Beware: Trust Wallet Scam Clones on Xiaomi, Amazon
? Trust Wallet warns of scam apps on Xiaomi and Amazon stores. Download only from official App Store, Google Play, and Chrome Store links. Stay safe! #Crypto #Security
Crypto Security
Articles focusing on security measures, security breaches, preventive technologies, and best practices for safeguarding crypto assets.
Warning: AI Risks Mirror Crypto Dangers, Experts Say
Current and former @OpenAI employees warn about AI risks like misinformation and inequality. They urge for better oversight, similar to issues in the crypto sector. #AI #CryptoNews
US Investigates AI Monopoly Risks, Potential Impacts
US Antitrust Authority probes AI sector to prevent monopolies. Concerns include GPU shortages and control over data. $39B subsidy aims to boost GPU production. #AI #TechNews
Warning: Ferrum CTO Questions Ethereum’s Non-Security Status
SEC’s approval of spot $ETH ETFs signals mass adoption, but @FerrumNetwork CTO Taha Abbasi warns against assuming non-security status. Staking prohibitions could impact market appeal. #Crypto #Ethereum
Blockchain’s Future Impact: A Game Changer?
BlackRock and Citadel Securities invest $120M in Texas Stock Exchange, aiming to rival NYSE and Nasdaq. TXSE to cut compliance fees via blockchain tech. #Finance #TXSE
Bitcoin Exchange Raises $320M to Repay Hack Victims
Japanese crypto exchange @DMM_Bitcoin to raise $320M to refund victims of recent hack. Over 4,500 BTC lost. Compliance with regulations ensures full refunds. #CryptoNews #Bitcoin
DMM Bitcoin Exchange Announces Hack Compensation Plan
Japanese exchange @DMMBitcoin lost 4502.9 BTC ($320M) in a hack. To compensate users, DMM Bitcoin plans to buy the same amount from parent company @DMM_com by June 10, 2024. #CryptoNews #Bitcoin
Deepfake AI Scam Steals $2M from OKX User
Scammers have stolen $2 million worth of cryptocurrency assets from an OKX user using sophisticated deepfake AI techniques. The attackers exploited the identity of Lai Japanese Fang Chang, allegedly obtained from a leaked Telegram data breach. They accessed Chang’s OKX account through the “forgotten password” option and used deepfake videos to change his security settings, including his email, phone number, and Google authenticator. Within 24 hours, $2 million was drained from his account. OKX is helping the victim recover his account and has taken legal action against the attackers. This incident follows previous attacks on OKX, including a $430,000 exploit… Read More »Deepfake AI Scam Steals $2M from OKX User
Crypto Scams: Google’s Failure to Act on Deepfakes
A cybersecurity expert criticized Google for insufficient measures against crypto-targeted deepfakes involving Bitcoin and Elon Musk. Recently, scammers used a fake video of Musk on YouTube to steal cryptocurrencies, including Bitcoin, from unsuspecting users.
Floyd Mayweather Exposed: Another Crypto Scam Uncovered
Blockchain investigator ZachXBT accuses Floyd Mayweather of promoting another token scam, FLOYD, raising concerns. Mayweather’s history includes $600K fines and SEC charges. #Crypto #ScamAlert
Ukraine Exposes Major Crypto Investment Scam
Kyiv Prosecutor’s Office busts a crypto scam targeting EU investors, arresting 14 suspects. 40+ searches, 136 devices, and 1000 SIM cards seized. Millions lost. #CryptoFraud #Updates
Linea Vows Decentralization After Hacker Halt
Ethereum’s layer-2 Linea halted block production to stop a $7M hack on Velocore, exposing its centralization issues. Teams work on post-exploit security. #Cryptocurrency #Ethereum
Hong Kong Police Bust Crypto Scam with Fake Money
Hong Kong police seized 3,396 counterfeit notes worth HK$2.55M linked to crypto scams. Three arrests made, highlighting a surge in cryptocurrency crimes. Public urged to report fake currency. #CryptoCrime #HongKong
Frax Finance Founder Claims Hacker Stole X Account
Frax Finance founder Sam Kazemian reports an insider hacked their X account, affecting the FRAX USD-pegged stablecoin. Blockchain sleuth ZachXBT confirms it’s likely a social engineering breach. #CryptoSecurity #BlockchainNews