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SCAM / HACK / MONEY LAUNDERING:

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SCAMS / HACK /FAKE/FRAUD ALERT : COMMON SCAMS, HACKS, HOW TO AVOID THEM

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Token Sniffer & DEXTools.io

How do you know which smart contracts allow you to pull your money out? I have invested in some coins that block you from cashing out. Tokens in the crypto world has spurred a demand for tools enabling traders and investors to identify potential scam tokens.

How to Use Token Sniffer and DEXTools Crypto Data Aggregator for Fast Sniff Test?

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Warning: Escrow Scam Sites: 

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Crexsat.com, Swooden.com, Satotrade.com, Athcrypt.com, Crexbtc.com, Undromeda.com, Crexsat.com, Cryptcourt.com, Swooden .com, KryptoEscrow.xyz, MarketDefi.org, Crex.exchange, Cryptodaxex.xyz, Defipulse .exchange, Cryptcarbon.com, Traderce.com, Changedeal.com, Bitlaynch.com, Enrichbitcon.com,  wealthcurrency.com, boomcurrency.com, , merrycurrency.com, WalletGenerator.net

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• 9.11.23 - Crypto scammers and hackers tend to operate in tandem with the markets - $4 billion lost - D.Center

• 7.11.23 - Urgent Alert: Scam Targeting Blockchain Developers on LinkedIn - Abhith Shaji

• 9.8.23 - Liquidating Large Amounts Of Crypto? Here Is How To Avoid Pitfalls In Today’s Market - ClubSwan

• 1.4.23 - $625 million (the biggest ever hack of a blockchain) - Aakash 🥛 Athawasya - linkedin

• 5.7.22 - Honeypot Crypto Scams – What are They and How do They Work? - cryptoadventure

• 03.6.22 - BAYC NFT Holder Lost $2.7 Million worth NFTs in Social Engineering Attack - cryptotimes

• 03.6.22 - Popular Private Key Generator Compromised, Fake Crypto Wallets Emerge - Cryptonews

• 18.5.22 - Eight strategies everyone should use to steer clear of fraud in crypto - Cointelegraph

• 20.4.22 - Already $650,000 stolen from a single individual and it's going to happen to a lot more people.- Twitter

• 14.4.22 - 4 clever crypto scams to beware — Dubai OTC trader Amin Rad - Cointelegraph 

• 16.3.22 - Investor Alert: Watch Out for Fraudulent Digital Asset and “Crypto” Trading Websites - cftc

• 10.11.21 - Satoshi test, helpful suggestions to sellers and buyers - medium

• 10.5.21 - 'Crypto-cleansing:' strategies to fight digital currency money laundering and sanctions evasion - REUTERS

• 3.4.21 - Being an OTC agent - The middlemen - steemit

• 3.4.21 - Being an OTC agent - Why real sellers don't send a Satoshi - steemit

• 3.4.21 - Being an OTC agent - Fake POC ( Proof of coins ) using Blockchain wallet - steemit

• 13.1.21 - $28 Million Maryland Ponzi Scam Offered Crypto Payout - Cryptobriefing

• 19.12.20 - Common Bitcoin scams (and how to avoid them) - Finder

• 9.11.20 - WATCH OUT For these Crypto SCAMS!! - Coin Bureau

• 15.10.20 - Why you should never allow the sellers attorney to hold escrow. - justice.gov

• 26.9.20 - Familiarize yourself with some of the most commonly observed bitcoin scams to help protect yourself - bitcoin

• 21.7.20 - Personal Data of 250,000 People From 20 Countries Leaked by Bitcoin Scam.- bitcoin

• 16.7.20 - Elon Musk, Jeff Bezos and Bill Gates targeted by hackers on Twitter in Bitcoin scam.- bbc

• 7.7.20 - Crypto Crime on the Rise — Good Odds of 2020 Becoming a Record-Breaker- cointelegraph

• 7.7.20 - Common Bitcoin scams (and how to avoid them) - finder

• 7.7.20 - Phishing scam emails -  is a way that cybercriminals steal information such as online banking logins... - cyber.gov.au

• 7.7.20 - Phishing in the Time of COVID-19: How to Recognize Malicious Coronavirus Phishing Scams. - EFF

• 4.7.20 - Bitcoin Outshines Gold: 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China. - Bitcoin

• 3.7.20 - Fix Issued For ‘Serious’ Bitcoin Wallet Security Threat. - Forbes

• 28.6.20 - Familiarize with some of the most common bitcoin scams, protect yourself and your finances. - bitcoin.org

• 17.6.20 - Fraudulent Site Impersonates Encrypted Messaging Service to Steal Bitcoins - cointelegraph

• 17.6.20 - Fake SpaceX YouTube Channels Scam Victims Out of $150K in BTC - cointelegraph

• 15.6.20 - Seven Years of Bitcoin Savings Wiped Out When Investor Falls for Phishing Scam - dailyhodl

• 14.3.20 - As crypto winter appears to thaw – watch out for scams! - biznews

• 28.2.20 - OTC Cryptocurrency Market: Common Mistakes - linkedin

• 19.12.19 - Crypto OTC scam: how to avoid becoming a victim - stmarket.co​

• 3.10.19 - Bitcoin Aussie System High Profile Cryptocurrency Scams and What You Can Learn from Them - bitcoin.com.au​

• 1.10.19 - Top 6 Biggest Bitcoin Hacks Ever - coinsutra.com​

• 1.10.19 - If bitcoin is so safe, why does it keep getting hacked? - vox.com

• 25.9.19 - Buyer asked for Satoshi test, suggestions to buyers and sellers, scam alert - catchbitcoin.com

• 20.9.19 - Bitcoin And Crypto Wallets Are Now Being Targeted By Malware - forbes.com

• 14.9.19 - Four Out of Five Top Bitcoin QR Code Generators are Scams: Report - cointelegraph.com

• 14.9.19 - Beware of Google for a "bitcoin QR generator" led to scam websites - forbes.com

• 29.8.19 - Legal update: Conditional MT 103? No Siree! - tannerdewitt.com

• 29.8.19 - Why are Mt103/23 & One Way & Two Way Fraud? - secureplatformfunding

• 22.8.19 - How Bitcoin Is Stolen: 5 Common Threats - fortune.com

• 19.8.19 - The 9 Worst Cryptocurrency Scams and How to Avoid Them - medium.com

• 7.8.19 - Most Common Cryptocurrency Scams & How to Avoid Them - medium.com

• 26.7.19 - New Bitcoin Scams to Look out for - hackernoon.com

• 26.7.19 - UK watchdog warns financial advisors of fake Bitcoin email campaign - TheNextWeb.com​​

• 26.7.19 - Cryptocurrency investor’s $224 million suit against AT&T over stolen coins moves forward - MoneyInCrypto.com​​

• 26.7.19 - Bitcoin Escrow Firm, Volantis Bilked Investors for $7 Million, DOJ Says - Coindesk.com

• 26.7.19 - The Case of Symphony, Volantis and the Missing Bitcoins - MoneyInCrypto.com

• 27.6.19 - IDAX.pro SCAMMED crypto projects for up to 5,000,000 USD! - Medium.com

• 9.6.19 - HUH? Hugh Jackman quits Hollywood, fronts Bitcoin scam - Micky

• 6.6.19 - New Malware Campaign Spreads Trojans Through Clone Crypto Trading Website - Cointelegraph.com

• 30.5.19 - Crypto Scam Alert: YouTube Videos Promoting “Bitcoin Generator” Really Pushing Malware - Newsbtc.com

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• Crypto investor to be remunerated $75 million for SIM hack - cryptopolitan

• Scammers Nab $4.6 Million in (BTC) From Crypto Wallets As Industry Losses Reportedly Clock $1.2 Billion in Q1 - DailyHodl

• Extra Vigilance Needed for Hong Kong OTC Bitcoin Trading - Newsbtc.com

• OTC crypto deals, part 1: Traps, scams and potential risks - Hackernoon.com

• Statement regarding emails purporting to come from TMF Group - Tmf-group.com

• How Hong Kong Bitcoin Traders Defend Against Scams - Forbes.com

• GSR Markets allegedly missing $2M in bitcoin after poor escrow tricks - TheBlockCrypto.com

• Most Common Cryptocurrency Scams & How to Avoid Them - Medium.com

• Sirin Labs Founder Victim of a Bitcoin Scam after purchasing Grin Tokens - Cryptopotato.com

• Dairy of an OTC agent - Fake POC ( Proof of coins ) using Blockchain wallet - Reddit.com

• Avoiding Common Scams In The OTC Market - Letsearnbtc.com

• Over-the-counter markets fraud : Limiting the risk of over-the-counter market fraud - Lautorite.qc.ca

• Common bitcoin scams (and how to avoid them) - Finder.com.au

• OTC crypto deals, part 1: Traps, scams and potential risks - Hackernoon.com

• OTC crypto deals, part 2: Minimise your risks - Hackernoon.com

• User Report: How I got robbed with an OTC (Over The Counter) Trade - Smartoptions.io

• How an OTC Bitcoin Scammer Almost Stole $600 Million - Bitcoin.com

• How Hong Kong Bitcoin Traders Defend Against Scams - Forbes.com

• Extra Vigilance Needed for Hong Kong OTC Bitcoin Trading - Newsbtc.com

• How to spot a Bitcoin scam - Independentreserve.com

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SIGNS OF SCAMS:

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• “OTC desks demand proof of coin or proof of funds before trading.”

• This was popularized by scammers and hackers as a method of identifying potential targets. Reputable OTC desks would never provide this as it would deanonymize their clients’ wallets. Nor will they ever request private financial information that wasn’t strictly necessary for the trade at hand. - Hackernoon

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• Why the whole banking system is a scam - Godfrey Bloom MEP

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• https://youtu.be/hYzX3YZoMrs

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• British Politician: Printing Fiat Money is Counterfeiting, Merit of Crypto - Yahoo

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• Ronin, the Ethereum sidechain powering the Axie Infinity P2E game.

• Ronin was hacked.
  
  💰 Amount → $625 million (the biggest ever hack of a blockchain)

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• And Ronin had just → 9 validators. 🥶
  
  If the number of validators = the number of billions of market cap, it's not good bruh!
  
  That’s ☝️ what resulted in the hack.
  
  In March 2022, the hacker group Lazarus took over 5 (of the 9) validator keys in the most INSANE way possible:
  
  1️⃣ Hackers reached out to Sky Mavis’ engineers on LinkedIn to “hire” them
  2️⃣ One engineer replied, did interviews, and was given a job offer
  3️⃣ When he opened the job offer PDF, his computer was infected with spyware
  4️⃣ Lazarus accessed his computer + broke into Ronin’s infra
  5️⃣ Accessed 5 outta 9 validators, stole $625 million

 

This ☝️ is exactly what Sky Mavis is tryna solve, making Ronin:

🔺 more decentralized
🔻 less vulnerable

The model they’re going with is → Delegated Proof Of Stake (DPoS) consensus.

Wtf is DPoS? IDK, so here's what Google said:
Delegated Proof of Stake is where users of the network vote and elect delegates to validate the next block. Validators pool tokens into staking pools and link them to delegates.

This will allow users to:

Stake RON (the native token of Ronin) → Earn more tokens → Appoint validators → Validate transactions → Secure the network.

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Mixing (crypto laundering), Scams and Darknet Markets:

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" Attached is the forensics report on the xxxx BTC wallet. This report was done by experts in the field.

In sum, the wallet itself and its owner may be legit, however the forensics raised a red flag: a significant source of the coins come from wallets related to mixing (crypto laundering), scams and darknet markets. In other words, the risk is high that our buyer would not be able to offload these coins on the open market."

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