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Scams and hacks involving cryptocurrencies and non-fungible token markets are indeed on the rise in 2025. These scams often target unsuspecting individuals, leading to financial losses. In most cases, scammers use various techniques, including impersonation, fake emails, phishing links, and “rug pulls”. In response to the rising scams, the Federal Bureau of Investigation has stepped up to help crypto users from becoming victims of scams. FBI Warn NFT Users Against NFT Airdrop Scams Earlier this week, the Federal Bureau of Investigation issued a cautionary alert about a new scam where cybercriminals exploit non-fungible token airdrops on the Hedera Hashgraph network to steal crypto from cryptocurrency wallets. Hedera Hashgraph is a public, distributed ledger technology platform that uses a unique data structure called a directed acyclic graph to achieve high-performance, secure, and fair consensus. Based on the FBI announcement, cyber criminals have been defrauding cryptoc...

The malicious Wallet Drainers script used phishing campaigns in Google search results and Twitter ads, stealing millions of dollars from users . According to Scam Sniffer, the malicious script stole almost $59 million in digital assets from more than 63,000 victims over nine months. Over the past nine months, 10,072 websites have been linked to Wallet Drainers, with activity peaking in May, June and November. 1/ Alert: A 'Wallet Drainer' has been linked to phishing campaigns on Google search and X ads, draining approximately $58M from over 63K victims in 9 months. pic.twitter.com/ye3ob2uTtz — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 21, 2023 Source: 21.co Most of the advertisements were related to crypto currency and NFT airdrops. Moreover, some of them were references to popular blockchain projects, such as Ordinals Dogecoin (DOGE). Malicious ads used regional targeting and page-switching tactics to bypass ad audits, complicating the review ...

A South Korean province is using the Metaverse for closer economic ties with Vietnam and an elaborate phishing scam netted 14 Bored Apes. South Korea’s Gyeongbuk Province has announced plans to use Web3 technology to expand its economic relations with Vietnam. In a Dec. 19 announcement, the province’s governor Lee Cheol-woo said the metaverse project would focus on “growing economic, cultural, commercial, and people-centered contacts with Vietnam.” According to the governor, the project will also see the region become home to a “metaverse innovation special zone,” which would come with special regulations and residential conditions within the zone. Back in June, the province announced it would invest $13.8 million to establish itself as a hub for metaverse innovation in the hope of growing the local economy. South Korea has been very active in Metaverse development since the beginning of 2022 and it aims to become the fifth most metaverse-ready country in the world. It has allocated $...