Crypto Scams and Hacks

Over $1 Million Lost By Rubic As Private Keys Were Reportedly Compromised

Over $1 Million Lost By Rubic As Private Keys Were Reportedly Compromised

The officials at Rubic recently reported that they suffered from an exploit that ended up costing them over $1 million. Rubic Exploited by Hackers Rubic is a major platform known for facilitating cross-exchange swaps for cryptocurrencies. The platform reported that it was exploited on Wednesday by hackers. The platform was hacked as the exploiters were able to gain access to the private keys that granted platform access to the hackers. The Rubic officials confirmed that unfortunately, it was not just a common user but the administrator, whose wallet access the hackers were able to exploit. Notification by Rubic The Rubic…
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MakerDAO Co-Founder Dies At 29 In Puerto Rico

MakerDAO Co-Founder Dies At 29 In Puerto Rico

Last week, Nikolai Mushegian, the MakerDAO co-founder and the decentralized stablecoin Dai, was found dead in the city of Puerto Rico. According to local media reports, the co-founder of the crypto lending platform died due to drowning as the sea currents on the Condado beach dragged him down. By the time his body was rescued in San Juan, Mushegian did not have any vital signs. The incident It should be noted that Condado beach is regarded as one of the most dangerous places for swimmers in the world, as it reports indicated that eight people lost their lives there last…
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Payback Ltd Review – Is It a Trustworthy Fund Recovery Firm?

Payback Ltd Review – Is It a Trustworthy Fund Recovery Firm?

Payback Ltd Review If you've been scammed recently or know someone who has been, you're probably looking for ways to get your money back. This Payback Ltd review will shed some light on how Payback Ltd is helping victims reclaim their money through its comprehensive recovery procedure. The Company Founded in 2018, Payback Ltd is the leading player in the scam recovery market. With a team of experienced professionals, Payback Ltd has helped thousands of people so far to get their money back from scammers. Payback Ltd is dedicated to providing its clients with the best possible service and is…
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BNB Chain Is Now Up And Running For Users After Falling Victim To An Exploit

BNB Chain Is Now Up And Running For Users After Falling Victim To An Exploit

As of October 7, the BNB Chain is active after being suspended due to maintenance work. BNB Chain has been launched by the Binance cryptocurrency exchange, which runs all of its operations through the particular network. BNB Chain is Up and Running On October 7, the officials at the BNB Chain confirmed that the network is back online after being suspended due to the exploit. After reporting the exploit, the BNB Chain officials reportedly shut down the blockchain claiming it was down for maintenance. However, the BNB Chain community knew that the brief suspension of the network was due to…
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Tornado Cash Is Back On GitHub After OFAC Guidance

Tornado Cash Is Back On GitHub After OFAC Guidance

Tornado Cash, the Ethereum coin mixer that had previously been taken down is now once more back on GitHub, the software hosting website. Last month, the crypto mixer had been blacklisted by the OFAC (Office of Foreign Assets Control) of the United States Department of the Treasury because it allowed users to receive and send Ethereum anonymously. After the sanctions, American citizens were no longer permitted to interact with the app, which obscures the origin of transactions by pooling them together. Tornado Cash is back Only hours after the OFAC had made its announcement, the software hosting website that developers…
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Another Hack Resisted by Rainbow Bridge Causing Hacker to Lose 5 ETH

Another Hack Resisted by Rainbow Bridge Causing Hacker to Lose 5 ETH

The developers behind Rainbow Bridge have made a public announcement about another hack. The platform has announced that they have successfully deflected and survived another hack. Rainbow Bridge is a platform that helps in the flow of provable data between Ethereum (ETH) and Near (NEAR). The provable data is verified cryptographically and its transfer is facilitated through the Rainbow Bridge. Rainbow Bridge Gave a Huge Shocker to the Hacker According to the latest information by Rainbow Bridge, it not only survived the hack but was able to go another mile in an interesting manner. As per the Rainbow Bridge teams,…
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Reserve Bank of India Declares Crypto as an Instrument of “Fraud” & “Consumers’ Nightmare”

Reserve Bank of India Declares Crypto as an Instrument of “Fraud” & “Consumers’ Nightmare”

Reserve Bank of India (RBI) had never lent out any sort of recognition nor any support to digital currencies ever, however, it has been continuously discouraging Indian to beware of them because they are instruments of “fraud” and “consumers’ nightmare”. It recently shared the same point of view when RBI said that engaging with cryptocurrencies may lead to consumers’ nightmares and expose them to risks of fraud and extreme volatility. The Financial Stability Report has recently been compiled and made public by the Reserve Bank of India (RBI). The report is comprehensive in nature as it expands over 150 pages…
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India’s Prime Minister Twitter Hacked By Crypto Fraudsters Again

India’s Prime Minister Twitter Hacked By Crypto Fraudsters Again

The Twitter account of India's Prime Minister, Narendra Modi, was hacked today. The hackers put up false information claiming that the government had chosen to adopt and legalize all cryptocurrencies and share 500 Bitcoin tokens amongst its citizens. Two days ago, the Prime Minister had been in attendance in a virtual global meeting on Democracy. Details Of The Cyber Attack Apart from offering technological solutions to help other countries curb electoral malpractice, the prime minister also called for a global regulatory framework on cryptocurrencies and social media. The Prime Minister cited that these revolutionary technologies have impacted electoral processes recently.…
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Asian Lonesome Hearts Deteriorating Target to Bitcoin, Tether Scammers

Asian Lonesome Hearts Deteriorating Target to Bitcoin, Tether Scammers

More Asian forlorn hearts are allegedly being deceived out of their well-deserved cash – and tokens like bitcoin (BTC) and tie (USDT) – by a developing number of tricksters who go after the clueless clients of dating applications. A few reports from the area have related how sentiment looking for cell phone clients have been sucked into traps by corrupt people acting like extraordinary global crypto dealers – just to loot their casualties utilizing counterfeit trade locales and other underhand strategies. Per UTY (using Yahoo Japan), a lady "in her 30s" from Kai, Yamanashi Prefecture, met a man professing to…
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Binance Wants Squid Token Rug Pullers To Face The Law

Binance Wants Squid Token Rug Pullers To Face The Law

So far this year, the squid token rug pull is the biggest. The token, which became popular on the back of the Netflix hit show squid game, surged in price to over $2,750 but dipped sharply to $0.001 within minutes. Those behind the rug pull made away with $3m. However, the global crypto exchange, Binance, has announced that it would make all efforts to ensure that these scammers face justice. Binance Collaborates With The Authorities An official from the exchange said there had been many rug-pulls in the crypto market in recent times. Hence, the company is seeking partnership with…
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Money-Back Review – Is Money-Back Scam or a Recommended Fund Recovery Company?

Money-Back Review – Is Money-Back Scam or a Recommended Fund Recovery Company?

Money-Back Review Have you been scammed lately? Are you grieving over what you've lost? Well, don't be disheartened anymore. You can now have all your money back. Yes, you read it right. There's an online firm called as Money-Back that could help you do that. Keep reading to find out more about this firm in this Money-Back review. Many years ago, trading was confined to the physical world, with both the broker and the trader meeting in person and interacting with one another. Certainly, it was time-consuming and physically exhausting, but it was completely safe. You were aware that everything…
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Claim Justice Review – Recover Your Lost Funds Now

Claim Justice Review – Recover Your Lost Funds Now

Claim Justice Review Claim Justice continues to fight against many of the criminal activities and is working hard with the greatest possible hard work and discipline to commend buyers with the guidance that they are legally entitled to receiving. Once you understand what exactly Claim Justice is and how genuine this firm is, you can decide whether you want to stay quiet or struggle to get your hard-earned money back in your hands. This Claim Justice review will explain things which you should know before joining this fund recovery service. In the last several generations, science has made great strides…
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Crypto Exchange Binance Hires Ex-Europol Dark Web Specialist

Crypto Exchange Binance Hires Ex-Europol Dark Web Specialist

Binance is on a mission to make its exchange the most secure and fundamental of all the crypto exchanges out there. To do so, Binance is only taking up the most exceptional and professional investigators and analysts from all over the tech industry. Recently Binance acquired a very prominent name in the crypto analysts for their investigations and audit team, and this week the same has happened but with a twist. This time around, they have gone for an Ex-Europol dark web specialist to join their investigations and audit team. Nils Andersen Roed is the new recruit of Binance for…
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The Crypto Exchange Cryptopia Goes into Liquidation Following a Major Hack in January

The Crypto Exchange Cryptopia Goes into Liquidation Following a Major Hack in January

The growing crypto industry is attracting an awful lot of hackers as they can easily take away huge amounts in no time without getting caught. Cryptopia, the crypto exchange hit by hackers on January 13, 2019, has finally gone into liquidation and halted all its trading operations. The Christchurch-based crypto exchange, which lost a whopping $23 million to hackers, has appointed Russell Moore and David Ruscoe from a tax audit and advisory company Grant Thornton as liquidators. The news was disclosed on Wednesday by one of exchange’s assigned liquidators. Cryptopia confirmed the news on its website, as well as on…
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