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Moonpay

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business6 months ago•1 min saved

MoonPay Executives and the $250K Nigerian Crypto Scam

Two top executives of MoonPay were victims of a $250,000 crypto scam involving over 40,000 USDT, with the scam originating from Nigeria. The incident highlights ongoing risks in the crypto industry, especially as MoonPay recently expanded its operations across all U.S. states and gained regulatory approval. The case underscores the increasing sophistication of crypto scams and the urgent need for stronger oversight in the digital asset space.

via AMBCrypto|

#business #crypto-scam #moonpay

technology6 months ago•1 min saved

Crypto Executives Fall Victim to Nigerian Scam, Losing $250,000

Two MoonPay executives reportedly lost $250,000 worth of Ethereum in a scam involving a fake donation to Trump's inauguration, highlighting that even crypto industry insiders can fall victim to scams. The DOJ investigation suggests the scammer used a fake email impersonating a Trump Inaugural Committee member, and the funds were potentially laundered through multiple crypto addresses.

via The Verge|

#crypto-scams #doj #ethereum

cryptocurrency2 years ago•0 min saved

Binance.US Partners with MoonPay as U.S. Banks Cut Ties

Binance.US, the American arm of the popular cryptocurrency exchange Binance, has turned to crypto startup MoonPay for on- and off-ramp services after U.S. banks severed ties with the exchange. MoonPay will provide Binance.US users with the ability to purchase and convert cryptocurrencies to fiat, depositing funds into their U.S. bank accounts. MoonPay emphasizes its rigorous KYC checks on all customers and supports various partners and exchanges with this functionality.

via CNBC|

#binanceus #crypto-startup #cryptocurrency