Tag: fraud

Crypto-staking platform Freeway, which touted up to 43% annual rewards, halted withdrawals and deposits on its platform on Oct. 23, citing market volatility. The platform also deleted its team details, which allegedly hints at a rug pull, according to FatManTerra. As a result, the platform’s native token FWT was down more than 70% over the…

Payments giant Mastercard launches Crypto Secure, a new software product designed to help banks and other card issuers identify and block suspicious transactions from crypto exchanges. The service is powered by CipherTrace, a blockchain security startup acquired by Mastercard last year. According to a CNBC report, Mastercard on Sept. 4 debuted a new piece of…

Forbes’s new analysis of 157 crypto exchanges reveals that 51% of the daily Bitcoin trading volume is likely fake. “Wash trading” also benefits exchanges, allowing them to appear to have more volume than they actually do and encouraging more legitimate trading. The widespread practice of wash trading, which means phony or fake volume, and the…

The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain. Now they’re moving to Aptos. An investigation by Danny Nelson and Tracy Wang published on CoinDesk. Something about Sunny Aggregator felt off-kilter to the cryptocurrency user known as Saint…

In a report released Friday, the Federal Trade Commission (FTC), the enforcer of civil US antitrust law, revealed that the investors had lost over $1 billion in crypto-related scams, which have been growing due to a lack of regulations and proper education on digital assets. Bitcoin, Tether, and Ether become the top cryptos involved in…

From crypto industry giants to celebrity endorsements, “mainstream crypto” is more relevant than ever as outsiders join the decentralized movement. Does it help or hurt mainstream crypto when celebrities from outside the space endorse it? – examines Savannah Fortis of Be[In]Crypto. Crypto and the utility of blockchain-based solutions are no longer a fringe for those…