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 …

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 …

In today’s digital age, cybersecurity has become a critical aspect of almost every business. Cyber threats are increasing daily, and businesses must take proactive measures to protect their networks and data. As a result, the demand for cybersecurity professionals has skyrocketed. Little Friday humour #meme #cybersecurity @hackurityio pic.twitter.com/MArEpCh03k — Harold De Vries (@devries_harold) February 17, 2023 In this article, we will discuss the top seven cybersecurity jobs that are in high demand. Cybersecurity analyst A cybersecurity analyst is responsible for identifying and mitigating cyber threats to an organization’s network and data. They examine system logs and network traffic to find …

Prospective users of an Arbitrum-based decentralized finance (DeFi) project have been left out of pocket following a $2 million exploit. Web3 security firm CertiK flagged the incident on Feb. 21, following an announcement from the Hope Finance Twitter account notifying users that they had been scammed. #CommunityAlert @hope_fin have announced the community has been scammed for ~$2m making this the largest #exitscam on Arbitrum in 2023. $1.86m was transferred to @TornadoCash. Hope_fin have posted steps for user's to withdraw their staked LPhttps://t.co/hJbFXiKujt — CertiK Alert (@CertiKAlert) February 21, 2023 Details of the project are difficult to come by. The platform’s …

Blockchain security firm Peckshield has raised the alarm after finding dozens of tokens purporting to be related to artificial intelligence (AI) powered chatbot ChatGPT. In a Feb. 20 post, the firm revealed at least three "BingChatGPT" tokens appear to be part of honeypot schemes — a smart contract that tricks a user into sending Ethereum (ETH), which the attacker then traps and retrieves. According to Peckshield, at least two of the tokens identified have already lost nearly 100% of their value, while a third is at a 65% loss — in what is often referred to as a “pump and …

The Californian Department of Financial Protection and Innovation (DFPI) has launched a new crypto scam tracker to help traders and investors spot possible industry threats. On Feb. 16, the DFPI launched the tracker based on user complaints. It has compiled a list of crypto-related grievances by victims that claim to have been scammed or have identified attempted scams. The complaints listed represent descriptions of losses incurred in transactions that victims have identified as part of a fraudulent or deceptive operation. However, the DFPI stated that it had not verified any of the scams listed, but noted that it receives thousands …

Cryptocurrency investors funneled as much as $4.6 billion into crypto tokens suspected to be part of “pump and dump” schemes in 2022. A Feb. 16 report from blockchain analytics firm Chainalysis “analyzed all tokens launched” in 2022 on the BNB and Ethereum blockchains and found just over 9,900 bore characteristics of a "pump and dump" scheme. A pump-and-dump scheme typically involves the creators orchestrating a campaign of misleading statements, hype, and Fear Of Missing Out (FOMO) to persuade investors into purchasing tokens while secretly selling their stake in the scheme at inflated prices. Chainalysis estimated investors spent $4.6 billion worth …

Crypto scam revenue was slashed by almost half in 2022 due mainly to falling crypto asset prices, but two scam types managed to stay immune. Crypto scam revenue in 2022, which includes investment scams, NFT scams and romance scams, among others, amounted to $5.9 billion in the year — down 46% from 2021. The data came from a Feb. 16 crime report from Chainalysis, which attributed most of the decline in scam revenue to poor market conditions — as lower crypto prices generally result in lower scam performance. Chainalysis however pointed to two different scam types that managed to stay …

Security is one of the biggest concerns among crypto enthusiasts, and with good reason. Cryptocurrencies, being decentralized and digital, are susceptible to various forms of cyberattacks, and digital wallets that store these assets can be easily transferred and stolen without the possibility of recovery. This has led to an increase in scams and malicious schemes aimed at stealing users’ coins and tokens. In this interview, Alex Dulub, a seasoned expert in the blockchain industry and a member of the Forbes Technology Council shares his views on what should be done for the Web3 space to become more secure. He has …

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 …

Emin Gün Sirer, creator of the Avalanche Consensus protocol and Ava Labs CEO, believes that there is one very straightforward method to spot a long-standing cryptocurrency project. On Feb. 7 Sirer discussed blockchain venture capital and crypto regulation in a fireside chat with MarketAcross chief operations officer Itai Elizur at the Web3 builder-focused event, Building Blocks 23. During the discussion, the Avalanche founder pointed out the crucial role of “staying power” in the crypto industry, condemning players that run from one project to another or jump into “every single new coin offering” in the hopes that they will go up. …

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 …