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2 mins read

The DOJ has charged 2 men over the $1.1 million Frosties NFT 'rug pull' – and alleged they were preparing to pull off another scam

The pair of 20-year-olds, charged with fraud and money laundering, were preparing a second "Embers"…

Hamza Fareed Malik   


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5 mins read

Insider trading, IP theft, fake art and fake profiles — Scammers are taking advantage of NFT platforms’ lack of regulation

As far back as March, there were reports of people impersonating others in order to sell NFTs …

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10 mins read

Trump's Top 5 defenses in his massive NY financial fraud case, in his own words

While being deposed in NY AG Letitia James' lawsuit, Trump called his financial statements "worthle…

Laura Italiano   


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2 mins read

The first-ever NFT insider trading charge has been brought by the Justice Department against a former OpenSea employee

Shortly after the NFTs were featured on the site, the employee sold them at profits of two to three…

Matthew Fox   


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2 mins read

Frosties creators arrested for $1.1 million NFT rug pull scam

The creators of the Frosties project could be looking at over 20 years in prison if they’re found g…

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2 mins read

The boom in NFTs has led to a spike in crime around digital collectibles. Here are 2 of the most rampant schemes, according to Chainalysis.

Chainalysis identified two rampant schemes criminals used in 2021—wash trading and money laundering…

Isabelle Lee   


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1 min read

NFT transactions to reach 40 mn globally in 5 yrs amid scam threats-report

The global number of non-fungible tokens (NFTs) transactions is likely to rise from 24 million in 2…

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5 mins read

NFTs are the new crypto wild west — artists and brands with big pockets are the only ones who can afford to fight back

Nike has filed a lawsuit against StockX for selling non-fungible tokens (NFTs) with its branding wi…

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2 mins read

AmEx reveals its metaverse ambitions in a trademark filing for tech to let people to use its payment cards in virtual worlds

AmEx filed trademark for tech to let it provide card payments, ATM services, banking services, and …

Hamza Fareed Malik   


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2 mins read

A Snoop Dogg impersonator labelling himself 'Doop Snogg' fooled a New York NFT conference in a stunt designed to expose fakery in digital art

Doop Snogg attended the conference wearing a fake moustache and shoes packed with paper to appear t…

Abby Wallace   


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2 mins read

I went to a physical NFT gallery where digital art was displayed on TV screens. It felt completely pointless.

A room full of screens with rotating photos and illustrations felt like mere hype on top of the alr…

Katie Canales   


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2 mins read

Britain's Royal Mint is creating an NFT, ready for launch this summer

Finance Minister Rishi Sunak asked the Royal Mint to start developing the non-fungible token, as th…

Hamza Fareed Malik   


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2 mins read

The NFT market is now worth more than $7 billion, but legal issues facing the nascent sector could hinder its growth, JPMorgan says

"In turn, lack of regulations are making NFTs vulnerable to copyright theft, unauthorized replicati…

Matthew Fox   


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3 mins read

Fakers play as Musk makes people pay for a Twitter blue tick

Elon Musk recently made the blue tick a paid service, allowing all users to get a blue tick with Tw…

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3 mins read

New iCloud phishing scam could drain users’ MetaMask crypto wallets

Crypto wallet MetaMask is warning its community of users about possible phishing attacks through Ap…

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3 mins read

Soccer giant Manchester City halts a crypto deal with 3Key after online sleuths fail to find much trace of the startup

Manchester City suspended its partnership deal with 3Key after the DeFi trading startup's thin onli…

Camomile Shumba   


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3 mins read

Who is Coffeezilla, the crypto detective who says he got Sam Bankman-Fried to admit to fraud?

Meet Coffeezilla, the engineering student-turned-YouTuber who says he got Sam Bankman-Fried to admi…

Jennifer Sor   


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1 min read

Hundreds of Salesforce employees are rebelling against the software giant's NFT plans

In an open letter to the company's co-CEOs, Salesforce employees cite environmental and economic co…

Yoonji Han   


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4 mins read

Common crypto scams you should know about before diving into the crypto market

Crypto scams can be as simple as phishing and fake websites, or more complex like NFT rug pulls.Cry…

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2 mins read

A former Coinbase executive is among 3 charged in the first-ever crypto insider trading scheme

The Justice Department alleged that the former executive attempted to flee the US when Coinbase rea…

Jennifer Sor