Crypto Scam

An FBI sting operation called Operation Token Mirrors used a fake crypto project, NexFundAI, to expose wash trading by three market makers: ZM Quant, CLS Global, and MyTrade. Blockchain research...

The Binance crypto exchange teamed up with Delhi Police in the capital region of India, to shut down a complex fraud operation run by “M/s Goldcoat Solar,” which falsely claimed...

US prosecutors have recommended a five-year prison sentence for Ilya Lichtenstein, who pleaded guilty to a money-laundering conspiracy related to the $6 billion Bitfinex hack. They believe Lichtenstein reflects a...

Alice Guo, a former Philippine mayor, is facing allegations of involvement with the defunct Atom Asset Exchange (AAX) and other potentially illicit activities. A report from Rappler connects Guo’s business...

Cybercriminals have adapted to trending topics, rebranding their fraudulent schemes under popular names like “ChatGPT.” Earlier this year, SlowMist’s founder Cos warned users on X about arbitrage MEV bot scams....

Many blockchain and cryptocurrency users are interested in Solana’s growth. But while reputable developers are building on the scalability-focused blockchain, crypto scammers are taking advantage of new users to exploit...

Blockchain analysis platform Santiment forecasts a short-term dip in digital assets. This prediction comes as the crypto community reacts to the news of GOTBIT Consulting LLC and its CEO, Aleksei...

ZachXBT, quite a popular crypto detective on X, has called out crypto analyst and influencer Rekt Fencer for promoting fake meme coin projects, duping investors.  In an X post, ZachXBT...

Software company Hancom Group Chairman Kim Sang-cheol is under investigation for allegedly amassing illicit funds worth tens of billions of Korean won using Arowana (ARW) tokens. South Korean prosecutors are...

North Korea is secretly infiltrating the cryptocurrency sector by disguising its citizens as IT workers and using other deceptive tactics to channel funds into the regime’s military programs. The finding...

The Australian Federal Police (AFP) seized $9.5 million in digital assets from the alleged mastermind behind an organized crime application called Ghost. The AFP-led Criminal Assets Confiscation Taskforce (CACT) arrested...

Caroline Ellison, the former CEO of Alameda Research, received a two-year prison sentence for her part in the collapse of the FTX cryptocurrency exchange. Ellison’s sentencing, which took place in...

Hong Kong Police have arrested 25 men and women involved in a cryptocurrency scam and money laundering operation. Authorities report that digital asset scams represent 7% of all fraud cases...

Hong Kong Police arrested two men in connection with a theft at a digital currency exchange shop in the Sham Shui Po district. The Sham Shui Po Police District Crime...

Shibetoshi Nakamoto, the creator of Dogecoin, addressed the crypto community on social media, clarifying his role in cryptocurrency development. He emphasized that he hasn’t been involved with any crypto projects...

Indonesian cryptocurrency exchange Tokocrypto and Binance teamed up with the country’s Criminal Investigation Agency (Bareskrim) and took down a major cryptocurrency scam. The operation led to the arrest of several...

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...