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...
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,...
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...
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, 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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 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...
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,...
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...
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...
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...
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...
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...
The Australian Federal Police (AFP) are currently investigating a widespread cryptocurrency scam in which fraudsters are impersonating representatives of the Binance exchange. The scam has already ensnared over 130 Australians,...