Schemes and Hacks

$21,000-drained-from-bank-of-america-account-as-customer-blasts-industry’s-push-to-protect-trillions-of-dollars
Posted by | April 20, 2024
$21,000 Drained From Bank of America Account As Customer Blasts Industry’s Push To Protect Trillions of Dollars

A Bank of America customer says he lost tens of thousands of dollars after bad actors found a way to hijack his account. California resident Jeff Drobman says the theft...

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defi-platform-hacked-for-at-least-$1,900,000-and-possibly-more-on-ethereum-and-arbitrum-blockchains
Posted by | April 19, 2024
DeFi Platform Hacked for at Least $1,900,000 and Possibly More on Ethereum and Arbitrum Blockchains

A decentralized finance (DeFI) protocol has been hacked to the tune of millions of dollars over the Ethereum (ETH) and Arbitrum (ARB) blockchains. In a new announcement, cybersecurity firm Cyvers...

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irs-official-anticipates-more-crypto-cases-amid-uptick-in-tax-violations,-says-public-private-partnerships-critical
Posted by | April 14, 2024
IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical

A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more crypto cases related to tax violations. In a new interview with CNBC, Guy Ficco, the...

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citibank-allows-fraudulent-wire-transfers-to-proceed-after-customers-report-scams,-ask-bank-to-freeze-accounts:-new-york-attorney-general
Posted by | April 13, 2024
Citibank Allows Fraudulent Wire Transfers To Proceed After Customers Report Scams, Ask Bank To Freeze Accounts: New York Attorney General

New York Attorney General Letitia James says one of America’s biggest banks does nothing to stop fraudulent wire transfers even after the bank’s own customers call to report fraud and...

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wells-fargo-says-it-has-suffered-data-breach,-blames-employee-for-exposing-personal-information-on-pair-of-customers
Posted by | April 13, 2024
Wells Fargo Says It Has Suffered Data Breach, Blames Employee for Exposing Personal Information on Pair of Customers

Banking titan Wells Fargo says it suffered a data breach that exposed sensitive information on at least two of its customers. In a letter, the California-based financial giant says personal information...

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us-hacker-handed-three-year-prison-sentence-for-looting-$12,000,000+-in-crypto-from-two-decentralized-exchanges
Posted by | April 13, 2024
US Hacker Handed Three-Year Prison Sentence for Looting $12,000,000+ in Crypto From Two Decentralized Exchanges

A US hacker convicted of plundering more than $12 million worth of crypto assets from two decentralized exchanges (DEXs) was sentenced to three years in prison. In July 2022, Shakeeb...

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phishing-scams-appear-as-ads-on-ethereum-block-explorer-etherscan:-report
Posted by | April 9, 2024
Phishing Scams Appear As Ads on Ethereum Block Explorer Etherscan: Report

Phishing scams are bubbling up on the Ethereum (ETH) block explorer Etherscan, according to the cybersecurity firm Scam Sniffer. The firm says Etherscan aggregates advertisements from crypto and web3 ad...

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$2,000,000-stolen-from-bank-of-america-account-in-devastating-scam,-triggering-lawsuit-for-alleged-negligence,-breach-of-contract-and-violation-of-federal-law:-report
Posted by | April 6, 2024
$2,000,000 Stolen From Bank of America Account in Devastating Scam, Triggering Lawsuit for Alleged Negligence, Breach of Contract and Violation of Federal Law: Report

An elderly woman who lost millions of dollars to scammers is hitting Bank of America (BofA) with a lawsuit over allegations of negligence, breach of contract and violation of federal...

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‘head-of-compliance’-at-infamous-$4,000,000,000-onecoin-crypto-scheme-sentenced-to-four-years-in-prison
Posted by | April 5, 2024
‘Head of Compliance’ at Infamous $4,000,000,000 OneCoin Crypto Scheme Sentenced to Four Years in Prison

A top executive of the fraudulent cryptocurrency scheme OneCoin will spend years behind bars for her role in the multi-level marketing (MLM) scam that swindled billions from victims worldwide. OneCoin,...

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search-engine-giant-google-suing-alleged-crypto-scammers-over-fake-android-apps:-report
Posted by | April 4, 2024
Search Engine Giant Google Suing Alleged Crypto Scammers Over Fake Android Apps: Report

Tech giant Google is reportedly launching a lawsuit against crypto scammers who allegedly employed fake Android apps to reel in their victims. According to a new report from Reuters, Google...

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