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KuCoin Twitter Hack Leads to Loss of Funds
KuCoin's official Twitter account was hacked, leading to users losing their funds in a fake giveaway event. The exchange pledged to reimburse the victims and improve security measures to prevent similar incidents. This incident highlights the growing trend of hackers taking over official Twitter accounts of crypto exchanges and NFT projects to promote scams.
Cryptocurrency Phishing Attacks Rise by 40% Year-on-Year in 2022
Kaspersky, a Russian cybersecurity and anti-virus provider, has reported a 40% year-on-year increase in cryptocurrency phishing attacks in 2022. The attacks involve reaching out to investors through fake websites and communication channels that mimic official companies, prompting users to share personal information such as private keys. Attackers are evolving their strategies to lure unwary crypto investors. Recently, hardware cryptocurrency wallet provider Trezor warned against attempts to steal users' crypto through fake Trezor sites. In a survey, one out of seven respondents admitted to being affected by cryptocurrency phishing.
Scammers adapt to survive during crypto winter
While crypto scam revenue dropped by 46%, scammers adapted and shifted their strategies to prey on people's emotions, with romance and giveaway scams on the rise.
Cerus Markets Launches its Mobile Trading App $10,000 Giveaway
Cerus Markets is excited to launch its Mobile Trading App Giveaway!