Investment Learning

  • September 3, 2024

Trump Family Members Hacked to Promote Apparent Crypto Scam

The X accounts of Donald Trump's daughter-in-law and daughter were apparently hacked Tuesday evening to promote a token purportedly tied to World Liberty Financial, the upcoming crypto project touted by family members in recent days. Lara and Tiffany Trump, the wife of Eric Trump and daughter of Donald Trump, respectively, tweeted what they described as "the only official" blockchain addresses for World Liberty Financial. Not long after, Eric, the middle son of former President Trump, posted on X that the two profiles had been compromised and the addresses were a "scam."

Read More
  • September 3, 2024

Bitcoin ATMs are a hotbed for scams, FTC says

The Federal Trade Commission (FTC) published a report about increasing fraud at Bitcoin ATMs. Since 2020, the FTC says, fraud at Bitcoin ATMs has ballooned nearly tenfold, and just in the first half of 2024, consumers have lost more than $66 million to these scams. Scammers use tactics like fake phone calls, messages and security alerts to convince people that they're in danger, and that they should deposit cash into a Bitcoin ATM to protect it.

Read More
  • September 3, 2024

Customers of Indian crypto exchange WazirX unlikely to recover full funds

Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any customer had in WazirX is unlikely to be recovered. Last week, WazirX asked a Singapore High Court for six months' protection while it restructures its liabiliti

Read More