A dispute over a $1.4 million loss has gripped Crypto Twitter after a dealer claimed to have been scammed in an over-the-counter (OTC) deal. Later, one other account posted about depositing the very same quantity into KuCoin. The sequence of posts has ignited confusion, suspicion, and hypothesis throughout the neighborhood. A $1.4 Million Scam Allegation…
The Hyperliquid ecosystem is within the highlight after one among its initiatives, HyperVault, was accused of rug-pulling customers for roughly $3.6 million. Blockchain safety agency PeckShield flagged uncommon transactions on Friday, sparking alarm on social media. HyperVault Social Channels Wiped Amid Rug Pull Suspicions According to PeckShield, the suspicious exercise started with a big withdrawal…
Venus Protocol quickly suspended its platform on Sept. 2 after a person misplaced tens of tens of millions of {dollars} in a focused phishing incident. The pause adopted reports from blockchain safety agency Cyvers, which flagged a suspicious transaction draining almost $27 million from a single pockets. In accordance with studies, the stolen belongings included…
A dramatic incident on Venus Protocol has resulted in the lack of almost $30 million price of belongings. While many initially suspected a hack, blockchain safety analysts at Cyvers confirmed to BeInCrypto that this was a user-side mistake, not a vulnerability in the protocol itself. Phishing Scam Costs Venus Protocol User $30 Million, Not a…
A crypto scam linked to DeFi platform Terablock has left more than 1,200 investors in Mexico and the United States without their funds. Authorities estimate losses exceed $300 million, devastating families and businesses. The scheme promised monthly returns of 7% to 15% through investments in the USDC stablecoin. Investors accessed their accounts via a mobile…
Two high-profile crypto-related scandals are in the headlines today, exposing how faith and trust in both religion and relationships were allegedly exploited to perpetrate multimillion-dollar frauds. The report comes amid increased crypto crime, this time going beyond kidnappings and mutilations. Pastor Couple Accused of Defrauding Flock With ‘God-Inspired’ Crypto Scheme In Denver, Pastor Eligio “Eli”…
The dark side of crypto surfaces occasionally, this time in the form of two disturbing kidnap-for-crypto schemes on opposite sides of the Atlantic. In South Florida, a man allegedly plotted the abduction and mutilation of an entire family over a $3 million debt. Meanwhile, in London, a Belgian barber was held hostage by a gang…
Crypto investigator ZachXBT has exposed crypto influencer “Crypto Beast” for orchestrating a coordinated pump-and-dump scheme that wiped out over $187 million in market value from the ALT token in minutes. On July 14, the price of ALT collapsed from $0.19 to $0.003, sending the market cap plummeting from $190 million to just $3 million. Another…