Tag: scams

Pump.fun Dominates Solana Meme Coin Launches Amidst Scams and Controversy

Pump.fun Dominates Solana Meme Coin Launches Amidst Scams and Controversy

Pump.fun has emerged as a dominant force in the Solana meme coin market, generating over $700 million in cumulative revenue and briefly becoming the second-largest DeFi protocol after Uniswap in May 2024. The platform is incredibly successful, but it’s rife with controversy. It’s notorious for scams and pump-and-dump schemes, leading...

CryptoZoo Aftermath: Lessons Learned & Web3 Accountability

CryptoZoo Aftermath: Lessons Learned & Web3 Accountability

The CryptoZoo scandal, while no means exclusive to the CPG industry, is a cautionary tale and reminder of what makes this Web3 space so risky. Influencer Logan Paul went all in promoting the project. It offered an innovative, cutting-edge, and highly profitable opportunity by way of NFTs and a play-to-earn...

Stillwater's Crypto ATM Ban: Fighting Scams or Stifling Innovation?

Stillwater's Crypto ATM Ban: Fighting Scams or Stifling Innovation?

Cryptocurrencies have opened new economic opportunities while challenging cities with difficulties in other locations. While some embrace the innovative potential of digital assets, others grapple with the associated risks, particularly the rise in scams and illicit activities. Stillwater, Oklahoma is one such city, recently considering a ban on cryptocurrency ATMs...

Trump's Crypto Game A Wolf in Sheep's Clothing?

Trump's Crypto Game A Wolf in Sheep's Clothing?

Here we go again. The Trump clan knew how to make news. They’re going all in on the crypto craze with a buzzworthy new game scheduled to drop in late April 2025. It’s Monopoly meets blockchain, digital real estate fueled by NFTs, and a ton of buzzword potential for, uh…something....

AI Crypto Scams in Israel 3 Ways to Fight Back and Win

AI Crypto Scams in Israel 3 Ways to Fight Back and Win

Start-up nation is now under siege by a different kind of criminal – the AI-driven crypto scammer. We’re not discussing your standard phishing email here. These include complex operations who are deploying deepfakes, impersonating celebrities and even developing entire fraudulent investment platforms. It’s the greatest digital illusion ever — glistening...

Regulatory Void and Scams Plague Israel's Growing Crypto Market

Regulatory Void and Scams Plague Israel's Growing Crypto Market

Israel’s crypto market is at its peak of popularity. Widespread adoption this growth is being threatened by the surging tide of fraud and lack of regulatory appetite. Conflicting estimates of digital wallet ownership and billion-dollar assets underscore the need for clear standards and consumer protection.Government agencies provide differing estimates about...

Crypto's Broken Promises? US Hearings Expose the Real Victims

Crypto's Broken Promises? US Hearings Expose the Real Victims

The US House hearings on digital assets painted a picture of Republicans pushing for innovation and regulatory clarity, while Democrats voiced concerns about consumer protection. Amidst the talk of blockchain in agriculture and the SEC's supposed overreach, a critical question remains: Who really benefits from this brave new world of...

Crypto Scams Halted? Ohio's Bitcoin Recovery Offers Hope For All

Crypto Scams Halted? Ohio's Bitcoin Recovery Offers Hope For All

Imagine this: you’re 73 years old. You've saved diligently your entire life. Until, one day, a terrifyingly timed pop-up message appears on your screen, telling you that someone has hacked into your laptop. Someone on the other end of the line purporting to be technical support. Don’t worry. It gently...

NY Attorney General Pushes for Federal Crypto Regulations Amidst Surge in Scams

NY Attorney General Pushes for Federal Crypto Regulations Amidst Surge in Scams

New York Attorney General Letitia James, meanwhile, has urged Congress to pass wide-ranging federal legislation to govern cryptos. James goes on to caution that the lack of any nationwide standards are putting U.S. investors and markets in peril. She cautions against the dangers of having a wildcat cryptocurrency industry. She...