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Biturai Trading Wiki
The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
Verify-Bot-Phishing: Fake Verification Bots on Discord
Verify-bot phishing involves malicious actors impersonating legitimate verification bots on platforms like Discord to trick users into compromising their accounts or data.
AnubisDAO: The Rug Pull Shortly After Launch
A rug pull is a deceptive cryptocurrency scam where developers abandon a project and drain its liquidity, leaving investors with worthless tokens.
Squid Game Token: Anatomy of a Viral Rug Pull
The Squid Game Token was a notorious example of a rug pull, a type of cryptocurrency scam where developers abandon a project and abscond with investor funds.
Thodex Exit Scam: The Collapse of a Turkish Exchange
The Thodex exit scam involved the sudden collapse of the Turkish cryptocurrency exchange Thodex in April 2021, as its founder allegedly fled with a significant amount of user funds.
Forsage: A Smart-Contract-Based Pyramid Scheme
Forsage was a prominent pyramid scheme that leveraged smart contract technology on various blockchains, primarily Ethereum, to automate fraudulent financial flows.
BitConnect: Anatomy of a Major Crypto Ponzi Scheme
BitConnect was a high-yield investment program and cryptocurrency that operated as a Ponzi scheme from 2016 to 2018, promising unrealistic daily returns.
MLM Crypto Schemes: Multi-Level Marketing as a Scam Structure
Multi-Level Marketing (MLM) crypto schemes are deceptive structures that leverage the allure of digital assets to mask a recruitment-driven pyramid model.
High-Yield Investment Programs as Crypto Ponzi Schemes
High-Yield Investment Programs (HYIPs) are fraudulent schemes that promise exceptionally high returns with minimal risk, often operating as Ponzi schemes.
NFT Wash Trading and Fake Sales Histories Explained
NFT wash trading is a deceptive practice where individuals manipulate an NFT's perceived value by repeatedly buying and selling it to themselves.
CREATE2 and Pre-Calculated Addresses as an Attack Vector
The CREATE2 opcode allows smart contracts to be deployed to addresses known in advance, regardless of transaction order.
Malicious Token Approvals via Compromised Contracts
Malicious token approvals involve unknowingly granting dangerous permissions to fraudulent smart contracts, enabling unauthorized access and potential draining of digital assets.
WalletConnect Phishing Through Fake Sessions
WalletConnect phishing involves scammers creating fraudulent websites that mimic legitimate decentralized applications.
Fake Staking Platforms: The Illusion of High Returns
Fake staking platforms lure investors with promises of unrealistic returns, mimicking legitimate cryptocurrency staking.
Fake Bridge Scams: Understanding Fraudulent Cross-Chain Bridges
Fake bridge scams involve malicious actors creating fraudulent versions of cross-chain bridges to deceive users. These scams lead to irreversible loss of digital assets by tricking users into sending funds to attacker-controlled addresses.
Recognizing Fake DEXs and Swap Interfaces
Decentralized exchanges (DEXs) allow direct cryptocurrency swaps, but malicious actors create fake platforms to steal assets. Understanding how to identify these deceptive interfaces is essential for safeguarding digital funds.
Peel Chain: Obscuring Illicit Funds in Blockchain Transactions
A peel chain is a sophisticated money laundering technique used in cryptocurrency to hide the origin of illicit funds.
Chain-Hopping: Obscuring Funds Across Blockchains
Chain-hopping is a sophisticated technique employed by illicit actors to move funds rapidly between different blockchain networks, making their origin and destination extremely difficult to trace.
Crypto Mixers, Money Laundering, and the Tornado Cash Sanctions
Crypto mixers are tools designed to enhance transaction privacy on public blockchains by obscuring the link between senders and receivers.
Understanding OFAC Sanctions and Blocked Crypto Addresses
OFAC sanctions extend to digital assets, meaning specific cryptocurrency addresses can be designated as blocked. U.S. persons and entities under OFAC jurisdiction are prohibited from transacting with these sanctioned addresses or entities.
White-Hat Recovery of Hacked Funds: Negotiating with Attackers
When digital assets are stolen from a blockchain protocol, traditional law enforcement often faces significant challenges in recovery.