Browsing: cryptocurrency scams

Cryptocurrency fraud has become a pervasive issue within the digital finance landscape, as evidenced by a recent international operation that dismantled a massive money laundering network.This elaborate scheme converted over €700 million (approximately $815 million) into illicit gains through fake investment platforms, marking a significant instance of cryptocurrency scams at play.

The Pepe memecoin attack highlights the growing vulnerability of cryptocurrency platforms to cyber threats.Recently, the official website of Pepe memecoin fell victim to a malicious front-end attack, leading to alarming reports from cybersecurity experts at Blockaid.

The recent Huy Wang Payment suspension has sent shockwaves through Cambodia’s banking landscape, raising numerous concerns among its users.Announced abruptly on December 1, the suspension has left many scrambling outside their headquarters in Phnom Penh, where long queues have formed as anxious customers seek answers.

ZachXBT has identified the regions most severely impacted by cryptocurrency scams, with Nigeria ranked as the most affected area. The report highlights how these scams have proliferated, causing significant financial losses to individuals in various…