Crypto Scams
AG Nessel Warns Against Crypto Scams During Financial Literacy Month
Financial Literacy Month comes bearing an important caution from Michigan Attorney General Dana Nessel—crypto scams are a growing menace. Nessel has re-issued an alert saying, “Cryptocurrency! What is it? What are the Risks?” highlighting digital currencies’ precarious nature amid market turbulence. “During Financial Literacy Month, it’s crucial to understand the risks associated with cryptocurrency. While it […]
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 […]
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 […]