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Bitrace Discovers New Crypto Scam Using QR Codes
By Philip Maina 3 days agoSat Aug 10 2024 09:38:50 Reading Time: 2 minutes Bitrace has discovered that scammers are now using QR codes to steal funds Scammers are asking victims to scan QR codes under the guise of a payment transfer test Bitrace noted that the scammers target crypto users open to conducting over-the-counter trades Crypto scammers continue inventing new ways to siphon funds from unsuspecting victims with their latest invention being the use of QR codes. The scammers target people willing to conduct over-the-counter (OTC) crypto trades instead of going through an exchange. Malicious actors disguise the QR...
Daily Active Ethereum Addresses Rise by Over 120%
By Philip Maina 2 weeks agoSun Jul 28 2024 12:11:13 Reading Time: 2 minutes Active addresses across the Ethereum blockchain have increased by over 120% in six months Ethereum-based networks with the highest daily active addresses include Base and Linea The rise in active addresses across the blockchain is influenced by ongoing campaigns by the blockchain’s scaling layers The Ethereum blockchain registered an uptick in daily active addresses in the last six months with the rise attributed to campaigns by Ethereum layer 2 platforms. According to a report by Coinbase Institutional and Glassnode, Arbitrum, Linea and Base are among the...
Cleveland Man Loses $400,000 in Apple Support Scam
By Mark Hunter 5 days agoFri Nov 29 2024 10:51:33 Reading Time: 2 minutes Federal authorities recently seized nearly $1 million in cryptocurrency linked to a scam that defrauded an elderly Ohio man of his life savings The victim was deceived by fraudsters posing as Apple support representatives, who gained remote access to his computer The funds were seized and are in the process of being returned to the victim Federal prosecutors in Cleveland are seeking the forfeiture of approximately $1 million in Tether (USDT) seized from scammers who drained an elderly Elyria man’s life savings. The victim, believing he...
