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Fraudsters swindled nearly 50,000 francs from Zurich cab driver Erhan C. by impersonating UBS employees and using spoofed phone numbers. After a series of deceptive calls, they gained access to his e-banking through a malicious app. Despite security measures in place, the banks involved, including Valiant and Postfinance, faced criticism for their inability to prevent the fraudulent transactions.
A hacker briefly accessed Litecoin’s X account, falsely claiming that LTC was now available on the Solana platform and promoting a scam token linked to it. The unauthorized posts were quickly deleted, and the Litecoin team is investigating the breach. Despite the incident, LTC's price remained stable at $104.10, reflecting a 1.4% increase for the day.
David Schwartz, CTO of Ripple, has issued a warning to the XRP community about sophisticated phishing scams targeting Coinbase users. He shared a fraudulent email urging recipients to click a link to update their account, emphasizing that such communications are scams designed to steal sensitive information. Schwartz's alert highlights the importance of vigilance and common sense in protecting against the increasing frequency of cryptocurrency-related scams.
In 2024, the crypto sector faced unprecedented losses of $3.01 billion due to hacks and scams, with North Korean hackers responsible for $1.34 billion, including a significant $300 million theft from Japan’s DMM Exchange. The WazirX hack revealed critical vulnerabilities in crypto infrastructure, leading to $230 million in losses and highlighting the urgent need for enhanced security measures. Despite efforts, recovery remains low, with only $488.5 million retrieved, underscoring the ongoing threat posed by sophisticated cybercriminals.
Shiba Inu's reward token, TREAT, is set to launch on January 14, 2025, with KuCoin as the first centralized exchange to list it. The SHIB community is urged to remain cautious of scammers exploiting the excitement around TREAT, as fraudulent offers are already circulating. Users are advised to verify information through official channels to avoid falling victim to scams.
As Bitcoin targets $150,000, the cryptocurrency market is set for a significant bull run, with Solana and Lightchain AI positioned for substantial growth. Analysts predict Solana could exceed $600, while Lightchain AI's price may reach between $1 and $3, driven by increased adoption and innovation in their ecosystems.
OKX has issued a warning about a fraudulent Firefox extension posing as its wallet, emphasizing that no official plugins exist for the browser. Users are urged to transfer funds to secure wallets if they have used the fake plugin, as it could lead to phishing and theft of cryptocurrency. The company has filed a complaint with Firefox administrators for its removal.
Phantom faced backlash after AceofAI's announcement of a supposed partnership, which led to a surge in the $ACE token's value. However, Phantom clarified that there was no official partnership, causing the token's value to plummet over 90%, resulting in investor losses and accusations of misleading communication. Users expressed their frustration on social media, questioning Phantom's responsibility in the matter.
Scammers are exploiting the excitement surrounding the upcoming launch of Shiba Inu's TREAT token on January 14, 2025, targeting the community with fake giveaways, phishing emails, and forged social media accounts. Users are urged to remain vigilant and report suspicious activities, as fraudsters are using the hype to promote fake TREAT services. The Shiba Inu team emphasizes the importance of verifying information and protecting personal data to avoid falling victim to these scams.
In early January 2025, global law enforcement intensified efforts against cryptocurrency scams and AI deepfake fraud. Vietnamese police arrested four individuals linked to a crypto-mining scam that defrauded over 200 victims, while Hong Kong authorities apprehended 31 scammers using AI deepfakes to steal approximately $4.37 million from international victims.
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