In 2024, crypto scams soared, with reported losses reaching $9.3 billion, a 66% increase from the previous year. This surge eroded investor confidence, triggering price declines in major cryptocurrencies. Bitcoin dropped 3.2% to $66,300, while Ethereum fell 2.8% to $2,380. Trading volumes spiked, with BTC seeing an 18% increase. AI-related tokens, like Fetch.ai, also suffered, […]
Cryptocurrency adoption has surged, prompting millions to engage in buying and selling digital assets. However, this growth has introduced significant security risks including phishing attacks, hot wallet exposure, exchange breaches, malware, fraud, and human error. Common protective measures include using 2FA, avoiding SMS authentication, utilizing cold wallets for significant holdings, and verifying transaction details. Users
Top 9 Crypto Security Risks and How to Mitigate Them Read More »
Nike is facing a lawsuit after shutting down its NFT business, which it acquired in 2021 through RTFKT Studios. Investors, led by Jagdeep Cheema, claim they incurred substantial losses as demand for Nike-themed NFTs plummeted post-announcement of RTFKT’s closure. They argue they wouldn’t have purchased the NFTs if they had known they were unregistered securities.
A Wisconsin woman lost over $80,000 in a crypto scam, initially drawn in by promises of significant returns and fake investment dashboards. After investing $30,000, she was told her funds nearly doubled, leading her to invest a total of $55,000. To cash out purported earnings of $100,000, she paid an additional $30,000 in taxes and