Scams
The Better Business Bureau warned about crypto investment scams on TikTok
The Better Business Bureau published a blog post that shows how crypto scams are carried out on TikTok and how to deal with them.
Cynthia Chung 2 min read
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Regulation
US Treasury Department blacklists Bitcoin addresses linked to Iran ransomware group
The backlisted bitcoin addresses were linked to Nikaeen Ravari and Khatibi Aghada, who worked with the IRGC to develop and deploy ransomware that threatened the national security of the US.
Crime
Dutch police arrest suspected Bitcoin thief by tracing transactions on blockchain
Dutch authorities' investigations revealed that the alleged thief laundered Bitcoin with the use of malicious software from the open-source Electrum wallet.
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Crime
US lawmakers warn that Facebook, Instagram are ‘becoming breeding ground’ for crypto scams
An FTC report states that Meta's Instagram facilitated 32% of scams reported on social media, while Facebook and WhatsApp were cited 26% and 9% of the time, respectively.
Hacks
New Free DAO crashes 99% after $1.25M flash loan attack
The attacker was able to borrow 4481 WBNB and swapped it for NFD tokens amounting to $1.25 million. A sell-off of the tokens forced the price to crash by 99%.
Legal
Australia creates special crypto police unit to crack down on money laundering
In the first four months of 2022, crypto scam losses in Australia grew 166% to $140 million, compared to the same period in 2021.
Scams
FatManTerra educates community on crypto scams by creating fake investment scheme
Crypto Influencer FatManTerra shared a fake investment scheme that attracted over $100k from his followers. He has called off the trick and warned the community against falling for crypto investment scams.
Scams
UK judge rules to extradite Christopher Hamilton to US for trial on OneCoin scam
Two Britons Hamiton and McDonalds had filed to avoid extradition the US. A UK Judge, however, ruled that Hamilton will proceed for trials in the US, while McDonald will remain in the UK.
Scams
Thodex founder arrested in Albania
Thodex founder Fatih Özer was arrested in Albania on Aug. 31 and is set to be deported back to Turkey.
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Scams
Dogechain developer wallet caught dumping 1 million tokens a minute
Scams
SudoRare developers reap $815,000 from rug pulling project
Regulation
CommerceBlock CEO slams US Treasury Department’s crackdown on Tornado Cash, says it ‘makes little sense’
Scams
