Crypto Scam
Crypto Scams Cost Americans $5.6 Billion in 2023: FBI Report
The FBI reports that the US citizens lost about $5.6 billion in crypto frauds in 2023, up 45% from 2022. The report identified that the…
Crypto Security Report: August Losses Down, but 2024 Total Surpasses $1.2 Billion
Crypto losses in 2024 hit $1.2B, up 15.5%, despite August's 95% drop in thefts. Ethereum and BNB Chain targeted, with BNB Chain suffering $1.64B in…
Binance’s Tech Helps Hong Kong Police Bust Kidnapping Ring
Binance received a letter of appreciation from the Hong Kong Police for its role in identifying suspects in a recent kidnapping case. Carlos Mak, from…
MetaMask Tackles Crypto Scams with Wallet Guard Integration
MetaMask acquires Wallet Guard to bolster security amid rising crypto scams. The integration aims to enhance protection for MetaMask users across the entire user lifecycle.…
South Korea Cracks Down on Corruption in Crypto Enforcement
Seoul probes police officer for crypto bribery, signaling potential corruption in asset cases. Jurisdiction bypass hints at severe implications for officer in virtual asset bribery…
Germany Cracks Down on Unlicensed Crypto ATMs
Germany’s BaFin has seized 13 crypto ATMs that allegedly operated without regulatory compliance. The authority captured 25 million euros, equivalent to $28 million, from these…
Indian ED Arrests Crypto Scammer in $148M Extortion Case
The Indian ED arrests Babulal Bhatt for involvement in a $148M crypto scheme. Bhatt extorted 2,091 Bitcoins, 11,000 LiteCoins, and Rs 14.50 crore in cash…
Investigation Uncovers $30M Crypto Fraud Tied to Celebrity Promotions
Dubai-based Sahil Arora accused of manipulating celebrity-backed crypto tokens. Arora allegedly made $30 million by dumping tokens after celebrity promotions. Legal gray areas and celebrity…
FBI Warns of Rising Crypto Exchange Impersonation Scams
FBI warns of scammers impersonating cryptocurrency exchange employees. Scammers use urgent messages to trick victims into revealing account information. Report cryptocurrency scams and fake job…
South Korea Cracks Down on Crypto Crime, New Unit to Tackle Lazarus Group Threat
New crypto-crime task force in South Korea set for launch next spring. North Korea’s Lazarus Group implicated in $150,000 crypto laundering. Virtual Asset User Protection…
