Get updates about Cryptocurrency Scams in Nigeria and around the World
Hundreds of fraudulent blockchain project participants have been scammed, most of them pinkoin investors in Benue State and across Nigeria.
Pinkoin is a non-existent digital currency being promoted by Inksnation which is registered under iBSmartify Nigeria by one Omotafe Sewanu, who promised hundreds of Nigerians more than 100% of their investment.
A few weeks ago, a friend called my attention to pinkoin, a digital asset by InksNation which claims to reduce poverty in the World by allocating coin to every member of its community.
In this post, I’m not going to delve into how it plans to pay a member (who joins with N1,000) a lifetime of N120, 000 or $342 monthly, rather I’ll tell you eight cogent reasons why I believe that iBSmartify, the company that registered the coin, is another scam set out to rip you off your hard-earned money.
Findings have shown that a scam cryptocurrency browser extension could redirect you to a fake Metamask domain, where coins in your wallet could be stolen.
It was gathered that crypto funds have been stolen via fraudulent Chrome browser posing as the ethereum-based wallet Metamask, a crypto intelligence firm reported.
Blockchain industry in Nigeria is growing astronomically and as usual, scammers are out there to exploit unsuspecting interested individuals who want to invest in cryptocurrency.
To curb the excesses of crypto scam and fraud in the blockchain space, the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) was birthed in 2018 with Paul Ezeafulukwe as its President.
Five months after Nigeria’s Securities Exchange Commission (SEC) warned Nigerians to steer clear of Inksnation, the country’s anti-graft agency has finally declared the founder of a scam coin Inksnation wanted.
It seems the world is moving towards digital currency, making thousands of people around the world to get involved, in all these how do you identify cryptocurrency scams and fraudulent Initial Coin Offerings (ICOs)?
Bitcoin and other cryptocurrencies were established to bring about a new and secure means of transaction, free from bankers and brokers.
But, as this technology becomes more popular across the world, many people are now becoming uneasy with the idea of being the only ones with access to their online investment.
A Malta-based cryptocurrency trading exchange platform OKEx has explained how hackers gained access into its trading cryptocurrencies platform stealing $5.6 million worth of Ethereum Classic in the process.
An Australian Court has jailed a woman hacker for stealing 100,000 units of the ripple (XRP) worth $300,000.
Information Age, a local media in Australia reported that Kathryn Nguyen, 25, was sentenced to a maximum of two years and three months in jail.
South Africa is working on a blockchain-powered highways toll payments, report from the country has said it’s due for launch before the end of 2020.
It’s gathered that KEB Hana Bank, one of the biggest commercial institutions in the country has partnered with the Korea Expressway Corporation for the design and launch of the blockchain-based toll system.
Thousands of Nigerians have taken to Facebook to lament over their inability to access opaybinary investment dashboard, a platform that promised them 2.2% daily interest.
A sane business or investment will never promise you a 66% monthly interest rate on your investment, 2.2% is 66% per month
Authorities in China have arrested 109 members of PlusToken project scam, which has been described as one of the biggest cryptocurrency scams in recent years.
It was gathered that 27 members who were members of the project had fled the country while 82 were key members if the scam, reported Cailian News.
A cryptocurrency research-based website Cryptonomist has reported the discovery of 143 scam bitcoin websites which were targeted at crypto enthusiasts around the World.
The research-oriented website said it discovered the scam websites through a casual conversation with a criminal.
Cryptocurrency scam is gaining momentum globally, the newest being bitcoin scam in which the name of Philippines’s Finance Secretary Carlos G. Dominguez III was used for a series of scam.
In a bid to clear his name of the scam-related dealings, Carlos G. Dominguez III has reached out to the Department of Justice in the United States.
About 2,500 stolen bitcoins (28 million US dollars) from the 2016 Bitfinex breach have been transferred from the hacker’s wallet, reported Whale Alert, an advanced blockchain tracker and analytics system reporting large and interesting transactions.
If anyone promised you that your bitcoin investment would multiply by 50% within 24 hours, you need to think twice before you jump into such business opportunity. It could be bitcoin ponzi. So what’s bitcoin ponzi?
Hackers on Wednesday, July 15, 2020 carried out a well-coordinated cryptocurrency giveaway scam after gaining access to at least top 22 richest Twitter accounts globally.
After the attack, hackers allegedly received millions of dollars and Twitter released a statement a few minutes after the biggest attack that it is investigating the hacking.
More facts have emerged why Nigeria’s anti-graft agency arrested Kirikiri Prison Deputy Controller Emmanuel Oluwaniyi.
The controller was arrested by the Economic and Financial Crimes Commission (EFCC) alongside a medical doctor at the facility Hemeson Edwin for abetting crime.
Following the successful hacking and stealing of $534 million from CoinCheck NEM wallets, one of the Japanese largest cryptocurrency trading platforms Friday, January 26, 2018, here are some of the things you probably want to know:
