Crypto Scam
Commissioner Recovers $86k for Clients Scammed Via Bitcoin of America
Jorge Perez, a Banking Commissioner in the United States, has delivered justice to four consumers who fell prey to a scam by securing a settlement of $86,000 from Bitcoin of...
Why Most Cryptocurrency Fraud Cases Take Place in China and the US
Crypto crime has become a major concern to regulatory authorities. There have been sharp increases in crypto crime, especially hacks related to fraud, in recent years as Web3 becomes an...
Ripple CTO Agrees Bitboy’s BEN Coin Project Is 100% Rugpull Scam
The crypto community is up against Ben Armstrong, a famous crypto influencer known as Bitboy Crypto, over his recent announcement about joining the project team of the newly launched meme...
16-Member Gang, Two Policemen, Tried for Crypto Heist in Vietnam
A crypto investor in Vietnam recruited a gang to kidnap and rob another individual. The investor claimed the individual had tricked him out of his Bitcoin investment. Two local police...
XEX Crypto Issues Warning Against Discord Channel Malicious Activity
Decentralized financial payment network XEX Crypto just issued a warning to its users regarding a potential scam that has affected their Discord channel. The company advised all users not to...
Indian Enforcement Directorate Freezes 916M Linked to HPZ Token Scam
Various bank and payment gateway accounts associated with companies engaged in the HPZ Token fraud, a cryptocurrency scam with connections to money laundering, have had Rs 91.6 crore (916 million)...
Hackers Steal Almost $11 Million From Yearn Finance Via yUSDT
Decentralized finance protocol Yearn Finance fell victim to an exploit earlier today that saw the hacker make away with millions of dollars worth of crypto assets. Data gathered by blockchain...
20-Yr-Old Cryptocurrency Investor Scams $29M; Tortured For Ransom
In an alarming news, a 20-year-old cryptocurrency investor who was allegedly defrauding investors out of $29 million was kidnapped, tortured, and held hostage for a ransom. An online crypto news...
Researcher Unveils Scammer Behind Failed Swerve $1M Governance Attack
Igor Igamberdiev, head of research at the well-known market maker Wintermute, recently detailed how a fraudster tried to carry out a governance attack on Swerve Finance, a decentralized finance (DeFi)...
Revenue From Crypto Scams Fell By 46% In 2022: Chainalysis
A new report by blockchain analytics firm Chainalysis revealed the impact of last year’s crypto winter on crypto scams and their revenues. As per the report, the revenue from crypto...
Security Platform Identifies USDT Scam Syndicate on YouTube
Corporate Cyber Securities Solutions platform WhiteSecure has identified a USDT scam trend on YouTube. WhiteSecur’s discovered cases are in their thousands and suggest a growing pattern that could escalate if...
BlockSec Spots Suspicious Activities on BSC Network; Suspects Hacks
The blockchain security platform, Blocksec, destined to provide reliable security services through its cutting-edge research, spotted and informed the crypto aspirants about “some suspicious behaviors” on Binance Smart Chain (BSC)....
Youtuber Coffezilla Exposes MMA Fighter Dillon Danis’s Scam NFT Promotion
Stephen “Coffeezilla,” a YouTuber and self-proclaimed internet detective, reportedly exposed Dillon Danis on Twitter by duping him into endorsing a fake NFT project. The website that Dillon promoted was a...
ZachXBT’s Scam Investigation Leads To $260k FBI Seizure
Popular on-chain detective ZachXBT announced on Twitter recently that his efforts to track and investigate Chase Senecal, a well known online phishing scammer had led to his assets being seized...
BonqDAO Exploiter Launders $2 Million Through Tornado Cash
The exploiter responsible for the $120 million attack on BonqDAO has started routing the stolen funds through mixing and swapping services. The Bonq protocol lost millions yesterday following an oracle...
£2 Million, 100 Victims; Oxford Student Runs Extensive Crypto Scam
Dutch national Wybo Wiersma was arrested for stealing from over 100 people worldwide in a crypto fraud of £2 million. He is sentenced to jail for four and half years....
Amidst Crypto Scams KuCoin Publishes Anti-Fraud Verification Guide
Amidst rising crypto hacks and scandals, crypto exchange KuCoin published an anti-fraud verification guide on how to properly apply for listing on the platform. The article leads users through the...
FBI Reveals North Korea’s Role in Horizon Bridge’s Theft Worth $100M
The Federal Bureau of Investigation (FBI) declared that the two hacker groups related to the Democratic People’s Republic of Korea (DPRK) — Lazarus Group and APT38 — have been responsible...
Scammers Abuse OpenSea Policy to Sell NFTs of 6th Largest BAYC Holder
Some people have exploited OpenSea’s ape policy to sell the Bored Ape Yacht Club (BAYC) NFTS to collectors. Franklin, the sixth largest BAYC holder, tweeted yesterday, complaining that the ugly...
Ex-FTX US President Brett Harrison Denies Involvement in Scandal
Former FTX US president, Brett Harrison has debunked rumors linking him with the alleged fraud executed by Sam Bankman-Fried (SBF) and his team at FTX. According to Harrison, the scheme...
FatMan Squawks Against the Fallen Three Arrows Capital Co-founder
With many CEOs of fallen exchanges still at large, the crypto community has noticed activity from all of those so-called “bad actors.” A Twitter crypto analyst, who goes by the...
Hackers Steal 200+ BTC of Bitcoin OG and Core Developer
Adding up to the crypto theft incidents, Bitcoin OG and core developer Luke Dashj tweeted that many of his bitcoins were stolen, on December 30. Dashj claimed on the last...
North Korean Hackers Impersonate VCs to Steal Crypto
A recent Kaspersky Labs report claims that the North Korean hacking group “BlueNoroff” stole millions of dollars by creating over seventy bogus domain names and passing them off as banks...
FTX in the Rabbithole: New Class Action Suit Against Bankman-Fried
Customers of FTX sued the exchange and its former founder Sam Bankman-Fried in a class action. The crypto exchange failed to return the crypto on it, which belongs to the...
2022 Rug Pull Report: 350 Crypto Scam Tokens Developed per Day
The blockchain risk monitoring firm Solidus Labs has released the 2022 Rug Pull report which reveals that an average of 350 crypto scam tokens were developed per day, to defraud...
