You won’t believe the depths to which crypto scammers on Twitter are willing to sink

Twitter doesn’t seem able to move fast enough to stop thieves from grossly misusing their platform. Last Friday night, crypto YouTuber Ivan on Tech messaged me on Twitter.

Beware: Fake Uniswap (UNI) Token Giveaways Already Roaming the Internet

A day after Uniswap released its governance token, scammers have used the momentum to host a myriad of fake UNI giveaways on YouTube by impersonating Uniswap's creator. The post Beware: Fake Uniswap (UNI) Token Giveaways Already Roaming the Internet appeared first on CryptoPotato.

Who owns more Bitcoin: Winklevoss Twins, Mt. Gox or Plus Token Scammers?

And how much did Satoshi Nakamoto contribute to the 'Zombie' fund? Blockchain Center has compiled data for some of the biggest Bitcoin (BTC) hodlers — from the Winklevoss twins to various scammers and hackers, and even “zombie coins”.  Allegedly, the twins own 150,000 BTC, which places them between the Bitfinex hackers, who own 120,000 BTC, and the Mt.

Ethereum Scammers Target Indian Prime Minister in Twitter Hack

An account used by Narendra Modi to source relief payments and donations sent out a crypto address for accepting payments today.

Crypto Investment Fraud Generates $27 Million, SEC Charges Scammers Posing as Pastors

The US Securities and Exchange Commission filed a complaint against three men posing as pastors who defrauded churchgoers in a cryptocurrency Ponzi scheme.

Scammers Pose as Religious Workers in $27 Million Crypto Fraud, Alleges SEC

Charity scams operating under the guise of religion are common enough.

Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key Institutions

With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge.

Waterloo residents have lost $430K to crypto scams this year

Bitcoin scammers have thus far proven to be unstoppable in Canada. Waterloo, Ontario is the first Canadian city to issue a general warning after 78 residents were duped by crypto scammers in 2020. According to Global News, Waterloo residents have lost more than $430,000 so far this year, with 29 of the 78 falling victim in July alone.  As previously reported, fraudsters have been impersonating government officials, asking victims to deposit money in various Bitcoin (BTC) ATMs under the threat of legal ramifications.  Scammers told one resident that more than 25 bank accounts had been opened under his name, and then used to launder money.

Youtuber Explains How Crypto Scammers Took Control of His Account

It’s not your traditional malware scam. The modus operandi of crypto scammers differ in each case as it happens with the rest, but this time, a popular Youtuber who has 2.43 million subscribers explained on August 20 how his channel was seized by hackers to launch an XRP fake giveaway campaign. According to a video published by David Damasceno, who runs Universo Curioso, cybercriminals took control of his account after receiving a contact request from an individual offering him a video editing tool. The fake software was called Zenium Editor, which also handles advertising revenues, and when Damasceno downloaded and installed the app, the damage has been done.

XRP Crypto Scammers Seize 2.5m-sub YouTube Account, Start Live-streaming

Source: Adobe/filins (edited by Cryptonews) 2020 is becoming the year of the social media crypto scam hackers after raiders took control of the YouTube accounts belonging to a 2.43 million-subscriber Brazilian channel – filling it up with videos promoting an XRP scam. In a video from UniversoCurioso, the channel’s operator David Damasceno explained that hackers obtained access to his YouTube

Billionaire Chris Kirubi Warns Followers of Bitcoin Scammers Impersonating the Kenyan Tycoon

Dr Chris Kirubi continues fighting against Bitcoin scams using his name as an endorsement.

US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme

US prosecutors have recently indicted a group of investment scammers who have orchestrated a cryptocurrency mining fraud following a Ponzi scheme protocol.

Fake Tokens Continue to Plague Uniswap

The growing popularity of Uniswap is continuing to attract scammers, with fraudulent coins impersonating token sales for top crypto projects. Fake coins continue to plague decentralized exchange Uniswap, with prominent crypto projects associated with upcoming token sales reporting impersonators trading on the platform. On August 19, upcoming decentralized finance (DeFi) lending protocol Teller Finance tweeted that a fake Teller token and Uniswap pool had been created. “Teller Labs has not made any official announcements on any potential, planned, or upcoming token launches.” The highly anticipated NEAR Protocol token sale also attracted impersonation scams in the lead-up to its commencement last week, tweeting that any NEAR tokens not officially sanctioned: “The only place for official word of NEAR tokens is near.org/tokens.

1,543,000 XRP Stolen by Scam Artists on YouTube, 60% of Victims Use Coinbase: Report

Scammers have stolen 1.543 million XRP through fraudulent videos on YouTube, according to the ledger tracking firm Xrplorer.

From Call Centers to Cryptos: India’s Scammers Don't Seem to Stop

As cryptos gain ground in India and Bitcoin price spikes, Indian scammers are likely to make the most of the opportunity. India is the hub for call center scams.

Mobile Crypto Scam Targets Wealthy Indian Investors

Scammers are going to greater lengths than ever to acquire other people’s crypto. A new cryptocurrency scam in India is targeting wealthy individuals using a fake mobile app. According to India TV News, cybercriminals are targeting high income individuals across India.

Polish Financial Watchdog Impersonated by Crypto Scammers

The PFSA warns scammers are asking people to send cryptos to verify a transaction’s legality before depositing them in a fake investment fund. The Polish Financial Supervision Authority, or PFSA, issued a warning on the surge of scammers offering fake crypto investment opportunities, which they claim to be the only authorized investment fund in Poland. The scammers call potential victims by asking them to sell or buy cryptocurrencies through the fake fund, but first, they should send the cryptos to the PFSA compliance team’s wallet to verify the legality of the transactions and then, the regulator clears the payment to be deposited in the unexistent fund. The watchdog has been aggressive towards crypto in the past few years and added the following reminder to Polish citizens: "We would like to remind you that the cryptocurrency market in Poland is not a regulated or supervised market.

Bitcoin Scammers Rebrand Jon Prosser’s YouTube Channel as ‘NASA’

YouTube took down Jon Prosser’s channel with 262K subscribers after hackers used it to promote a free Bitcoin giveaway scam. Scammers have conned more YouTube viewers into sending them Bitcoin after hacking several more large verified accounts and posting ‘free giveaway’ videos. According to an Aug.

DLT Passport, Scammers Preying on Retirement Funds + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain and DLT news ShareRing, an enterprise-ready platform using distributed ledger technology, has launched the first private contact-tracing passport that can be integrated with e-visa on arrival systems

Deceived Crypto Investors Launched Their Own Scam to Recoup Losses

Investors in China launched a crypto scam after being deceived themselves — and got busted by the police. Chinese police have reportedly arrested a group of scammers who launched a faux crypto scheme to recoup their losses after being defrauded by a number of different crypto-related cons themselves. According to an article from the Public Information Network Security Supervision Bureau posted on WeChat earlier today, an investor named Yang created a fake investment scheme after losing around 100,000 yuan (over $14,000) to a crypto MLM project.  After teaming up with two other investors who had similarly been deceived by crypto scammers, Yang launched a fake mobile app and a token called "Baiye Chain".

Scammers Are Forging CoinDesk Emails – Here’s How to Protect Yourself

Scammers are forging CoinDesk newsletters in phishing emails.

Crypto Scammers Turn Toward Terrorism With A Japanese Bomb Threat

A government building in Hokkaido received a bomb threat from a group of crypto terrorists. Crypto terrorists threatened to bomb a government office on the Japanese island of Hokkaido.

Almost 1 Million Bitcoin is Held by Darknet Markets, Scammers & Thieves

According to Chainalysis, almost one million Bitcoin is held by Dark Web markets and cybercriminals, with crypto exchanges playing a pivotal role in the space. According to Chainalysis, almost one million Bitcoin (BTC) is held by illicit actors in the space with over half being held by darknet markets. Bitcoin held by illicit entities.

Bitcoin Giveaway Scam Hits Popular Indian Youtuber

A popular Indian YouTuber’s gaming channel got hacked and scammers attempted to use the old Bitcoin giveaway trick to lure people. Ajey Nagar, a Popular Indian YouTuber with 6.7 million subscribers, is the latest victim of the ongoing BitCoin giveaway scam on Youtube. The hack happened on Nagar’s second Youtube channel- CarryisLive where he streams himself playing video games with YouTubers and celebrities.   Two Bitcoin giveaway scam promotional videos were reportedly posted on the channel.

Crypto Folk Show the World How to Outfox Twitter, SIM Swap Scammers

A prominent bitcoin (BTC) enthusiast said he outmaneuvered a Twitter scammer – and although he spent USD 100 in the process, he said he has unveiled some key scamming tactics common on the social media platform.

Crypto Scammers Steal $381 Million in 2020, While Twitter Hackers Direct Funds to Mixers

Cryptocurrency related scams have taken a total of $381 million from victims so far this year.

Crypto Scammer on the Prowl as YouTube and Twitter Become Central to Bitcoin Scams

Bitcoin giveaway scammers are getting away with Bitcoin. Over the years, it has become a known fact for anyone dealing with cryptocurrencies that scams are running rampant.

Here’s How to Check If a Bitcoin Address Is a Scam

With the rapid rise in the number of bitcoin scams, there are easy ways to check if a bitcoin address has been reported as being used by scammers, such as in fake bitcoin giveaways.

YouTube: We’re Not Liable for Crypto Scams

Lawyers for the video-sharing platform argue that because Ripple impersonators were third-parties it has no liability. YouTube’s legal team has argued the platform is immune from liability for cryptocurrency scams perpetrated as part of its video content or descriptions.  Attorneys for Ripple and CEO Brad Garlinghouse filed a lawsuit against YouTube in April in response to the platform’s failure to stop XRP scammers and impersonators.

Telecom Argentina S.A Hit by Major Ransomware Attack, Criminals Demand $7.5M Worth of Monero

Telecom Argentina S.A has been hit by a ransomware attack and the cyber-criminals are demanding $7.5 million paid in the privacy coin monero.

Don’t Fall for These Fake Chinese CBDC Scams

Scammers promise high yields for people who allocate their money in a fake CBDC-related investment scheme. Cities in China will soon begin testing a new Central Bank Digital Currency, or CBDC.

TRON Founder Justin Sun Offers Bounty Reward for Twitter Bitcoin Scammers

As distressed Twitter users scrambled to get a sense of the recent Bitcoin attack that happened earlier this week, TRON founder Justin Sun spoke up and offered a $1 million bounty reward for whoever was able to uncover the identities of those behind the Twitter mass hack.

Twitter Massive Hack Attack Traced Back to Crypto Wallet Using BitPay and Coinbase

In the massive Bitcoin scheme that happened earlier this week, reputed coin exchanges such as Binance, Gemini, and Coinbase were targeted by crypto scammers, and officials have been hard at work investigating the digital trail that may lead back to the crypto scammers.

Twitter Hack: ‘Social Engineering Attack’ on Employee Admin Panels

Hackers were able to get away with posting fake Bitcoin giveaways on various Twitter accounts thanks to high level internal admin access. Crypto scammers responsible for what could be the largest ever hack on Twitter were able to succeed because individual employees have high levels of access to information and control on the platform. In a series of tweets from Twitter Support on July 15, the help center of the social media platform confirmed that hackers responsible for the massive breach of high-profile figures’ accounts had conducted a “coordinated social engineering attack” to gain “access to internal systems and tools.” “We know they used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf,” Twitter Support said.

Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far

Whale Alert alleges that crypto scams are skyrocketing in 2020 compared to statistics from 2017. Blockchain tracking and analytics platform, Whale Alert, revealed that over the past four years, scammers have stolen over $38 million worth of Bitcoin (BTC). New heights could be reached at the end of 2020 Whale Alert’s study, which relies on data from the crypto scam tracking site, Scam Alert, suggests that the popularity of dozens of different types of scams have been on the rise.

Youtube Helps Scammers Steal $130,000 in Bitcoin From Investors Daily: Report

Scammers raked-in $24 million in bitcoin during the first six months of 2020, according to a new report from crypto monitoring service Whale Alert.