NFT News Official TheBitTimes.com

The account has made multiple posts promising a token giveaway and ushers users to a copycat website to connect their crypto wallet. The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital has seemingly been taken over by scammers attempting to lure users with the promise of a token claim . On Aug. 9, Blockchain Capital's account made multiple posts promising a giveaway of "BCAP" token s and directed users to a copycat website that emulates the appearance of the VC firm's original. Scammers posting a link to a fake Blockchain Capital website under the guise of a token claim. Source: X The copycat website — which includes an additonal "n" in the URL — directs users to connect their crypto wallet, a common tactic used by phishing scammers in order to drain user funds. The scammers tactically turned off the comments section in an attempt to prevent others from warning of the possible scam. This is fake. Don’t get scammed. https://t...

Bank records and company messages have revealed that Binance US relied on Binance to process payments and cover payroll, in complete contradiction to the firm’s insistence that it operated independently, Reuters reported on Monday. Now-defunct Silvergate Bank authorized Binance exec Guangying Chen to move funds held in Binance US accounts in 2019 and 2020, bank records revealed. Chen, a close associate of Binance chief Changpeng Zhao (CZ), was asked by US employees to process payments and cover payroll, according to company messages. In February, Reuters reported that an employee in Chen’s team had access to one Binance US Silvergate account, which transferred over $400 million to Merit Peak, a trading firm controlled by CZ, back in 2021. Further, the outlet reported that Binance commingled customer funds with corporate revenues in Merit Peak’s Silvergate account. Binance denied both investigations. This latest news further discredits Binance’s claims that its US arm had “exclusi...

The Twitter account of artificial intelligence firm OpenAI’s chief technical officer was hacked on Friday to share a scam promotion of a fraudulent OpenAI cryptocurrency airdrop. Mira Murati’s tweets informed users of an ERC-20 token airdrop “driven by artificial-intelligence based language models.” The token’s name was OPENAI. A malicious link took users to a page that copied the likeness of another crypto and AI project called ChainGPT. The main difference between the two is the link offering users to connect their crypto wallet.   Someone has gained access to Mira Murati's Twitter account ( OpenAI CTO). pic.twitter.com/XUlm9LhL8S — Smoke-away (@SmokeAwayyy) June 2, 2023 One of the screenshots taken of the OpenAI Twitter scam in action. Read more: Crypto braces for impact of OpenAI ’s new GPT-4 As reported by Cointelegraph, a security researcher from the blockchain security firm Beosin told the publisher that the Twitter scam uses a crypto wallet draining k...