crypto scam Archives - Web 3 Africa

GHash Mining Scam Exposes Vulnerabilities in Kenya’s Crypto Landscape

The Directorate of Criminal Investigations (DCI) in Kenya has apprehended four suspects allegedly involved in GHash mining, a notorious crypto scam that has...

News February 27, 2024

Ponzi Scheme Redux: MMM Krypto Raises Concerns, Triggers FSCA Warning

The resurgence of MMM has prompted the FSCA in South Africa to issue a warning about the scheme's alluring promises of unrealistic returns. ...

News January 29, 2024

Coscoin Crypto Scam Unveiled: Authorities Investigate Alleged Ponzi Scheme

The DFI received several complaints regarding Coscoin, a well-known crypto app for integrating AI and Web3. In September 2023, Coscoin surpassed 500,000 in...

News January 17, 2024

Nansen Users Targeted in Phishing Scam Connected to Prior Data Breach

Crypto analytics platform Nansen faced a phishing campaign where scammers exploited user data from a prior breach. The firm has not responded to...

News November 29, 2023

Crypto regulations holds back Africa’s Web3 potential

According to hedgewithcrypto, the number of legal issues involving crypto decreased by 30% in 2019. According to (SEC) Chair Gary Gensler, the...

News March 1, 2023

How to spot a crypto pump-and-dump scam

The pump and dump scheme is a form of market manipulation in which a party or parties create interest in an asset that...

News January 30, 2023

South Africa suffers another crypto scam: The Obelisk Whatsapp scam

One of Africa's few biggest crypto scams originates from South Africa. Crypto in South Africa had grown so much that it became easier...

News October 28, 2022

How to spot the difference between crypto investments and scams

Most scammers go to the extent of even forging a whole crypto exchange platform. This is all to trick you into investing in...

News September 21, 2022

Africa: The urgent need for regulations to protect crypto investors from fraud and scams

In 2021, crypto scams in Africa were 12 times more prevalent than in 2020, with total amounts lost increasing by over 1000 per cent.

News June 6, 2022

Tag: crypto scam