Crypto Scam
Canada Slams Cryptomus with Record C$177M Fine Over Massive AML Lapses
Canada’s financial intelligence unit, FINTRAC, has imposed its largest penalty ever, levying a C$176.96 million (approx. $126.2 million USD) fine against crypto exchange Cryptomus for egregious violations of anti-money laundering...
Australia Seeks to Restrict or Ban Crypto ATMs After 85% Scam-Linked Use
AUSTRAC (Australian Transaction Reports & Analysis Centre) is being granted expanded regulatory powers to tackle what authorities are calling high-risk crypto ATM activity. Proposed changes include allowing the financial intelligence...
John Deaton Rejects Any SBF Pardon As DOJ And FBI Stand By 25-Year Sentence
Attorney John E. Deaton has urged authorities and political leaders to reject any effort to pardon or commute the sentence of Sam Bankman-Fried, the former FTX chief convicted of arranging...
FTX Alerts Users to Phishing Scams Amid $1.6B Creditor Payout
The official X account of FTX has issued a warning about phishing campaigns targeting users awaiting bankruptcy distributions. The alert comes amid reports of deceptive emails impersonating Kroll Restructuring Administration...
Chinese National Convicted in Case Tied to World’s Largest Bitcoin Seizure
A Chinese national, Zhimin Qian, also known as Yadi Zhang, has been accused of orchestrating a massive fraud in China between 2014 and 2017, defrauding over 128,000 victims. Authorities allege...
Thane Becomes India’s First City with Dedicated Crypto Investigation Cell
India has created its first dedicated Cryptocurrency Investigation Cell in Thane. The unit will track illicit transactions and dismantle schemes that use crypto to launder stolen funds. Officials said the...
Hypervault Rug Pull? PeckShield Flags $3.6 Million Withdrawal, Mixing via Tornado Cash
PeckShield flagged a $3.6 million abnormal withdrawal from Hypervault, a DeFi vault project tied to Hyperliquid. The funds were moved from Hyperliquid to the Ethereum network via a bridge, swapped...
Crypto’s Invisible Enemies: How to Build a Fortress Against Hacks, Scams, and Real-World Threats in 2025
In 2025, the headlines are all too familiar: another hack, another scam, another crypto investor targeted. The threats are growing, and so are the attackers. What used to be simple...
Suspicious Crypto Activity Soars in South Korea, Topping 36,000 Cases in 2025
Between January and August 2025, 36,684 suspicious transaction reports (STRs) were submitted by virtual asset service providers (VASPs), say South Korea’s Financial Intelligence Unit (FIU) and Korea Customs Service (KCS)....
Binance Issues Urgent Reminder for Scam Alert Over Fake Listing Agents
Binance has issued an important security reminder for projects on September 9, warning crypto projects to be wary of scammers claiming to be listing agents or intermediaries who promise fast-track...
US Treasury Sanctions 19 Groups in Myanmar, Cambodia Over Crypto Scam Networks
The US Treasury Department has imposed sanctions on 19 entities across Myanmar and Cambodia for operating large-scale cryptocurrency investment fraud networks that use forced labor to target American victims. The...
Do Kwon Loses Legal Battle Over $14.2M Singapore Penthouse Deposit
Terraform Labs co-founder Do Kwon has failed in his attempt to recover a S$19.4 million (about $14.2 million) deposit paid for a luxury penthouse in Singapore after the nation’s High...
Bitcoin Extortion Plot Lands 14, Including Police Officers, Life Sentences in India
An Indian anti-corruption court has thrown the book at 14 individuals, including senior police officials and a former legislator, sentencing them all to life in prison for a 2018 Bitcoin...
“Human Behavior Is the Weakest Link”: CertiK Co-Founder on the Real Threat in Crypto
The biggest weak point hackers exploited in the first half of 2025 wasn’t the code—it was human behavior, according to CertiK co-founder Ronghui Gu. Gu made the statement during an...
Red Flags Fly as Insiders and Whales Net $8 Million Profit From Kanye West’s YZY Coin Launch
Kanye West’s official entry into the crypto market with his Solana-based meme coin, YZY, saw its market valuation briefly flash above $3 billion before a dramatic decline, leaving a trail...
From Delhi to the US: Inside the Fake Coinbase Scam That Stole $20 Million
A sprawling international crypto scam has been dismantled by Indian authorities and U.S. law enforcement, masterminded by Chirag Tomar, a New Delhi native accused of stealing over $20 million through...
Price for Crypto Crime in China: A 14-Year Prison Sentence
Chinese authorities have ramped up efforts to prosecute cryptocurrency-related crimes, sentencing a former tech executive to over 14 years in prison for embezzling 140 million yuan (approximately $19.5 million) from...
FaZe CEO Ricky Banks Steps Down Amid MLG Crypto Scandal
The cryptocurrency community went aghast after Ricky Banks, CEO of FaZe, stepped down amid the MLG scandal. The meme coin was highly promoted in early 2025 by Banks along with...
“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...
