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Blockchain forks have played an important role in the evolution of cryptocurrency, leading to new innovations and alternative digital assets. However, scammers have taken advantage of the concept of hard and soft forks by launching fraudulent versions to deceive investors.…
Cryptocurrency mining is an essential part of the blockchain ecosystem, allowing users to earn rewards by validating transactions. As the demand for mining equipment grows, scammers have found ways to exploit new and experienced miners alike. One of the most…
QR codes have become an essential tool in the cryptocurrency world, making transactions faster and reducing human error when copying wallet addresses. However, scammers have found ways to exploit this convenience by creating fraudulent QR code generators that redirect funds…
In February 2022, the decentralized finance (DeFi) community faced a significant security breach when the Wormhole bridge was exploited. This attack resulted in the loss of approximately 120,000 Wrapped Ether (wETH), equivalent to over $320 million at that time. The…
Cryptocurrency is an exciting space, but it is also filled with scams designed to trap unsuspecting investors. One of the most deceptive schemes is the honeypot scam. A honeypot crypto scam lures investors into buying a token that appears lucrative. However,…
Flash loans have revolutionized decentralized finance (DeFi), enabling traders to borrow funds instantly without collateral. However, they have also introduced a serious security vulnerability known as the flash loan attack. These attacks exploit the mechanics of flash loans, allowing attackers to…
Social media has become a powerful tool for promoting cryptocurrency projects. However, scammers exploit this influence by creating fake Key Opinion Leaders (KOLs) and influencers to deceive investors. Fraudsters use deepfake technology, impersonate real influencers, or create entirely fictitious personas to endorse…
Introduction In August 2021, the decentralized finance (DeFi) platform Poly Network experienced a security breach resulting in the theft of approximately $610 million in various cryptocurrencies. This incident stands as one of the largest in DeFi history, highlighting significant vulnerabilities…
In December 2021, BadgerDAO, a popular decentralized finance (DeFi) protocol, experienced a devastating cyberattack. Hackers exploited vulnerabilities in the platform’s user interface, stealing approximately $120 million from unsuspecting users. Unlike typical smart contract attacks, this exploit targeted front-end vulnerabilities. Consequently,…
The cryptocurrency world is full of opportunities, but it is also a breeding ground for scams. One of the most notorious frauds in the industry is the rug pull scam. Rug pulls occur when developers create a seemingly legitimate cryptocurrency project,…
