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The Blog of Cryptoscam Defense Network
How Can You Check If a Number is Fraud?
Phone scams are getting smarter, and scammers are finding new ways to trick people every day. According to the U.S. PIRG, the median loss for scam phone calls was $1,480 in the first half of 2024. Despite being cautious when answering calls from unknown numbers, many...
What Are Security Audits for Exchanges? Process & Benefits
As cryptocurrency platforms or exchanges are widely used to manage financial transactions and store digital assets—which, according to Hacken, host over $40 billion in cryptocurrency—more users are drawn to these platforms. At the same time, cybercriminal threats are...
How Is the Security of Centralized Exchanges Managed?
The security of centralized exchanges (CEX) is a major concern today, as these platforms act as intermediaries for cryptocurrency trading, making them vulnerable to a wide range of security threats that could compromise user assets and personal information. In this...
What Is a High-Risk Wallet? Risks & Protection Tips
A digital wallet stores your payment information and facilitates electronic transactions, similar to a physical wallet but online. However, these wallets are susceptible to risks. In fact, in 2024, a notable pattern was observed in the transfer of stolen funds through...
Promissory Fraud: How to Spot and Avoid Fake Promises
For investors, promissory fraud can seem like a perfect opportunity, offering high returns with little to no risk. However, behind these attractive promises often lies deception. As an example, The United States Attorney’s Office revealed a case where a man persuaded...
What Are Celebrity Meme Coins: Popular Examples & Risks
Celebrity meme coins are often seen as a trending phenomenon, but are they truly a smart investment or just another temporary internet scam? Data from Messari reveals that well-known tokens such as MOTHER, DADDY, TRUMP, MELANIA, and JAILSTOOL have seen an average...
Are Financial Frauds Criminal or Civil Cases? Key Differences
Financial fraud can have severe consequences, but are financial frauds criminal or civil cases? The answer depends on the nature of the fraud, the intent behind it, and the damages caused. Understanding these differences is important for identifying the right legal...
What Are Inheritance Scams? Warning Signs & How to Stay Safe
Every year, thousands of people fall victim to inheritance scams, losing money and personal data to fraudsters posing as legal professionals. These scammers promise life-changing inheritances from unknown relatives or wealthy benefactors, only to disappear after...
Bank Fraud Jail Time: Sentences, Laws, and Consequences
Among criminal offenses, bank fraud is a serious crime that targets financial institutions and threatens the integrity of the financial system. It involves schemes designed to illegally obtain money or property controlled by a bank through dishonest practices, such as...