Lens
Bitcoin News
Cryptocurrency is a huge Ponzi scheme, Blockchain-based Service Network (BSN) — the developer behind China’s state-backed blockchain infrastructure — said on Sunday. See related article: China’s BSN to launch overseas public chain without crypto support Fast facts Crypto is an old hoax in a new form, Zhiguang Shan, chair of BSN Development Alliance, and Yifan […]
Timmy Shen
Blockchain Security
Around US$1.5 million worth of 29 Moonbirds non-fungible tokens (NFT) were stolen in a phishing scam on Wednesday. See related article: Beeple’s Twitter account latest victim to phishing scam hacks Fast facts A phishing attack is where scammers use deceptive means to direct victims to malicious links to steal personal information. Twitter user @0xLosingMoney has […]
Lachlan Keller
Blockchain Security
The Twitter account of non-fungible token (NFT) artist Mike Winkelmann, widely known as Beeple, was briefly hacked on Sunday and used to promote a phishing scam to drain over US$72,000 from Ether wallets of victims. See related article: Twitter hacker takes over verified accounts to promote fake Azuki NFT drop Fast facts The hacker shared […]
Monika Ghosh
Crypto Trading and Strategies
Hong Kong police announced on Tuesday the arrest of a 24-year-old who is suspected of stealing HK$1.5 million (US$191,076) in cryptocurrencies in a physical cash-to-crypto transaction. See related article: Hong Kong sees high engagement with crypto, Visa research shows Fast facts The police labeled the rare on-site cryptocurrency theft as a serious crime punishable by […]
Ningwei Qin
Regulatory News
The Securities and Exchange Commission (SEC) said it is expanding its crypto asset enforcement team by adding 20 positions, in a move to bolster its efforts to combat cybercrime associated with cryptocurrency. See related article: Peirce dissents from SEC’s US$100M BlockFi settlement Fast facts The SEC on Tuesday said that its staff strength in a […]
Timmy Shen
Regulation
The Seoul Metropolitan Police Agency’s cyber bureau has arrested a 26-year-old man for allegedly defrauding nine investors of 210 million KRW (US$165,798) over the sale of non-fungible tokens (NFTs) of a cat-like character named CatSle. See related article: S.Korean regulators to strengthen watch over NFTs and the metaverse Fast facts According to the police, the […]
Danny Park
Blockchain Security
Bored Ape Yacht Club’s (BAYC) official Instagram profile was hacked to promote a fraudulent phishing link to scam millions of dollars worth of non-fungible tokens (NFTs) from victims on Monday. See related article: Why NFT scams are on the rise — and how to stop them Fast facts OpenSea, the largest NFT marketplace, has banned […]
Dylan Butts
Blockchain Security
India’s Ministry of Education was one of the latest victims in a series of hacks against verified Twitter accounts promoting fake Azuki non-fungible token (NFT) airdrops. See related article: Azuki spikes past Bored Apes in daily sales Fast facts India’s University Grant Commission (UGC), which has more than 295,000 followers on Twitter, was hacked on […]
Monika Ghosh
Regulation
No more Burger King, Nike and Muji. This year's annual focus on marketplace abuse names and shames crypto scams.
Ningwei Qin
Blockchain Security
‘Lazy minting’ may seem affordable but heightens the risk of NFT theft, writes Anthem Blanchard of Herasoft. Is storing NFTs on-chain the solution?
Anthem Blanchard
