Navigating the World of Crypto: Tips for Avoiding Scams

    From “pig butchering” to phishing, there are myriad ways that scammers try to take advantage of crypto users. Despite the belief of many crypto enthusiasts that centralized exchanges (CEXs) are safer, history has often shown them to be rather vulnerable to attacks. Because these exchanges centralize the storage of users’ assets, they can be attractive targets…

    DeFi was the most attacked ecosystem in 2022: Finance Redefined

    2023 started on a bullish note for nearly all the top 100 DeFi tokens, as most of them rose to new multi-week highs. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The DeFi ecosystem started 2023 on a bullish…

    5 sneaky tricks crypto phishing scammers used last year: SlowMist

    SlowMist found that across 303 recorded blockchain security incidents in 2022, nearly a third were made up of phishing attacks, rug pulls and scams. Blockchain security firm SlowMist has highlighted five common phishing techniques crypto scammers used on victims in 2022, including malicious browser bookmarks, phony sales orders and trojan malware spread on messaging app…

    $3.9 billion lost in the cryptocurrency market in 2022: Report

    The report from Immunefi revealed hacks to have been the main cause of related losses. Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a total of 3.9 billion dollars in 2022. According to the report, hacks were found to be the main…

    Crypto pump-and-dump schemes: Everything you should know

    Don’t get the rug pulled out from under you, warns Oscar Gonzalez on CNET. Crypto pump-and-dump schemes are designed to take advantage of people while making some big money for scammers. They generally involve influencers who receive financial incentives for telling people to buy a certain digital coin in order to raise its value. Once…