FBI Warns of Rising Blockchain Scams: An Intricate Tug-of-War for Crypto Enthusiasts

The FBI warns of an alarming increase in social media-related blockchain and crypto scams. These scams involve impersonations of credible figures in the crypto industry, creating a rushed atmosphere to coax victims into engaging with fake websites, thereby stealing victims’ crypto assets or NFTs. This article underscores the importance of remaining discerning and scrutinizing crypto ‘opportunities’ before interaction.

Inferno Drainer: How a Scam-as-a-Service Stole $6M and What We Can Learn From It

A scam vendor called “Inferno Drainer” has stolen $5.9 million in assets from 4,888 victims across 689 phishing websites. Specializing in multi-chain scams, Inferno Drainer provides scammers with ready-to-go code in exchange for a 20% cut of stolen funds. Crypto scams and hacks continue to pose a threat, reinforcing the importance of security and vigilance in the crypto market.