crypto scams

Crypto Rug-Pulls Affect Thousands of Users in Himachal Pradesh, Over Rs 200 Crore Lost

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[ad_1] Fraudsters in Himachal Pradesh minted a series of a crypto coins — two of which were KRO and DGT — to cheat thousands of investors of more than Rs 200 crore over a period of five years, beginning in 2018 — the year that crypto reached fever pitch. The persons alleged to be part of a gang … Read more

Australian Banks Pull Back Support to ‘Risky’ Exchanges to Shake Up Crypto Sector

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[ad_1] Owing to a rise in financial scams linked to cryptocurrencies, several traditional banks in Australia have decided to pull back support for crypto exchanges. The National Australia Bank (NAB) has joined others in halting payments to crypto exchanges that have been frequently named in scam-related complaints. Earlier this month, Australia’s largest lender, the Commonwealth … Read more

Crypto Scammers Using AI Deepfakes to Spoof KYC Verification on Exchanges, Binance Security Chief Says

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[ad_1] Crypto scammers and hackers are finding newer ways to penetrate safety measures, even as the crypto industry accelerates attempts to add layers of advanced security to various platforms. Hackers and scammers are now tapping into AI deepfakes in order to breach the security of crypto exchanges and Web3 related firms. Using deepfake AI, notorious … Read more