Search results for: #Scam

News | 7 days ago
2 minutes read
Crypto Scammers Laundered Over $2 Billion Via DEXs in Three Years

Wash trading has accounted for about 13% of trading volume on decentralized crypto exchanges (DEX) since 2020. Scammers have manipulated more than 20,000 cryptocurrencies worth over $2 billion in three…

Author: CoinsPaid Media Editor
News | 1 month ago
< 1 minutes read
Scammers “Hosted” Over 95,000 Free Giveaways on Twitter In One Year 

Researchers identified 95,111 scam lists related to airdrops on Twitter. The analysis was carried out using an automated AI system.   The team of researchers from San Diego State University developed…

Author: CoinsPaid Media Editor
News | 1 month ago
3 minutes read
PayPal Launches PYUSD Stablecoin, Provoking Controversy and Activating Scammers

Payment system PayPal announced the launch of the PayPal USD (PYUSD) stablecoin. Within a day, the news led to the emergence of approximately 30 copycat tokens, with the trading volume…

Author: CoinsPaid Media Editor
News | 2 months ago
3 minutes read
Curve Finance Hacked, Its Founder’s CRV Scam Revealed

Several pools on Curve Finance were hacked, allowing hackers to withdraw more than $47 million from various DeFi projects. Curve DAO (CRV) quotes started to drop. Michael Egorov staged a…

Author: CoinsPaid Media Editor
News | 2 months ago
2 minutes read
Former Executives of FTX and Alameda Research Committed Biggest Financial Fraud in History

FTX representatives filed a lawsuit against former top executives of the bankrupt crypto exchange and its subsidiary, alleging that they not only misappropriated customer funds but also pulled off one…

Author: CoinsPaid Media Editor
Academy | 5 months ago
4 minutes read
Shitcoins: What Are They, and How Not to Fall for Scammers’ Tricks?

According to CoinMarketCap, as of April 6, 2023, there are over 23,000 different cryptocurrencies. More than 70% of them aren’t even worth $0.01. Yet, large centralized crypto exchanges (CEX) like…

Author: CoinsPaid Media Editor
News | 6 months ago
< 1 minutes read
Do Kwon Arrested, U.S. Attorney’s Office Pressed Charges

Do Kwon, CEO of the blockchain project Terra, was arrested in Montenegro, and shortly after that, the U.S. Attorney’s Office filed fraud charges against him. Extradition is under consideration.  Do…

Author: CoinsPaid Media Editor
News | 6 months ago
2 minutes read
One in Three American Crypto Users Fell Victim to Scam 

About a third of crypto users in the U.S. said they fell victim to scam schemes involving the theft of digital assets. And about the same number claimed to have…

Author: CoinsPaid Media Editor
News | 7 months ago
< 1 minutes read
Crypto Scammers Use ChatGPT for Pump & Dump

Blockchain security experts warn that there are “dozens” of scam tokens created using the hype around the ChatGPT chatbot.  Analysts at PeckShield reported that they discovered dozens of new tokens…

Author: CoinsPaid Media Editor
News | 7 months ago
2 minutes read
Scammers Actively Use Malware to Steal Crypto

Since December 2022, cryptojacking activity has increased due to new malware — MortalKombat and Laplas Clipper.  Research company Cisco Talos identified two new types of malware, MortalKombat ransomware and Laplas…

Author: CoinsPaid Media Editor