National Australia Bank (NAB) has taken proactive steps to restrict payments to certain crypto exchanges categorized as "high-risk." Though NAB has chosen not to disclose the specific platforms affected by these restrictions, it cited the prevalence of scams within the crypto industry as the driving force behind this decision. NAB ...
Simon Callaghan, the newly appointed CEO of Blockchain Australia, has called for collaboration between Australia's banks, government, and the cryptocurrency sector to combat the rising threat of cryptocurrency fraud. Speaking on June 30, 2023, during the closing day of Australian Blockchain Week in Melbourne, Callaghan announced that the organization's top ...
A recent case of fraud in northern China has raised concerns about the potential misuse of advanced "deepfake" technology for financial crimes. The incident involved the use of AI-generated voice and facial data to deceive a man into transferring 4.3 million yuan ($622,000) to a fictitious acquaintance. According to a ...
KuCoin, a cryptocurrency exchange, has responded to allegations that one of its customers is responsible for launching thousands of meme coin frauds. While the exchange confirmed that the wallet address associated with the complaint belonged to one of its users, it stated that it would only freeze the account if ...
According to TrustCheck, scammers have stolen over $300,000 from users who unknowingly connected their wallets to fraudulent sites while attempting to claim airdrops of BLUR tokens. The newly launched Blur platform has gained popularity in the NFT marketplace by attracting many users and generating high trading volumes because of its ...
