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
Security
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
Crypto Chaos: CZ Arrested, Scams Rampant
Binance’s Changpeng Zhao starts jail term; Cathie Wood defends Bitcoin’s value at Consensus 2024. $25M from @a16zCrypto boosts Fairshake PAC. South Korea forms crypto scam task force. #CryptoNews #Updates
**Velocore DEX Hack Drains $10M, Linea Resumes**
Velocore DEX, built on zkSync and Linea, was hacked for $10M. Linea paused operations briefly. Velocore collaborates with security experts to recover funds. #CryptoHacks #BlockchainSecurity
Crypto Fraud Surges: Hong Kong Reports Spike
Hong Kong sees a rise in crypto fraud cases, from 2,336 in 2022 to 3,415 in 2023, involving HK$4.33B. Regulatory measures aim to protect investors and bolster financial hub status. #CryptoNews
Coinbase Alerts: Rising Deepfake Scams in Crypto
Coinbase warns of rising deepfake scams targeting crypto executives like @brian_armstrong. Enhanced security measures, including vaults and passkeys, are crucial. Stay vigilant! #CryptoScams #SecurityUpdates
DMMBitcoin Recovers After $308M Hack
⚠️ Japanese crypto exchange @DMMBitcoin lost 4,502.9 BTC ($308M) in a major hack. Users will be fully reimbursed, highlighting risks of centralized custody. $BTC #CryptoNews
DMM Bitcoin Hack: Japanese Exchange Loses $303M
Japanese crypto exchange @DMM_Bitcoin reports a $303M theft of 4503 BTC due to a hack. Trading is suspended; users to be compensated. Highlights persistent security issues in crypto. #CryptoNews
Massive DMMBitcoin Hack: $300M in Bitcoin Stolen
DMM Bitcoin suffered a major breach on May 31, losing 4,502.9 BTC worth $305M. The exchange assured customers that all deposits are guaranteed. #Cryptocurrency #BitcoinNews
Indian Cop Arrested for $200K Bitcoin Theft
Indian cop Chandrahar SR arrested for stealing Bitcoin worth $216K during a 2017 crypto scam probe. Charged with illegal confinement and breach of trust. #CryptoCrime #Bitcoin
Terraform Labs Settles SEC Fraud Case; LUNA Surges 20%
Terraform Labs led by Do Kwon agrees to settle fraud charges with SEC. Following the news, $LUNA’s price surged 20%. This could impact the crypto sector’s stability. #CryptoNews #Updates