Heads up to Ledger users! Or, a more advanced email phishing scam could be alarming you with a bogus copycat site designed to drain your crypto holdings. This latest scam first popped up around two weeks ago. It takes advantage of previous data breaches and uses fear of the unknown...
The world of crypto—as promising and lucrative as it may be—is a wild west riddled with cybercriminals. Mehdi Farooq, a New York-based venture capitalist, was recently the target of a particularly advanced phishing attack. This case is a timely reminder of the dangers that continue to evolve in the crypto...
The news hit me like a cold wallet: A crypto VC, someone supposed to be at the bleeding edge of finance, fell for a phishing scam and lost a chunk of their life savings. Mehdi Farooq of Hypersphere, a guy betting on the future of digital assets, got rekt by...
Mehdi Farooq, investment partner at Hypersphere, who recently survived a particularly sophisticated phishing attack. This cyber attack set him back tens of thousands of dollars, a significant blow to his life savings. The attack included a very artistic honeypot Zoom call. This recent situation is further evidence of the evolution...
The crypto universe may not have delivered on its promise of true decentralization and financial independence, it has delivered a playground for scammers to exploit naive users. The recent attack on Ledger demonstrates the very real dangers of downloading crypto hardware from sources that can’t be verified. One unfortunate cryptocurrency...
Imagine the pain of building a better future for yourself through an extraordinary lifetime of work and thrift. You plan for a comfortable retirement, only to have it all wiped out with a click in cyberspace. One cryptocurrency investor lost an astonishing $6.9 million—their entire life savings—to a cold wallet...
Let's be brutally honest – getting your crypto stolen feels like being punched in the gut, then finding out your insurance policy doesn't cover "digital punches." As the crypto world matures there are lots of fascinating opportunities, especially around decentralized finance. Inside, though, it’s crawling with sophisticated scams that can...
Cryptocurrency related scams are out of control. In just 2024 year-to-date, criminals have made off with an estimated $2.2 billion, representing a jaw-dropping 21% increase over last year. Even with tremendous work from law enforcement and the nonprofit blockchain investigative community, only a small percentage of victims ever see their...
Let's be real. You’re reading this because you’re either concerned about falling victim to a fraud scheme, or even more concerningly, you already have. Instead, you should be flooded with a QB-scrambling, post-collision medley of rage and irritation. You might be wondering Why am I such an idiot? I get...
A recent, complex crypto hack, amounting to a staggering $6.9 million has been linked to a fake cold wallet purchased via TikTok. This recent incident, which played out overnight, is a salient example of the growing threat of fake hardware wallets making their way into internet marketplaces. Federal and state...
