Tag: crypto scam
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...
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.
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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...
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...
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...
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...
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...
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...
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.
