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😡Web3 Security: No Room for Spam Tokens in Your Web3 Wallet
💪Main Takeaways:
😵Spam tokens are designed to trick you into interacting with them, potentially opening doors for criminals to compromise your funds.
🤫If you find spam tokens in your wallet, stay calm: your funds remain safe as long as you don't engage.
🤖Protect yourself by using security-forward wallets, always double-checking token details, and staying informed on the latest scam tactics.
How to distinguish spam from the real deal, what spammers get out of it, what to do if you find spam tokens in your wallet, how to protect yourself, a real-life example: the ACT spam token - you can read at the link Web3 Security
#scammers #fraud #security #buying #sale
💪Main Takeaways:
😵Spam tokens are designed to trick you into interacting with them, potentially opening doors for criminals to compromise your funds.
🤫If you find spam tokens in your wallet, stay calm: your funds remain safe as long as you don't engage.
🤖Protect yourself by using security-forward wallets, always double-checking token details, and staying informed on the latest scam tactics.
How to distinguish spam from the real deal, what spammers get out of it, what to do if you find spam tokens in your wallet, how to protect yourself, a real-life example: the ACT spam token - you can read at the link Web3 Security
#scammers #fraud #security #buying #sale
" The Downfall of the Luna "
Who are the EYE WITNESS of Luna Downfall, Come and follow inbox me.
The downfall of the cryptocurrency Luna, tied to the Terra blockchain ecosystem, is one of the most catastrophic failures in the history of digital finance.
Luna was intricately connected to TerraUSD (UST), an algorithmic stablecoin designed to maintain a value of $1 through a system of supply and demand. Instead of being backed by physical assets like other stablecoins, UST relied on a mechanism where users could swap 1 UST for $1 worth of Luna, and vice versa, to maintain its peg. This design, while innovative, proved to be dangerously fragile.
For a time, the Terra ecosystem thrived. Investors were drawn by high-yield returns, particularly through the Anchor Protocol, which offered up to 20% annual interest on UST deposits. This incentivized massive demand for UST and, by extension, Luna.
The prices of both tokens soared, and at its height, Luna ranked among the top ten cryptocurrencies by market capitalization, with billions of dollars invested.
The collapse began in early May 2022 when UST started to lose its peg. A combination of large-scale withdrawals from the Anchor Protocol and broader market instability triggered a panic. As UST fell below $1, the algorithm attempted to restore the peg by minting massive amounts of Luna to buy up UST.
However, this led to hyperinflation—Luna's supply skyrocketed from hundreds of millions to trillions of tokens in days. The price of Luna crashed from over $80 to less than a cent, and UST never regained its $1 peg.
This feedback loop created a death spiral: as more Luna was minted, its value dropped, undermining the entire system.
The total collapse wiped out more than $40 billion in value from the crypto market, severely impacting retail and institutional investors alike. Many people lost life savings, and confidence in the wider cryptocurrency sector was shaken.
In the aftermath, legal and regulatory investigations began around the world. Terra’s founder, Do Kwon, faced intense scrutiny. He was accused of fraud, market manipulation, and failing to disclose key risks to investors. In 2023, Kwon was arrested in Montenegro while attempting to flee and became the subject of international legal action, including an Interpol red notice.
To salvage what remained, the Terra community launched Terra 2.0, a new blockchain that abandoned the algorithmic stablecoin model.
The original tokens were rebranded—Luna became "Luna Classic" (LUNC), while the new Luna token launched on the new chain. However, despite these efforts, the project's reputation never fully recovered.
Luna’s downfall highlighted the dangers of algorithmic stablecoins and underscored the need for transparency, robust risk management, and regulatory oversight in the crypto industry. It became a turning point in crypto history, serving as a cautionary tale for developers, investors, and regulators worldwide.
#TerraLunaClassic #CryptoRugpull #Fraud
The downfall of the cryptocurrency Luna, tied to the Terra blockchain ecosystem, is one of the most catastrophic failures in the history of digital finance.
Luna was intricately connected to TerraUSD (UST), an algorithmic stablecoin designed to maintain a value of $1 through a system of supply and demand. Instead of being backed by physical assets like other stablecoins, UST relied on a mechanism where users could swap 1 UST for $1 worth of Luna, and vice versa, to maintain its peg. This design, while innovative, proved to be dangerously fragile.
For a time, the Terra ecosystem thrived. Investors were drawn by high-yield returns, particularly through the Anchor Protocol, which offered up to 20% annual interest on UST deposits. This incentivized massive demand for UST and, by extension, Luna.
The prices of both tokens soared, and at its height, Luna ranked among the top ten cryptocurrencies by market capitalization, with billions of dollars invested.
The collapse began in early May 2022 when UST started to lose its peg. A combination of large-scale withdrawals from the Anchor Protocol and broader market instability triggered a panic. As UST fell below $1, the algorithm attempted to restore the peg by minting massive amounts of Luna to buy up UST.
However, this led to hyperinflation—Luna's supply skyrocketed from hundreds of millions to trillions of tokens in days. The price of Luna crashed from over $80 to less than a cent, and UST never regained its $1 peg.
This feedback loop created a death spiral: as more Luna was minted, its value dropped, undermining the entire system.
The total collapse wiped out more than $40 billion in value from the crypto market, severely impacting retail and institutional investors alike. Many people lost life savings, and confidence in the wider cryptocurrency sector was shaken.
In the aftermath, legal and regulatory investigations began around the world. Terra’s founder, Do Kwon, faced intense scrutiny. He was accused of fraud, market manipulation, and failing to disclose key risks to investors. In 2023, Kwon was arrested in Montenegro while attempting to flee and became the subject of international legal action, including an Interpol red notice.
To salvage what remained, the Terra community launched Terra 2.0, a new blockchain that abandoned the algorithmic stablecoin model.
The original tokens were rebranded—Luna became "Luna Classic" (LUNC), while the new Luna token launched on the new chain. However, despite these efforts, the project's reputation never fully recovered.
Luna’s downfall highlighted the dangers of algorithmic stablecoins and underscored the need for transparency, robust risk management, and regulatory oversight in the crypto industry. It became a turning point in crypto history, serving as a cautionary tale for developers, investors, and regulators worldwide.
#TerraLunaClassic #CryptoRugpull #Fraud
#P2P_Scam #fraud
I was scammed on Binance P2P.
I was new to Binance. I sold $630 worth of USDT to a person whose username was "24tranders". He sent approximately 2.65 lakh rupees to my two Pakistani bank accounts under three different names. Later, it was discovered that he had sent this money from the accounts of people he had hacked. The affected individuals filed a complaint with the FIA, resulting in the FIA freezing my and some other people's bank accounts - and this investigation may never end.
I have approximately 8 lakh rupees in these bank accounts, which I want to retrieve at any cost. I asked the bank who the investigating officer for this case is, but the bank has not yet received any response from the FIA.
My advice for others like me is: never engage in P2P trading with someone whose account does not have a "Verified Badge" and does not show the message "Security Amount Deposited". Additionally,the name displayed on Binance should also match the name on the bank transaction.
I have the phone numbers of the three individuals who sent me money, but they believe that I hacked their accounts by obtaining their passwords and OTPs.
Can someone help me?
#scammeralert
#ScamAwareness
$BTC
I was scammed on Binance P2P.
I was new to Binance. I sold $630 worth of USDT to a person whose username was "24tranders". He sent approximately 2.65 lakh rupees to my two Pakistani bank accounts under three different names. Later, it was discovered that he had sent this money from the accounts of people he had hacked. The affected individuals filed a complaint with the FIA, resulting in the FIA freezing my and some other people's bank accounts - and this investigation may never end.
I have approximately 8 lakh rupees in these bank accounts, which I want to retrieve at any cost. I asked the bank who the investigating officer for this case is, but the bank has not yet received any response from the FIA.
My advice for others like me is: never engage in P2P trading with someone whose account does not have a "Verified Badge" and does not show the message "Security Amount Deposited". Additionally,the name displayed on Binance should also match the name on the bank transaction.
I have the phone numbers of the three individuals who sent me money, but they believe that I hacked their accounts by obtaining their passwords and OTPs.
Can someone help me?
#scammeralert
#ScamAwareness
$BTC
🚨FATHER-SON DUO #JAILED IN $12M CRYPTO SCAM
🔹Eugene “Hugh” Austin Jr. sentenced to 18 years in prison for defrauding 2 dozen+ victims
🔹Scam promised passive crypto income, raising $12M from friends, family, and investors
🔹Funds used for lavish lifestyle, not investments — incl. luxury hotels & a 2022 Jaguar SUV
🔹Son Brandon Austin earlier got 4 years; Dad also owes $12.66M restitution
#CryptoScam #Fraud #DOJ #LongIsland
-The Block$ETH $BTC
🔹Eugene “Hugh” Austin Jr. sentenced to 18 years in prison for defrauding 2 dozen+ victims
🔹Scam promised passive crypto income, raising $12M from friends, family, and investors
🔹Funds used for lavish lifestyle, not investments — incl. luxury hotels & a 2022 Jaguar SUV
🔹Son Brandon Austin earlier got 4 years; Dad also owes $12.66M restitution
#CryptoScam #Fraud #DOJ #LongIsland
-The Block$ETH $BTC
🚨 #HashFlare co-founders Sergei Potapenko & Ivan Turõgin face a wild twist! After pleading guilty to a $577M #crypto Ponzi scheme, DHS mistakenly ordered them to self-deport, despite a court order to stay in Washington until their August sentencing. 😱 The duo, who defrauded thousands via fake mining contracts, could face 20 years. Lawyers are fighting to keep them in the U.S. for now. What’s next for this #blockchain drama? Share your thoughts! 👇 #CryptoNews🚀🔥 #BinanceSquare #fraud
🚨 NEW: 🇧🇷 Brazil delivers a landmark sentence in a major crypto fraud case.
📢 Joel Ferreira de Souza gets 128 years for laundering funds tied to Braiscompany, a Ponzi-style scheme that ran from 2018–2023.
⚠️ Over 20K investors defrauded
📉 Estimated losses: $190M
📈 Promised returns: 8% monthly
#Crypto #Fraud #Brazil #Braiscompany #BTCRebound
📢 Joel Ferreira de Souza gets 128 years for laundering funds tied to Braiscompany, a Ponzi-style scheme that ran from 2018–2023.
⚠️ Over 20K investors defrauded
📉 Estimated losses: $190M
📈 Promised returns: 8% monthly
#Crypto #Fraud #Brazil #Braiscompany #BTCRebound
Rise in Cryptocurrency Frauds
The Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, recently highlighted the increasing number of frauds in the cryptocurrency space, which is linked to the historic surge in the price of Bitcoin. Gensler emphasized the risks associated with unethical practices in the crypto world and pointed out the volatile nature of Bitcoin, which can attract speculative investors.
Gensler pointed out the issues in the broader context of the crypto industry, including the dangers arising from inadequate information provided by digital asset intermediaries, which could jeopardize investors.
Year 2023: Record Year for Cryptocurrency Frauds
According to analysis by Chainalysis, frauds became a key factor in cryptocurrency-related crime in 2023, with generated revenues exceeding $4.6 billion. The FBI's report on internet crime shows that there was an increase in losses from crypto investment frauds in the USA to $3.94 billion, representing a 53% increase from the previous year. Investment frauds became the most common type of internet crime in 2023.
Reasons for the Increase in Frauds
The rise in frauds is linked to increasing interest in high-yield investment opportunities during strong market sentiment. Chainalysis research suggests that frauds generate smaller revenues during downturns in the crypto market.
Most Common Types of Fraudulent Schemes
The BBB's 2023 fraud report revealed that scammers come up with innovative methods to deceive investors, with approximately 80% of Americans targeted by crypto and investment frauds in 2022 experiencing financial losses. A significant increase was noted in cases of romance scams, which increased 85 times since 2020.
Pump and dump schemes are unpredictable and utilize new tokens to artificially inflate their prices, enabling fraudsters to make money when prices are at their peak. According to Chainalysis, only a small percentage of the more than 370,000 tokens launched on Ethereum in 2023 achieved significant liquidity.
How to Protect Oneself
The key to protecting oneself from frauds is to be vigilant and informed about potential risks. A proactive approach and caution in trading cryptocurrencies can help minimize the possibility of falling victim to frauds.
Conclusion
The risk of frauds is high in the cryptocurrency world, especially at a time when the market is constantly evolving and attracting new investors. It is important to be aware of potential dangers and take measures to protect your investments.
#crypto #fraud
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Gensler pointed out the issues in the broader context of the crypto industry, including the dangers arising from inadequate information provided by digital asset intermediaries, which could jeopardize investors.
Year 2023: Record Year for Cryptocurrency Frauds
According to analysis by Chainalysis, frauds became a key factor in cryptocurrency-related crime in 2023, with generated revenues exceeding $4.6 billion. The FBI's report on internet crime shows that there was an increase in losses from crypto investment frauds in the USA to $3.94 billion, representing a 53% increase from the previous year. Investment frauds became the most common type of internet crime in 2023.
Reasons for the Increase in Frauds
The rise in frauds is linked to increasing interest in high-yield investment opportunities during strong market sentiment. Chainalysis research suggests that frauds generate smaller revenues during downturns in the crypto market.
Most Common Types of Fraudulent Schemes
The BBB's 2023 fraud report revealed that scammers come up with innovative methods to deceive investors, with approximately 80% of Americans targeted by crypto and investment frauds in 2022 experiencing financial losses. A significant increase was noted in cases of romance scams, which increased 85 times since 2020.
Pump and dump schemes are unpredictable and utilize new tokens to artificially inflate their prices, enabling fraudsters to make money when prices are at their peak. According to Chainalysis, only a small percentage of the more than 370,000 tokens launched on Ethereum in 2023 achieved significant liquidity.
How to Protect Oneself
The key to protecting oneself from frauds is to be vigilant and informed about potential risks. A proactive approach and caution in trading cryptocurrencies can help minimize the possibility of falling victim to frauds.
Conclusion
The risk of frauds is high in the cryptocurrency world, especially at a time when the market is constantly evolving and attracting new investors. It is important to be aware of potential dangers and take measures to protect your investments.
#crypto #fraud
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Everyone beware of this person. A Trader. He is a total fraud and begherat scammer. Don't deal with this buyer.#fraud #P2PScamAwareness #P2PScam #p2p-scams
Crazy #Manipulation by #Bitget exchange 🚨
Dumped Native Token #BGB 🙄
In 1 Single Candle And Then Pumped Back To Make New High Next Hour 😂
#fraud
#howcantrust
Dumped Native Token #BGB 🙄
In 1 Single Candle And Then Pumped Back To Make New High Next Hour 😂
#fraud
#howcantrust
Did the FBI Create NexFundAI Token to Trap Crypto Fraudsters? 👀
The #FBI initiated an undercover operation by creating its own cryptocurrency token, “The #NexFundAI Token,” which operated on the Ethereum blockchain as a security. The token and a corresponding company were used to identify and disrupt alleged crypto fraud schemes, enlisting the services of the indicted firms in a strategic move to bring them to justice.
This marked an unprecedented approach in law enforcement’s efforts to combat #fraud in the crypto space.
Token contract: 0x16ca471aE755f8a2cD4eC315A4a7439dcfEBE54c
Link: https://etherscan.io/address/0x16ca471ae755f8a2cd4ec315a4a7439dcfebe54c
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
The #FBI initiated an undercover operation by creating its own cryptocurrency token, “The #NexFundAI Token,” which operated on the Ethereum blockchain as a security. The token and a corresponding company were used to identify and disrupt alleged crypto fraud schemes, enlisting the services of the indicted firms in a strategic move to bring them to justice.
This marked an unprecedented approach in law enforcement’s efforts to combat #fraud in the crypto space.
Token contract: 0x16ca471aE755f8a2cD4eC315A4a7439dcfEBE54c
Link: https://etherscan.io/address/0x16ca471ae755f8a2cd4ec315a4a7439dcfebe54c
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
@BNX is a fraud coin... I was in profit Yesterday I just thought I should wait more to dumb this coin to book more profit but today my future trade has been closed in lose for no any... They're money grabbers
$BNX #Fraud #Haramipan #Suspend #this #coin
$BNX #Fraud #Haramipan #Suspend #this #coin
🚔 Charges have been brought in New York against the organizer of a Ponzi scheme using digital assets, Idin Dalpura. The damage from the pyramid scheme is estimated at $43 million.
Dalpura offered investors from the USA and other countries the opportunity to earn "huge profits" of up to 42% annually by investing in the hotel business in Las Vegas and cryptocurrency trading. In reality, he paid money to old investors with funds from new ones.
The accused lost about $1.7 million from victims' funds in gambling, covered debts with them, and also paid for his children's education at a private school. Now he faces up to 20 years in prison.
#fraud #ScamRiskWarning #LasVegas #IdinDalpura
Dalpura offered investors from the USA and other countries the opportunity to earn "huge profits" of up to 42% annually by investing in the hotel business in Las Vegas and cryptocurrency trading. In reality, he paid money to old investors with funds from new ones.
The accused lost about $1.7 million from victims' funds in gambling, covered debts with them, and also paid for his children's education at a private school. Now he faces up to 20 years in prison.
#fraud #ScamRiskWarning #LasVegas #IdinDalpura
#BoycottHamsterKombat #fraud #scam #hamsterkombatscam #banhamsterkombat #reporthamsterkombat @everyone report HK on YouTube as well as on telegram. I didn't even cheat and mined all keys organically still they gave me ni airdrop just because I had more than 500 keys which I spent my hours days and even months on...
SBF, founder of FTX, requests a 6.5-year sentence and advises guards to invest in Solana
According to a recent article in The New York Times, Sam "SBF" Bankman-Fried, the founder of the cryptocurrency exchange FTX, is providing investment advice to prison guards and suggesting investments in the cryptocurrency Solana.
SBF's legal representatives seek a lighter sentence
The legal team of former FTX chief, Sam "SBF" Bankman-Fried, filed a motion in the Federal District Court in Manhattan requesting a sentence ranging from five and a quarter years to six and a half years. Following charges of multiple offenses including fraud and money laundering, which could have led SBF to face up to 110 years in prison, this request emerges as a response to last year's jury verdict.
Details of the charges and expected sentence
SBF faces charges of various financial crimes, including wire fraud, conspiracy to commit securities fraud, and money laundering. The sentence for SBF is scheduled to be handed down by Judge Lewis A. Kaplan on March 28, while federal prosecutors are expected to submit their sentencing recommendation by March 15. A preliminary investigation report suggested a sentence of 100 years.
Defense arguments for a reduced sentence
SBF's lawyers have labeled the proposed century-long sentence as "barbaric," pointing out that SBF is a first-time offender with no prior criminal record and that four co-defendants have confessed to the crimes. Furthermore, they argued that the damages to clients, creditors, and investors are zero, as the bankruptcy process of FTX is expected to enable full reimbursement to clients for their losses.
SBF's life in prison and his advice to prison guards
Since his imprisonment at the Metropolitan Detention Center in Brooklyn last summer, several stories about SBF have emerged from prison, including his offering of trading and investment advice to prison guards, recommending investment in the cryptocurrency Solana. This activity follows the collapse of FTX, one of the largest crypto exchanges, which was valued at $32 billion in January 2022 before collapsing in November of the same year due to mismanagement and fraud involving $8 billion of customer funds.
$SOL
#Solana #SBF #fraud
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
SBF's legal representatives seek a lighter sentence
The legal team of former FTX chief, Sam "SBF" Bankman-Fried, filed a motion in the Federal District Court in Manhattan requesting a sentence ranging from five and a quarter years to six and a half years. Following charges of multiple offenses including fraud and money laundering, which could have led SBF to face up to 110 years in prison, this request emerges as a response to last year's jury verdict.
Details of the charges and expected sentence
SBF faces charges of various financial crimes, including wire fraud, conspiracy to commit securities fraud, and money laundering. The sentence for SBF is scheduled to be handed down by Judge Lewis A. Kaplan on March 28, while federal prosecutors are expected to submit their sentencing recommendation by March 15. A preliminary investigation report suggested a sentence of 100 years.
Defense arguments for a reduced sentence
SBF's lawyers have labeled the proposed century-long sentence as "barbaric," pointing out that SBF is a first-time offender with no prior criminal record and that four co-defendants have confessed to the crimes. Furthermore, they argued that the damages to clients, creditors, and investors are zero, as the bankruptcy process of FTX is expected to enable full reimbursement to clients for their losses.
SBF's life in prison and his advice to prison guards
Since his imprisonment at the Metropolitan Detention Center in Brooklyn last summer, several stories about SBF have emerged from prison, including his offering of trading and investment advice to prison guards, recommending investment in the cryptocurrency Solana. This activity follows the collapse of FTX, one of the largest crypto exchanges, which was valued at $32 billion in January 2022 before collapsing in November of the same year due to mismanagement and fraud involving $8 billion of customer funds.
$SOL
#Solana #SBF #fraud
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Hamster has done a big scam with us, file a fraud case on the application as soon as possible and remove it as soon as possible.
.
#hamsterscam #hamster #fraud
#hamster
.
#hamsterscam #hamster #fraud
#hamster
🚨🔥🚀Breaking news!!!!!🚨🔥🚀
🚨“Indian Authorities Confiscate $190M from BitConnect Fraud”🚨
According to my research and after fetching some details about this, Indian authorities have reallocated $190 million roughly Rs 1,646 crore amid its examination into BitConnect cryptocurrency extortion. The examination was done by the Requirement Directorate (ED), Ahmedabad as portion of the progressing examination into the worldwide Ponzi plot, which collapsed in 2018.
On Saturday, the Requirement Directorate (ED) expressed that it has begun the request beneath the arrangements of the Anticipation of Money-Laundering Act (PMLA). The examination was based on the FIRs enlisted by the CID (Wrongdoing) police station, Surat in 2018. The ED said that the scammers supposedly assembled resources from speculators over the globe, counting India.
#Write2Earn #BNBChainMeme #PPIShockwave #btc #fraud
🚨“Indian Authorities Confiscate $190M from BitConnect Fraud”🚨
According to my research and after fetching some details about this, Indian authorities have reallocated $190 million roughly Rs 1,646 crore amid its examination into BitConnect cryptocurrency extortion. The examination was done by the Requirement Directorate (ED), Ahmedabad as portion of the progressing examination into the worldwide Ponzi plot, which collapsed in 2018.
On Saturday, the Requirement Directorate (ED) expressed that it has begun the request beneath the arrangements of the Anticipation of Money-Laundering Act (PMLA). The examination was based on the FIRs enlisted by the CID (Wrongdoing) police station, Surat in 2018. The ED said that the scammers supposedly assembled resources from speculators over the globe, counting India.
#Write2Earn #BNBChainMeme #PPIShockwave #btc #fraud
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