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Crypto Scams to Be Documented on New Multi-Chain Reporting Platform

Several top crypto companies have come together to form a multi-chain reporting platform to combat the growing problem of scams in the crypto industry. Civic, Hedera, Binance.us, Circle, the Aave Companies, TRM Labs, and Solana Foundation released a joint announcement detailing “the launch of a new community-powered scam reporting platform, Chainabuse.” Chainabuse, operated by blockchain […]

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Federal Trade Commission Issues Public Warning Over Crypto Scams Run on Social Media

The US Federal Trade Commission (FTC) released its “Consumer Protection Data Spotlight” last week, cautioning the public from falling for crypto investment scams perpetrated via social media. FTC program analyst Emma Fletcher recently wrote: “More than 95,000 people reported about $770 million in losses to fraud initiated on social media platforms in 2021, adding that […]

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