UK’s National Crime Agency Seeks to Set Up Specialized Team to Combat Cryptocurrency Scams and Fraud The United Kingdom’s National Crime Agency (NCA) is taking a proactive stance against the rising threat of cryptocurrency scams and fraud. In response to the increasing attempts by bad actors to deceive crypto investors, the NCA has announced plans to establish a specialized cryptocurrency and virtual assets team dedicated to countering these illicit activities. In a recent post, the NCA said it ...

Crypto Projects Lose $51.6 Million in Attacks, Phishing Scams, and Rug Pulls in October 2023: Beosin Beosin’s security monitoring platform, Beosin EagleEye, reported that the crypto industry saw 23 security incidents in October 2023, collectively resulting in a substantial total loss of approximately $51.61 million. These losses were attributed to a trifecta of threats: hacker attacks, phishing scams, and rug pulls. 85% Decrease in Crypto Security Incidents From September As per the report, Oc...