#5 “Worst” Rug-Pulls in Crypto
According to a 2022 report from blockchain risk monitoring firm Solidus Labs, more than 117,000 scam tokens were deployed in the year up until December, a 41% increase from 2021. As a matter of fact, 15 new scam tokens are detected every hour, and almost 2 million investors have lost funds to rug pulls.
Learn More
Bitrace warns of new crypto scam using QR codes
According to a social media post by blockchain analysis firm Bitrace, scanning the wrong QR code could drain your wallet.
Bitrace is warning of a new type of crypto scam “where theft is carried out through a payment QR code transfer test, essentially deceiving users into authorizing wallets.”
Learn More
FBI’s crypto warning as India, Australia join global crackdown: ‘Fraud alert!’
Recently, the Enforcement Directorate (ED), an Indian investigation agency, raided the cities of Leh, Jammu, and Sonipat on the 2nd of August, seizing Rs 1 crore and documents tied to a fraudulent cryptocurrency scheme.
