Tag: fraud

CBEX Crypto Scheme Unravels, Investors Defrauded as Funds Laundering is Exposed

07/27/2025

CBEX Crypto Scheme Unravels, Investors Defrauded as Funds Laundering is Exposed

Then in April 2025, CBEX, another fictitious cryptocurrency investment platform went bust. This failure, in turn, left thousands of investors defrauded, with particular burden on African investors including many Nigerians. The platform misleadingly announced that it had only suspended withdrawals temporarily while an audit by a British firm, to be...

DeFi Danger: Why Web3 Scams Are Now Fewer, But FAR Deadlier

04/23/2025

DeFi Danger: Why Web3 Scams Are Now Fewer, But FAR Deadlier

The fast-changing world of decentralized finance (DeFi) is a thrilling space with immense potential for both revolutionary innovation and personal financial advancement. This innovative, fast-paced ecosystem draws the attention of bad actors looking to game the system and defraud users. Recent data indicates a concerning shift in the nature of...

Further Reading

The crypto market continues to be a wild ride, and looking ahead can truly be a difficult task. The best way to pick out the most promising cryptocurrencies is to look for strong projects with real-world applications. Continuous development on these projects is another good indicator of their growth potential....

Ethereum's Layer-2 (L2) scaling solutions are making waves, and the numbers don't lie. We’re not exaggerating when we say that this means a 17x increase in activity, drastically reduced fees and a massive victory for decentralization. What does all of this actually mean for you, the average DeFi user or...

Ethereum’s progress towards its bold vision of being the decentralized backbone of Web3 was always going to be the result of constant innovation. Anjali Mehra, DeFi Policy and Opinion columnist at Forkast, highlights the Ethereum network’s recent progression. She especially highlights the potential positive impact of Layer 2 scaling solutions....

The NFT space is an extremely fast-moving environment, and it can be difficult to discern what’s truly valuable or useful to pay attention to. Here at GreedyChain, we do all the hard work to focus on the hottest NFT trends for you. The recent sell-out of Forexus' 'Brass Coin' NFTs...

The world of cryptocurrency is a wild and thrilling place, with immense opportunities, but it’s home to some nefarious characters. Learn more as Thabo Selepe, our cross-chain technology analyst, sheds some light on his expertise. He then breaks down the intricate tactics that Ponzi schemes employ to launder money between...

With its revolutionary ecosystem of blockchain technology, Sonic Labs is creating a stir in the DeFi landscape. And it’s trying to address very, very persistent issues that have been plaguing decentralized finance for some time. The question remains is it really DeFi’s magic upgrade? Here’s a look at what you...

The DeFi landscape is still growing, changing, and developing every day, with new innovations continuing to break the limits of what’s achievable. Out of everything, we’re most excited about the partnership between Hemi and SQD AI. Together, they work to transform Bitcoin DeFi by combining the most innovative AI-powered data...

The cryptocurrency world moves at the speed of light with new projects launching every day, every one of them hoping to catch an investor’s eye. Crypto presales are an exciting opportunity to invest early in projects that could grow to be the next big thing. As such, they shine brightly...