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According to Yi He, “a significant amount of money” was lost when X.com users were tricked by an impersonation scam. Source link
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Sahil Arora, known for promoting various celebrity memecoins, has had his @Habibi_Comm account on X suspended due to allegations of fraud. Arora’s account was accused of posting fake screenshots of conversations with rapper Iggy Azalea…
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In February, the crypto industry saw losses totaling approximately $160 million due to exploits, hacks, and scams. The figures represented a slight dip from January despite an increase in prices. According to the…