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Investors who lack experience and knowledge about new asset class an easy prey for bad actors

If anyone you follow on Twitter is asking for cryptocurrency donations all of a sudden, it's most likely a scam

Have Those Behind Defi100 Crypto Project Scammed Investment $32 Million? The cryptocurrency has clarified that its website was hacked and the hackers had put the message By Edited by Gadgets 360 Newsdesk | Updated: 24 May 2021 12:16 IST Photo Credit: Reuters Highlights The project's official Twitter handle now says that it was hacked It added that the investment in the project is still safe DeFi100, a cryptocurrency project, allegedly scammed investors of $32 million (roughly Rs. 233 crore) according to reports and tweets. However, the project has now issued a...

Highlights Now she has lost all her savings to a Bitcoin scam. She fell for a scam in which scammers were using a fake BBC website There’s no doubt that Elon Musk has a great influence over cryptocurrencies, especially Bitcoin. Previously, his electric car company Tesla had announced that it’ll be accepting payments in Bitcoin, fuelling the rally of the coin.  While Tesla has now refused to accept Bitcoin as a payment mode, Musk is still having a great influence over the crypto market. Cashing in on Musk’s popularity, online scammers are misusing his name to dupe investors, especially...

Investors File Class Action Lawsuit Before the National Court of Spain Over an Alleged $298M Crypto Scam A group of Spaniards filed the first crypto-related class-action lawsuit before the National Court of Spain on an alleged million-dollar scam. The lawsuit targets an individual accused of allegedly scammed over 300 small crypto investors across Spain. Money Stolen Could Amount Up to $3.58 Billion Per El País, the class-action lawsuit claims that an individual named Javier Biosca Rodríguez allegedly scammed over 250 million euros ($298 million) in cryptocurrencies from ...