Search results
Results from the WOW.Com Content Network
On January 27, 2022, Qubit Finance (DeFi) lost around $80M worth of Binance Coin due to a flaw in the smart contract that enabled the withdrawal of the said amount in exchange for a deposit of 0 ETH. [34] In March 2022, [35] the largest cryptocurrency theft of the year, US$625 million in ether and USD coin was stolen from the Ronin Network ...
The black money scam, sometimes also known as the "black dollar scam" or "wash wash scam", is a scam where con artists attempt to fraudulently obtain money from a victim by convincing them that piles of banknote-sized paper are real currency that has been stained in a heist. The victim is persuaded to pay fees and purchase chemicals to remove ...
Binance USD (BUSD) was a US Dollar-pegged stablecoin issued by Paxos on the behalf of Binance. [91] In January 2023, Bloomberg reported that Binance-Peg BUSD "was often undercollateralized between 2020 and 2021. On three separate occasions, the gap between reserves and supply surpassed $1 billion."
Crypto exchange Binance.US said on Thursday it is stopping U.S. dollar deposits and users will soon not be able to withdraw dollars from the exchange, after U.S. financial regulators said they ...
‘The Dollar is Toast’ Speaking with Kim Hughes on the Sane Crypto Podcast in which he excoriated the dollar, ‘Rich Dad, Poor Dad’ Author Is Bullish on Bitcoin, Says USD Is a Scam Skip to ...
A cryptocurrency exchange can typically send cryptocurrency to a user's personal cryptocurrency wallet.Some can convert digital currency balances into anonymous prepaid cards which can be used to withdraw funds from ATMs worldwide [1] [2] while other digital currencies are backed by real-world commodities such as gold.
A relatively new trend in online scam activity is "quishing". The term is derived from "QR" (Quick Response) codes and "phishing", as scammers exploit the convenience of QR codes to trick users into giving up sensitive data, by scanning a code containing an embedded malicious web site link.
An exit scam or rug pull is a confidence trick or fraud, perpetuated under the guise of a legitimate business, that ends when the originator absconds with the funds contributed by participants. [1] When a business entity pulls the rug and stops shipping orders while receiving payment for new orders, it could take some time before it is widely ...