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Pseudonymous on-chain cryptocurrency analyst ZachXBT is one of the most respected voices in the crypto space — but surprisingly enough, he doesn’t offer investment advice. Instead, the ‘crypto sleuth’ has taken to unveiling and publicizing the many scams running rampant in the world of digital assets. The blockchain detective has also exposed several high-profile hacks — most recently, a $112 million XRP breach on January 31 and a $35 million Atomic Wallet hack in June of 2023. Picks for you If you put $1,000 into an Anthony Scaramucci crypto portfolio at the start of 2025, here’s your return now 1 hour ago Buy signal for two oversold cryptocurrencies amid Trump’s tariffs crash 1 hour ago ...

The memecoin mania is back to the cryptocurrency market with even more euphoria, more efficient tools to give traders an edge, and more elaborated scams, or rug pulls, created to extract liquidity and get people’s money. In this context, a self-proclaimed “professional rugger puller” posted two signals memecoin traders should watch to spot and avoid grifters. A rug pull in crypto happens when a project or token is created without a long-term goal. Instead, its goal is to attract easy liquidity, get people’s money, and exit for the next scheme. The X account, scooter , explained how identifying “sniping” and “wash trading” can help to avoid the most obvious scams in memecoins. To conclude, he explained that people should do basic research before buying anything. Picks for you Here’s how Cardano...

Lloyds Bank has published a new report highlighting scams on e-commerce websites. According to the report, thousands of customers have been lured into shopping online by fraudulent websites showing fake items. The bank estimates that $8 million went into the hands of scammers last year in the UK alone. Also Read: BRICS: Chinese Yuan Beats Euro To Become the Second Most Used Currency The scam details are simple: All it takes is to create a website with images of the products. The scammers masquerade as popular brands on social media and put out advertisements based on their shopping preferences. Several of them launched websites with new brand names, copying the product images from other sites, reported Lloyds Bank. Cheap Bargains Led to $8 Million Worth of Fraud: Lloyds Bank outlookmoney.com The banking giant revealed that scammers offer heavy discounts on prices, luring customers into buying their products. Lloyds Bank reported that these types of scams have risen 211% compared to th...

Ireland ’s second most senior politician received permission on Thursday to serve Google a notice demanding it reveal who paid for Scam crypto ads bearing his likeness. As reported by RTE, lawyers representing Tánaiste Mícheál Martin, a minister of the Fianna Fáil party, were permitted by the High Court to serve Google Ireland and Google LLC the notice.  The notice allows Martin to take Google to court and challenge it to give up the identities of those publishing crypto ad scams using his likeness. Specifically, he wants to know from where the ads originated and the details of the accounts funding them.   The ads displayed a made-up newspaper article with fake quotes from Martin claiming he was backing an automatic crypto trading program that could “ transform anyone into a millionaire within three to four months .” They also claimed that Martin received threats from large corporations after the crypto software made him “tens of thousands” in euros every day. The Fianna Fáil ...