Indian police arrest Kunjathbail Mujib Sayyad in Mangalore for defrauding 50+ people through the “Max Crypto trading” ponzi scheme, promising returns via the MAX App. The scam raised ₹1.66 crore ($200,000) before vanishing. #CryptoScam #Update
Hackers hijacked @7NewsAustralia’s YouTube account, rebranding it as Tesla to stream deepfake videos of Elon Musk promoting a crypto scam, affecting 1.7M subscribers. Over 150K viewers were lured into a fake project using a QR code. #Cybersecurity #Update
Interpol’s Operation First Light spanned 61 countries, arresting nearly 4,000 people and seizing $257M in assets, $2M in crypto, and freezing 6,745 bank accounts. Advanced blockchain analytics were key. #CryptoScams #Update
? The Supreme Court rules 6-3 that the SEC (@SECGov) must grant defendants a jury trial in federal court for civil fraud cases, ending in-house trials. This change may impact regulatory efficiency and defendants’ rights. #FinancialRegulation
? On June 27, a hacker moved 500 BTC ($30M) from the DMM Bitcoin breach, sparking fears of a market dump. DMM Bitcoin had earlier reported a $300M theft. Japan’s FSA demands thorough investigation. $BTC #CryptoSecurity
Crypto scam ads persist on Facebook and X, despite legal actions by Martin Lewis and Andrew Forrest. The U.K. may impose fines of 10% of global revenue on social networks for failing to protect users. #Update #CryptoScams
? The FBI warns crypto scam victims: Fraudsters posing as lawyers are demanding upfront fees to recover lost funds. This scheme, netting $9.9M between Feb 2023-2024, exploits social media and fake websites. Stay vigilant. #CryptoScam #Update
? The official @Metallica account on X was hacked to promote a fake $METAL cryptocurrency token. False claims of partnerships with @Ticketmaster and @MoonPay were made. This scam mirrors a December 2022 incident. Stay vigilant! #Update #CryptoScam
21Shares partners with Zodia Custody to boost ETP security with 24/7 cold storage access. This move expands Zodia into Swiss and European markets, enhancing crypto asset management for institutional investors. #CryptoSecurity #Update
Billionaire investor @mcuban sold 14+ NFTs worth over $38,500 after a hacker compromised his Gmail account. Notable sales include Pudgy Penguins #6239 for $30,000. Cuban recovered his account by June 25. #Crypto #Update
North Korean hackers Lazarus Group likely behind a $4.3M attack on Bitcoin-focused defi platform ALEX Lab in May. ALEX Lab works with international law enforcement to recover funds and boost security. #CryptoSecurity #Update
The Ethereum Foundation’s mailing list was compromised on June 23, 2024, leading to phishing attacks. Tim Beiko reported the breach. A vulnerability in SendPulse is suspected. The Foundation regained control quickly. This highlights ongoing security threats in crypto. #CryptoSecurity
?Crypto Scam Alert: Over the weekend, a deepfake live stream of Elon Musk on YouTube scammed users out of $BTC, $ETH, and $DOGE. The stream, watched by 30,000+, promised double returns but was a fraud. #CryptoScam #Update
Bitcoin hits a new all-time high of $73,000 in March 2024, driven by spot Bitcoin ETFs and regulatory changes. The crypto market’s volatility underscores the importance of risk management and diversification. Nearly $4B lost to crypto fraud in 2023. #CryptoNews
