Lesson from Squid

    Seems like the numerous cryptocurrency scams have not taught anyone a thing. Moreover, people are falling victim to increasingly more primitive schemes – the criminals don’t even need to invent anything. We decided to figure out what can be learned from the collapse of the Squid token launched in the wake of the Squid Game…

    Scam-radar: What crypto scams are out there and how to avoid them

    One side effect of the blockchain industry’s explosive growth is an outburst of different scams, frauds, and other economic crimes “tied” to cryptocurrencies. The risk of running into shady characters in this area is now higher than in any other. It is why we decided to launch a series of articles on cryptocurrency scams and…

    Buying crypto in UAE: Avoid these newbie mistakes

    Looking to expand your crypto portfolio or invest in crypto the very first time? When it comes to cryptocurrencies like Bitcoin, most people worry about scams, while others fret over the lack of basic information. Crypto traders in UAE – especially millennials familiar with digital money, digital media, and digital friendships – are actively buying…

    Squid Game сryptocurrency turns out to be a scam after 40,000% spike

    A cryptocurrency based on the hit Netflix show Squid Game spiked 40,000% in its first few days of trading and then has crashed 99.99% on Monday. The anonymous scummers behind the SQUID token have officially pulled the rug on the project, making off with an estimated $2.1 million. The SQUID token made headlines in various…

    Poly Network hacker returns $342M after the biggest heist in DeFi history

    On Tuesday, the Poly Network suffered a $612-million hack that did the hacker steal assets from Ethereum, Binance Chain, and the Polygon Network. It’s the biggest heist in DeFi history. However, the suspected hacker already returned over half of the stolen funds, saying he did it “for fun.” On Aug. 10, a hacker exploited a…

    SEC first-ever charges DeFi company for $30 million token fraud

    The US Securities and Exchange Commission (SEC) charged Cayman Islands-registered DeFi Money Market (DMM) and its two top executives for unregistered sales of more than $30 million of securities using smart contracts and decentralized finance. This is the SEC’s first securities case involving DeFi technology. Florida residents Gregory Keough and Derek Acree, along with Cayman…