BlackRock warns of a surge in scams using its name, urging users to be vigilant. Red flags include payment requests, guaranteed returns, and urgency. Official communications never use WhatsApp or Telegram. Verify authenticity and avoid sharing personal info. #ScamAlert
Elliot Gunton, 20, was sentenced to 43 months for stealing $900,000 from Coinbase users via fake sites. The phishing scheme affected over 500 accounts, with one victim losing $16,000. Gunton pleaded guilty to fraud and money laundering. Phishing remains a major crypto theft issue.
Heather Morgan, aka Razzlekhan, was seen at the Bitcoin 2024 conference in Nashville, despite pleading guilty to the 2016 Bitfinex hack. Morgan’s presence at multiple Bitcoin events raises questions about her freedom before sentencing. #CryptoNews
BlackRock warns of rising crypto scams after launching its Spot Ethereum ETF on July 23. Scammers impersonate the firm on social media and messaging apps, using sophisticated tactics like phishing and fake documentation to deceive investors. #CryptoScams #Update
Blockchain platform Casper Network faced a significant security breach on July 27, 2024, leading to a precautionary halt of operations. Despite this, CSPR trading continues on exchanges, though at a 15% decline. The breach underscores ongoing crypto platform vulnerabilities. Updates are forthcoming.
WazirX’s new “socialized loss strategy” post-hack lets users access 55% of assets, locking 45% in USDT. Users choose between two options for recovery, with 62% preferring staggered withdrawals. Critics call it a scam. #CryptoNews
Excerpt: Elizabeth Warren warns that one-third of U.S. crypto-mining facilities are Chinese-owned, posing national security risks. She cites potential espionage and cyberattack threats, urging stronger legislation.
Sen. @ewarren warns of national security risks from foreign-owned crypto mining firms, noting one-third are Chinese-owned. A 2024 divestment order targets MineOne near a U.S. Air Force base for potential espionage. #NationalSecurity #CryptoMining
Russian ransomware groups, including @Lockbit and BlackCat/ALPHV, raked in $500M in crypto in 2023. Over 80% of sanctioned crypto volume tied to Russia-based exchange Garantex, aiding military equipment purchases for Ukraine conflict. #CyberSecurity
Russian ransomware groups raked in $500M+ in crypto in 2023, says TRM Labs. Lockbit hit Boeing, while BlackCat/ALPHV attacked MGM. Russia-based Garantex handled 80% of sanctioned crypto volumes, funding military gear from China. New bills may let Russia use crypto for trade. #CryptoNews
Russian ransomware groups generated over $500M in crypto in 2023, per TRM Labs. Lockbit and ALPHV/Black Cat targeted Boeing & MGM, earning $320M. 80% of sanctioned crypto transactions were via Russia’s Garantex. #CyberSecurity
? On July 25, @zachxbt flagged Sorta Finance, an Arbitrum-based lending protocol, as a suspected exit scam. Linked to past rug pulls, Sorta Finance has ties to a group that has stolen over $25M. #BlockchainSafety #Update
Interpol issues a red notice for Hong Kong crypto promoter Wong Ching-kit, aka “Coin Young Master,” over a $384,000 crypto fraud and theft case. He’s been wanted since 2019 for a deceptive crypto mining scheme. #CryptoFraud #Update
Worldcoin partners with JPMorgan-backed Elliptic to enhance compliance and fight money laundering. The integration benefits over 10M users in 160 countries. Despite the news, $WLD dips 5.28% to $2.28. #CryptoNews
