Korean news giant Chosun Ilbo accused of supporting $3 billion KOK crypto scam

Victims of the KOK crypto scam have called out South Korea’s largest daily newspaper for promoting the fraudulent scheme, which led to at least $2.97 billion in losses. According to an Ajlu press report, a coalition of victims has accused…

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Binance Says It Helped India's Enforcement Directorate Trace $47.6M Related to a Gaming Scam

Binance, the world's largest cryptocurrency exchange, has helped India's Enforcement Directorate (ED), the authority investigating financial crimes, in the arrest of four individuals in a gaming scam worth $47.6 million, the exchange said on Wednesday.

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Crucial Scam Alert by Binance: Withdrawal Addresses in Danger

Binance (BNB), world's largest crypto exchange, releases statement regarding super-dangerous scam

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MicroStrategy’s X account hacked, $440k drained from victims via fake MSTR airdrop

Hackers breached MicroStrategy’s X account, sharing a scam link that led to the theft of nearly $500k in crypto. MicroStrategy, the world’s largest corporate Bitcoin holder, fell victim to a cyberattack on its X account on Feb. 26, with hackers…

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54% of Ethereum tokens show pump-and-dump traits: Report

Over half of ERC-20 tokens launched in 2023 showed patterns of scams. Interactions with these scam tokens have been kept under 2%. Ethereum [ETH] is the largest decentralized finance (DeFi) The post 54% of Ethereum tokens show pump-and-dump traits: Report appeared first on AMBCrypto.

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Tencent’s AI leviathan, $83M scam busted, China’s influencer ban: Asia Express

Tencent builds the largest AI LLM model ever, South Korean authorities bust $83M crypto scam.

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Crypto Romance Scam In The Air: Minnesota Man Loses $9M

A Minnesota resident falls victim to the largest cryptocurrency scam in the state, losing $9 million to a LinkedIn contact.

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Victim Loses $9.2 Million in Minnesota’s Largest Crypto Fraud on Record

Minnesota man loses $9.2 million in crypto scam.

The post Victim Loses $9.2 Million in Minnesota’s Largest Crypto Fraud on Record appeared first on BeInCrypto.

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Woman Loses $8 Million In Crypto Scam, But Court Says Binance Is Not Liable

A United States District Judge, Amos Mazzant, has ruled that Binance, the world’s largest cryptocurrency exchange by client count, is not liable for the loss incurred by a Texan woman named Divya Gadasalli who lost $8 million in a pig butchering scheme.

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KuCoin’s Twitter account briefly compromised, $22,000 stolen from users

KuCoin says compromise of Twitter account lasted about 45 minutes, with users clicking on malicious links losing over $22,000. On-chain data shows largest loss was $7,750 in ETH. KuCoin has announced it will reimburse those who fell victim to the scam.

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BNB Chain closes 2022 as the 2nd most preferred blockchain for DeFi projects

BNB Chain has the second largest TVL after Ethereum. 12% of the tokens on BNB Chain are scam tokens. A hardfork upgrade is expected in 2023, which will integrate the staking economy onto BeaThe post BNB Chain closes 2022 as the 2nd most preferred blockchain for DeFi projects appeared first on AMBCrypto.

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All there is to know about the 41% rise in crypto 'scam tokens' in 2022

The year 2022 saw the formation of more than 350 crypto scam tokens created per day BNB Chain witnessed the largest number of scam tokens  According to a 2022 Rug Pull report published by SThe post All there is to know about the 41% rise in crypto 'scam tokens' in 2022 appeared first on AMBCrypto.

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New Dogecoin Scam Making Rounds on Twitter

The holders of Dogecoin have been warned that there is no customer support for the largest meme coin

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This Eccentric Scam Targeting Uniswap (UNI) Users Netted Malefactors $30K Per Day

Don't try to outsmart largest Ethereum (ETH) DEX with free instructions from YouTube tutorials

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Okcoin (OKEx) Exchange Review – Safe or Scam Exchange?

OKCoin is a Chinese-based exchange that was founded in 2013 and is currently one of the most dominant players on the Bitcoin trading scene and one of the largest cryptocurrency exchanges. It is a digital trading platform which provides spot trading of digital currencies and fiat currencies to customers worldwide.

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LocalBitcoins.com Review – Is It Scam or Legit?

LocalBitcoins is a very interesting Finland-based cryptocurrency and bitcoin exchange. It is the largest peer-to-peer service, which means that in LocalBitcoins people from all around the world can exchange their local currency for Bitcoins.

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Deribit Review – Is Deribit Scam or Legit And Safe For Trading?

What is Deribit? Netherlands-based exchange Deribit is completely focused on options and futures trading, spot trading is not available on this exchange. The exchange offers up to 100x leverage when trading Bitcoin futures which is one of the largest leverages in the crypto market (Primebit offers 200x as the top provider in terms of leverage).

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Crypto Pyramid Scam: DOJ Charges Mining Capital Coin CEO In $62M Fraud Scheme

The US Department of Justice charged Mining Capital Coin’s senior executive officer with conspiracy to commit a $62 million crypto investment scam. According to the DOJ complaint, Luiz Capuci and unnamed co-conspirators deceived investors over the profit-generating potential of MCC mining packages and a native token called Capital Coin, which was backed by the “largest […]

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SCAM ALERT: Terra Community Identified Malicious Clone of Large DeFi

Phishing scammers target users of third largest DeFi of Terra (LUNA) ecosystem, Astroport

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Ponzi Scam: BitConnect’s Indian Founder Charged In $2.4 Billion Bogus Scheme

A federal grand jury in San Diego charged the founder of a cryptocurrency startup Friday in a broad indictment that claims he cheated investors of more than $2. 4 billion in a Ponzi scam. Prosecutors say the fraud is the largest of its sort ever prosecuted criminally.

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Binance CEO Changpeng Zhao alerts users of an SMS phishing scam

The CEO of Binance, the world’s largest cryptocurrency exchange platform, has warned its users against a massive SMS phishing scam. The CEO noted that users were receiving an SMS message looking to harvest credentials.

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This Bitcoiner Just Lost 26 BTC Worth Over A Million Dollars To A “Michael Saylor Giveaway” Scam

A user has lost over $1 million in Bitcoin to crypto scammers.   The fraudsters posed as Michael Saylor and offered to multiply tokens sent to them.   It represents the single largest payment made to this kind of scheme.

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Deribit Review 2022 – Is Deribit Scam or Legit And Safe For Trading?

What is Deribit? Netherlands-based exchange Deribit is completely focused on options and futures trading, spot trading is not available on this exchange. The exchange offers up to 100x leverage when trading Bitcoin futures which is one of the largest leverages in the branche (Primebit offers 200x as the top provider in terms of leverage).

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LocalBitcoins.com Review 2022 – Is It Scam or Legit?

LocalBitcoins is a very interesting Finland-based crypto currency exchange. It is the largest peer-to-peer service, which means that in LocalBitcoins people from all around the world can exchange their local currency to Bitcoins.

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Former US President Trump Still Doesn’t Like Bitcoin, Launches Fresh Attack On BTC

Former US President Donald Trump is once again taking aim at the world’s largest cryptocurrency. Speaking with Stuart Varney on Fox Business today, Trump described bitcoin as a “scam” and insinuated that it’s just another currency competing with the United States dollar.

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LocalBitcoins.com Review 2021 – Is It Scam or Legit?

LocalBitcoins is a very interesting Finland-based crypto currency exchange. It is the largest peer-to-peer service, which means that in LocalBitcoins people from all around the world can exchange their local currency to Bitcoins.

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Deribit Review 2021 – Is Deribit Scam or Legit And Safe For Trading?

What is Deribit? Netherlands-based exchange Deribit is completely focused on options and futures trading, spot trading is not available on this exchange. The exchange offers up to 100x leverage when trading Bitcoin futures which is one of the largest leverages in the branche (Primebit offers 200x as the top provider in terms of leverage).

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BitMEX Sees Largest Single-Hour Bitcoin Outflows Ever Following CFTC Charges

BitMEX has long been a source of polarization within the crypto industry. Despite many traders blaming it for the so-called “scam wicks” and immense volatility within the crypto markets, it remained the largest and most widely used Bitcoin trading platform.

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Binance Is Hurting Crypto Investors With Rushed Scam Coin Listings, Says Crypto Whale

As the world’s largest cryptocurrency exchange by trading volume and liquidity, Binance is also renowned for responding fast to market dynamics and increasing investor trading options on its platform.

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Darknet’s Largest Marketplace Still Offline; Fears of Exit Scam Rise

Empire Market, the darknet's most popular marketplace by site traffic, was suddenly taken offline on Aug. 22.

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Another XRP giveaway scam goes live - YouTube, where art thou?

Ripple Foundation with CEO Brad Garlinghouse believe in the future of cryptocurrency, so we make the largest airdrop on history for 100,00,000 XRP - Visit: www.xrpgirft.org  Yeah, that's how the lThe post Another XRP giveaway scam goes live - YouTube, where art thou? appeared first on AMBCrypto.

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Wells Fargo Advisors Facing Class-Action Lawsuit for Facilitating $35 Million Crypto Ponzi Scam

In a crypto Ponzi scam that saw 150 US investors lose $35 million, Wells Fargo Advisors has been mentioned in a class-action lawsuit filed by the victims. Wells Fargo Advisors is a subsidiary of Wells Fargo and ranked as number nine in the list of the largest brokerage firms in the United States. The firm […]

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LocalBitcoins.com Review 2020 – Is It Scam or Legit?

LocalBitcoins is a very interesting Finland-based crypto currency exchange. It is the largest peer-to-peer service, which means that in LocalBitcoins people from all around the world can exchange their local currency to Bitcoins.

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Bitfinex Review 2019 – Is It Safe and Legit Or a Scam?

Bitfinex is a full-featured cryptocurrency exchange that is trusted by millions of traders all around the world. The company first entered the market in 2012, and has enjoyed steady expansion ever since.

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OneCoin Lawyer Stands Trial for Role in Multi-Billion Dollar Crypto Scam

A lawyer who is believed to have laundered money associated with the OneCoin crypto scam is currently standing trial in New York. Mark Scott allegedly used offshore investment vehicles to take as much as $400 million out of the US on behalf of the company.

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LocalBitcoins.com Review 2019 – Is It Scam or Legit?

LocalBitcoins is a very interesting Finland-based crypto currency exchange. It is the largest peer-to-peer service, which means that in LocalBitcoins people from all around the world can exchange their local currency to Bitcoins.

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Binance CEO Denies Any Connection To Cloud Token Ponzi Scam Claiming to Speak at Consensus Event

Binance, the largest crypto exchange in the world, has recently been accused of having relations with a prominent Ponzi scheme known as Cloud Token. According to a recent tweet made by Alex Saunders, one of the people linked to the company, a man named Ronald Aai, affirmed that he was a panelist in a recent […]

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Bitcoin could be dumped in the billions from history’s third largest Ponzi

The third largest Ponzi scam in history, Plus Token Wallet, allegedly scammed investors out of $3 billion in cryptocurrency. Over $2. 1 billion of this is in Bitcoin. As the perpetrators make their exit these coins could flood the market and tank prices.

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Cryptocurrency scammers have netted $4.26B so far this year, report

Cryptocurrency scammers continued to swindle funds throughout Q2 2019, netting approximately $4. 26 billion so far this year. According to CipherTrace latest report, insider thefts were by far the largest offenders, netting massive loses on investors and cryptocurrency exchange users.

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Polish Cryptocurrency Exchange Coinroom Exit Scams With Customer Funds

By CCN: Coinroom, one of the largest cryptocurrency exchanges in Poland, has suddenly closed down its services in April as part of an exit scam that had left thousands of customers as victims. According to the Polish media outlet Money.

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Ethereum’s Vitalik Buterin says, ‘Bitcoin SV is a complete scam; Binance has a lot of power’

Recently, Vitalik Buterin, the creator of Ethereum [ETH], the leading smart contract platform and the second largest cryptocurrency, spoke about Bitcoin SV and the famous episode of the coin being delisted from Binance.

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Infographic: An Overview of Compromised Bitcoin Exchange Events

The purpose of this infographic is to visualize the size of large cryptocurrency hacks that have occurred in the past as if they all happened today. The hacks included in this infographic extend beyond exchanges, as there were other large entities that experienced cryptocurrency hacks, such as marketplaces like Silk Road 2.

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Bitcoin Breaks $8,000: Four Factors Behind the Rally

This article was originally published by 8btc and written by Lylian Teng. The bitcoin price has broken $8,000 for the first time since July 2018, with most cryptocurrencies trading in the green.

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JP Morgan Chase Bank is Going All In on Blockchain as JPM Coin Looks to Be Just the Start

About a year and a half back, JP Morgan CEO, Jamie Dimon had criticized Bitcoin by calling it a scam while during that time JPM Securities was one of the largest buyers of a Bitcoin-related ETP traded in Scandinavia.

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Darknet Users Claim Wall Street Market Exit Scammed The Community For Over $30 Million

According to some reports, the darknet market (DNM) users that moved from Dream to the Wall Street marketplace have been exit scammed for over $30 million in virtual currencies held in escrow. Users And Vendors Complain About A Possible Exit Scam The largest darknet market on the deep web called Dream market shut down its […]

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Where’s My Tesla? Justin Sun Refuses to Honor Competition Winner

Justin Sun, Founder and CEO of the 11th largest market cap coin TRON, has faced huge criticism for a botched competition, which saw the winner of a brand new Tesla car publicly announced and then swiftly revoked, leaving confusion for the winner, and many accusing Sun of running a scam.

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Most of Bitcoin’s Trading Volume is FAKE: Time to Wake the F*** Up?

Hands up, anyone who is surprised that a little-known crypto exchange that apparently had the largest bitcoin trading volume on CoinMarketCap has been exposed as a wash trading scam platform. In the world of crypto where apparently everyone made it to Lamboland during the 2017 bull run, and absolutely everybody knew when to sell, no one will admit that they have been played.

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While Regulators Focus on Bitcoin, Russia’s Largest Private Bank Laundered $9 Billion

A group of investigative journalists uncovered a $9 billion money laundering scam rooted from Russia’s largest private bank and unsurprisingly, it doesn’t involve Bitcoin. The scheme, which enabled perpetrators to funnel billions from shell companies to the global banking system, was exposed by the Organized Crime and Corruption Reporting Project (OCCRP) with assistance from the Guardian.

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Exit Scam? Mismanagement? Coinbase Digs Into Failed Crypto Exchange QuadrigaCX’s ‘$150 Million Loss’

Brian Armstrong, the CEO of Coinbase, one of the world’s largest crypto exchanges, said that the company conducted internal research on the QuadrigaCX case. QuadrigaCX has been claiming that Gerald Cotten, its CEO, passed away with sole control over its cold wallets containing $150 million in various cryptocurrencies including Bitcoin and Ethereum.

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