Coinatory

Social Engineering Scams Threaten Crypto Users, Says Coinbase CISO Jeff Lunglhofer, Chief Information Security Officer at Coinbase, warns that social engineering scams represent the most significant risk facing cryptocurrency users today. In a recent interview with crypto.news, Lunglhofer detailed the rising prevalence of these scams, which target both novice and seasoned crypto enthusiasts. “Social engineering scams are by far the number one threat to crypto enthusiasts and crypto holders and investors toda... Coinatory

Coinbase Warns Gen Z of Rising Crypto Scams Amid Growing Online Threats Coinbase has issued a stark warning about the growing wave of online scams targeting younger users, especially those in Generation Z. In a blog post published on October 8, the cryptocurrency exchange outlined key threats—social media fraud, romance scams, fake websites, and recovery schemes—urging users to remain vigilant. The platform emphasized that in the world of cryptocurrency, users bear full responsibility for securing their assets. U... Coinatory cryptocurrency news

South Korean Tech CEO Arrested in $366 Million Cryptocurrency Scam Byun Young-oh, the CEO of South Korean technology firm Wacon, has been arrested for allegedly orchestrating a $366 million cryptocurrency scam that defrauded over 500 investors. The scheme, executed through a platform named MainEthernet, reportedly involved a Ponzi-style operation, primarily targeting elderly citizens. Wacon, a company with approximately 12,000 members, is suspected of operating as a Ponzi scheme or multi-level marketing (MLM... Coinatory

Co-founder of BitAngels and BitAngels / Dapps Fund, Michael Terpin filed a lawsuit against AT&T telecom giant in Los Angeles court. He accuses the company of negligence, which led to a major theft of the cryptocurrency. The employees of the call center copied his phone number to intruders who stole from the crypto investor digital assets worth $ 24 million. The lawsuit says that over the past six months hackers have repeatedly cracked his mobile phone. Michael Turpin believes that it is either a criminal negligence or collusion of ... Read more about " AT&T sued due to theft of the cryptocurrency " on coinatory.com

The US President is "giving away" Ethereum and Bitcoin. President of the United States Donald Trump made 4229 false or misleading statements in 558 days. The Washington Post reported this yesterday. It seems that the scammers decided to help Mr. Trump improve already impressive figures. Tweet, published with a verified Twitter account that allegedly belonged to the president himself, made some serious noise in the entire social network. The record reported about "the largest cryptocurrency lottery". All you had to do to participate ... Read more about " The largest crypto lottery from Donald Trump " on coinatory.com

Since the beginning of this year, more than a thousand crypto startups have closed. This is reported by TechCrunch with reference to the sites Coinopsy and DeadCoins, which track "measured" projects from the crypto industry. Among these projects, there are projects that their creators stopped working on, as well as exemplary frauds. Among them is a fraudulent BRIG project from Jack and Jay Brig, who called themselves the brothers, and the Titanium project, against which the US Securities and Exchange Commission (SEC) opened an ... Read more about " More than a thousand cryptocurrency projects failed in 2018 " on coinatory.com