NY Attorney General Sues Crypto Firms for $1B Investor Fraud
New York Attorney General sues crypto firms Gemini, Genesis, and DCG, alleging they “defrauded” over 230,000 investors, including 29,000 New Yorkers, of more than $1 billion. Key Takeaways New York Attorney General Letitia James has filed a lawsuit against cryptocurrency companies Gemini Trust Company, Genesis Global Capital LLC, and Digital Currency Group Inc (DCG), alleging they “defrauded” over 230,000 investors, …
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SHIB Telegram Admin Account Hacked, Community Warned of Scam Airdrop
The Shiba Inu community faced a scam as the Telegram account of a prominent member, Ragnar Shib, was compromised to promote a fake BONE token airdrop. Key Takeaways Crypto Scam In an unfortunate turn of events, the Shiba Inu community has found itself amidst a crypto scam. Ragnar Shib, an admin in the community, had his Telegram handle hacked, which …
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The Long-Term Implications of Rug Pull Scams on DeFi Adoption
Decentralized Finance (DeFi) has gained significant traction in recent years, revolutionizing traditional financial systems. However, the rise of DeFi has also seen an unfortunate increase in rug pull scams, which can have long-term implications for DeFi adoption and investor confidence. In this article, we will explore the concept of rug pull scams, their impact on DeFi, and the measures needed …
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Understanding Bitboy’s Recent Crypto Scandals
Ben Armstrong a.k.a Bitboy is a prominent figure when it comes to cryptocurrency. However, something happened on June 11th that sparks a lot of questions on this crypto legend. During the early hours of June 11, an unauthorized individual managed to breach BitBoy’s secure Twitter account which created a lot of controversy. The hacker got into my Twitter account through …
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CoinLoan Users Beware: Scammers Offering Aggressive Legal Services in Unauthorized Emails
Key Points CoinLoan, a trusted cryptocurrency lending platform, recently issued a warning to its users regarding unauthorized emails offering aggressive legal services. According to reports, these emails are being sent by an unknown source who is posing as Mr. Mischal Modrikamen. CoinLoan users have been receiving these emails, and the company has urged its users to refrain from responding or …
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