Hackers are making deepfakes to scam crypto community, says Binance executive

Hackers are making deepfakes to scam crypto community, says Binance executive

Patrick Hillmann, Chief Communications Officer at Binance has warned about rising online scams that are targeting the crypto community. He claimed that scammers are making deep fakes of his image in Zoom calls to scam crypto executives. “Over the past month, I’ve received several online messages thanking me for taking the time to meet with […]

Continue Reading
Losses from crypto hacks surged 60% to .9 billion from January to July, Chainalysis says

Losses from crypto hacks surged 60% to $1.9 billion from January to July, Chainalysis says

Chainalysis noted that the trend is not likely to reverse any time soon, given the $190 million hacking of cross-chain bridge Nomad and $5 million hacking of several Solana wallets already in the first week of August. “DeFi protocols are uniquely vulnerable to hacking, as their open source code can be studied ad nauseum by […]

Continue Reading
Crypto romance scams: ‘Asian women’ on Twitter are coming for your ‘crypto-wallets’ 

Crypto romance scams: ‘Asian women’ on Twitter are coming for your ‘crypto-wallets’ 

Twenty-eight-year-old Nikhil (name changed), a crypto investor based out of Pune hopped on to several dating apps, but had no luck. But one night this year, he was messaged by “a beautiful woman” on Twitter, who claimed to be from Singapore. What followed was a match better than what any dating site could offer. The […]

Continue Reading
Losses from crypto hacks surged 60% to .9 billion from January to July, Chainalysis says

Crypto scam victims lose more than $1 billion since 2021

More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday. Nearly half the people who reported losing digital currencies in a scam said it started with an ad, post or a message on a social media platform, […]

Continue Reading
How scammers hack Twitter accounts to steal popular NFTs and digital currencies

How scammers hack Twitter accounts to steal popular NFTs and digital currencies

Twitter is wary of crypto scams, and this is not something new. In the past, Elon Musk talked about Twitter being flooded with crypto scams. “Whenever someone famous tweets, their comment section is quickly flooded with messages from bot accounts about a fake crypto-giveaway. These scams are malicious links designed to steal crypto wallets, in […]

Continue Reading
Criminals are deceiving victims with deepfakes and crypto scams: NortonLifeLock

Criminals are deceiving victims with deepfakes and crypto scams: NortonLifeLock

Scammers deceive unsolicited individuals with crypto scams and deepfakes to gain access to their financial and personal information, says a new report by NoronLifeLock. In India, between January and March 2022, Norton said over 18,013,055 threats, 59,907 phishing attempts, and 31,062 tech support scams were recorded, In its quarterly published Consumer ‘Cyber Safety Pulse Report’, […]

Continue Reading