Philippines SEC issues warning vs yet another digital asset pyramid scam
Just days since it issued a warning against Leefire, the SEC says that the same activities are now being propagated through Sengre, which sells SGC Coin.
Just days since it issued a warning against Leefire, the SEC says that the same activities are now being propagated through Sengre, which sells SGC Coin.
The scammers have developed ways of mirroring/spoofing genuine projects which is how many users fall victim to them, and both social media accounts and website links are used to carry out the attacks.
Mining Capital Coin lured investors with promises of guaranteed returns but ended up defrauding them of over $62 million, according to U.S. federal authorities.
Indian police thought they were curbing a simple job scam but stumbled upon one of the largest digital asset scams, with Binance and OKCoin reportedly at the heart of it.
The SEC warned that Leefire, which is issuing an ICO and promising lucrative returns, isn’t licensed to service the local market with its pyramid-like products.
Trezor users claim Intuit failed to protect Mailchimp data, leading to targeted phishing attacks that saw some lose their digital assets to scammers.
Digital assets security researcher Zachxbt revealed that 91 NFTs were stolen, and most of the funds from the stolen NFTs found their way to KuCoin and Binance.
The man solicited funds from several victims, promising to deliver S9 and L3 miners and offer miner-hosting services but channeled the funds to personal use, authorities said.
Binance argued in a Texas court that it should not be held responsible for the loss of the funds even though the scammers cashed out through its platform.
AUSTRAC said that the digital assets use in criminal activities is increasing revealing that in 2020-21, 500 ransomware attacks were reported, marking a 15% increase from the previous fiscal year.
With SmartLedger’s enterprise-grade blockchain solutions and Gray Wolf’s expertise in Bitcoin scam response and prevention, the two companies aim to provide an expanded range of products and services.
The popular digital currency wallet, MetaMask, warned users of a security flaw in Apple’s cloud storage after stolen fund reports surfaced on Twitter in the past few days.