Crypto Scam
“A Threat to the Financial System”: An Indian Court Takes a Hard Line on Crypto Crime
The Delhi High Court in India denied bail to Umesh Verma, a businessman accused of defrauding 61 people through a crypto investment scheme, with the judge issuing a stark warning...
Brazil Central Bank Responds to $140M Heist That Breached Key Technology Supplier
Hackers stole approximately $140 million (R$ 800 million) by breaching reserve accounts of six Brazilian financial institutions through infrastructure provided by C&M Software, a technology supplier connected to the country’s...
Was Telegram’s Crackdown on the World’s Largest Dark Market Too Little, Too Late?
Telegram’s attempt to dismantle the Huione Guarantee marketplace in May was seen as a decisive move against crypto-driven scams. However, the takedown has proven more symbolic than effective. Within weeks,...
16 Billion Passwords Leak in Largest Breach Ever—Apple, Google, Facebook Users at Risk
In what security researchers are calling the largest data breach in history, a massive compilation of 16 billion stolen usernames and passwords has been uncovered in a series of exposed...
U.S. Secret Service Announces Its Largest-Ever Crypto Seizure in ‘Pig Butchering’ Case
The U.S. Department of Justice has initiated a civil forfeiture case to seize more than $225 million in digital assets connected to a large-scale, global cryptocurrency investment fraud network. The...
Bitget’s New Report Reveals How AI-Powered Scams Netted $4.6 Billion in 2024
Bitget, the leading cryptocurrency exchange and Web3 company, in conjunction with blockchain security firms SlowMist and Elliptic, has released a 2025 Anti-Scam Research Report highlighting the roles of deepfake technology...
Alert Issued for SHIB Holders Over Phishing Emails Impersonating Coinbase
On June 3, 2025, Shiba Inu community members received a warning about a phishing scam using fake Coinbase emails. The alert came from Susbarium Shibarium Trust Watch, a Shiba Inu-focused...
Bitget’s 2nd Annual Anti-Scam Drive: How Exchange, Partners Tackle AI-Powered Crypto Fraud
Leading crypto exchange Bitget has officially launched the second year of its Anti-Scam Month campaign, a global initiative to raise awareness about the escalating threat of crypto fraud. According to...
The Huge $2.6 Million Copy-Paste Nightmare: A Stark Warning For All Crypto Wallet Users
An Ethereum wallet holder just lost nearly $2.6 million in two Tether (USDT) transactions today, May 26, after reportedly copying a fake wallet address by mistake. On-chain activity tracked by...
Operation RapTor Smashes Global Darknet Drug Rings, Nabs 270 Suspects In Major Fentanyl Sting
Global authorities just delivered a major hit to the darknet drug trade. A sprawling law enforcement crackdown, dubbed Operation RapTor, zeroed in on illicit fentanyl and opioid sales across online...
SEC Hits Unicoin, Top Leaders with Lawsuit Alleging $100M+ Crypto Fraud
The U.S. Securities and Exchange Commission has filed a lawsuit against cryptocurrency company Unicoin and four of its senior leaders, accusing them of conducting a fraudulent investment scheme worth more...
Ex-Binance Executive and Blum Co-Founder Vladimir Smerkis Arrested for Alleged Crypto Fraud
Russian authorities arrested Vladimir Smerkis, a co-founder of the Telegram-based crypto platform Blum, on fraud charges. A Moscow court quickly approved his detention as investigations are ongoing. The case reportedly...
Crypto Swap Platform eXch, Once a Darknet Favorite, Now Seized in €34M Bust
German law enforcement shut down the crypto swapping service eXch on April 30, seizing €34 million in assets and eight terabytes of data. According to the press release, the move...
Justin Sun Shares Major Update on $500M TUSD Reserve Misappropriation: Calls Out ARIA-FDT Scam and Dubai Banks
TRON founder Justin Sun has issued an update on what he describes as a “$500 million fraud” involving misappropriated TrueUSD (TUSD) reserves. The alleged scheme centers around a web of...
FinCEN Proposes Ban on Huione Group for Crypto Scams, North Korea Links
The United States Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed a rule that would bar the Cambodia-based Huione Group and its affiliates from accessing the U.S. financial system. The...
Nigeria Seeks Foreign National Over ₦1.2 Trillion CBEX Crypto Fraud
The Economic and Financial Crimes Commission (EFCC) of Nigeria has declared Elie Bitar, a foreign national, wanted in connection with a massive crypto investment fraud. The scheme ran through the...
How Browser Wallet Permissions Were Exploited in the Latest LinkedIn Job Offer Scam
A crypto investor lost a significant amount of digital assets after falling for a sophisticated phishing scam disguised as a LinkedIn job interview. While applying for jobs on LinkedIn, the...
DOJ Recommends 20-Year Prison Sentence for Celsius Founder Mashinsky
Federal prosecutors have asked a U.S. court to sentence Alex Mashinsky, the founder of Celsius Network, to 20 years in prison. The DOJ claims he orchestrated a massive fraud that...
Elon Musk Warns of Rising Crypto Scams and Fake Profiles Targeting Investors
Elon Musk warned the public about rising crypto scams, primarily focusing on social media and messaging app users. Musk shared a meme that targeted the cryptocurrency community through his social...
Financial Scams Target UAE: SCA Warns of Fake DFM Site, Imposters
The UAE Securities and Commodities Authority (SCA) has issued a series of investor alerts, cautioning the public on fraudulent financial schemes currently targeting the country. The warnings, shared on X,...
Fake SCMP Website Uses Li Ka-shing Endorsement in a Cryptocurrency Scam
The South China Morning Post (SCMP) has filed a police report after finding a fraudulent website impersonating its digital publication to spread cryptocurrency investment scams. The fake site published a...
Crypto Rug Pull Threat Shifts: Less Frequent But Far More Damaging in 2025
Rug pulls may have happened less often so far in 2025, but the financial damage they’re causing has increased dramatically, according to blockchain analytics firm DappRadar. Their report shows just...
What Is ‘Pig Butchering’ and How To Protect Your Investments From Such Scams
Have you ever heard of romance-based scams? Yes, it has happened to Shreya Datta, who was working in a Philadelphia-based tech company. It started as a so-called relationship through the...
Another FTX Victim? Taiwan’s Steaker Platform Executives Face Charges
Taiwanese authorities have charged four senior executives of digital asset management platform Steaker for allegedly raising NT$1.48 billion ($45.8 million) through unauthorized cryptocurrency investment schemes. The Taipei Prosecutors’ Office confirmed...
Talkative SBF Gets Moved: Oklahoma Transfer Follows Carlson Interview Stunt
Sam Bankman-Fried’s federal prison journey took a sharp turn this week when the former FTX CEO, currently serving a 25-year sentence for investor fraud, was abruptly transferred from Brooklyn’s Metropolitan...
