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CryptoQuant CEO calls for ‘smart regulation,’ community voices doubts

Ju’s push for “smart regulation” in Web3 aims to curb scams, build trust, and ensure responsible growth, sparking community debate.

Ki Young Ju, the CEO of CryptoQuant, has called for regulation as a key factor in the long-term development of Web3 and cryptocurrency.

In a Sept. 29 X post, Ju argued that crypto and Web3 could “thrive responsibly” with the regulatory framework necessary to mitigate scams and build trust.

Ju’s comments sparked debate among the crypto community. Some supported his views, while others expressed concerns about the implications of regulatory oversight.

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XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

FBI Says Scams Targeting Crypto Users Skyrocketing in Severity and Complexity After $5,600,000,000 Lost in 2023

FBI Says Scams Targeting Crypto Users Skyrocketing in Severity and Complexity After ,600,000,000 Lost in 2023

The U.S. Federal Bureau of Investigation (FBI) is detailing the rising scale and complexity of cryptocurrency fraud schemes. In its newly released Cryptocurrency Fraud Report for 2023, the FBI says its Internet Crime Complaint Center received 69,468 complaints involving crypto assets last year. According to the FBI, the reported losses amounted to more than $5.6 […]

The post FBI Says Scams Targeting Crypto Users Skyrocketing in Severity and Complexity After $5,600,000,000 Lost in 2023 appeared first on The Daily Hodl.

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Angel Drainer upgraded, deploying 300+ malicious dApps in 4 days

Notorious crypto phishing app Angel Drainer is back with a new system dubbed “AngelX” and it's easier to use and stealthier than ever before. 

The notorious crypto phishing toolkit Angel Drainer is back, this time with a new and improved version called AngelX which has already deployed hundreds of malicious apps, according to a new report from blockchain security firm Blockaid. 

In a Sept. 4 statement shared with Cointelegraph, Blockaid said the new AngelX system had already deployed 300 malicious decentralized applications (DApps) designed to steal digital assets from crypto users. 

Blockaid said one of the more worrying features of AngelX is its upgraded support for phishing apps targeting users on “newer, less mature blockchains,” including The Open Network (TON) and Tron network.

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XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Binance Says It Protects Over $2.4 Billion From Crypto Scams This Year

Binance Says It Protects Over .4 Billion From Crypto Scams This YearCrypto exchange Binance says it has protected over $2.4 billion from scams and fraudulent activities this year, safeguarding more than 1.2 million users worldwide. The exchange’s AI-driven and manual risk management system identified and blocked suspicious transactions, particularly during crypto withdrawals, where $1.1 billion in scam-related activities were thwarted, Binance explained. $2.4 Billion Saved, Says […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Australian Regulator Issues Warning on Rise of Online Crypto Scams

Australian Regulator Issues Warning on Rise of Online Crypto Scams

The Australian Securities and Investment Commission (ASIC) is warning about widespread online investment scams, including those involving cryptocurrencies. In a new announcement, the ASIC says it is constantly shutting down malicious websites that are targeting Australians through various means and trying to make off with their funds. “Since July 2023, ASIC has coordinated the removal […]

The post Australian Regulator Issues Warning on Rise of Online Crypto Scams appeared first on The Daily Hodl.

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

CFTC Warns of Follow-on Frauds Targeting Victims Multiple Times

CFTC Warns of Follow-on Frauds Targeting Victims Multiple TimesThe Commodity Futures Trading Commission (CFTC) warns about repeated fraud targeting victims multiple times, often by the same criminals. Common fraud types include relationship crypto frauds, also known as “pig butchering,” where scammers form online relationships, encourage investments in bogus crypto trading schemes, and then steal funds. Victims often face additional scams, such as fraud-recovery […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Hong Kong Police Arrest Four for Allegedly Using Fake Banknotes To Swindle $1,400,000 in Crypto: Report

Hong Kong Police Arrest Four for Allegedly Using Fake Banknotes To Swindle ,400,000 in Crypto: Report

Authorities in Hong Kong have arrested four people for allegedly defrauding victims out of cryptocurrency worth approximately $1.4 million using counterfeit cash. According to a South China Morning Post report, Hong Kong police have apprehended four people aged between 14 and 39 suspected of conspiring to defraud while possessing 5,000 counterfeit Hong Kong dollar (HK$) […]

The post Hong Kong Police Arrest Four for Allegedly Using Fake Banknotes To Swindle $1,400,000 in Crypto: Report appeared first on The Daily Hodl.

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Hong Kong Police Arrest Quartet Accused of Using Counterfeit Banknotes to Swindle Crypto Traders

Hong Kong Police Arrest Quartet Accused of Using Counterfeit Banknotes to Swindle Crypto TradersA group of four Hong Kong fraudsters, who swindled victims’ digital assets worth $1.4 million between October 2023 and July 2024, have been apprehended. The suspects, aged 14 to 39, are charged with conspiracy to defraud and possession of 5,000 counterfeit banknotes. According to Hong Kong laws, producing and circulating counterfeit currency can result in […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Washington Regulator Warns of Miami Equity Fund 005 Crypto Fraud

Washington Regulator Warns of Miami Equity Fund 005 Crypto FraudThe Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005 (or Miami Equity Fund Institute 005). The investor had deposited funds on the now-inaccessible Vims.one platform through a Whatsapp group led by “Mark” […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Delhi Police Arrest 7 in Crypto Fraud

Delhi Police Arrest 7 in Crypto FraudDelhi police have arrested seven individuals, including a contractual bank employee, for allegedly defrauding a man of ₹91 lakh ($111,000) by promising high returns in stock and cryptocurrency trading. The suspects, identified as Ajay, Mohit, Shankar, Partyaksh Koshar, Manish Jawla, Shrayance Pandit, and Dinesh, created fictitious bank accounts and sold them to other fraudsters. Deputy […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels