Crypto Scam

Binance exchange, shared details on its role in helping India’s Enforcement Directorate (ED) investigate and dismantle a fraudulent online gaming platform, Fiewin. The operation resulted in the arrest of four...

German authorities have stepped up enforcement against unauthorized crypto exchange providers in the nation. The Federal Criminal Police Office (BKA), along with the Frankfurt Public Prosecutor’s Office, shut down 47...

Chinese authorities have convicted three ringleaders of a crypto pyramid scheme that defrauded over 10,000 people. On September 18, the Zhongxiang City Procuratorate of Hubei Province confiscated over 22.59 million...

Hackers responsible for the massive WazirX exploit continue to move the stolen funds, the latest being 5,000 ETH (approximately $12 million) transferred through the privacy mixer Tornado Cash, according to...

Prosecutors have presented internal Bithumb documents as new evidence in their case against the exchange’s former CEO, Lee Sang-joon. The documents, dated May 10, 2021, were submitted to a South...

The FBI’s Internet Crime Complaint Center has released a sobering statistic: Americans reported a staggering $5.6 billion in losses due to crypto fraud in 2023. This represents a 45% increase...

Seems the crypto market losses in 2024 are far from over. Over $1.2 billion has been stolen through various hacks and scams, according to the latest report by web3 security...

Binance exchange has been recognized by the Organized Crime and Triad Bureau (OCTB) of the Hong Kong Police Force (HKPF) for its help in cracking a recent kidnapping case. As...

Chainalysis’ 2024 Crime Report shows a worrying spike in crypto scams and thefts, costing users over $1.7 billion in 2023. In response, leading crypto wallet Metamask has acquired Wallet Guard...

The Seoul Southern District Prosecutors’ Office is looking into a police officer accused of taking bribes in connection with crypto cases. The investigation, handled by the office’s Virtual Asset Crime...

In a recent crackdown on unregistered crypto ATMs in Germany, the Federal Financial Supervisory Authority (BaFin) seized 13 machines across 35 locations and confiscated approximately $28 million, for alleged non-compliance...

The Indian Enforcement Directorate (ED) has apprehended Shailesh Babulal Bhatt, a Gujarat resident, in connection with a high-profile cryptocurrency-related extortion case valued at over Rs 1,200 crore. Bhatt, who has...

Sahil Arora, an Indian-born Dubai resident, has come under fire for allegedly orchestrating a multi-million dollar cryptocurrency scheme involving high-profile celebrities. According to a recent investigation by Bubblemaps, Arora capitalized...

The FBI issued a warning about scammers impersonating cryptocurrency exchange employees to steal funds. These scammers initiate contact with victims via unsolicited calls or messages, pretending to be exchange employees....

South Korean prosecutors are preparing to launch a new joint crypto-crime investigation division next spring. As reported by Aju Press, this strategic shift aims to address communication gaps with domestic...

An individual claiming responsibility for a $7.6 million exploit of lending protocol Rho Markets on the Scroll blockchain has offered to return the stolen funds, but with a catch. The...

BitForex is set to reopen for customer withdrawals following a shutdown triggered by an investigation by Chinese authorities earlier this year. The platform’s unexpected closure in February prompted a warning...

Nigerian authorities have arrested Linus Williams, also known as “Blord,” amid allegations of crypto-related fraud and terrorism financing. Williams, who claims to be a crypto asset billionaire, faces accusations centered...

Taiwan’s highest legislative body, the Legislative Yuan, has officially passed a law amending the country’s Anti-Money Laundering (AML) legislation to include digital assets. The law now requires virtual asset service...

New evidence suggests North Korea’s Lazarus Group laundered over $150,000 in stolen cryptocurrency through Huione Pay, a Cambodian payments firm, highlighting the group’s sophisticated tactics and the challenges of combating...

Blockchain sleuth ZachXBT has uncovered new evidence linking North Korea’s Lazarus Group to the $305 million DMM Bitcoin hack, revealing how the hackers laundered over $35 million of the stolen...

A recent Chainalysis report highlights the increasing use of on-chain money transfers by traditional money launderers. Kim Grauer, the Head of Research at Chainalysis, identified the “large-scale money laundering infrastructure”...

Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about seven entities suspected of crypto fraud, underscoring the risks facing investors in the city’s rapidly growing digital asset...

Blockchain security firm CertiK reported a surge of phishing scams in June, with over 10 incidents resulting in investor losses exceeding $1 million. This marks the fourth month this year...

Cyber, a new Ethereum scaling solution, has become the target of a phishing scam involving a fake airdrop announcement. Cyber, the first restaked Ethereum Layer 2 designed for social and...