanks to a smart contract and an unexpected move.
The immutable nature of the blockchain was put in stark relief on Wednesday when CryptoPunk #2386, which is valued around 600 ETH (about $1.5 million), was acquired for a fraction of that price at 10 ETH (or just over $23,000)âafter being locked up and overlooked thanks to a now-defunct website.
CryptoPunks are some of the most valuable Ethereum NFTs around, even years after the market boom. This particular Punk was especially prized, as out of the total collection of 10,000 profile pics, it was one of only 24 that depicted an apeâan animal beloved across the NFT space. One of these rare variants just sold for nearly $1.5 million last week, making it the last comparable sale.
Especially during the height of the NFT market, some CryptoPunks were so valuable that they were sometimes fractionalizedâsegmented, or sharded, into smaller sharesâto allow many more investors to take partial ownership of one.
In the case of Punk #2386, its owner had fractionalized it through a short-lived website called Niftex. The NFT itself was locked in escrow on the Ethereum blockchain, and ownership rights were split into 10,000 ERC-20 tokens in 2020. Like other fractionalized NFTs, investors could buy and sell individual shardsâbut that became difficult to do after Niftex shuttered.
According to pseudonymous smart contract developer @0xquit on Twitter (aka X), Punk #2386 ultimately had 257 fractional holders. With the Niftex platform gone, however, the main way to trade fractional NFTs essentially left them in limbo.
Someone had their eye on Punk #2386, however, and because the smart contract remained valid on the blockchain, they were able to trigger a buyout feature and ultimately take ownership of the NFT for a fraction of its current value.
#NFTâ #TON #BNBChainMemecoins #scamriskwarning
careful scams !!!
that's me P2P on Kucoin..... trying to get a bank transfer my way USDT ---> THB. 10/09/24
#scamriskwarning #BNBChainMemecoins
that's me P2P on Kucoin..... trying to get a bank transfer my way USDT ---> THB. 10/09/24
#scamriskwarning #BNBChainMemecoins
I Warned You About FriendTech
Friendtech Rugged.
Here's the story of how friendtech became the #1 SocialFi app.
And how it experienced a downfall for the history books đ§”đ
(1/16)
Part 1: The early days.
0xRacer and Shrimppepe founded friendtech in August 2023.
It was during the bear market. The timeline was boring.
(2/16)
The concept was exciting:
Connect your X account.
Buy "shares" of your friends for access to an exclusive group chat. For each purchase and sale of your shares, you receive 5%.
The more shares, the more expensive they get.
(3/16)
Through this, friendtech had viral moments early on.
And "influencers" were incentivized to push it: Five to six figures in trading fees were not impossible for mid-sized creators.
And don't forget the invite codes.
(4/16)
Part 2: The Ponzi.
Friendtech changed the name from "shares" to "keys".
And quickly evolved from a simple SocialFi app to advanced trading.
Bots that sniped keys immediately after an account was created and a new strategy became the talk of the town:
(5/16)
The strategy was called (3,3), based on game theory.
The concept: I buy your key, you buy mine. We both make money.
(6/16)
Part 3: The peak.
This was another reason why top keys were suddenly worth >5 ETH.
Onlyfans models created accounts.
And for a moment it looked like friendtech really had product-market fit.
(7/16)
During this time, not only the top creators made a big bag, but also the team.
More than $60M USD in total fees.
Creators promised their key holders wild things, one even created a leaderboard for the top key holders and promised to split his airdrop between them.
(8/16)
Numerous copy cat platforms were created on other chains: Solana had friendzy, Avax had StarsArena.
People said it has the "potential to become the next Instagram".
And for a moment, it seemed to go up forever.
(9/16)
Part 4: The downfall.
Over time, however, interest waned.
Less activity, attention shifted, the only thing keeping it alive was the hope of an airdrop.
In early 2024 friendtech was nothing more than a distant memory for most.
(10/16)
The airdrop was a long time coming and after months of waiting it became more and more of a meme.
Trading volume on friendtech and key prices fell sharply.
Nobody was interested anymore.
(11/16)
Part 5: The end.
Then, in early May 2024, the airdrop actually happened.
Expectations were high after Paradigm - a VC famous for pumping tokens to big valuations - was announced as one of the investors.
(12/16)
All attention was on friendtech again. At least for a few days.
The FDV at launch was $1.5B USD and it actually ran to $2.5B USD.
But most instantly sold their airdrop and moved on.
A race to zero quickly began.
(13/16)
Together with the airdrop, friendtech shipped a product upgrade.
TLDR: "Clubs", which are linked more to topics than to creator.
But although some influencers bullposted it, there was never any real interest.
(14/16)
Yesterday, friendtech announced its end after a continued fall into irrelevance. Tokens and keys are now basically worthless.
(15/16)
Did you use friendtech? What can we learn from their downfall?
Let me know in the COMMENT.
That's it for today folks,
Thanks for reading! For more insightful crypto content,
Follow Me @Crypto PM
Stay updated with the latest trends and analyses in the crypto world!
#Friend.techćæŻéąæ” #FriendTech #friend.tech #scamriskwarning
Here's the story of how friendtech became the #1 SocialFi app.
And how it experienced a downfall for the history books đ§”đ
(1/16)
Part 1: The early days.
0xRacer and Shrimppepe founded friendtech in August 2023.
It was during the bear market. The timeline was boring.
(2/16)
The concept was exciting:
Connect your X account.
Buy "shares" of your friends for access to an exclusive group chat. For each purchase and sale of your shares, you receive 5%.
The more shares, the more expensive they get.
(3/16)
Through this, friendtech had viral moments early on.
And "influencers" were incentivized to push it: Five to six figures in trading fees were not impossible for mid-sized creators.
And don't forget the invite codes.
(4/16)
Part 2: The Ponzi.
Friendtech changed the name from "shares" to "keys".
And quickly evolved from a simple SocialFi app to advanced trading.
Bots that sniped keys immediately after an account was created and a new strategy became the talk of the town:
(5/16)
The strategy was called (3,3), based on game theory.
The concept: I buy your key, you buy mine. We both make money.
(6/16)
Part 3: The peak.
This was another reason why top keys were suddenly worth >5 ETH.
Onlyfans models created accounts.
And for a moment it looked like friendtech really had product-market fit.
(7/16)
During this time, not only the top creators made a big bag, but also the team.
More than $60M USD in total fees.
Creators promised their key holders wild things, one even created a leaderboard for the top key holders and promised to split his airdrop between them.
(8/16)
Numerous copy cat platforms were created on other chains: Solana had friendzy, Avax had StarsArena.
People said it has the "potential to become the next Instagram".
And for a moment, it seemed to go up forever.
(9/16)
Part 4: The downfall.
Over time, however, interest waned.
Less activity, attention shifted, the only thing keeping it alive was the hope of an airdrop.
In early 2024 friendtech was nothing more than a distant memory for most.
(10/16)
The airdrop was a long time coming and after months of waiting it became more and more of a meme.
Trading volume on friendtech and key prices fell sharply.
Nobody was interested anymore.
(11/16)
Part 5: The end.
Then, in early May 2024, the airdrop actually happened.
Expectations were high after Paradigm - a VC famous for pumping tokens to big valuations - was announced as one of the investors.
(12/16)
All attention was on friendtech again. At least for a few days.
The FDV at launch was $1.5B USD and it actually ran to $2.5B USD.
But most instantly sold their airdrop and moved on.
A race to zero quickly began.
(13/16)
Together with the airdrop, friendtech shipped a product upgrade.
TLDR: "Clubs", which are linked more to topics than to creator.
But although some influencers bullposted it, there was never any real interest.
(14/16)
Yesterday, friendtech announced its end after a continued fall into irrelevance. Tokens and keys are now basically worthless.
(15/16)
Did you use friendtech? What can we learn from their downfall?
Let me know in the COMMENT.
That's it for today folks,
Thanks for reading! For more insightful crypto content,
Follow Me @Crypto PM
Stay updated with the latest trends and analyses in the crypto world!
#Friend.techćæŻéąæ” #FriendTech #friend.tech #scamriskwarning
đš Is $TOMARKET and $BLUM Another Scamâïž
Lately, the buzz around $TOMARKET and $BLUM has many investors raising their eyebrows. Are these projects legitimate opportunities or just another trap in the crypto space? It's a question echoing through the minds of traders everywhere. Let's break it down!
đ What You Need to Know:
- Both $TOMARKET and $BLUM have made bold claims, promising massive returns and innovative solutions.
- However, concerns about transparency and vague roadmaps have raised red flags.
- The lack of a clear product or partnerships has left many wondering if these projects are truly worth the risk.
đĄ Our Take:
While the promises might sound appealing, itâs important to do your own research before diving in. Be cautious of hype-driven projects that lack a solid foundation. Scams often thrive on big promises and minimal delivery. Keep an eye on real use cases, community engagement, and project transparency before making any moves.
đž Final Thought:
In crypto, itâs better to be safe than sorry. Watch for signs of stability and avoid falling for FOMO. The best way to protect your investments is to stay informed and vigilant.
#scamriskwarning #ScamWarning #scammeralert #TON #BNBChainMemecoins
Lately, the buzz around $TOMARKET and $BLUM has many investors raising their eyebrows. Are these projects legitimate opportunities or just another trap in the crypto space? It's a question echoing through the minds of traders everywhere. Let's break it down!
đ What You Need to Know:
- Both $TOMARKET and $BLUM have made bold claims, promising massive returns and innovative solutions.
- However, concerns about transparency and vague roadmaps have raised red flags.
- The lack of a clear product or partnerships has left many wondering if these projects are truly worth the risk.
đĄ Our Take:
While the promises might sound appealing, itâs important to do your own research before diving in. Be cautious of hype-driven projects that lack a solid foundation. Scams often thrive on big promises and minimal delivery. Keep an eye on real use cases, community engagement, and project transparency before making any moves.
đž Final Thought:
In crypto, itâs better to be safe than sorry. Watch for signs of stability and avoid falling for FOMO. The best way to protect your investments is to stay informed and vigilant.
#scamriskwarning #ScamWarning #scammeralert #TON #BNBChainMemecoins
LIVECoinCrafterHadi
--
Blum Airdrops: Scam or Real? đ€
Blum Airdrops: Scam or Real? đ€
Airdrops have become a popular method for cryptocurrency projects to distribute tokens and create buzz. But with their rise, so have the number of scams disguised as legitimate airdrops. One airdrop that's been making the rounds is Blum Airdrops. But is it a real opportunity or just another scam?
What Are Airdrops? đ
Airdrops are free distributions of cryptocurrency tokens, often used by new projects to reward early adopters, incentivize participation, or simply spread awareness. Legitimate airdrops usually require minimal effort, such as signing up on a platform, following social media channels, or holding a specific cryptocurrency.
The Blum Airdrop: Whatâs the Buzz? đ§
Blum Airdrops have recently surfaced in various crypto communities, with promises of generous token distributions. Like many airdrops, it entices users with the potential of free tokens in exchange for completing simple tasks.
Red Flags đ©
Before diving into any airdrop, it's crucial to identify possible warning signs:Lack of Transparency: Legitimate projects typically provide detailed information about their team, whitepaper, and roadmap. Blum Airdrops, however, lacks clear and accessible information about its creators or the purpose behind the token distribution.Unrealistic Promises: If an airdrop is offering massive amounts of tokens for minimal effort, be cautious. Scams often lure victims by promising exaggerated returns.Suspicious Links and Requests: Be wary of any airdrop that asks for private information, such as your wallet seed phrase or personal details. These are clear indicators of a phishing scam.
Community Feedback: Always check what the broader crypto community is saying. If you see numerous warnings or complaints about Blum Airdrops, it's wise to steer clear.
How to Stay Safe đ
Research: Before participating, do thorough research. Look for reviews, check official channels, and ensure the project has a legitimate presence.Avoid Sharing Personal
Information: Never share your wallet's private keys or sensitive information with anyone claiming to represent an airdrop.
Use a Secondary Wallet: If youâre eager to participate, use a secondary wallet with minimal funds to mitigate potential losses.
Final Verdict:
Scam or Real? đ
While itâs impossible to label every new airdrop as a scam or legitimate without concrete evidence, the lack of transparency and the presence of red flags make Blum Airdrops highly suspicious. The safest approach is to avoid it altogether or proceed with extreme caution.In the world of crypto, if something sounds too good to be true, it often is. Always prioritize your security and make informed decisions. đđ
#BLUM #BlumAirdrop #BlumCrypto #CPI_BTC_Watch #CryptoMarketMoves
Airdrops have become a popular method for cryptocurrency projects to distribute tokens and create buzz. But with their rise, so have the number of scams disguised as legitimate airdrops. One airdrop that's been making the rounds is Blum Airdrops. But is it a real opportunity or just another scam?
What Are Airdrops? đ
Airdrops are free distributions of cryptocurrency tokens, often used by new projects to reward early adopters, incentivize participation, or simply spread awareness. Legitimate airdrops usually require minimal effort, such as signing up on a platform, following social media channels, or holding a specific cryptocurrency.
The Blum Airdrop: Whatâs the Buzz? đ§
Blum Airdrops have recently surfaced in various crypto communities, with promises of generous token distributions. Like many airdrops, it entices users with the potential of free tokens in exchange for completing simple tasks.
Red Flags đ©
Before diving into any airdrop, it's crucial to identify possible warning signs:Lack of Transparency: Legitimate projects typically provide detailed information about their team, whitepaper, and roadmap. Blum Airdrops, however, lacks clear and accessible information about its creators or the purpose behind the token distribution.Unrealistic Promises: If an airdrop is offering massive amounts of tokens for minimal effort, be cautious. Scams often lure victims by promising exaggerated returns.Suspicious Links and Requests: Be wary of any airdrop that asks for private information, such as your wallet seed phrase or personal details. These are clear indicators of a phishing scam.
Community Feedback: Always check what the broader crypto community is saying. If you see numerous warnings or complaints about Blum Airdrops, it's wise to steer clear.
How to Stay Safe đ
Research: Before participating, do thorough research. Look for reviews, check official channels, and ensure the project has a legitimate presence.Avoid Sharing Personal
Information: Never share your wallet's private keys or sensitive information with anyone claiming to represent an airdrop.
Use a Secondary Wallet: If youâre eager to participate, use a secondary wallet with minimal funds to mitigate potential losses.
Final Verdict:
Scam or Real? đ
While itâs impossible to label every new airdrop as a scam or legitimate without concrete evidence, the lack of transparency and the presence of red flags make Blum Airdrops highly suspicious. The safest approach is to avoid it altogether or proceed with extreme caution.In the world of crypto, if something sounds too good to be true, it often is. Always prioritize your security and make informed decisions. đđ
#BLUM #BlumAirdrop #BlumCrypto #CPI_BTC_Watch #CryptoMarketMoves
đš ALERT: Beware of Major Cryptocurrency Scams đš
The cryptocurrency market, while offering huge potential returns, has been hit with several scams over the years. Fraudsters are constantly coming up with new ways to trick investors. Here are some of the biggest scams in the crypto world:
FTX: This exchange collapsed in November 2022 after mishandling billions of dollars in customer funds. The founder, Sam Bankman-Fried, was sentenced to 25 years for fraud.
Luna and TerraUSD: In May 2022, these cryptocurrencies lost $60 billion, and their founder, Do Kwon, was arrested in March 2023.
QuadrigaCX: After the death of its founder Gerald Cotten in 2018, $215 million became inaccessible, and it was later revealed to be a Ponzi scheme.
Africrypt: In 2021, 70,000 BTC were stolen from investors, and the founders, Ameer and Raees Cajee, are under investigation for money laundering.
Other notable scams include **SafeMoon**, **Proodeum**, and **Pincoin**, which left investors with nothing after raising millions. **Celsius Network** paused withdrawals in 2022, filing for bankruptcy and owing $4.7 billion. **Centra Tech** and **Mining Max** also tricked investors with false promises, leading to major losses.
To protect yourself, always do thorough research and verify the people behind any project. Be cautious of offers that seem too good to be true. Being careful can help you avoid falling for these scams.
#scamriskwarning #TON #PowellAtJacksonHole #CryptoMarketMoves #BullBanter
The cryptocurrency market, while offering huge potential returns, has been hit with several scams over the years. Fraudsters are constantly coming up with new ways to trick investors. Here are some of the biggest scams in the crypto world:
FTX: This exchange collapsed in November 2022 after mishandling billions of dollars in customer funds. The founder, Sam Bankman-Fried, was sentenced to 25 years for fraud.
Luna and TerraUSD: In May 2022, these cryptocurrencies lost $60 billion, and their founder, Do Kwon, was arrested in March 2023.
QuadrigaCX: After the death of its founder Gerald Cotten in 2018, $215 million became inaccessible, and it was later revealed to be a Ponzi scheme.
Africrypt: In 2021, 70,000 BTC were stolen from investors, and the founders, Ameer and Raees Cajee, are under investigation for money laundering.
Other notable scams include **SafeMoon**, **Proodeum**, and **Pincoin**, which left investors with nothing after raising millions. **Celsius Network** paused withdrawals in 2022, filing for bankruptcy and owing $4.7 billion. **Centra Tech** and **Mining Max** also tricked investors with false promises, leading to major losses.
To protect yourself, always do thorough research and verify the people behind any project. Be cautious of offers that seem too good to be true. Being careful can help you avoid falling for these scams.
#scamriskwarning #TON #PowellAtJacksonHole #CryptoMarketMoves #BullBanter
The devs of Friend Tech have given up control over its smart contracts, moving the project to a zero Ethereum address.
The network is effectively dead - users make a minimum number of transactions, the token capitalization, which reached 200 million at its peak, is now less than 950k
A large fund, Paradigm, invested in this project.
Lessons
1. No one cares about fundamentals, the crowd doesn't need blockchain solutions, decentralization, people need gambling and money! It doesn't matter what they can earn money on!
2 Developers are here for money too! All solutions that have been presented in the last few years die within a year, and no one needs these solutions because in the 15th year of the crypto industry we still use even MasterCard or Visa to pay with supposedly cryptocurrency! Web3 as such does not exist yet!
3 Funds with their super analysts also lose crazy money investing in shitty startups!
#FriendTech #scamriskwarning
The network is effectively dead - users make a minimum number of transactions, the token capitalization, which reached 200 million at its peak, is now less than 950k
A large fund, Paradigm, invested in this project.
Lessons
1. No one cares about fundamentals, the crowd doesn't need blockchain solutions, decentralization, people need gambling and money! It doesn't matter what they can earn money on!
2 Developers are here for money too! All solutions that have been presented in the last few years die within a year, and no one needs these solutions because in the 15th year of the crypto industry we still use even MasterCard or Visa to pay with supposedly cryptocurrency! Web3 as such does not exist yet!
3 Funds with their super analysts also lose crazy money investing in shitty startups!
#FriendTech #scamriskwarning
New card for the cheater in#hamsterkombat24 . Guys please check if you also received these coins.#hamsterkombat24 #scamriskwarning #TON #LatestCryptoUpdate
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đšAlert! New Android malware steals private keys from screenshots and images
đŹAccording to a recent FBI warning, North Korean hackers are "aggressively targeting" the cryptocurrency industry with "well-disguised" attacks. A new Android malware called SpyAgent, discovered by computer security firm McAfee, can steal private keys stored in screenshots and images on the internal memory of smartphones.
More specifically, the malware uses a mechanism known as optical character recognition (OCR) to scan images stored on a smartphone and extract words from them. OCR is present in many technologies, including desktop computers, which can recognize, copy and paste text from images.
âïž McAfee Labs explained that the malware is distributed through malicious links sent by text messages. The cybersecurity firm broke down the process, starting with an unsuspecting user clicking on a link they received. The link redirects the user to a seemingly legitimate website and prompts them to download an app presented as trustworthy.
However, the app is the SpyAgent malware, and upon installation, it compromises the phone. According to the report, these fraudulent programs are disguised as banking apps, government apps, and streaming services.
Upon installing the apps, users are asked to give access permissions to contacts, messages, and local storage.
#RiskManagement #RiskControl #scamriskwarning
đŹAccording to a recent FBI warning, North Korean hackers are "aggressively targeting" the cryptocurrency industry with "well-disguised" attacks. A new Android malware called SpyAgent, discovered by computer security firm McAfee, can steal private keys stored in screenshots and images on the internal memory of smartphones.
More specifically, the malware uses a mechanism known as optical character recognition (OCR) to scan images stored on a smartphone and extract words from them. OCR is present in many technologies, including desktop computers, which can recognize, copy and paste text from images.
âïž McAfee Labs explained that the malware is distributed through malicious links sent by text messages. The cybersecurity firm broke down the process, starting with an unsuspecting user clicking on a link they received. The link redirects the user to a seemingly legitimate website and prompts them to download an app presented as trustworthy.
However, the app is the SpyAgent malware, and upon installation, it compromises the phone. According to the report, these fraudulent programs are disguised as banking apps, government apps, and streaming services.
Upon installing the apps, users are asked to give access permissions to contacts, messages, and local storage.
#RiskManagement #RiskControl #scamriskwarning
Solana Scam Alert: Permanent Delegate Function Used to Burn Tokens!!!
The scam:
Scammers on the Solana blockchain are exploiting a feature called the "permanent delegate function" to steal tokens from unsuspecting users. This function allows users to permanently delegate their voting rights to another account, essentially giving that account control over their tokens.
How it works:
 * Phishing: Scammers often use phishing tactics to lure victims into clicking on malicious links or downloading fake software.
 * Token Theft: Once a victim's wallet is compromised, the scammer can use the permanent delegate function to transfer control of the tokens to their own wallet.
 * Token Burning: The scammer then burns the stolen tokens, making them irretrievable.
Exchanges' Role:
Some exchanges have implemented warnings to alert users about this scam. However, not all exchanges have this feature. It's crucial for users to be vigilant and exercise caution when interacting with unknown sources or clicking on links.
#SolanaUSTD #scamriskwarning #Burn_Mechanism
Scammers on the Solana blockchain are exploiting a feature called the "permanent delegate function" to steal tokens from unsuspecting users. This function allows users to permanently delegate their voting rights to another account, essentially giving that account control over their tokens.
How it works:
 * Phishing: Scammers often use phishing tactics to lure victims into clicking on malicious links or downloading fake software.
 * Token Theft: Once a victim's wallet is compromised, the scammer can use the permanent delegate function to transfer control of the tokens to their own wallet.
 * Token Burning: The scammer then burns the stolen tokens, making them irretrievable.
Exchanges' Role:
Some exchanges have implemented warnings to alert users about this scam. However, not all exchanges have this feature. It's crucial for users to be vigilant and exercise caution when interacting with unknown sources or clicking on links.
#SolanaUSTD #scamriskwarning #Burn_Mechanism
NEWS: Scammers have found a new way to rug-pull Solana users by burning their tokens within seconds of purchase. This method uses an in-built Solana token extension to stealthily delete the victims' crypto holdings, leaving wallets empty despite confirmed transactions.
$SOL #scamriskwarning #Write2Earn!
$SOL #scamriskwarning #Write2Earn!
