Tag: cryptocurrency

Bitcoin scams, hacks and heists – and how to avoid them

April 15, 2024

Here’s how cybercriminals target cryptocurrencies and how you can keep your bitcoin or other crypto safe. Bitcoin is on a tear. The world’s largest digital currency by market cap passed its previous record value of nearly $69,000 in early March. It’s now worth an estimated $1.3 trillion. Yet the fluctuating value of cryptocurrency doesn’t necessarily correspond to … More Bitcoin scams, hacks and heists – and how to avoid them

MrBeast and BBC stars used in deepfake scam videos

October 5, 2023

The world’s biggest YouTuber, MrBeast, and two BBC presenters have been used in deepfake videos to scam unsuspecting people online. Deepfakes use artificial intelligence (AI) to make a video of someone by manipulating their face or body. The BBC writes* one such video appeared on TikTok this week, claiming to be MrBeast offering people new … More MrBeast and BBC stars used in deepfake scam videos

Major new crypto wallet phishing campaign targets Trezor users

March 3, 2023

Techradar reports A new phishing campaign has been discovered targeting cryptocurrency hardware wallet firm Trezor. These wallets allow crypto users to store their funds offline, rather than in a “hot wallet” (a mobile or desktop app), or with a third party (an exchange, a custodial service, or a lending/borrowing firm). Hardware wallets, also known as … More Major new crypto wallet phishing campaign targets Trezor users

FTX says $415 million lost in hack

January 18, 2023

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

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

June 20, 2022

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?