Features TheBitTimes.com

NFT protocol JPEG’d alerted community members to malicious actors targeting holders of its token as phishing scammers continue to target crypto and DeFi operators.  The P2P non-fungible token (NFT) lending platform JPEG’d posted a notice on X following numerous complaints from users citing phishing campaigns and a booby trap revocation tool. These services are typically employed by web3 users to clear out access previously given to decentralized applications. Bad actors launched a number of malicious platforms mimicking genuine services per the update from JPEG’d. The goal is to secure transaction approval before draining NFTs and digital assets in the wallet.  It has come to our attention that scammers are targeting $JPEG holders claiming false approvals on phishing contracts and linking to a malicious revocation tool. The current name they go under is "Trojansec". Please do not interact with them or any contract that you are unsure… — JPEG'd (@JPE...

Bryan Lee has been indicted for his involvement in CoinDeal , an alleged $45 million Crypto currency fraud . The various companies that made up this scheme were under the banner of ‘ViRSE’ and purported to be creating metaverse technologies and cryptocurrency. The scheme claimed that investors would make massive returns once the companies were purchased by wealthy investors. To support this, they were told that the firms had the support of two billionaires, one who ran a massive online retail company, and another who ran an electric car company. This was allegedly completely untrue. It’s claimed that the collected funds were misappropriated and used to purchase luxury cars and real estate . Lee was the signatory for the various bank accounts used by ViMarket, one of the companies under the ViRSE umbrella. He allegedly used investor funds to purchase his personal home, justifying it by claiming that he could build a model of the house to use in the metaverse. Th...