fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Betting Big, Hacker Risks $3M to Con DeFi Lending Protocol out of $15.6M
Betting Big, Hacker Risks $3M to Con DeFi Lending Protocol out of $15.6M
April 04, 2022  |  Security & Fraud

A hacker who gambled $3 million that a decentralized finance (DeFi) protocol was exploitable hit the jackpot over the weekend, coming away with a tidy...

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Digital Fraud Tracker: Crypto Scams Increased in UK Last Year
Digital Fraud Tracker: Crypto Scams Increased in UK Last Year
April 04, 2022  |  Security & Fraud

The U.K.’s Financial Conduct Authority (FCA) was busy in 2021 when it came to keeping the cryptocurrency space safe, not only fighting off money laundering...

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Wirex on the Challenges and Potential of Cryptocurrency
Wirex on the Challenges and Potential of Cryptocurrency
April 04, 2022  |  Fraud Prevention

While cryptocurrencies have the potential for faster cross-border transactions at a lower cost, common misconceptions hold back broader consumer adoption. In the Digital Fraud Tracker,...

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Lending Protocol Inverse Finance Loses $15.6M in Crypto Following Hack
Lending Protocol Inverse Finance Loses $15.6M in Crypto Following Hack
April 03, 2022  |  Cryptocurrency

Inverse Finance, an ethereum-based lending protocol, has lost $15.6 million in cryptocurrency following a hack, CoinDesk reported Saturday (April 2). Get the Full Story Complete...

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In $625M Hack, a Bigger Crypto Security Problem Is on Display
In $625M Hack, a Bigger Crypto Security Problem Is on Display
April 03, 2022  |  Cryptocurrency

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Today in B2B: AR, AP Rely More on Intelligent Cash Flow Platforms; CreditQ, Tally Partner to Offer Credit Enhancements
Today in B2B: AR, AP Rely More on Intelligent Cash Flow Platforms; CreditQ, Tally Partner...
April 01, 2022  |  B2B Payments

Today in B2B payments, intelligence cash flow platforms are key to accounts receivable (AR) and accounts payable (AP), while CreditQ teams with Tally to offer...

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Hackers Attempt to Trick Bored Ape Fans Into Minting Fake NFTs
Hackers Attempt to Trick Bored Ape Fans Into Minting Fake NFTs
April 01, 2022  |  NFTs

Hackers “briefly compromised” Bored Ape Yacht Club’s non-fungible token (NFT) collection through chat servers on messaging platform Discord and attempted to trick users into minting...

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Crypto Industry Icing Out Scammers as Fundraising for Ukraine Soars
Crypto Industry Icing Out Scammers as Fundraising for Ukraine Soars
April 01, 2022  |  Cryptocurrency

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19% of Merchants Rely on Multiple Verification Methods to Vet New Business Partners 
19% of Merchants Rely on Multiple Verification Methods to Vet New Business Partners 
April 01, 2022  |  B2B Payments

Businesses rely on a variety of methods for partner validation. In fact, when 150 executives were asked which of 12 verification methods was most important,...

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