Frauds Archives - Free Bitcoin Earning Sites

Crypto Ransomware Cases Up by 311% in 2020, Says Chainalysis

January 20, 2021 DeFi, Frauds, News Eddy 0

2020 was a great year for the digital assets market. The amazing price surges and explosive growths we witnessed last year with Bitcoin, leading altcoins and the nascent DeFi sector aside, there is another reason to celebrate 2020, according to Chainalysis, and that is the significant decrease in crypto-related criminal activity in the market. Out […]

Russian Crypto Exchange Livecoin Forced to Close After Hack

January 19, 2021 Frauds, News Eddy 0

Livecoin, a Russia-based crypto exchange, has announced that it will be shutting down operations and refunding its customers after it was allegedly hacked in December last year. Details of the hack are unconfirmed and no post-mortem report for it exists at present time, but Livecoin has proceeded to announce its impending closure, and also to […]

New Updates Reveal Almost 300K Customers Affected by Ledger 2020 Data Breach

January 14, 2021 Fintech News, Frauds, News Eddy 0

Hardware wallet manufacturer Ledger was found to have its data breached in July last year, where hackers stole the personal data of over 272,000 users, including some high net worth individuals and whales. Recent reports show that an additional 20,000 users’ data were also compromised in the same hack, bringing the total number of affected […]

Another DeFi Project Falls Prey to Hacking Attack, Loses $2 Million

November 15, 2020 DeFi News, Frauds, News Eddy 0

Another DeFi project bites the dust as it falls prey to another online hack, only two weeks after another major DeFi protocol suffered $24 million in losses following a security breach; Akropolis, an Ethereum-based platform which specializes in flash loans, revealed that it had lost $2 million in funds on November 2 after a hack […]

Binance Rewards US Law Enforcement with $200,000 Over Indictment of 2018 Phishing Attack Culprits

November 12, 2020 Frauds, News, Regulations Eddy 0

The US Department of Justice (DOJ) announced the indictment of two culprits involved in a hacking attack of Binance’s platform in 2018. These malicious actors created phishing websites that emulated Binance’s official website prior to the attack in order to collect genuine login credentials and other user data. Back when the attack occurred, Binance put […]

Japanese Gaming Giant Confidential Data Held Ransom for $11 Million Worth of BTC

November 11, 2020 Bitcoin, Business, Frauds, Hacks, News Eddy 0

November is turning out to be a catastrophic month for Japanese gaming giant Capcom, well-known for its popular game series such as Devil May Cry and Resident Evil, as malicious online hackers have declared a $11 million ransom in BTC in exchange for confidential Capcom data. The culprits are threatening to release the data to […]

DeFi Protocol Hacking Attacks Have Resulted in Losses of $100 Million in 2020, Says CipherTrace

November 11, 2020 DeFi, DeFi News, Frauds, Hacks, News Eddy 0

According to a recent report released by blockchain and crypto security analytics firm CipherTrace, the DeFi sector resulted in $100 million lost in thefts and hacking attacks this year. Currently, the Total Value Locked (TVL) on DeFi protocols have hit a new all-time-high of $13.03 billion after experiencing precipitous growth throughout the year. This has […]

Cheated Investors of Binance-Launched DeFi Project Wine Swap To Get Stolen Funds Back

November 5, 2020 Crypto Scam, DeFi, DeFi News, Frauds, News Eddy 0

Wine Swap, a yield farming platform launched on the Binance Smart Chain and indirectly backed by the largest cryptocurrency exchange in the world, nearly pulled off an exit scam of $350,000 before Binance recovered the funds, according to a report released by Coindesk. The project was made available last month for fundraising, and strangely enough, […]

DeFi Protocol Harvest Finance Suffers $24 Million Hack; $100,000 Bounty on Culprit

October 27, 2020 DeFi, DeFi News, Frauds, Hacks, News Eddy 0

Security vulnerabilities on DeFi protocols remain a serious concern for the DeFi sector despite its burgeoning growth potential, especially as major projects fall prey to hacking attacks resulting in the loss of user and project funds. The latest in a series of incidents this year comes from Harvest Finance, a protocol that made the news […]

KuCoin 2020 Hack Culprits Found; $200 Million in Assets Recovered Thus Far

October 5, 2020 Business, Cryptocurrency Exchange, Frauds, Hacks, News Eddy 0

KuCoin’s hack and the resulting hundreds of millions worth of assets that were put at risk have rattled the crypto community since news first broke over the attack. Since then, the hacker has been attempting to liquidate the funds they have on several decentralized exchanges. Whale Alert, an account which tracks large transactions, previously pointed […]

Category: Frauds