Exchanges
Binance launches anti-scam campaign in collaboration with law enforcement agencies
Binance carried out an initial pilot phase of the program in Hong Kong in collaboration with the local police force.
Assad Jafri 2 min read
Scams News
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Crime
Arbitrum-based DEX ArbiSwap rugs users days after launch – token down 99%
Based on on-chain data, the Arbi rug pullers stole roughly 84 ETH from the project and already moved it to Tornado Cash.
Scams
Tokens fraudulently using the name ChatGPT are scamming investors out of money
Leveraging viral interest in OpenAI's ChatGPT, scammers are introducing tokens via honeypot scams designed to fool investors.
Latest Scams News & Analysis
NFTs
Friendsies NFT collection rug pulls, deactivates Twitter
Approximately $5 million was raised from the initial sale of the NFTs in 2022, prompted by many of the industry's biggest influencers
Regulation
Kraken and Custodia Bank CEOs say regulators ignored their warnings about scams and fraud
Jesse Powell and Caitlin Long said that trying to do the right thing by warning regulators of possible scams blew up in their faces.
Scams
Almost 25% of tokens launched in 2022 resemble P&D schemes
Chainalysis report revealed 24% of tokens launched in 2022 experienced a significant price decline within the first week of launch.
Hacks
Crypto lost $2.77 billion to hacks, exploits in 2022
Nearly half of this amount was stolen through diverse methods including dodging verification, crowd looting, and market manipulation.
Scams
Korean authorities confirm search for Do Kwon
Korean authorities confirmed traveling to Serbia in search of Do Kwon last week, but did not comment further.
Scams
UK home to hundreds of companies running crypto, forex scams
The U.K. government pledged to "tighten the rules, including the introduction of a requirement to verify information provided to Companies House" to more effectively combat the fraudulent activities.
