Binance, in cooperation with law enforcement agencies, is launching a campaign to prevent scams by issuing targeted alerts to potential victims, according to a March 3 blog post from the company. The project, called the “joint anti-scam campaign” was rolled out first in Hong Kong, and the company now intends to expand it into other jurisdictions. Keeping our ecosystem and the #Binance community safe is at the core of what we do. Which is why we partnered with law enforcement agencies across the globe to launch the Joint Anti-Scam Campaign. Read on to see what it's all about ⤵️ https://t.co/q9LOtuZm2F …

Hardware cryptocurrency wallet provider Trezor has warned its users about a new phishing attack targeting their crypto investments by trying to steal their private keys. Trezor took to Twitter on Feb. 28 to caution users about an active phishing attack designed to steal investors’ money by making them enter the wallet’s recovery phrase on a fake Trezor website. The phishing campaign involves attackers posing as Trezor and contacting victims via phone calls, texts or emails claiming that there has been a security breach or suspicious activity on their Trezor account. “Trezor Suite has recently endured a security breach, assume all …

The cryptocurrency phishing scammer behind some of the most high-profile and high-value Web3 thefts is claiming to have packed up shop and is “moving on to something better.” The scammer by the pseudonym Monkey Drainer posted to their Telegram channel on Mar. 1 that they “will be shutting down immediately” and all “files, servers and devices” related to the drainer “will be destroyed immediately” and it “will not return.” The scammer even gave advice to budding “young cyber criminals” saying they shouldn’t “lose themselves in the pursuit of easy money” and only those “with the highest level of dedication” should …

Popular crypto wallet provider MetaMask warned investors against ongoing phishing attempts by scammers attempting to contact users through NameCheap’s third-party upstream system for emails. On the evening of Feb. 12, web hosting company NameCheap detected the misuse of one of its third-party services for sending some unauthorized emails — which directly targeted MetaMask users. Namecheap described the incident as an "email gateway issue." ⚠️MetaMask does not collect KYC info and will never email you about your account! Do not enter your Secret Recovery Phrase on a website EVER. If you got an email today from MetaMask or Namecheap or anyone …

The co-founder of Web3 metaverse game engine “Webaverse” has revealed they were victims of a $4 million crypto h after meeting with scammers posing as investors in a hotel lobby in Rome. The bizarre aspect of the story, according to co-founder Ahad Shams, is that the crypto was stolen from a newly set up Trust Wallet and that the hack took place during the meeting at some point. He claims the thieves could not have possibly seen the private key, nor was he connected to a public WiFi network at the time. The thieves were somehow able to gain access …

How to protect yourself in the metaverse To protect yourself in the metaverse, use strong passwords, be cautious of suspicious activity, and limit the amount of personal information shared online. Here are some ways to protect yourself in the metaverse: Use strong and unique passwords: Create secure passwords utilizing a variety of letters, numbers and symbols and steer clear of using the same one for many accounts. When disclosing personal information, exercise caution: Be cautious when sharing information online and be on the lookout for unauthorized requests for personal information. Utilize two-factor authentication: To further secure your accounts, use two-factor …

The Federal Bureau of Investigation (FBI) has seized two non-fungible tokens (NFTs) worth more than $100,000 and 86.5 Ether (ETH) from a reported phishing scammer. The alleged scammer in question, Chase Senecal — known as Horror (HZ) online — was initially exposed via a lengthy investigation by independent blockchain sleuth ZachXBT posted back in September. In the FBI’s official notification posted on Feb. 3, it outlined that Seneca’s property — which also included an Audemars Piguet (AP) Royal Oak Watch worth $41,000 — was “seized for federal forfeiture for violation of federal law.” The FBI’s notification did not detail much …

Bankrupt crypto exchange FTX has acknowledged a recent spate of third-party scams and frauds aimed at swindling its already-embattled customers. On Feb. 3, FTX issued an alert to its customers regarding recent attempts by fraudsters to scam their customers, including asking them for money, fees, payments or account passwords. “We are aware of active third-party scams and frauds seeking to take advantage of FTX customers,” the company warned. FTX added that its debtors and agents will never ask customers to pay fees or provide account passwords in connection with the “return or prospective return of customer assets,” and encouraged potential …

In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t the only incident: Blockchain users reportedly lost $3.9 billion to fraudulent activity in 2022 alone. As we entered 2023, there was a chorus of promises to increase security within the crypto space. But, so far, things haven’t significantly changed. Companies that utilize blockchain still aren’t doing enough to prevent scams. If blockchain technology is going to see mass adoption, companies will have to change their approach from the bottom up. By focusing on …

United States-based crypto exchange Coinbase has become the latest crypto wallet provider to roll out transaction previews and blocklists amid a rise in crypto thefts. On Jan. 30, the crypto exchange announced it had integrated a new suite of safety features to its wallet app to make it easier for users to spot and take action on potential foul play from scammers. Such integrations include a transaction preview feature which gives the user an estimation of how users “token and NFT balances will change” during a transaction before the confirm button is hit. The firm has also rolled out token …

Blockchain security firm CertiK believes to have found the real identity of at least one scammer allegedly linked tothe “Monkey Drainer” phishing scam. Monkey Drainer is the pseudonym for a phishing scammer(s) that uses smart contracts to steal NFTs through a process known as "ice phishing." The individual or persons behind the phishing scam have stolen millions worth of Ether (ETH) via malicious copycat nonfungible token (NFT) minting websites to date. In a Jan. 27 blog, CertiK said it found on-chain messages between two scammers involved in a recent $4.3 million Porsche NFT phishing scam and was able to link …

Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds, has fallen victim to a phishing scam leading to more than $1.1 million worth of his personal NFTs stolen. The NFT creator and PROOF co-founder shared the news with his 1.6 million Twitter followers on Jan. 25 asking them to avoid buying any Squiggles NFTs until they manage to get them flagged as stolen. I was just hacked, stay tuned for details - please avoid buying any squiggles until we get them flagged (just lost 25) + a few other NFTs (an autoglyph) ... — KΞVIN R◎SE (,) (@kevinrose) …