Gemholic project in the #zkSync Era accused of a $3.5M rug pull, withdrawing 921 ETH after fixing a smart contract issue. @SolidProof_io faces criticism for failing to address the fraud. #CryptoScam
Hackers are escalating attacks in 2024, with RansomHub breaching Christie’s & Frontier Communications. ShinyHunters exposed data on 560M users from Banco Santander & Ticketmaster. #CyberSecurity #DataBreach
Norway recovers $5.7M of stolen crypto from the Ronin bridge hack on Axie Infinity. 85% will go to the Axie Infinity treasury. Collaboration with @FBI and @chainalysis highlights cybercrime fight. #Cybersecurity #CryptoNews
? 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
New York AG Letitia James sues crypto firms NovaTechFx and AWS Mining for allegedly defrauding 11,000+ individuals out of $1B in a pyramid scheme targeting immigrant communities. #CryptoFraud #NYAG
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 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
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
Chinese student Yang Qichao sentenced to 4.5 years for $50K crypto fraud involving Blockchain Future Force token on BNB Chain. Fined 30,000 yuan. Highlights need for stricter regulations. #CryptoNews #Blockchain
Chinese student Yang Qichao sentenced to 4.5 years for $300K cryptocurrency fraud involving BFF token on BNB Chain. His conviction highlights the urgent need for stricter crypto regulations. #CryptoNews #BNB
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
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
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
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
