Scams

Stay updated on scams in the crypto space including phishing, pump and dump schemes, rug pulls, fake ICOs, airdrop traps, and memecoin fraud. From wallets and DeFi to NFTs and DEXs, learn about the risks and tactics used by scammers.

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Operation Atlantic unites US, UK and Canada to stop approval phishing crypto scams

The U.S., the UK and Canada have launched Operation Atlantic to disrupt crypto scams by detecting suspicious activity before funds leave victims' wallets. The effort prioritizes "approval phishing" and "pig butchering" schemes, with investigators planning to work with exchanges and VASPs and contact potential victims by phone or email when wallets appear at risk.

Cointelegraph by Brian Quarmby

ASIC flags AI and ‘finfluencers’ as Gen Z crypto ownership in Australia reaches 23%

Australia's corporate regulator ASIC said a Gen Z survey found 23% of respondents own crypto and warned that social media "finfluencers" and AI chatbots can contribute to riskier financial decisions. The poll of 1,127 Australians aged 18–28, conducted Nov. 28 to Dec. 10, found 63% use social media for financial guidance and 18% use AI platforms, while 64% said they trust AI.

WazirX to Resume Trading October 24 After 16-Month Suspension Following $220M Breach

WazirX to Resume Trading October 24 After 16-Month Suspension Following $220M Breach

NHL grants Kalshi and Polymarket trademark licenses in first such deal by major USA sports league

NHL grants Kalshi and Polymarket trademark licenses in first such deal by major US sports league

Hristina Vasileva

LMTS Token Drops 58% as Limitless Team Wallet Sells $1.4M After Launch

Limitless's native token LMTS fell over 58% on October 22, hours after its token generation event. On-chain data show a team-controlled wallet sold $1.4M worth of tokens, triggering a price collapse from $0.35 to $0.20. The project's founder attributed the activity to an on-chain market-maker strategy using concentrated liquidity on Aerodrome.