AI firm Rabbit rejects Coffeezilla’s NFT scam accusation
A Rabbit spokesperson claimed that the Gama team was forthright with the open sourcing of the project and that the allegation was false. Go to Source
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Coffeezilla calls out AI firm Rabbit over alleged NFT scam
Coffeezilla said that the artificial intelligence product Rabbit R1 was overhyped, similar to the Gama NFT project, which he believes to be a “scam.” Go to Source
Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis
Falling crypto prices caused crypto scam revenue to plummet in 2022, though two scam types managed to persist. Go to Source Powered by WPeMatico
US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors
The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,’” the Department of Justice (DOJ) described, adding that millions of dollars in cryptocurrency were diverted for the NFT creator’s personal benefits. DOJ Takes Action Against NFT Rug Pull Scheme … Read more
British Army’s social media accounts hacked by crypto scammers
Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams. Go to Source Powered by WPeMatico
NFT Rug Pull: DOJ Charges Two People in Million-Dollar Scheme to Defraud Investors
The U.S. Department of Justice (DOJ) has charged two people allegedly behind a million-dollar non-fungible token (NFT) “rug pull” scheme. They abandoned the NFT project within hours after selling out, deactivated the website, and transferred over $1 million in crypto to the wallets they controlled, the justice department explained. NFT Purchasers Defrauded in a Rug … Read more
DOJ cracks down on ‘rug pulls’, charging Frosties NFT project founders
“You can’t solicit funds for a business opportunity, abandon that business and abscond with money investors provided you,” stressed IRS-CI Special Agent-in-Charge Thomas Fattorusso. Go to Source Powered by WPeMatico
Rare Bears Discord phishing attack nabs $800K in NFTs
The account of a moderator from the non-fungible token project was compromised in the attack, posting a phishing link that drained user wallets. Go to Source Powered by WPeMatico
Study Highlights the Most Common NFT Scams Amid the Current Mainstream Hype
As non-fungible tokens (NFTs) are becoming a global phenomenon increasingly due to their mainstream adoption, there are also concerns about the surge of related scams. A recent study revealed the most common NFT scams that are spreading on the net. Suspicious Domain Registrations With ‘NFT’ Word Surged 250% in March 2021 According to the research … Read more
