A group of four Hong Kong fraudsters, who swindled victims’ digital assets worth $ 1.4 million between October 2023 and July 2024, have been apprehended. The suspects, aged 14 to 39, are charged with conspiracy to defraud and possession of 5,000 counterfeit banknotes. According to Hong Kong laws, producing and circulating counterfeit currency can …
Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$ 2.55 million (US$ 326,130), a significant increase from last year’s 553 notes worth HK$ 166,220. Three major cryptocurrency-related fraud cases …
According to onchain analyst Zachxbt, hackers got away with more than $ 768,000 after sneaking a counterfeit Ledger Live application into the Microsoft App Store. Out of the stolen stash, the attack netted over 16.8 bitcoins worth $ 588,000. Hackers Steal Over $ 760,000 in Crypto Through Fake Ledger App on Microsoft …
Following the announcement by Paypal of the introduction of a novel stablecoin asset named PYUSD, a wave of counterfeit Paypal tokens has emerged on decentralized exchange (dex) platforms, including Uniswap. The absence of an official release of PYUSD’s token address by Paypal or Paxos has paved the way for the creation of these fraudulent tokens, […]