FTX says $415 million lost in hack

According to the BBC, collapsed cryptocurrency exchange FTX says that around $415m (£338m) of crypto has been stolen by hackers. About $323m was hacked from its international exchange and $90m from its US platform since the firm filed for bankruptcy, FTX’s CEO says.FTX co-founder Sam Bankman-Fried has been accused of stealing billions of dollars from … More FTX says $415 million lost in hack

Fake investment ads persist on Meta’s social networks

According to Computer Weekly, online adverts for investment scams relating to property and crypto assets are still getting past measures designed to stop them. Despite measures being put in place to block them, misleading and fraudulent investment adverts continue to be shown to UK consumers on Meta’s Facebook and Instagram platforms, according to consumer advocacy … More Fake investment ads persist on Meta’s social networks

Crypto mixers: What are they and how are they used?

How crypto mixers, also known as crypto tumblers, are used to obscure the trail of digital money. Coined during Al Capone’s times, the term ”money laundering” has since entered the general lexicon as criminals have been busy obscuring the source of their ill-gotten assets and making it appear as if the funds have come from … More Crypto mixers: What are they and how are they used?

The flip side of the coin: Why crypto is catnip for criminals

Cybercriminals continue to mine for opportunities in the crypto space – here’s what you should know about coin-mining hacks and crypto theft. Wherever you look these days, cryptocurrencies are in the news. And it’s not just because of the recent slump in their prices. Everybody seems to have grabbed a slice of the crypto pie … More The flip side of the coin: Why crypto is catnip for criminals

Common LinkedIn scams: Beware of phishing attacks and fake job offers

LinkedIn scammers attack when we may be at our most vulnerable – here’s what to look out for and how to avoid falling victim to fraud when using the platform. Job hunting is hard work, a kind of full-time job in itself. It requires focus and patience to go from one job posting to another … More Common LinkedIn scams: Beware of phishing attacks and fake job offers