Crypto Scam
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Upbit Returns $6.07 Million to Crypto Scam Victims
The cryptocurrency market has been grappling with substantial losses due to cyber frauds, with only a handful of cases seeing successful recovery efforts. One remarkable instance involves Upbit, South Korea’s leading crypto exchange, which recently managed to refund a substantial amount of 8.5 billion won (approximately $6.07 million) to 380 victims affected by voice phishing scams. This notable recovery was achieved through Upbit’s advanced real-time Fraud Detection System (FDS) and…
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Cryptocurrency
Upbit Returns $6.07 Million to Crypto Scam Victims
The cryptocurrency market has been significantly impacted by cyber fraud, leading to substantial financial losses amounting to millions of dollars. Unfortunately, successful recoveries are rare. However, a remarkable exception occurred when South Korea’s largest crypto exchange, Upbit, managed to refund 8.5 billion won, equivalent to $6.07 million, to 380 individuals who fell victim to voice phishing scams. This achievement was facilitated by the implementation of a real-time Fraud Detection System…
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Cryptocurrency
Gen Z Kid’s Crypto Venture Results in a Lost $4M Chance
In a surprising twist in the crypto world, a young enthusiast has caught the attention of investors and traders alike. With a knack for innovation and a bit of luck, this teenager managed to create and sell three intriguing cryptocurrencies: $Quant, $Lucy, and $Sorry. This event not only turned heads but also triggered a significant buzz in the market. $Quant, $Lucy, and $Sorry: Big Profit, Bigger Missed Opportunity The teenager’s…
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Cryptocurrency
Gen Z Kid’s Crypto Venture Results in Missed $4M Chance
In the dynamic world of cryptocurrency, even young minds can make a significant impact. Recently, a teenage crypto enthusiast caught the attention of the market by ingeniously creating and selling three tokens—$Quant, $Lucy, and $Sorry—while live-streaming his process. This young innovator managed to earn over $53,000 in profit, showcasing both the potential and pitfalls of the crypto market. $Quant, $Lucy, and $Sorry: Big Profit, Bigger Missed Opportunity While live-streaming his…
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Cryptocurrency
“Zopp0” and Influencers Face Allegations of Endorsing Dubious Ventures
In the ever-evolving world of cryptocurrency, where fortunes can be made or lost in the blink of an eye, the specter of scams looms large. Recently, on-chain analyst ZachXBT unearthed a series of revelations about an enigmatic figure known as “Zopp0.” Allegedly, Zopp0 has orchestrated multiple crypto scams under the banners of projects like SCALE, NTD, TPU, and OPSEC. These ventures reportedly manipulated the market using a combination of influential…
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Cryptocurrency
Lottie Player Breach Results in 10 BTC Loss for Users!
In a significant event that has sent ripples through the web3 community, a coordinated attack on the Lottie Player was uncovered, posing a serious threat to the security of digital assets. This attack, detected by vigilant on-chain analysts, exploited vulnerabilities within several versions of the Lottie Player, a popular JS library used extensively across various platforms. Details of the Attack The LottieFiles team, responsible for maintaining the integrity of the…
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Cryptocurrency
Lottie Player Security Flaw Results in Crypto Wallet Compromise
On October 30, a significant number of prominent crypto platforms experienced a wave of hazardous popups urging users to connect their wallets. This unauthorized access was traced to a supply chain attack on the popular Lottie Player animations library. This JavaScript library, utilized by well-known websites such as Apple, Spotify, and Disney, was compromised to display crypto-draining popups targeting decentralized finance (DeFi) projects like 1inch and TEN Finance. The Details…
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Cryptocurrency
MrBeast Allegedly Tied to $23M Cryptocurrency Controversy
The cryptocurrency market is no stranger to controversy, but the latest allegations have left many in shock. With over 300 million fans, YouTuber Jimmy Donaldson, popularly known as MrBeast, is at the center of insider trading accusations. According to reports, MrBeast has allegedly profited more than $23 million through low-cap token promotions and suspected pump-and-dump schemes. The on-chain analytics platform, OnchainLens, revealed these findings on social media, suggesting that Donaldson…
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