The US Department Of Justice I had showed a renewed effort in combating crypto scams, on Thursday, in a press release, the DOJ pulled back the curtain on several charges it was pursuing against the creators of Frostie NFT.
Her Majesty’s Revenue and Customs, more commonly known as HMRC, is the department within the UK Government which is responsible for the collection of taxes, payment of various forms of state support, the administration of other regulatory regimes has seized three non-fungible tokens (NFTs) during an investigation into a suspected value added tax repayment scheme involving a net of 250 allegedly fake companies.
2022 has seen several large-scale hacking and phishing scams target the crypto community resulting in losses of nearly $400 million from the market. On Wednesday February 2, a security vulnerability was exposed within the Wormhole token bridge resulting in the loss of 120,000 Wrapped Ether (wETH) tokens worth approximately $321 million and almost $34 million in crypto assets were stolen from Crypto.com following a security breach on January 17. Now, Binance CEO Changpeng Zhao is alerting the crypto community to a “massive” SMS phishing scam targeting Binance customers as the crypto community is hit with yet another wave of fraud.