Crypto Scams

Crypto Karaoke Platform Somesing Hacked for $11.5 Million
Crypto

Crypto Karaoke Platform Somesing Hacked for $11.5 Million

Somesing, a blockchain-based social karaoke platform in South Korea, fell victim to a cyberattack on Jan. 27. The platform disclosed a loss of 730 million units of its native token, equivalent to $11.58 million. The compromised amount included 504 million undistributed SSX tokens, which were planned for circulation by the end of 2025, and 226 […]

Jan. 29, 2024
CFTC Charges Residents Of Arkansas, Louisiana, Florida With Crypto Fraud
Crypto

CFTC Charges Residents Of Arkansas, Louisiana, Florida With Crypto Fraud

The Commodity Futures Trading Commission (CFTC) has initiated legal against specific individuals and their unincorporated entity, Fundsz. The regulatory body accused them of engaging in a deceptive scheme involving the trading of precious metals and crypto. Rene Larralde from Melbourne, Florida; Brian Early from New Orleans, Louisiana; Alisha Ann Kingrey from Franklin, Arkansas; and Juan […]

Aug. 15, 2023