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0 CommentsOne side effect of the blockchain industry’s explosive growth is an outburst of different scams, frauds, and other economic crimes “tied” to cryptocurrencies. The risk of running into shady characters in this area is now higher than in any other. It is why we decided to launch a series of articles on cryptocurrency scams and…
629 ViewsLooking to expand your crypto portfolio or invest in crypto the very first time? When it comes to cryptocurrencies like Bitcoin, most people worry about scams, while others fret over the lack of basic information. Crypto traders in UAE – especially millennials familiar with digital money, digital media, and digital friendships – are actively buying…
118 ViewsA cryptocurrency based on the hit Netflix show Squid Game spiked 40,000% in its first few days of trading and then has crashed 99.99% on Monday. The anonymous scummers behind the SQUID token have officially pulled the rug on the project, making off with an estimated $2.1 million. The SQUID token made headlines in various…
634 ViewsOn Tuesday, the Poly Network suffered a $612-million hack that did the hacker steal assets from Ethereum, Binance Chain, and the Polygon Network. It’s the biggest heist in DeFi history. However, the suspected hacker already returned over half of the stolen funds, saying he did it “for fun.” On Aug. 10, a hacker exploited a…
716 ViewsThe US Securities and Exchange Commission (SEC) charged Cayman Islands-registered DeFi Money Market (DMM) and its two top executives for unregistered sales of more than $30 million of securities using smart contracts and decentralized finance. This is the SEC’s first securities case involving DeFi technology. Florida residents Gregory Keough and Derek Acree, along with Cayman…
552 ViewsDubaiCoin positioned itself as a regular cryptocurrency, specialized for the UAE market. Its DBIX tokens were traded on various exchanges, and the roadmap looked quite attractive. But it was all a scam. In May of this year, the attention of the cryptocurrency community was drawn to the DubaiCoin digital currency (DBIX token). As stated in…
